DW 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.
DW VASTGOED
Largest movements
- Stocks and contracts -€161,145
down €161,145 (-100%), from €161,145 to €0
- Receivables within one year +€144,500
up €144,500 (+419%), from €34,454 to €178,954
of which Trade receivables: +€128,810
- Cash +€14,401
up €14,401 (+14.3%), from €100,780 to €115,180
mainly Stocks and contracts (+€161,145) and Trade debts (+€81,132)
- Advances received -€186,847
down €186,847 (-100%), from €186,847 to €0
- Trade debts +€81,132
up €81,132 (+2,975%), from €2,727 to €83,859
- Profit (loss) carried forward +€59,166
up €59,166 (+75.2%), from -€78,679 to -€19,513
- Tax, wage and social debts +€32,764
up €32,764 (+64.1%), from €51,111 to €83,875
- Short-term financial debts +€11,999
new in 2025: €11,999
- Gross operating margin +€24,571
up €24,571 (+70.4%), from €34,895 to €59,466
- Financial charges -€8,776
down €8,776 (-100%), from €8,776 to €0
- Other operating charges -€4,603
down €4,603 (-100%), from €4,603 to €0
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 | €296,379 | €294,134 | -€2,245 | -0.8% |
| Current assets | 29/58 | €296,379 | €294,134 | -€2,245 | -0.8% |
| Stocks and contracts in progress | 3 | €161,145 | €0 | -€161,145 | -100% |
| Stocks | 30/36 | €161,145 | €0 | -€161,145 | -100% |
| Amounts receivable within one year | 40/41 | €34,454 | €178,954 | +€144,500 | +419% |
| Trade receivables | 40 | €34,293 | €163,103 | +€128,810 | +376% |
| Other amounts receivable | 41 | €161 | €15,851 | +€15,690 | +9,718% |
| Cash at bank and in hand | 54/58 | €100,780 | €115,180 | +€14,401 | +14.3% |
| Total equity and liabilities | 10/49 | €296,379 | €294,134 | -€2,245 | -0.8% |
| Equity | 10/15 | -€66,279 | -€7,113 | +€59,166 | +89.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,679 | -€19,513 | +€59,166 | +75.2% |
| Amounts payable | 17/49 | €362,658 | €301,248 | -€61,411 | -16.9% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €287,658 | €226,248 | -€61,411 | -21.3% |
| Financial debts | 43 | - | €11,999 | +€11,999 | |
| Credit institutions | 430/8 | - | €11,999 | +€11,999 | |
| Trade debts | 44 | €2,727 | €83,859 | +€81,132 | +2,975% |
| Suppliers | 440/4 | €2,727 | €83,859 | +€81,132 | +2,975% |
| Advances received on contracts in progress | 46 | €186,847 | €0 | -€186,847 | -100% |
| Taxes, remuneration and social security | 45 | €51,111 | €83,875 | +€32,764 | +64.1% |
| Taxes | 450/3 | €51,111 | €83,875 | +€32,764 | +64.1% |
| Other amounts payable | 47/48 | €46,973 | €46,514 | -€459 | -1.0% |
| Other operating charges | 640/8 | €4,603 | €0 | -€4,603 | -100% |
| Gross operating margin | 9900 | €34,895 | €59,466 | +€24,571 | +70.4% |
| Operating profit (loss) | 9901 | €30,293 | €59,466 | +€29,173 | +96.3% |
| Financial income | 75/76B | €430 | €27 | -€404 | -93.8% |
| Recurring financial income | 75 | €430 | €27 | -€404 | -93.8% |
| Financial charges | 65/66B | €8,776 | €0 | -€8,776 | -100% |
| Recurring financial charges | 65 | €8,776 | €0 | -€8,776 | -100% |
| Profit (loss) for the period before taxes | 9903 | €21,947 | €59,493 | +€37,546 | +171% |
| Income taxes | 67/77 | - | €327 | +€327 | |
| Profit (loss) for the period | 9904 | €21,947 | €59,166 | +€37,219 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €21,947 | €59,166 | +€37,219 | +170% |
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 14 October 2026 via checked.be.