GANDS 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.
What changed
GANDS VASTGOED
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€135,753
2024 · €64,695+€71,058
Equity
€2.2m
2024 · €2.1m+€135,753
Cash
€1,131
2024 · €5,740-€4,609
Balance sheet total
€3.6m
2024 · €9.6m-€6.0m
Largest movements
Assets
- Receivables within one year -€6.0m
down €6.0m (-70.3%), from €8.5m to €2.5m
Equity and liabilities
- Other debts -€5.9m
down €5.9m (-83.9%), from €7.0m to €1.1m
- Provisions -€192,823
down €192,823 (-55.5%), from €347,576 to €154,753
- Profit (loss) carried forward +€135,753
new in 2025: €135,753
Income statement
- Services and other goods -€213,650
down €213,650 (-68.6%), from €311,613 to €97,963
- Financial income -€128,224
down €128,224 (-54.4%), from €235,652 to €107,427
- Taxes +€30,357
up €30,357 (+141%), from €21,565 to €51,921
- Provisions -€28,321
down €28,321 (-17.2%), from -€164,502 to -€192,823
- Financial charges +€7,603
up €7,603 (+192%), from €3,954 to €11,557
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.
Result 2024
€64,695
Turnover
-€5,516
Services and other goods
+€213,650
Provisions
+€28,321
Other operating charges
+€787
Financial income
-€128,224
Financial charges
-€7,603
Taxes
-€30,357
Result 2025
€135,753
raises the resultlowers the result
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.
From operations
-€4,609
Investment
€0
Financing
€0
Cash 2024
€5,740
From operations (derived)
-€4,609
Net result for the year
+€135,753
Receivables within one year
+€6.0m
Smaller working-capital items
-€17,447
Provisions
-€192,823
Trade debts
+€15,510
Other debts
-€5.9m
Accrued charges and deferred income
-€72,608
Cash 2025
€1,131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,606,231 | €3,605,564 | -€6.0m | -62.5% |
| Fixed assets | 21/28 | €62,250 | €62,250 | = | 0.0% |
| Financial fixed assets | 28 | €62,250 | €62,250 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €62,250 | €62,250 | = | 0.0% |
| Participating interests | 282 | €62,250 | €62,250 | = | 0.0% |
| Current assets | 29/58 | €9,543,981 | €3,543,314 | -€6.0m | -62.9% |
| Stocks and contracts in progress | 3 | €989,914 | €989,914 | = | 0.0% |
| Stocks | 30/36 | €989,914 | €989,914 | = | 0.0% |
| Property held for sale | 35 | €989,914 | €989,914 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,537,698 | €2,534,495 | -€6.0m | -70.3% |
| Other amounts receivable | 41 | €8,537,698 | €2,534,495 | -€6.0m | -70.3% |
| Cash at bank and in hand | 54/58 | €5,740 | €1,131 | -€4,609 | -80.3% |
| Deferred charges and accrued income | 490/1 | €10,630 | €17,775 | +€7,144 | +67.2% |
| Total equity and liabilities | 10/49 | €9,606,231 | €3,605,564 | -€6.0m | -62.5% |
| Equity | 10/15 | €2,083,118 | €2,218,871 | +€135,753 | +6.5% |
| Contributions | 10/11 | €1,834,931 | €1,834,931 | = | 0.0% |
| Capital | 10 | €1,834,931 | €1,834,931 | = | 0.0% |
| Issued capital | 100 | €1,834,931 | €1,834,931 | = | 0.0% |
| Reserves | 13 | €248,188 | €248,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €183,493 | €183,493 | = | 0.0% |
| Legal reserve | 130 | €183,493 | €183,493 | = | 0.0% |
| Distributable reserves | 133 | €64,695 | €64,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €135,753 | +€135,753 | |
| Provisions and deferred taxes | 16 | €347,576 | €154,753 | -€192,823 | -55.5% |
| Provisions for liabilities and charges | 160/5 | €347,576 | €154,753 | -€192,823 | -55.5% |
| Other liabilities and charges | 164/5 | €347,576 | €154,753 | -€192,823 | -55.5% |
| Amounts payable | 17/49 | €7,175,537 | €1,231,939 | -€5.9m | -82.8% |
| Amounts payable within one year | 42/48 | €7,088,143 | €1,217,154 | -€5.9m | -82.8% |
| Trade debts | 44 | €16,861 | €32,370 | +€15,510 | +92.0% |
| Suppliers | 440/4 | €16,861 | €32,370 | +€15,510 | +92.0% |
| Taxes, remuneration and social security | 45 | €67,065 | €56,763 | -€10,302 | -15.4% |
| Taxes | 450/3 | €67,065 | €56,763 | -€10,302 | -15.4% |
| Other amounts payable | 47/48 | €7,004,218 | €1,128,021 | -€5.9m | -83.9% |
| Accrued charges and deferred income | 492/3 | €87,393 | €14,786 | -€72,608 | -83.1% |
| Operating income | 70/76A | €5,516 | - | -€5,516 | |
| Turnover | 70 | €5,516 | - | -€5,516 | |
| Operating charges | 60/66A | €150,954 | -€91,804 | -€242,758 | |
| Services and other goods | 61 | €311,613 | €97,963 | -€213,650 | -68.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€164,502 | -€192,823 | -€28,321 | -17.2% |
| Other operating charges | 640/8 | €3,844 | €3,056 | -€787 | -20.5% |
| Operating profit (loss) | 9901 | -€145,438 | €91,804 | +€237,242 | |
| Financial income | 75/76B | €235,652 | €107,427 | -€128,224 | -54.4% |
| Recurring financial income | 75 | €235,652 | €107,427 | -€128,224 | -54.4% |
| Income from financial fixed assets | 750 | €235,650 | €107,426 | -€128,224 | -54.4% |
| Income from current assets | 751 | €1 | €1 | -€0 | -33.9% |
| Financial charges | 65/66B | €3,954 | €11,557 | +€7,603 | +192% |
| Recurring financial charges | 65 | €3,954 | €11,557 | +€7,603 | +192% |
| Debt charges | 650 | €1,522 | €8,786 | +€7,264 | +477% |
| Other financial charges | 652/9 | €2,432 | €2,772 | +€340 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €86,259 | €187,674 | +€101,415 | +118% |
| Income taxes | 67/77 | €21,565 | €51,921 | +€30,357 | +141% |
| Taxes | 670/3 | €21,565 | €51,921 | +€30,357 | +141% |
| Profit (loss) for the period | 9904 | €64,695 | €135,753 | +€71,058 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €64,695 | €135,753 | +€71,058 | +110% |
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 29 October 2026 via checked.be.