M & A 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.
M & A VASTGOED
Largest movements
- Stocks and contracts +€67,939
up €67,939 (+44.6%), from €152,208 to €220,147
- Financial fixed assets -€13,900
down €13,900 (-100%), from €13,900 to €0
- Trade debts +€36,177
up €36,177 (+3,219%), from €1,124 to €37,301
- Other debts +€19,224
up €19,224 (+11.7%), from €164,409 to €183,634
- Profit (loss) carried forward -€3,429
down €3,429 (-173%), from -€1,981 to -€5,410
- Gross operating margin -€808
down €808 (-51.7%), from -€1,563 to -€2,372
- Other operating charges +€613
up €613 (+158%), from €387 to €1,000
- Financial charges +€28
up €28 (+91.1%), from €30 to €58
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 | €168,552 | €220,524 | +€51,972 | +30.8% |
| Fixed assets | 21/28 | €13,900 | €0 | -€13,900 | -100% |
| Financial fixed assets | 28 | €13,900 | €0 | -€13,900 | -100% |
| Current assets | 29/58 | €154,652 | €220,524 | +€65,872 | +42.6% |
| Stocks and contracts in progress | 3 | €152,208 | €220,147 | +€67,939 | +44.6% |
| Stocks | 30/36 | €152,208 | €220,147 | +€67,939 | +44.6% |
| Cash at bank and in hand | 54/58 | €2,444 | €377 | -€2,067 | -84.6% |
| Total equity and liabilities | 10/49 | €168,552 | €220,524 | +€51,972 | +30.8% |
| Equity | 10/15 | €3,019 | -€410 | -€3,429 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,981 | -€5,410 | -€3,429 | -173% |
| Amounts payable | 17/49 | €165,533 | €220,934 | +€55,401 | +33.5% |
| Amounts payable within one year | 42/48 | €165,533 | €220,934 | +€55,401 | +33.5% |
| Trade debts | 44 | €1,124 | €37,301 | +€36,177 | +3,219% |
| Suppliers | 440/4 | €1,124 | €37,301 | +€36,177 | +3,219% |
| Other amounts payable | 47/48 | €164,409 | €183,634 | +€19,224 | +11.7% |
| Other operating charges | 640/8 | €387 | €1,000 | +€613 | +158% |
| Gross operating margin | 9900 | -€1,563 | -€2,372 | -€808 | -51.7% |
| Operating profit (loss) | 9901 | -€1,951 | -€3,372 | -€1,421 | -72.8% |
| Financial charges | 65/66B | €30 | €58 | +€28 | +91.1% |
| Recurring financial charges | 65 | €30 | €58 | +€28 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,981 | -€3,429 | -€1,448 | -73.1% |
| Profit (loss) for the period | 9904 | -€1,981 | -€3,429 | -€1,448 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,981 | -€3,429 | -€1,448 | -73.1% |
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 26 October 2026 via checked.be.