De Vastgoedmanagers: 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.
De Vastgoedmanagers
Largest movements
- Receivables within one year +€34,517
up €34,517 (+1,437%), from €2,402 to €36,919
of which Trade receivables: +€33,609
- Cash -€31,446
down €31,446 (-38.3%), from €82,119 to €50,672
mainly Other debts (-€65,994) and Receivables within one year (-€34,517)
- Profit (loss) carried forward +€79,098
up €79,098 (+1,908%), from €4,146 to €83,243
- Other debts -€65,994
down €65,994 (-91.1%), from €72,414 to €6,420
- Tax, wage and social debts -€9,833
down €9,833 (-68.0%), from €14,455 to €4,622
of which Taxes: -€9,814
- Gross operating margin +€8,512
up €8,512 (+8.4%), from €100,859 to €109,371
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 | €96,708 | €99,878 | +€3,170 | +3.3% |
| Current assets | 29/58 | €96,708 | €99,878 | +€3,170 | +3.3% |
| Amounts receivable within one year | 40/41 | €2,402 | €36,919 | +€34,517 | +1,437% |
| Trade receivables | 40 | €2,383 | €35,992 | +€33,609 | +1,411% |
| Other amounts receivable | 41 | €19 | €927 | +€908 | +4,779% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,119 | €50,672 | -€31,446 | -38.3% |
| Deferred charges and accrued income | 490/1 | €2,188 | €2,287 | +€99 | +4.5% |
| Total equity and liabilities | 10/49 | €96,708 | €99,878 | +€3,170 | +3.3% |
| Equity | 10/15 | €9,146 | €88,243 | +€79,098 | +865% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,146 | €83,243 | +€79,098 | +1,908% |
| Amounts payable | 17/49 | €87,562 | €11,634 | -€75,928 | -86.7% |
| Amounts payable within one year | 42/48 | €87,562 | €11,634 | -€75,928 | -86.7% |
| Trade debts | 44 | €694 | €593 | -€101 | -14.6% |
| Suppliers | 440/4 | €694 | €593 | -€101 | -14.6% |
| Taxes, remuneration and social security | 45 | €14,455 | €4,622 | -€9,833 | -68.0% |
| Taxes | 450/3 | €14,314 | €4,500 | -€9,814 | -68.6% |
| Remuneration and social security | 454/9 | €141 | €122 | -€19 | -13.5% |
| Other amounts payable | 47/48 | €72,414 | €6,420 | -€65,994 | -91.1% |
| Remuneration, social security and pensions | 62 | €2,015 | €1,886 | -€129 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | - | -€269 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €100,859 | €109,371 | +€8,512 | +8.4% |
| Operating profit (loss) | 9901 | €98,191 | €107,098 | +€8,906 | +9.1% |
| Financial income | 75/76B | €0 | €407 | +€407 | +4,074,700% |
| Recurring financial income | 75 | €0 | €407 | +€407 | +4,074,700% |
| Financial charges | 65/66B | €74 | €278 | +€204 | +276% |
| Recurring financial charges | 65 | €74 | €278 | +€204 | +276% |
| Profit (loss) for the period before taxes | 9903 | €98,117 | €107,227 | +€9,110 | +9.3% |
| Income taxes | 67/77 | €18,456 | €19,129 | +€673 | +3.6% |
| Profit (loss) for the period | 9904 | €79,661 | €88,098 | +€8,437 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,661 | €88,098 | +€8,437 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.