DB VASTGOED PROJECTS: 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.
DB VASTGOED PROJECTS
Largest movements
- Stocks and contracts -€230,719
down €230,719 (-17.2%), from €1.3m to €1.1m
- Tangible fixed assets +€212,573
new in 2025: €212,573
- Receivables within one year +€29,972
up €29,972 (+105,459%), from €28 to €30,000
of which Other amounts receivable: +€30,000
- Deferred charges and accrued income -€24,471
down €24,471 (-97.2%), from €25,167 to €697
- Profit (loss) carried forward -€117,659
down €117,659 (-585%), from -€20,119 to -€137,778
- Other debts +€109,009
up €109,009 (+31.8%), from €342,951 to €451,960
- Gross operating margin -€63,430
down €63,430, from €37,587 to -€25,843
- Depreciation +€18,146
new in 2025: €18,146
- Other operating charges +€3,037
up €3,037 (+15.4%), from €19,733 to €22,770
- Staff costs +€2,602
up €2,602, from -€91 to €2,511
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 | €1,380,459 | €1,363,837 | -€16,622 | -1.2% |
| Fixed assets | 21/28 | - | €212,573 | +€212,573 | |
| Tangible fixed assets | 22/27 | - | €212,573 | +€212,573 | |
| Land and buildings | 22 | - | €212,573 | +€212,573 | |
| Current assets | 29/58 | €1,380,459 | €1,151,264 | -€229,195 | -16.6% |
| Stocks and contracts in progress | 3 | €1,341,073 | €1,110,354 | -€230,719 | -17.2% |
| Stocks | 30/36 | €1,341,073 | €1,110,354 | -€230,719 | -17.2% |
| Amounts receivable within one year | 40/41 | €28 | €30,000 | +€29,972 | +105,459% |
| Trade receivables | 40 | €28 | - | -€28 | |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €14,190 | €10,213 | -€3,977 | -28.0% |
| Deferred charges and accrued income | 490/1 | €25,167 | €697 | -€24,471 | -97.2% |
| Total equity and liabilities | 10/49 | €1,380,459 | €1,363,837 | -€16,622 | -1.2% |
| Equity | 10/15 | €283,222 | €165,562 | -€117,659 | -41.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €268,340 | €268,340 | = | 0.0% |
| Distributable reserves | 133 | €268,340 | €268,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,119 | -€137,778 | -€117,659 | -585% |
| Amounts payable | 17/49 | €1,097,238 | €1,198,275 | +€101,037 | +9.2% |
| Amounts payable after more than one year | 17 | €182,500 | €182,500 | = | 0.0% |
| Financial debts | 170/4 | €182,500 | €182,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €911,592 | €1,013,044 | +€101,452 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €547,500 | €550,000 | +€2,500 | +0.5% |
| Trade debts | 44 | €14,801 | €8,322 | -€6,479 | -43.8% |
| Suppliers | 440/4 | €14,801 | €8,322 | -€6,479 | -43.8% |
| Taxes, remuneration and social security | 45 | €6,340 | €2,762 | -€3,578 | -56.4% |
| Taxes | 450/3 | €6,340 | €2,762 | -€3,578 | -56.4% |
| Other amounts payable | 47/48 | €342,951 | €451,960 | +€109,009 | +31.8% |
| Accrued charges and deferred income | 492/3 | €3,145 | €2,731 | -€415 | -13.2% |
| Non-recurring operating income | 76A | €13,500 | - | -€13,500 | |
| Remuneration, social security and pensions | 62 | -€91 | €2,511 | +€2,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €18,146 | +€18,146 | |
| Other operating charges | 640/8 | €19,733 | €22,770 | +€3,037 | +15.4% |
| Gross operating margin | 9900 | €37,587 | -€25,843 | -€63,430 | |
| Operating profit (loss) | 9901 | €17,944 | -€69,270 | -€87,215 | |
| Financial charges | 65/66B | €48,329 | €48,389 | +€60 | +0.1% |
| Recurring financial charges | 65 | €48,329 | €48,389 | +€60 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,384 | -€117,659 | -€87,275 | -287% |
| Profit (loss) for the period | 9904 | -€30,384 | -€117,659 | -€87,275 | -287% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,384 | -€117,659 | -€87,275 | -287% |
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 20 October 2026 via checked.be.