DL 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.
DL VASTGOED
Largest movements
- Cash +€203,223
up €203,223 (+217%), from €93,725 to €296,948
mainly Other debts (+€122,787) and Receivables within one year (+€43,415)
- Receivables within one year -€43,415
down €43,415 (-18.4%), from €235,948 to €192,533
of which Trade receivables: -€117,372
- Tangible fixed assets +€42,646
up €42,646 (+644%), from €6,620 to €49,266
of which Leasing and similar rights: +€33,210
- Deferred charges and accrued income +€8,119
up €8,119 (+236%), from €3,440 to €11,559
- Other debts +€122,787
up €122,787 (+40.3%), from €304,375 to €427,163
- Trade debts +€30,531
up €30,531 (+99.6%), from €30,644 to €61,176
- Profit (loss) carried forward +€22,846
up €22,846 (+41.9%), from -€54,580 to -€31,734
- Debts after one year +€21,920
new in 2025: €21,920
- Current portion of long-term debt +€10,687
new in 2025: €10,687
- Turnover +€209,737
up €209,737 (+55.3%), from €379,500 to €589,237
- Services and other goods +€71,947
up €71,947 (+21.8%), from €329,687 to €401,634
- Staff costs +€35,198
up €35,198 (+34.9%), from €100,734 to €135,932
- Depreciation +€12,835
up €12,835 (+674%), from €1,904 to €14,739
- Other operating charges +€11,534
up €11,534 (+1,614%), from €714 to €12,249
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 | €344,019 | €553,155 | +€209,136 | +60.8% |
| Fixed assets | 21/28 | €10,906 | €52,115 | +€41,209 | +378% |
| Intangible fixed assets | 21 | €3,909 | €2,849 | -€1,060 | -27.1% |
| Tangible fixed assets | 22/27 | €6,620 | €49,266 | +€42,646 | +644% |
| Furniture and vehicles | 24 | €6,620 | €16,056 | +€9,436 | +143% |
| Leasing and similar rights | 25 | - | €33,210 | +€33,210 | |
| Financial fixed assets | 28 | €377 | €0 | -€377 | -100% |
| Other financial fixed assets | 284/8 | €377 | €0 | -€377 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €377 | €0 | -€377 | -100% |
| Current assets | 29/58 | €333,113 | €501,040 | +€167,927 | +50.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €235,948 | €192,533 | -€43,415 | -18.4% |
| Trade receivables | 40 | €205,759 | €88,387 | -€117,372 | -57.0% |
| Other amounts receivable | 41 | €30,188 | €104,145 | +€73,957 | +245% |
| Cash at bank and in hand | 54/58 | €93,725 | €296,948 | +€203,223 | +217% |
| Deferred charges and accrued income | 490/1 | €3,440 | €11,559 | +€8,119 | +236% |
| Total equity and liabilities | 10/49 | €344,019 | €553,155 | +€209,136 | +60.8% |
| Equity | 10/15 | -€36,524 | -€13,678 | +€22,846 | +62.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,057 | €15,057 | = | 0.0% |
| Distributable reserves | 133 | €15,057 | €15,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,580 | -€31,734 | +€22,846 | +41.9% |
| Amounts payable | 17/49 | €380,543 | €566,833 | +€186,290 | +49.0% |
| Amounts payable after more than one year | 17 | - | €21,920 | +€21,920 | |
| Financial debts | 170/4 | - | €21,920 | +€21,920 | |
| Leasing and similar obligations | 172 | - | €21,920 | +€21,920 | |
| Amounts payable within one year | 42/48 | €377,043 | €544,913 | +€167,870 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,687 | +€10,687 | |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €30,644 | €61,176 | +€30,531 | +99.6% |
| Suppliers | 440/4 | €30,644 | €61,176 | +€30,531 | +99.6% |
| Advances received on contracts in progress | 46 | €2 | €68 | +€66 | +3,320% |
| Taxes, remuneration and social security | 45 | €17,021 | €20,818 | +€3,797 | +22.3% |
| Taxes | 450/3 | €1,297 | €7,893 | +€6,596 | +509% |
| Remuneration and social security | 454/9 | €15,724 | €12,925 | -€2,799 | -17.8% |
| Other amounts payable | 47/48 | €304,375 | €427,163 | +€122,787 | +40.3% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Operating income | 70/76A | €380,305 | €591,164 | +€210,859 | +55.4% |
| Turnover | 70 | €379,500 | €589,237 | +€209,737 | +55.3% |
| Other operating income | 74 | €806 | €1,928 | +€1,122 | +139% |
| Operating charges | 60/66A | €433,339 | €564,554 | +€131,215 | +30.3% |
| Goods for resale, raw materials and consumables | 60 | €300 | €0 | -€300 | -100% |
| Purchases | 600/8 | €300 | €0 | -€300 | -100% |
| Services and other goods | 61 | €329,687 | €401,634 | +€71,947 | +21.8% |
| Remuneration, social security and pensions | 62 | €100,734 | €135,932 | +€35,198 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €14,739 | +€12,835 | +674% |
| Other operating charges | 640/8 | €714 | €12,249 | +€11,534 | +1,614% |
| Operating profit (loss) | 9901 | -€53,034 | €26,610 | +€79,644 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €1,486 | €3,583 | +€2,098 | +141% |
| Recurring financial charges | 65 | €1,486 | €3,583 | +€2,098 | +141% |
| Debt charges | 650 | €756 | €2,887 | +€2,131 | +282% |
| Other financial charges | 652/9 | €730 | €697 | -€33 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€54,519 | €23,027 | +€77,546 | |
| Income taxes | 67/77 | €61 | €181 | +€120 | +197% |
| Taxes | 670/3 | €61 | €181 | +€120 | +197% |
| Profit (loss) for the period | 9904 | -€54,580 | €22,846 | +€77,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,580 | €22,846 | +€77,426 |
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.