IK 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.
IK VASTGOED
Largest movements
- Tangible fixed assets +€622,883
up €622,883 (+137%), from €453,285 to €1.1m
of which Land and buildings: +€622,883
- Stocks and contracts -€135,821
down €135,821 (-23.5%), from €578,137 to €442,316
- Receivables after one year -€117,457
down €117,457 (-100%), from €117,457 to €0
- Cash +€25,775
up €25,775 (+1,177%), from €2,191 to €27,966
mainly Debts after one year (+€405,316) and Stocks and contracts (+€135,821)
- Debts after one year +€405,316
up €405,316 (+53.6%), from €755,503 to €1.2m
of which Financial debts: +€404,732
- Short-term financial debts -€52,133
down €52,133 (-16.9%), from €308,133 to €256,000
- Trade debts +€38,757
up €38,757 (+8,355%), from €464 to €39,221
- Depreciation +€30,911
up €30,911 (+257%), from €12,028 to €42,939
- Gross operating margin +€9,109
up €9,109 (+9.5%), from €95,426 to €104,535
- Taxes -€5,946
down €5,946 (-87.9%), from €6,763 to €817
- Financial charges +€4,391
up €4,391 (+7.7%), from €56,994 to €61,385
of which Financial charges: +€4,391
- Financial income +€2,653
up €2,653 (+89.3%), from €2,972 to €5,625
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,154,833 | €1,556,805 | +€401,973 | +34.8% |
| Fixed assets | 21/28 | €453,285 | €1,076,168 | +€622,883 | +137% |
| Tangible fixed assets | 22/27 | €453,285 | €1,076,168 | +€622,883 | +137% |
| Land and buildings | 22 | €453,285 | €1,076,168 | +€622,883 | +137% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €701,547 | €480,637 | -€220,910 | -31.5% |
| Amounts receivable after more than one year | 29 | €117,457 | €0 | -€117,457 | -100% |
| Other amounts receivable | 291 | €117,457 | €0 | -€117,457 | -100% |
| Stocks and contracts in progress | 3 | €578,137 | €442,316 | -€135,821 | -23.5% |
| Stocks | 30/36 | €578,137 | €442,316 | -€135,821 | -23.5% |
| Amounts receivable within one year | 40/41 | €3,416 | €10,029 | +€6,613 | +194% |
| Trade receivables | 40 | €774 | €2,609 | +€1,836 | +237% |
| Other amounts receivable | 41 | €2,642 | €7,419 | +€4,777 | +181% |
| Cash at bank and in hand | 54/58 | €2,191 | €27,966 | +€25,775 | +1,177% |
| Deferred charges and accrued income | 490/1 | €347 | €327 | -€20 | -5.7% |
| Total equity and liabilities | 10/49 | €1,154,833 | €1,556,805 | +€401,973 | +34.8% |
| Equity | 10/15 | €67,262 | €68,248 | +€987 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,662 | €49,648 | +€987 | +2.0% |
| Distributable reserves | 133 | €48,662 | €49,648 | +€987 | +2.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,087,571 | €1,488,557 | +€400,986 | +36.9% |
| Amounts payable after more than one year | 17 | €755,503 | €1,160,819 | +€405,316 | +53.6% |
| Financial debts | 170/4 | €755,203 | €1,159,935 | +€404,732 | +53.6% |
| Other amounts payable | 178/9 | €300 | €884 | +€584 | +195% |
| Amounts payable within one year | 42/48 | €331,569 | €327,639 | -€3,930 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €20,328 | €28,739 | +€8,411 | +41.4% |
| Financial debts | 43 | €308,133 | €256,000 | -€52,133 | -16.9% |
| Credit institutions | 430/8 | €308,133 | €256,000 | -€52,133 | -16.9% |
| Trade debts | 44 | €464 | €39,221 | +€38,757 | +8,355% |
| Suppliers | 440/4 | €464 | €39,221 | +€38,757 | +8,355% |
| Taxes, remuneration and social security | 45 | €2,644 | €3,026 | +€382 | +14.4% |
| Taxes | 450/3 | €2,644 | €3,026 | +€382 | +14.4% |
| Other amounts payable | 47/48 | - | €653 | +€653 | |
| Accrued charges and deferred income | 492/3 | €500 | €100 | -€400 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,028 | €42,939 | +€30,911 | +257% |
| Other operating charges | 640/8 | €2,272 | €3,380 | +€1,108 | +48.8% |
| Non-recurring operating charges | 66A | €806 | €0 | -€806 | -100% |
| Gross operating margin | 9900 | €95,426 | €104,535 | +€9,109 | +9.5% |
| Operating profit (loss) | 9901 | €80,320 | €58,216 | -€22,104 | -27.5% |
| Financial income | 75/76B | €2,972 | €5,625 | +€2,653 | +89.3% |
| Recurring financial income | 75 | €2,972 | €5,625 | +€2,653 | +89.3% |
| Financial charges | 65/66B | €56,994 | €61,385 | +€4,391 | +7.7% |
| Recurring financial charges | 65 | €56,994 | €61,385 | +€4,391 | +7.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €26,298 | €2,457 | -€23,842 | -90.7% |
| Income taxes | 67/77 | €6,763 | €817 | -€5,946 | -87.9% |
| Profit (loss) for the period | 9904 | €19,535 | €1,639 | -€17,896 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,535 | €1,639 | -€17,896 | -91.6% |
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.