NedBel VASTGOED III: 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.
NedBel VASTGOED III
Largest movements
- Stocks and contracts +€232,500
up €232,500 (+15.4%), from €1.5m to €1.7m
- Receivables within one year -€23,502
down €23,502 (-78.2%), from €30,071 to €6,569
of which Other amounts receivable: -€12,817
- Other debts +€225,000
up €225,000 (+13.6%), from €1.7m to €1.9m
- Gross operating margin -€9,184
down €9,184 (-301%), from -€3,050 to -€12,234
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 | €1,542,359 | €1,755,197 | +€212,838 | +13.8% |
| Current assets | 29/58 | €1,542,359 | €1,755,197 | +€212,838 | +13.8% |
| Stocks and contracts in progress | 3 | €1,512,023 | €1,744,522 | +€232,500 | +15.4% |
| Stocks | 30/36 | €1,512,023 | €1,744,522 | +€232,500 | +15.4% |
| Amounts receivable within one year | 40/41 | €30,071 | €6,569 | -€23,502 | -78.2% |
| Trade receivables | 40 | €10,685 | - | -€10,685 | |
| Other amounts receivable | 41 | €19,386 | €6,569 | -€12,817 | -66.1% |
| Cash at bank and in hand | 54/58 | €265 | €4,106 | +€3,840 | +1,446% |
| Total equity and liabilities | 10/49 | €1,542,359 | €1,755,197 | +€212,838 | +13.8% |
| Equity | 10/15 | -€109,641 | -€124,900 | -€15,259 | -13.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€709,641 | -€724,900 | -€15,259 | -2.2% |
| Amounts payable | 17/49 | €1,652,000 | €1,880,097 | +€228,097 | +13.8% |
| Amounts payable within one year | 42/48 | €1,652,000 | €1,880,097 | +€228,097 | +13.8% |
| Trade debts | 44 | - | €3,097 | +€3,097 | |
| Suppliers | 440/4 | - | €3,097 | +€3,097 | |
| Other amounts payable | 47/48 | €1,652,000 | €1,877,000 | +€225,000 | +13.6% |
| Other operating charges | 640/8 | €2,848 | €2,936 | +€88 | +3.1% |
| Gross operating margin | 9900 | -€3,050 | -€12,234 | -€9,184 | -301% |
| Operating profit (loss) | 9901 | -€5,898 | -€15,170 | -€9,272 | -157% |
| Financial charges | 65/66B | €40 | €89 | +€49 | +121% |
| Recurring financial charges | 65 | €40 | €89 | +€49 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€5,938 | -€15,259 | -€9,321 | -157% |
| Profit (loss) for the period | 9904 | -€5,938 | -€15,259 | -€9,321 | -157% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,938 | -€15,259 | -€9,321 | -157% |
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 31 October 2026 via checked.be.