FJM 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.
FJM VASTGOED
Largest movements
- Tangible fixed assets +€227,845
up €227,845 (+32.1%), from €708,873 to €936,718
- Current investments -€46,614
down €46,614 (-60.6%), from €76,930 to €30,316
- Debts after one year +€110,335
up €110,335 (+31.8%), from €347,225 to €457,560
- Reserves +€44,402
up €44,402 (+13.5%), from €329,968 to €374,370
- Current portion of long-term debt +€23,048
up €23,048 (+38.9%), from €59,292 to €82,340
- Gross operating margin -€20,615
down €20,615 (-11.0%), from €186,571 to €165,956
- Depreciation +€20,443
up €20,443 (+103%), from €19,925 to €40,368
- Taxes -€13,039
down €13,039 (-46.7%), from €27,946 to €14,907
- Staff costs +€3,754
up €3,754 (+7.6%), from €49,710 to €53,464
- Financial charges +€2,836
up €2,836 (+67.6%), from €4,197 to €7,033
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 | €804,354 | €992,930 | +€188,576 | +23.4% |
| Fixed assets | 21/28 | €708,873 | €936,718 | +€227,845 | +32.1% |
| Tangible fixed assets | 22/27 | €708,873 | €936,718 | +€227,845 | +32.1% |
| Land and buildings | 22 | €708,873 | €936,718 | +€227,845 | +32.1% |
| Current assets | 29/58 | €95,481 | €56,212 | -€39,268 | -41.1% |
| Amounts receivable within one year | 40/41 | €5,476 | €12,187 | +€6,711 | +123% |
| Trade receivables | 40 | €2,546 | €9,598 | +€7,052 | +277% |
| Other amounts receivable | 41 | €2,930 | €2,588 | -€342 | -11.7% |
| Current investments | 50/53 | €76,930 | €30,316 | -€46,614 | -60.6% |
| Cash at bank and in hand | 54/58 | €12,846 | €13,282 | +€436 | +3.4% |
| Deferred charges and accrued income | 490/1 | €229 | €428 | +€199 | +87.0% |
| Total equity and liabilities | 10/49 | €804,354 | €992,930 | +€188,576 | +23.4% |
| Equity | 10/15 | €369,968 | €414,370 | +€44,402 | +12.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €329,968 | €374,370 | +€44,402 | +13.5% |
| Distributable reserves | 133 | €329,968 | €374,370 | +€44,402 | +13.5% |
| Amounts payable | 17/49 | €434,385 | €578,560 | +€144,175 | +33.2% |
| Amounts payable after more than one year | 17 | €347,225 | €457,560 | +€110,335 | +31.8% |
| Financial debts | 170/4 | €347,225 | €457,560 | +€110,335 | +31.8% |
| Amounts payable within one year | 42/48 | €86,661 | €120,100 | +€33,439 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €59,292 | €82,340 | +€23,048 | +38.9% |
| Trade debts | 44 | €4,566 | €13,280 | +€8,714 | +191% |
| Suppliers | 440/4 | €4,566 | €13,280 | +€8,714 | +191% |
| Taxes, remuneration and social security | 45 | €22,802 | €23,980 | +€1,178 | +5.2% |
| Taxes | 450/3 | €16,911 | €18,476 | +€1,565 | +9.3% |
| Remuneration and social security | 454/9 | €5,892 | €5,504 | -€387 | -6.6% |
| Other amounts payable | 47/48 | €0 | €500 | +€500 | |
| Accrued charges and deferred income | 492/3 | €500 | €900 | +€400 | +80.0% |
| Remuneration, social security and pensions | 62 | €49,710 | €53,464 | +€3,754 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,925 | €40,368 | +€20,443 | +103% |
| Other operating charges | 640/8 | €4,449 | €6,335 | +€1,887 | +42.4% |
| Gross operating margin | 9900 | €186,571 | €165,956 | -€20,615 | -11.0% |
| Operating profit (loss) | 9901 | €112,487 | €65,790 | -€46,698 | -41.5% |
| Financial income | 75/76B | €1,915 | €552 | -€1,363 | -71.2% |
| Recurring financial income | 75 | €1,915 | €552 | -€1,363 | -71.2% |
| Financial charges | 65/66B | €4,197 | €7,033 | +€2,836 | +67.6% |
| Recurring financial charges | 65 | €4,197 | €7,033 | +€2,836 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €110,205 | €59,308 | -€50,897 | -46.2% |
| Income taxes | 67/77 | €27,946 | €14,907 | -€13,039 | -46.7% |
| Profit (loss) for the period | 9904 | €82,259 | €44,402 | -€37,857 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,259 | €44,402 | -€37,857 | -46.0% |
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 22 October 2026 via checked.be.