INTERIM VASTGOEDBEHEER: 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.
INTERIM VASTGOEDBEHEER
Largest movements
- Tangible fixed assets +€134,952
up €134,952 (+82.9%), from €162,725 to €297,677
of which Other tangible fixed assets: +€202,446
- Receivables within one year +€69,540
up €69,540 (+7.8%), from €891,921 to €961,461
of which Trade receivables: +€172,771
- Financial fixed assets +€64,729
up €64,729 (+79.8%), from €81,068 to €145,796
- Cash +€47,414
up €47,414 (+20.2%), from €235,088 to €282,502
mainly Net result for the year (+€147,720) and Trade debts (+€112,491)
- Deferred charges and accrued income +€25,566
up €25,566 (+35.0%), from €72,956 to €98,522
- Profit (loss) carried forward +€147,720
up €147,720 (+73.6%), from €200,780 to €348,501
- Trade debts +€112,491
up €112,491 (+36.6%), from €307,667 to €420,159
- Other debts +€89,994
up €89,994 (+26.8%), from €335,987 to €425,980
- Gross operating margin +€238,024
up €238,024 (+31.1%), from €764,381 to €1.0m
- Staff costs +€64,187
up €64,187 (+12.9%), from €496,282 to €560,469
- Taxes +€34,374
up €34,374 (+240%), from €14,322 to €48,695
- Depreciation +€19,727
up €19,727 (+59.2%), from €33,329 to €53,056
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 | €1,443,758 | €1,785,959 | +€342,201 | +23.7% |
| Fixed assets | 21/28 | €243,793 | €443,473 | +€199,681 | +81.9% |
| Tangible fixed assets | 22/27 | €162,725 | €297,677 | +€134,952 | +82.9% |
| Plant, machinery and equipment | 23 | €4,864 | €5,377 | +€513 | +10.6% |
| Furniture and vehicles | 24 | €104,329 | €89,854 | -€14,475 | -13.9% |
| Other tangible fixed assets | 26 | €0 | €202,446 | +€202,446 | |
| Assets under construction and advance payments | 27 | €53,533 | €0 | -€53,533 | -100% |
| Financial fixed assets | 28 | €81,068 | €145,796 | +€64,729 | +79.8% |
| Current assets | 29/58 | €1,199,965 | €1,342,485 | +€142,520 | +11.9% |
| Amounts receivable within one year | 40/41 | €891,921 | €961,461 | +€69,540 | +7.8% |
| Trade receivables | 40 | €212,724 | €385,494 | +€172,771 | +81.2% |
| Other amounts receivable | 41 | €679,198 | €575,967 | -€103,231 | -15.2% |
| Cash at bank and in hand | 54/58 | €235,088 | €282,502 | +€47,414 | +20.2% |
| Deferred charges and accrued income | 490/1 | €72,956 | €98,522 | +€25,566 | +35.0% |
| Total equity and liabilities | 10/49 | €1,443,758 | €1,785,959 | +€342,201 | +23.7% |
| Equity | 10/15 | €219,380 | €367,101 | +€147,720 | +67.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,780 | €348,501 | +€147,720 | +73.6% |
| Amounts payable | 17/49 | €1,224,377 | €1,418,858 | +€194,481 | +15.9% |
| Amounts payable within one year | 42/48 | €791,453 | €978,601 | +€187,149 | +23.6% |
| Trade debts | 44 | €307,667 | €420,159 | +€112,491 | +36.6% |
| Suppliers | 440/4 | €307,667 | €420,159 | +€112,491 | +36.6% |
| Taxes, remuneration and social security | 45 | €147,799 | €132,462 | -€15,336 | -10.4% |
| Taxes | 450/3 | €92,196 | €74,563 | -€17,633 | -19.1% |
| Remuneration and social security | 454/9 | €55,602 | €57,899 | +€2,296 | +4.1% |
| Other amounts payable | 47/48 | €335,987 | €425,980 | +€89,994 | +26.8% |
| Accrued charges and deferred income | 492/3 | €432,925 | €440,257 | +€7,333 | +1.7% |
| Non-recurring operating income | 76A | €3,293 | €9,255 | +€5,962 | +181% |
| Remuneration, social security and pensions | 62 | €496,282 | €560,469 | +€64,187 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,329 | €53,056 | +€19,727 | +59.2% |
| Other operating charges | 640/8 | €191,754 | €193,705 | +€1,950 | +1.0% |
| Non-recurring operating charges | 66A | €35,597 | €6,009 | -€29,588 | -83.1% |
| Gross operating margin | 9900 | €764,381 | €1,002,405 | +€238,024 | +31.1% |
| Operating profit (loss) | 9901 | €7,418 | €189,166 | +€181,748 | +2,450% |
| Financial income | 75/76B | €10,038 | €9,435 | -€603 | -6.0% |
| Recurring financial income | 75 | €10,038 | €9,435 | -€603 | -6.0% |
| Financial charges | 65/66B | €6,344 | €2,185 | -€4,159 | -65.6% |
| Recurring financial charges | 65 | €6,344 | €2,185 | -€4,159 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €11,112 | €196,416 | +€185,304 | +1,668% |
| Income taxes | 67/77 | €14,322 | €48,695 | +€34,374 | +240% |
| Profit (loss) for the period | 9904 | -€3,210 | €147,720 | +€150,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,210 | €147,720 | +€150,930 |
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 28 October 2026 via checked.be.