KUST VASTGOED PROJECTS: 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.
KUST VASTGOED PROJECTS
Largest movements
- Stocks and contracts +€196,726
up €196,726 (+20.2%), from €974,936 to €1.2m
- Cash -€104,582
down €104,582 (-99.0%), from €105,593 to €1,012
mainly Stocks and contracts (-€196,726) and Receivables within one year (-€14,157)
- Receivables within one year +€14,157
up €14,157 (+69.4%), from €20,409 to €34,566
- Other debts +€101,750
up €101,750 (+12.4%), from €820,000 to €921,750
- Gross operating margin +€1,130
up €1,130 (+18.2%), from -€6,209 to -€5,079
- Other operating charges -€766
down €766 (-55.5%), from €1,382 to €615
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 | €1,110,939 | €1,217,240 | +€106,301 | +9.6% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €1,100,939 | €1,207,240 | +€106,301 | +9.7% |
| Stocks and contracts in progress | 3 | €974,936 | €1,171,662 | +€196,726 | +20.2% |
| Contracts in progress | 37 | €974,936 | €1,171,662 | +€196,726 | +20.2% |
| Amounts receivable within one year | 40/41 | €20,409 | €34,566 | +€14,157 | +69.4% |
| Other amounts receivable | 41 | €20,409 | €34,566 | +€14,157 | +69.4% |
| Cash at bank and in hand | 54/58 | €105,593 | €1,012 | -€104,582 | -99.0% |
| Total equity and liabilities | 10/49 | €1,110,939 | €1,217,240 | +€106,301 | +9.6% |
| Equity | 10/15 | €192,171 | €186,297 | -€5,875 | -3.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,829 | -€13,703 | -€5,875 | -75.0% |
| Amounts payable | 17/49 | €918,767 | €1,030,944 | +€112,176 | +12.2% |
| Amounts payable within one year | 42/48 | €918,767 | €1,030,944 | +€112,176 | +12.2% |
| Trade debts | 44 | €98,767 | €109,194 | +€10,426 | +10.6% |
| Suppliers | 440/4 | €98,767 | €109,194 | +€10,426 | +10.6% |
| Other amounts payable | 47/48 | €820,000 | €921,750 | +€101,750 | +12.4% |
| Other operating charges | 640/8 | €1,382 | €615 | -€766 | -55.5% |
| Gross operating margin | 9900 | -€6,209 | -€5,079 | +€1,130 | +18.2% |
| Operating profit (loss) | 9901 | -€7,591 | -€5,695 | +€1,896 | +25.0% |
| Financial charges | 65/66B | €238 | €180 | -€58 | -24.2% |
| Recurring financial charges | 65 | €238 | €180 | -€58 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,829 | -€5,875 | +€1,954 | +25.0% |
| Profit (loss) for the period | 9904 | -€7,829 | -€5,875 | +€1,954 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,829 | -€5,875 | +€1,954 | +25.0% |
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 27 October 2026 via checked.be.