HET VASTGOEDHUIS: 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.
HET VASTGOEDHUIS
Largest movements
- Tangible fixed assets -€36,695
down €36,695 (-4.0%), from €917,340 to €880,645
of which Land and buildings: -€36,392
- Receivables within one year +€18,715
up €18,715 (+27.4%), from €68,240 to €86,956
- Debts after one year -€62,518
down €62,518 (-21.7%), from €287,891 to €225,374
- Other debts +€47,406
up €47,406 (+11.0%), from €430,287 to €477,694
- Reserves +€12,782
up €12,782 (+14.5%), from €88,374 to €101,157
- Current portion of long-term debt -€11,816
down €11,816 (-15.9%), from €74,318 to €62,502
- Financial charges -€3,909
down €3,909 (-14.2%), from €27,432 to €23,524
- Gross operating margin -€2,579
down €2,579 (-3.0%), from €86,692 to €84,113
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €987,575 | €973,193 | -€14,383 | -1.5% |
| Fixed assets | 21/28 | €918,010 | €881,315 | -€36,695 | -4.0% |
| Tangible fixed assets | 22/27 | €917,340 | €880,645 | -€36,695 | -4.0% |
| Land and buildings | 22 | €912,432 | €876,040 | -€36,392 | -4.0% |
| Plant, machinery and equipment | 23 | €4,908 | €4,605 | -€303 | -6.2% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €69,565 | €91,878 | +€22,312 | +32.1% |
| Amounts receivable within one year | 40/41 | €68,240 | €86,956 | +€18,715 | +27.4% |
| Trade receivables | 40 | €68,240 | €86,956 | +€18,715 | +27.4% |
| Cash at bank and in hand | 54/58 | €457 | €137 | -€319 | -69.9% |
| Deferred charges and accrued income | 490/1 | €868 | €4,785 | +€3,916 | +451% |
| Total equity and liabilities | 10/49 | €987,575 | €973,193 | -€14,383 | -1.5% |
| Equity | 10/15 | €168,250 | €181,033 | +€12,782 | +7.6% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €88,374 | €101,157 | +€12,782 | +14.5% |
| Distributable reserves | 133 | €88,374 | €101,157 | +€12,782 | +14.5% |
| Profit (loss) carried forward | 14 | €42,876 | €42,876 | = | 0.0% |
| Amounts payable | 17/49 | €819,325 | €792,160 | -€27,165 | -3.3% |
| Amounts payable after more than one year | 17 | €287,891 | €225,374 | -€62,518 | -21.7% |
| Financial debts | 170/4 | €287,891 | €225,374 | -€62,518 | -21.7% |
| Amounts payable within one year | 42/48 | €530,794 | €566,557 | +€35,762 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €74,318 | €62,502 | -€11,816 | -15.9% |
| Financial debts | 43 | €7,961 | €5,765 | -€2,196 | -27.6% |
| Credit institutions | 430/8 | €7,961 | €5,765 | -€2,196 | -27.6% |
| Trade debts | 44 | €7,071 | €9,145 | +€2,074 | +29.3% |
| Suppliers | 440/4 | €7,071 | €9,145 | +€2,074 | +29.3% |
| Taxes, remuneration and social security | 45 | €11,156 | €11,451 | +€295 | +2.6% |
| Taxes | 450/3 | €11,156 | €11,451 | +€295 | +2.6% |
| Other amounts payable | 47/48 | €430,287 | €477,694 | +€47,406 | +11.0% |
| Accrued charges and deferred income | 492/3 | €639 | €230 | -€410 | -64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,006 | €36,695 | -€311 | -0.8% |
| Other operating charges | 640/8 | €6,737 | €6,191 | -€546 | -8.1% |
| Gross operating margin | 9900 | €86,692 | €84,113 | -€2,579 | -3.0% |
| Operating profit (loss) | 9901 | €42,948 | €41,227 | -€1,721 | -4.0% |
| Financial income | 75/76B | €0 | €174 | +€174 | |
| Recurring financial income | 75 | €0 | €174 | +€174 | |
| Financial charges | 65/66B | €27,432 | €23,524 | -€3,909 | -14.2% |
| Recurring financial charges | 65 | €27,432 | €23,524 | -€3,909 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €15,516 | €17,877 | +€2,361 | +15.2% |
| Income taxes | 67/77 | €4,585 | €5,095 | +€510 | +11.1% |
| Profit (loss) for the period | 9904 | €10,931 | €12,782 | +€1,851 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,931 | €12,782 | +€1,851 | +16.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.