IR 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.
IR VASTGOED
Largest movements
- Receivables within one year +€381,350
up €381,350 (+15,254%), from €2,500 to €383,850
- Cash +€5,446
up €5,446 (+782%), from €697 to €6,143
mainly Other debts (+€388,342) and Trade debts (+€251)
- Other debts +€388,342
up €388,342 (+647%), from €60,000 to €448,342
- Gross operating margin -€62,646
down €62,646, from €56,176 to -€6,471
- Financial income +€13,850
new in 2025: €13,850
- Financial charges +€7,396
up €7,396 (+606%), from €1,221 to €8,617
- Other operating charges -€643
down €643 (-53.5%), from €1,201 to €558
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 | €83,197 | €469,993 | +€386,796 | +465% |
| Fixed assets | 21/28 | €80,000 | €80,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €3,197 | €389,993 | +€386,796 | +12,100% |
| Amounts receivable within one year | 40/41 | €2,500 | €383,850 | +€381,350 | +15,254% |
| Other amounts receivable | 41 | €2,500 | €383,850 | +€381,350 | +15,254% |
| Cash at bank and in hand | 54/58 | €697 | €6,143 | +€5,446 | +782% |
| Total equity and liabilities | 10/49 | €83,197 | €469,993 | +€386,796 | +465% |
| Equity | 10/15 | €22,223 | €20,427 | -€1,796 | -8.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,777 | -€9,573 | -€1,796 | -23.1% |
| Amounts payable | 17/49 | €60,973 | €449,566 | +€388,593 | +637% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,973 | €449,566 | +€388,593 | +637% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €973 | €1,224 | +€251 | +25.8% |
| Suppliers | 440/4 | €973 | €1,224 | +€251 | +25.8% |
| Other amounts payable | 47/48 | €60,000 | €448,342 | +€388,342 | +647% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €74,080 | €0 | -€74,080 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,201 | €558 | -€643 | -53.5% |
| Gross operating margin | 9900 | €56,176 | -€6,471 | -€62,646 | |
| Operating profit (loss) | 9901 | €54,975 | -€7,029 | -€62,003 | |
| Financial income | 75/76B | - | €13,850 | +€13,850 | |
| Recurring financial income | 75 | - | €13,850 | +€13,850 | |
| Financial charges | 65/66B | €1,221 | €8,617 | +€7,396 | +606% |
| Recurring financial charges | 65 | €1,221 | €8,617 | +€7,396 | +606% |
| Profit (loss) for the period before taxes | 9903 | €53,753 | -€1,796 | -€55,550 | |
| Profit (loss) for the period | 9904 | €53,753 | -€1,796 | -€55,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,753 | -€1,796 | -€55,550 |
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 21 October 2026 via checked.be.