EPC & VASTGOED: what changed
What changed
EPC & VASTGOED
NACE 68.322, Real estate appraisal on a fee or contract basis
filed annual accounts (NBB)
Net result for the year
€33,663
2024 · €49,828-€16,164
Equity
€18,600
2024 · €18,600
Cash
€144,365
2024 · €148,149-€3,785
Balance sheet total
€178,530
2024 · €171,487+€7,043
Largest movements
Assets
- Tangible fixed assets +€11,420
up €11,420 (+355%), from €3,219 to €14,639
of which Furniture and vehicles: +€9,727
- Cash -€3,785
down €3,785 (-2.6%), from €148,149 to €144,365
mainly Contributions, distributions and other (-€33,663) and Investment in fixed assets (net) (-€17,246)
Equity and liabilities
- Other debts +€4,436
up €4,436 (+3.2%), from €140,377 to €144,813
- Trade debts +€4,021
up €4,021 (+161%), from €2,504 to €6,525
Income statement
- Gross operating margin -€12,050
down €12,050 (-18.5%), from €65,094 to €53,044
- Depreciation +€4,783
up €4,783 (+418%), from €1,143 to €5,926
- Taxes -€3,639
down €3,639 (-27.5%), from €13,209 to €9,570
- Financial charges +€1,689
up €1,689 (+1,258%), from €134 to €1,824
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,828
Gross operating margin
-€12,050
Depreciation
-€4,783
Other operating charges
-€520
Other operating items
-€1,179
Financial income
+€417
Financial charges
-€1,689
Taxes
+€3,639
Result 2025
€33,663
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,125
Investment
-€17,246
Financing
-€33,663
Cash 2024
€148,149
From operations (derived)
+€47,125
Net result for the year
+€33,663
Depreciation
+€5,926
Receivables within one year
+€362
Deferred charges and accrued income
+€131
Trade debts
+€4,021
Tax, wage and social debts
-€1,136
Other debts
+€4,436
Accrued charges and deferred income
-€277
Investment (derived)
-€17,246
Investment in fixed assets (net)
-€17,246
Financing
-€33,663
Contributions, distributions and other
-€33,663
Cash 2025
€144,365
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,487 | €178,530 | +€7,043 | +4.1% |
| Fixed assets | 21/28 | €3,319 | €14,639 | +€11,320 | +341% |
| Tangible fixed assets | 22/27 | €3,219 | €14,639 | +€11,420 | +355% |
| Plant, machinery and equipment | 23 | €1,339 | €3,032 | +€1,693 | +126% |
| Furniture and vehicles | 24 | €1,880 | €11,607 | +€9,727 | +517% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €168,168 | €163,891 | -€4,277 | -2.5% |
| Amounts receivable within one year | 40/41 | €19,888 | €19,526 | -€362 | -1.8% |
| Trade receivables | 40 | €13,888 | €16,360 | +€2,472 | +17.8% |
| Other amounts receivable | 41 | €6,000 | €3,166 | -€2,834 | -47.2% |
| Cash at bank and in hand | 54/58 | €148,149 | €144,365 | -€3,785 | -2.6% |
| Deferred charges and accrued income | 490/1 | €131 | €0 | -€131 | -100% |
| Total equity and liabilities | 10/49 | €171,487 | €178,530 | +€7,043 | +4.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,887 | €159,930 | +€7,043 | +4.6% |
| Amounts payable within one year | 42/48 | €152,211 | €159,530 | +€7,320 | +4.8% |
| Trade debts | 44 | €2,504 | €6,525 | +€4,021 | +161% |
| Suppliers | 440/4 | €2,504 | €6,525 | +€4,021 | +161% |
| Taxes, remuneration and social security | 45 | €9,329 | €8,193 | -€1,136 | -12.2% |
| Taxes | 450/3 | €7,208 | €6,056 | -€1,152 | -16.0% |
| Remuneration and social security | 454/9 | €2,121 | €2,136 | +€15 | +0.7% |
| Other amounts payable | 47/48 | €140,377 | €144,813 | +€4,436 | +3.2% |
| Accrued charges and deferred income | 492/3 | €677 | €400 | -€277 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €5,926 | +€4,783 | +418% |
| Other operating charges | 640/8 | €1,151 | €1,671 | +€520 | +45.2% |
| Non-recurring operating charges | 66A | - | €1,179 | +€1,179 | |
| Gross operating margin | 9900 | €65,094 | €53,044 | -€12,050 | -18.5% |
| Operating profit (loss) | 9901 | €62,799 | €44,268 | -€18,531 | -29.5% |
| Financial income | 75/76B | €372 | €789 | +€417 | +112% |
| Recurring financial income | 75 | €372 | €789 | +€417 | +112% |
| Financial charges | 65/66B | €134 | €1,824 | +€1,689 | +1,258% |
| Recurring financial charges | 65 | €134 | €1,824 | +€1,689 | +1,258% |
| Profit (loss) for the period before taxes | 9903 | €63,037 | €43,234 | -€19,803 | -31.4% |
| Income taxes | 67/77 | €13,209 | €9,570 | -€3,639 | -27.5% |
| Profit (loss) for the period | 9904 | €49,828 | €33,663 | -€16,164 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,828 | €33,663 | -€16,164 | -32.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.