LD-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.
LD-VASTGOED
Largest movements
- Receivables within one year -€73,954
down €73,954 (-91.3%), from €80,971 to €7,017
of which Trade receivables: -€53,176
- Tangible fixed assets +€46,982
up €46,982 (+70.9%), from €66,235 to €113,217
of which Furniture and vehicles: +€56,538
- Intangible fixed assets +€32,488
new in 2025: €32,488
- Cash +€27,703
up €27,703 (+45.6%), from €60,771 to €88,474
mainly Receivables within one year (+€73,954) and Other debts (+€63,423)
- Deferred charges and accrued income -€4,577
down €4,577 (-60.9%), from €7,517 to €2,940
- Other debts +€63,423
new in 2025: €63,423
- Reserves -€49,584
down €49,584 (-27.6%), from €179,532 to €129,948
- Trade debts +€11,116
up €11,116 (+645%), from €1,724 to €12,840
- Accrued charges and deferred income +€3,206
up €3,206, from €0 to €3,206
- Gross operating margin +€50,436
up €50,436 (+444%), from €11,352 to €61,788
- Depreciation +€11,166
up €11,166 (+68.0%), from €16,414 to €27,579
- Taxes +€8,971
up €8,971 (+553%), from €1,621 to €10,592
- Financial income -€729
down €729 (-73.4%), from €993 to €264
- Financial charges +€723
up €723 (+733%), from €99 to €821
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 | €215,494 | €244,136 | +€28,642 | +13.3% |
| Fixed assets | 21/28 | €66,235 | €145,705 | +€79,470 | +120% |
| Intangible fixed assets | 21 | - | €32,488 | +€32,488 | |
| Tangible fixed assets | 22/27 | €66,235 | €113,217 | +€46,982 | +70.9% |
| Furniture and vehicles | 24 | €9,591 | €66,129 | +€56,538 | +589% |
| Other tangible fixed assets | 26 | €56,644 | €47,088 | -€9,556 | -16.9% |
| Current assets | 29/58 | €149,259 | €98,431 | -€50,828 | -34.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €80,971 | €7,017 | -€73,954 | -91.3% |
| Trade receivables | 40 | €60,192 | €7,017 | -€53,176 | -88.3% |
| Other amounts receivable | 41 | €20,778 | €0 | -€20,778 | -100% |
| Cash at bank and in hand | 54/58 | €60,771 | €88,474 | +€27,703 | +45.6% |
| Deferred charges and accrued income | 490/1 | €7,517 | €2,940 | -€4,577 | -60.9% |
| Total equity and liabilities | 10/49 | €215,494 | €244,136 | +€28,642 | +13.3% |
| Equity | 10/15 | €198,402 | €148,818 | -€49,584 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,532 | €129,948 | -€49,584 | -27.6% |
| Distributable reserves | 133 | €179,532 | €129,948 | -€49,584 | -27.6% |
| Profit (loss) carried forward | 14 | €270 | €270 | = | 0.0% |
| Amounts payable | 17/49 | €17,093 | €95,318 | +€78,226 | +458% |
| Amounts payable within one year | 42/48 | €17,093 | €92,112 | +€75,019 | +439% |
| Financial debts | 43 | €18 | €21 | +€3 | +16.7% |
| Credit institutions | 430/8 | €18 | €21 | +€3 | +16.7% |
| Trade debts | 44 | €1,724 | €12,840 | +€11,116 | +645% |
| Suppliers | 440/4 | €1,724 | €12,840 | +€11,116 | +645% |
| Taxes, remuneration and social security | 45 | €15,351 | €15,829 | +€478 | +3.1% |
| Taxes | 450/3 | €15,351 | €15,829 | +€478 | +3.1% |
| Other amounts payable | 47/48 | - | €63,423 | +€63,423 | |
| Accrued charges and deferred income | 492/3 | €0 | €3,206 | +€3,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,414 | €27,579 | +€11,166 | +68.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,434 | €1,643 | +€209 | +14.5% |
| Gross operating margin | 9900 | €11,352 | €61,788 | +€50,436 | +444% |
| Operating profit (loss) | 9901 | -€6,496 | €32,566 | +€39,062 | |
| Financial income | 75/76B | €993 | €264 | -€729 | -73.4% |
| Recurring financial income | 75 | €993 | €264 | -€729 | -73.4% |
| Financial charges | 65/66B | €99 | €821 | +€723 | +733% |
| Recurring financial charges | 65 | €99 | €821 | +€723 | +733% |
| Profit (loss) for the period before taxes | 9903 | -€5,602 | €32,008 | +€37,610 | |
| Income taxes | 67/77 | €1,621 | €10,592 | +€8,971 | +553% |
| Profit (loss) for the period | 9904 | -€7,223 | €21,416 | +€28,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,223 | €21,416 | +€28,639 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.