OBJECTIEF 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.
OBJECTIEF VASTGOED
Largest movements
- Stocks and contracts -€680,873
down €680,873 (-3.9%), from €17.4m to €16.7m
- Financial fixed assets -€276,500
down €276,500 (-79.0%), from €350,000 to €73,500
- Other debts -€879,970
down €879,970 (-35.3%), from €2.5m to €1.6m
- Gross operating margin -€172,782
down €172,782 (-88.8%), from €194,675 to €21,893
- Financial charges -€39,057
down €39,057 (-86.5%), from €45,148 to €6,091
- Taxes -€28,027
down €28,027 (-82.2%), from €34,109 to €6,082
- Financial income +€10,593
up €10,593 (+1,396%), from €759 to €11,351
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 | €18,052,852 | €17,173,187 | -€879,665 | -4.9% |
| Fixed assets | 21/28 | €350,000 | €73,500 | -€276,500 | -79.0% |
| Financial fixed assets | 28 | €350,000 | €73,500 | -€276,500 | -79.0% |
| Current assets | 29/58 | €17,702,852 | €17,099,687 | -€603,165 | -3.4% |
| Stocks and contracts in progress | 3 | €17,382,013 | €16,701,140 | -€680,873 | -3.9% |
| Stocks | 30/36 | €17,382,013 | €16,701,140 | -€680,873 | -3.9% |
| Amounts receivable within one year | 40/41 | €241,250 | €381,276 | +€140,026 | +58.0% |
| Trade receivables | 40 | - | €4,691 | +€4,691 | |
| Other amounts receivable | 41 | €241,250 | €376,585 | +€135,336 | +56.1% |
| Cash at bank and in hand | 54/58 | €79,589 | €17,271 | -€62,318 | -78.3% |
| Total equity and liabilities | 10/49 | €18,052,852 | €17,173,187 | -€879,665 | -4.9% |
| Equity | 10/15 | €7,409,025 | €7,427,284 | +€18,260 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,407,893 | €2,407,893 | = | 0.0% |
| Tax-exempt reserves | 132 | €231,550 | €231,550 | = | 0.0% |
| Distributable reserves | 133 | €2,176,343 | €2,176,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,982,532 | €5,000,791 | +€18,260 | +0.4% |
| Amounts payable | 17/49 | €10,643,827 | €9,745,902 | -€897,925 | -8.4% |
| Amounts payable within one year | 42/48 | €10,643,827 | €9,745,902 | -€897,925 | -8.4% |
| Financial debts | 43 | €8,149,000 | €8,129,000 | -€20,000 | -0.2% |
| Credit institutions | 430/8 | €8,149,000 | €8,129,000 | -€20,000 | -0.2% |
| Advances received on contracts in progress | 46 | - | €2,045 | +€2,045 | |
| Other amounts payable | 47/48 | €2,494,827 | €1,614,857 | -€879,970 | -35.3% |
| Other operating charges | 640/8 | €1,446 | €2,812 | +€1,365 | +94.4% |
| Gross operating margin | 9900 | €194,675 | €21,893 | -€172,782 | -88.8% |
| Operating profit (loss) | 9901 | €193,229 | €19,082 | -€174,148 | -90.1% |
| Financial income | 75/76B | €759 | €11,351 | +€10,593 | +1,396% |
| Recurring financial income | 75 | €759 | €11,351 | +€10,593 | +1,396% |
| Financial charges | 65/66B | €45,148 | €6,091 | -€39,057 | -86.5% |
| Recurring financial charges | 65 | €45,148 | €6,091 | -€39,057 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €148,840 | €24,342 | -€124,498 | -83.6% |
| Income taxes | 67/77 | €34,109 | €6,082 | -€28,027 | -82.2% |
| Profit (loss) for the period | 9904 | €114,730 | €18,260 | -€96,471 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,730 | €18,260 | -€96,471 | -84.1% |
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 17 October 2026 via checked.be.