ET 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.
ET VASTGOED
Largest movements
- Stocks and contracts +€248,124
new in 2025: €248,124
- Cash +€94,254
up €94,254 (+60,042%), from €157 to €94,411
mainly Other debts (+€312,055) and Net result for the year (+€76,650)
- Receivables within one year +€42,950
up €42,950 (+11,857%), from €362 to €43,312
- Deferred charges and accrued income +€21,633
new in 2025: €21,633
- Other debts +€312,055
up €312,055, from €0 to €312,055
- Profit (loss) carried forward +€76,650
up €76,650, from -€7,552 to €69,098
- Tax, wage and social debts +€18,741
up €18,741, from €0 to €18,741
- Gross operating margin +€106,777
up €106,777, from -€3,215 to €103,562
- Taxes +€18,741
new in 2025: €18,741
- Financial charges +€7,171
up €7,171 (+15,934%), from €45 to €7,216
- Other operating charges +€1,386
up €1,386 (+270%), from €513 to €1,899
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 | €519 | €407,480 | +€406,961 | +78,381% |
| Current assets | 29/58 | €519 | €407,480 | +€406,961 | +78,381% |
| Stocks and contracts in progress | 3 | - | €248,124 | +€248,124 | |
| Stocks | 30/36 | - | €248,124 | +€248,124 | |
| Amounts receivable within one year | 40/41 | €362 | €43,312 | +€42,950 | +11,857% |
| Other amounts receivable | 41 | €362 | €43,312 | +€42,950 | +11,857% |
| Cash at bank and in hand | 54/58 | €157 | €94,411 | +€94,254 | +60,042% |
| Deferred charges and accrued income | 490/1 | - | €21,633 | +€21,633 | |
| Total equity and liabilities | 10/49 | €519 | €407,480 | +€406,961 | +78,381% |
| Equity | 10/15 | -€1,162 | €75,488 | +€76,650 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190 | €190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €190 | €0 | -€190 | -100% |
| Reserves not available under the articles | 1311 | €190 | €0 | -€190 | -100% |
| Distributable reserves | 133 | - | €190 | +€190 | |
| Profit (loss) carried forward | 14 | -€7,552 | €69,098 | +€76,650 | |
| Amounts payable | 17/49 | €1,681 | €331,992 | +€330,311 | +19,650% |
| Amounts payable within one year | 42/48 | €1,681 | €331,992 | +€330,311 | +19,650% |
| Trade debts | 44 | €1,681 | €1,196 | -€485 | -28.8% |
| Suppliers | 440/4 | €1,681 | €1,196 | -€485 | -28.8% |
| Taxes, remuneration and social security | 45 | €0 | €18,741 | +€18,741 | |
| Taxes | 450/3 | €0 | €18,741 | +€18,741 | |
| Other amounts payable | 47/48 | €0 | €312,055 | +€312,055 | |
| Other operating charges | 640/8 | €513 | €1,899 | +€1,386 | +270% |
| Gross operating margin | 9900 | -€3,215 | €103,562 | +€106,777 | |
| Operating profit (loss) | 9901 | -€3,728 | €101,663 | +€105,391 | |
| Financial income | 75/76B | - | €944 | +€944 | |
| Recurring financial income | 75 | - | €944 | +€944 | |
| Financial charges | 65/66B | €45 | €7,216 | +€7,171 | +15,934% |
| Recurring financial charges | 65 | €45 | €7,216 | +€7,171 | +15,934% |
| Profit (loss) for the period before taxes | 9903 | -€3,773 | €95,391 | +€99,164 | |
| Income taxes | 67/77 | - | €18,741 | +€18,741 | |
| Profit (loss) for the period | 9904 | -€3,773 | €76,650 | +€80,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,773 | €76,650 | +€80,423 |
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 24 October 2026 via checked.be.