HET VASTELAND: what changed
What changed
HET VASTELAND
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€101,912
2024 · €73,737+€28,175
Equity
€415,268
2024 · €370,387+€44,880
Cash
€273,327
2024 · €96,460+€176,867
Balance sheet total
€757,970
2024 · €662,727+€95,243
Largest movements
Assets
- Cash +€176,867
up €176,867 (+183%), from €96,460 to €273,327
mainly Net result for the year (+€101,912) and Other debts (+€55,981)
- Current investments -€44,326
down €44,326 (-38.2%), from €115,989 to €71,663
- Receivables within one year -€28,959
down €28,959 (-51.5%), from €56,188 to €27,229
of which Trade receivables: -€23,211
Equity and liabilities
- Other debts +€55,981
up €55,981 (+5,327%), from €1,051 to €57,032
- Reserves +€44,880
up €44,880 (+12.1%), from €369,387 to €414,268
- Debts after one year -€21,373
down €21,373 (-8.6%), from €249,269 to €227,896
- Trade debts +€9,218
up €9,218 (+661%), from €1,395 to €10,613
- Tax, wage and social debts +€9,049
up €9,049 (+54.1%), from €16,739 to €25,788
Income statement
- Gross operating margin +€26,115
up €26,115 (+21.4%), from €121,985 to €148,100
- Financial income +€11,393
up €11,393 (+550%), from €2,072 to €13,465
- Taxes +€8,243
up €8,243 (+26.8%), from €30,701 to €38,944
- Depreciation +€1,773
up €1,773 (+13.4%), from €13,211 to €14,984
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
€73,737
Gross operating margin
+€26,115
Depreciation
-€1,773
Other operating charges
+€145
Financial income
+€11,393
Financial charges
+€538
Taxes
-€8,243
Result 2025
€101,912
raises the resultlowers the result
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
+€224,700
Investment
+€32,763
Financing
-€80,596
Cash 2024
€96,460
From operations (derived)
+€224,700
Net result for the year
+€101,912
Depreciation
+€14,984
Receivables within one year
+€28,959
Deferred charges and accrued income
+€4,919
Trade debts
+€9,218
Tax, wage and social debts
+€9,049
Other debts
+€55,981
Accrued charges and deferred income
-€321
Investment (derived)
+€32,763
Investment in fixed assets (net)
-€11,563
Current investments
+€44,326
Financing
-€80,596
Debts after one year
-€21,373
Current portion of long-term debt
+€314
Short-term financial debts
-€2,505
Contributions, distributions and other
-€57,032
Cash 2025
€273,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,727 | €757,970 | +€95,243 | +14.4% |
| Fixed assets | 21/28 | €380,197 | €376,776 | -€3,421 | -0.9% |
| Tangible fixed assets | 22/27 | €380,197 | €376,776 | -€3,421 | -0.9% |
| Land and buildings | 22 | €349,126 | €344,480 | -€4,646 | -1.3% |
| Plant, machinery and equipment | 23 | €5,570 | €3,728 | -€1,842 | -33.1% |
| Furniture and vehicles | 24 | €21,077 | €24,143 | +€3,067 | +14.6% |
| Other tangible fixed assets | 26 | €4,425 | €4,425 | = | 0.0% |
| Current assets | 29/58 | €282,530 | €381,194 | +€98,664 | +34.9% |
| Amounts receivable within one year | 40/41 | €56,188 | €27,229 | -€28,959 | -51.5% |
| Trade receivables | 40 | €47,392 | €24,181 | -€23,211 | -49.0% |
| Other amounts receivable | 41 | €8,796 | €3,048 | -€5,747 | -65.3% |
| Current investments | 50/53 | €115,989 | €71,663 | -€44,326 | -38.2% |
| Cash at bank and in hand | 54/58 | €96,460 | €273,327 | +€176,867 | +183% |
| Deferred charges and accrued income | 490/1 | €13,894 | €8,975 | -€4,919 | -35.4% |
| Total equity and liabilities | 10/49 | €662,727 | €757,970 | +€95,243 | +14.4% |
| Equity | 10/15 | €370,387 | €415,268 | +€44,880 | +12.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €369,387 | €414,268 | +€44,880 | +12.1% |
| Distributable reserves | 133 | €369,387 | €414,268 | +€44,880 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €292,340 | €342,702 | +€50,362 | +17.2% |
| Amounts payable after more than one year | 17 | €249,269 | €227,896 | -€21,373 | -8.6% |
| Financial debts | 170/4 | €249,269 | €227,896 | -€21,373 | -8.6% |
| Amounts payable within one year | 42/48 | €42,750 | €114,806 | +€72,057 | +169% |
| Current portion of amounts payable after more than one year | 42 | €21,060 | €21,373 | +€314 | +1.5% |
| Financial debts | 43 | €2,505 | €0 | -€2,505 | -100% |
| Credit institutions | 430/8 | €2,505 | €0 | -€2,505 | -100% |
| Trade debts | 44 | €1,395 | €10,613 | +€9,218 | +661% |
| Suppliers | 440/4 | €1,395 | €10,613 | +€9,218 | +661% |
| Taxes, remuneration and social security | 45 | €16,739 | €25,788 | +€9,049 | +54.1% |
| Taxes | 450/3 | €16,739 | €25,788 | +€9,049 | +54.1% |
| Other amounts payable | 47/48 | €1,051 | €57,032 | +€55,981 | +5,327% |
| Accrued charges and deferred income | 492/3 | €321 | €0 | -€321 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,211 | €14,984 | +€1,773 | +13.4% |
| Other operating charges | 640/8 | €1,931 | €1,787 | -€145 | -7.5% |
| Gross operating margin | 9900 | €121,985 | €148,100 | +€26,115 | +21.4% |
| Operating profit (loss) | 9901 | €106,843 | €131,330 | +€24,487 | +22.9% |
| Financial income | 75/76B | €2,072 | €13,465 | +€11,393 | +550% |
| Recurring financial income | 75 | €2,072 | €13,465 | +€11,393 | +550% |
| Financial charges | 65/66B | €4,477 | €3,939 | -€538 | -12.0% |
| Recurring financial charges | 65 | €4,477 | €3,939 | -€538 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €104,438 | €140,856 | +€36,418 | +34.9% |
| Income taxes | 67/77 | €30,701 | €38,944 | +€8,243 | +26.8% |
| Profit (loss) for the period | 9904 | €73,737 | €101,912 | +€28,175 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,737 | €101,912 | +€28,175 | +38.2% |
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 2 November 2026 via checked.be.