D & S VASTGOED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
D & S VASTGOED
Largest movements
- Receivables within one year -€12,173
no longer reported in 2025 (was €12,173)
- Tangible fixed assets +€7,765
up €7,765 (+12.7%), from €61,335 to €69,099
of which Plant, machinery and equipment: +€15,538
- Deferred charges and accrued income -€3,375
no longer reported in 2025 (was €3,375)
- Cash +€1,100
up €1,100 (+110%), from €1,004 to €2,104
mainly Receivables within one year (+€12,173) and Depreciation (+€4,931)
- Debts after one year -€13,739
down €13,739 (-39.9%), from €34,395 to €20,655
- Profit (loss) carried forward +€2,717
up €2,717 (+4.6%), from -€59,563 to -€56,846
- Other debts +€1,995
up €1,995 (+7.7%), from €25,800 to €27,795
- Trade debts +€1,344
up €1,344 (+239%), from €562 to €1,905
- Current portion of long-term debt +€1,000
up €1,000 (+7.8%), from €12,778 to €13,779
- Gross operating margin +€1,985
up €1,985 (+18.1%), from €10,946 to €12,931
- Financial charges -€891
down €891 (-19.7%), from €4,518 to €3,626
- Taxes +€711
up €711 (+723%), from €98 to €809
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,887 | €71,203 | -€6,684 | -8.6% |
| Fixed assets | 21/28 | €61,335 | €69,099 | +€7,765 | +12.7% |
| Tangible fixed assets | 22/27 | €61,335 | €69,099 | +€7,765 | +12.7% |
| Land and buildings | 22 | €61,335 | €53,562 | -€7,773 | -12.7% |
| Plant, machinery and equipment | 23 | - | €15,538 | +€15,538 | |
| Current assets | 29/58 | €16,552 | €2,104 | -€14,448 | -87.3% |
| Amounts receivable within one year | 40/41 | €12,173 | - | -€12,173 | |
| Trade receivables | 40 | €12,173 | - | -€12,173 | |
| Cash at bank and in hand | 54/58 | €1,004 | €2,104 | +€1,100 | +110% |
| Deferred charges and accrued income | 490/1 | €3,375 | - | -€3,375 | |
| Total equity and liabilities | 10/49 | €77,887 | €71,203 | -€6,684 | -8.6% |
| Equity | 10/15 | €4,352 | €7,068 | +€2,717 | +62.4% |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Contributions outside capital | 11 | €61,974 | €61,974 | = | 0.0% |
| Other | 1109/19 | €61,974 | €61,974 | = | 0.0% |
| Reserves | 13 | €1,941 | €1,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,941 | €1,941 | = | 0.0% |
| Legal reserve | 130 | €1,941 | €1,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,563 | -€56,846 | +€2,717 | +4.6% |
| Amounts payable | 17/49 | €73,535 | €64,134 | -€9,401 | -12.8% |
| Amounts payable after more than one year | 17 | €34,395 | €20,655 | -€13,739 | -39.9% |
| Financial debts | 170/4 | €34,395 | €20,655 | -€13,739 | -39.9% |
| Amounts payable within one year | 42/48 | €39,140 | €43,479 | +€4,339 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €12,778 | €13,779 | +€1,000 | +7.8% |
| Trade debts | 44 | €562 | €1,905 | +€1,344 | +239% |
| Suppliers | 440/4 | €562 | €1,905 | +€1,344 | +239% |
| Other amounts payable | 47/48 | €25,800 | €27,795 | +€1,995 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,931 | €4,931 | = | 0.0% |
| Other operating charges | 640/8 | €822 | €848 | +€25 | +3.1% |
| Gross operating margin | 9900 | €10,946 | €12,931 | +€1,985 | +18.1% |
| Operating profit (loss) | 9901 | €5,193 | €7,152 | +€1,959 | +37.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,518 | €3,626 | -€891 | -19.7% |
| Recurring financial charges | 65 | €4,518 | €3,626 | -€891 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €676 | €3,526 | +€2,850 | +422% |
| Income taxes | 67/77 | €98 | €809 | +€711 | +723% |
| Profit (loss) for the period | 9904 | €577 | €2,717 | +€2,139 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €577 | €2,717 | +€2,139 | +371% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.