HOUSING VASTGOED: what changed
What changed
HOUSING VASTGOED
filed annual accounts (NBB)
Net result for the year
€22,398
2024 · €28,628-€6,230
Equity
€151,732
2024 · €129,333+€22,398
Cash
€47,712
2024 · €47,989-€277
Balance sheet total
€692,231
2024 · €714,600-€22,368
Largest movements
Assets
- Tangible fixed assets -€21,665
down €21,665 (-3.3%), from €665,905 to €644,240
Equity and liabilities
- Debts after one year -€50,985
down €50,985 (-11.9%), from €427,283 to €376,298
- Reserves +€22,398
up €22,398 (+56.9%), from €39,333 to €61,732
Income statement
- Gross operating margin -€11,453
down €11,453 (-11.6%), from €98,885 to €87,432
- Taxes -€2,896
down €2,896 (-21.7%), from €13,360 to €10,464
- Financial charges -€2,733
down €2,733 (-14.6%), from €18,753 to €16,020
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
€28,628
Gross operating margin
-€11,453
Other operating charges
-€406
Financial charges
+€2,733
Taxes
+€2,896
Result 2025
€22,398
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
+€49,724
Investment
€0
Financing
-€50,001
Cash 2024
€47,989
From operations (derived)
+€49,724
Net result for the year
+€22,398
Depreciation
+€21,665
Receivables within one year
+€213
Deferred charges and accrued income
+€214
Trade debts
-€2,276
Tax, wage and social debts
+€2,964
Other debts
+€5,895
Accrued charges and deferred income
-€1,348
Financing
-€50,001
Debts after one year
-€50,985
Current portion of long-term debt
+€984
Cash 2025
€47,712
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,600 | €692,231 | -€22,368 | -3.1% |
| Fixed assets | 21/28 | €665,905 | €644,240 | -€21,665 | -3.3% |
| Tangible fixed assets | 22/27 | €665,905 | €644,240 | -€21,665 | -3.3% |
| Land and buildings | 22 | €665,905 | €644,240 | -€21,665 | -3.3% |
| Current assets | 29/58 | €48,695 | €47,992 | -€703 | -1.4% |
| Amounts receivable within one year | 40/41 | €493 | €280 | -€213 | -43.2% |
| Trade receivables | 40 | €461 | €280 | -€181 | -39.2% |
| Other amounts receivable | 41 | €32 | €0 | -€32 | -100% |
| Cash at bank and in hand | 54/58 | €47,989 | €47,712 | -€277 | -0.6% |
| Deferred charges and accrued income | 490/1 | €214 | €0 | -€214 | -100% |
| Total equity and liabilities | 10/49 | €714,600 | €692,231 | -€22,368 | -3.1% |
| Equity | 10/15 | €129,333 | €151,732 | +€22,398 | +17.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €39,333 | €61,732 | +€22,398 | +56.9% |
| Distributable reserves | 133 | €39,333 | €61,732 | +€22,398 | +56.9% |
| Amounts payable | 17/49 | €585,266 | €540,500 | -€44,767 | -7.6% |
| Amounts payable after more than one year | 17 | €427,283 | €376,298 | -€50,985 | -11.9% |
| Financial debts | 170/4 | €427,283 | €376,298 | -€50,985 | -11.9% |
| Amounts payable within one year | 42/48 | €149,470 | €157,037 | +€7,566 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €50,001 | €50,985 | +€984 | +2.0% |
| Trade debts | 44 | €2,554 | €278 | -€2,276 | -89.1% |
| Suppliers | 440/4 | €2,554 | €278 | -€2,276 | -89.1% |
| Taxes, remuneration and social security | 45 | €2,360 | €5,324 | +€2,964 | +126% |
| Taxes | 450/3 | €2,360 | €5,324 | +€2,964 | +126% |
| Other amounts payable | 47/48 | €94,555 | €100,450 | +€5,895 | +6.2% |
| Accrued charges and deferred income | 492/3 | €8,513 | €7,165 | -€1,348 | -15.8% |
| Non-recurring operating income | 76A | €16,750 | €0 | -€16,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,665 | €21,665 | = | 0.0% |
| Other operating charges | 640/8 | €16,479 | €16,884 | +€406 | +2.5% |
| Gross operating margin | 9900 | €98,885 | €87,432 | -€11,453 | -11.6% |
| Operating profit (loss) | 9901 | €60,742 | €48,882 | -€11,859 | -19.5% |
| Financial charges | 65/66B | €18,753 | €16,020 | -€2,733 | -14.6% |
| Recurring financial charges | 65 | €18,753 | €16,020 | -€2,733 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €41,988 | €32,862 | -€9,126 | -21.7% |
| Income taxes | 67/77 | €13,360 | €10,464 | -€2,896 | -21.7% |
| Profit (loss) for the period | 9904 | €28,628 | €22,398 | -€6,230 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,628 | €22,398 | -€6,230 | -21.8% |
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 6 November 2026 via checked.be.