HERMAN VASTGOED: what changed
What changed
HERMAN VASTGOED
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
€3,265
2024 · €1,802+€1,463
Equity
€316,610
2024 · €313,345+€3,265
Cash
€61,811
2024 · €34,971+€26,841
Balance sheet total
€2.6m
2024 · €2.5m+€139,454
Largest movements
Assets
- Tangible fixed assets +€123,102
up €123,102 (+5.4%), from €2.3m to €2.4m
- Cash +€26,841
up €26,841 (+76.8%), from €34,971 to €61,811
mainly Current portion of long-term debt (+€215,193) and Depreciation (+€51,793)
Equity and liabilities
- Current portion of long-term debt +€215,193
up €215,193 (+46.1%), from €466,547 to €681,740
- Trade debts -€49,453
down €49,453 (-7.0%), from €709,433 to €659,981
- Debts after one year -€36,203
down €36,203 (-3.8%), from €942,882 to €906,679
Income statement
- Gross operating margin +€67,150
up €67,150 (+250%), from €26,838 to €93,988
- Depreciation +€24,497
up €24,497 (+89.7%), from €27,296 to €51,793
- Financial charges +€22,387
up €22,387 (+97.3%), from €23,003 to €45,390
- Financial income -€11,052
down €11,052 (-42.2%), from €26,188 to €15,137
- Other operating charges +€7,514
up €7,514 (+620%), from €1,213 to €8,727
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
€1,802
Gross operating margin
+€67,150
Depreciation
-€24,497
Other operating charges
-€7,514
Financial income
-€11,052
Financial charges
-€22,387
Taxes
+€5,129
Deferred taxes and other
-€5,367
Result 2025
€3,265
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
+€22,663
Investment
-€174,895
Financing
+€179,073
Cash 2024
€34,971
From operations (derived)
+€22,663
Net result for the year
+€3,265
Depreciation
+€51,793
Stocks and contracts
+€24,338
Smaller working-capital items
+€250
Deferred charges and accrued income
-€14,149
Trade debts
-€49,453
Tax, wage and social debts
+€6,619
Investment (derived)
-€174,895
Investment in fixed assets (net)
-€174,895
Financing
+€179,073
Debts after one year
-€36,203
Current portion of long-term debt
+€215,193
Short-term financial debts
+€84
Cash 2025
€61,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,456,574 | €2,596,029 | +€139,454 | +5.7% |
| Fixed assets | 21/28 | €2,298,333 | €2,421,435 | +€123,102 | +5.4% |
| Tangible fixed assets | 22/27 | €2,295,333 | €2,418,435 | +€123,102 | +5.4% |
| Land and buildings | 22 | €2,295,333 | €2,418,435 | +€123,102 | +5.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €158,242 | €174,594 | +€16,352 | +10.3% |
| Stocks and contracts in progress | 3 | €87,865 | €63,527 | -€24,338 | -27.7% |
| Stocks | 30/36 | €87,865 | €63,527 | -€24,338 | -27.7% |
| Amounts receivable within one year | 40/41 | €34,555 | €34,255 | -€300 | -0.9% |
| Trade receivables | 40 | €31,394 | €31,753 | +€358 | +1.1% |
| Other amounts receivable | 41 | €3,161 | €2,503 | -€658 | -20.8% |
| Cash at bank and in hand | 54/58 | €34,971 | €61,811 | +€26,841 | +76.8% |
| Deferred charges and accrued income | 490/1 | €851 | €15,000 | +€14,149 | +1,663% |
| Total equity and liabilities | 10/49 | €2,456,574 | €2,596,029 | +€139,454 | +5.7% |
| Equity | 10/15 | €313,345 | €316,610 | +€3,265 | +1.0% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Reserves | 13 | €150 | €0 | -€150 | -100% |
| Tax-exempt reserves | 132 | €150 | €0 | -€150 | -100% |
| Profit (loss) carried forward | 14 | €205,195 | €208,610 | +€3,415 | +1.7% |
| Provisions and deferred taxes | 16 | €50 | €0 | -€50 | -100% |
| Deferred taxes | 168 | €50 | €0 | -€50 | -100% |
| Amounts payable | 17/49 | €2,143,179 | €2,279,419 | +€136,240 | +6.4% |
| Amounts payable after more than one year | 17 | €942,882 | €906,679 | -€36,203 | -3.8% |
| Financial debts | 170/4 | €942,882 | €906,679 | -€36,203 | -3.8% |
| Amounts payable within one year | 42/48 | €1,200,297 | €1,372,740 | +€172,443 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €466,547 | €681,740 | +€215,193 | +46.1% |
| Financial debts | 43 | - | €84 | +€84 | |
| Credit institutions | 430/8 | - | €84 | +€84 | |
| Trade debts | 44 | €709,433 | €659,981 | -€49,453 | -7.0% |
| Suppliers | 440/4 | €709,433 | €659,981 | -€49,453 | -7.0% |
| Taxes, remuneration and social security | 45 | - | €6,619 | +€6,619 | |
| Taxes | 450/3 | - | €6,619 | +€6,619 | |
| Other amounts payable | 47/48 | €24,316 | €24,316 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,296 | €51,793 | +€24,497 | +89.7% |
| Other operating charges | 640/8 | €1,213 | €8,727 | +€7,514 | +620% |
| Gross operating margin | 9900 | €26,838 | €93,988 | +€67,150 | +250% |
| Operating profit (loss) | 9901 | -€1,671 | €33,468 | +€35,139 | |
| Financial income | 75/76B | €26,188 | €15,137 | -€11,052 | -42.2% |
| Recurring financial income | 75 | €26,188 | €15,137 | -€11,052 | -42.2% |
| Financial charges | 65/66B | €23,003 | €45,390 | +€22,387 | +97.3% |
| Recurring financial charges | 65 | €23,003 | €45,390 | +€22,387 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €1,514 | €3,215 | +€1,701 | +112% |
| Transfer from deferred taxes | 780 | €5,417 | €50 | -€5,367 | -99.1% |
| Income taxes | 67/77 | €5,129 | €0 | -€5,129 | -100% |
| Profit (loss) for the period | 9904 | €1,802 | €3,265 | +€1,463 | +81.2% |
| Transfer from tax-exempt reserves | 789 | €16,250 | €150 | -€16,100 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,052 | €3,415 | -€14,637 | -81.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.