P & V 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.
P & V VASTGOED
Largest movements
- Tangible fixed assets -€231,745
down €231,745 (-76.6%), from €302,657 to €70,911
- Cash +€74,080
up €74,080 (+2,176%), from €3,404 to €77,484
mainly Investment in fixed assets (net) (+€230,053) and Net result for the year (+€41,521)
- Receivables within one year +€7,084
new in 2025: €7,084
- Debts after one year -€209,799
down €209,799 (-87.7%), from €239,260 to €29,461
- Profit (loss) carried forward +€41,521
up €41,521 (+58.3%), from -€71,248 to -€29,728
- Other debts +€25,859
up €25,859 (+27.2%), from €95,135 to €120,994
- Current portion of long-term debt -€8,574
down €8,574 (-72.7%), from €11,796 to €3,223
- Gross operating margin +€56,369
up €56,369 (+1,519%), from €3,712 to €60,081
- Depreciation -€5,072
down €5,072 (-75.0%), from €6,764 to €1,692
- Financial charges +€3,224
up €3,224 (+28.8%), from €11,184 to €14,408
- Other operating charges +€866
up €866 (+54.3%), from €1,594 to €2,460
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 | €306,061 | €156,266 | -€149,795 | -48.9% |
| Fixed assets | 21/28 | €302,657 | €70,911 | -€231,745 | -76.6% |
| Tangible fixed assets | 22/27 | €302,657 | €70,911 | -€231,745 | -76.6% |
| Land and buildings | 22 | €302,657 | €70,911 | -€231,745 | -76.6% |
| Current assets | 29/58 | €3,404 | €85,354 | +€81,950 | +2,407% |
| Amounts receivable within one year | 40/41 | - | €7,084 | +€7,084 | |
| Trade receivables | 40 | - | €7,084 | +€7,084 | |
| Cash at bank and in hand | 54/58 | €3,404 | €77,484 | +€74,080 | +2,176% |
| Deferred charges and accrued income | 490/1 | €0 | €785 | +€785 | |
| Total equity and liabilities | 10/49 | €306,061 | €156,266 | -€149,795 | -48.9% |
| Equity | 10/15 | -€41,248 | €273 | +€41,521 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,248 | -€29,728 | +€41,521 | +58.3% |
| Amounts payable | 17/49 | €347,309 | €155,993 | -€191,316 | -55.1% |
| Amounts payable after more than one year | 17 | €239,260 | €29,461 | -€209,799 | -87.7% |
| Financial debts | 170/4 | €239,260 | €29,461 | -€209,799 | -87.7% |
| Amounts payable within one year | 42/48 | €107,330 | €126,532 | +€19,202 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €11,796 | €3,223 | -€8,574 | -72.7% |
| Trade debts | 44 | €398 | €2,315 | +€1,916 | +481% |
| Suppliers | 440/4 | €398 | €2,315 | +€1,916 | +481% |
| Other amounts payable | 47/48 | €95,135 | €120,994 | +€25,859 | +27.2% |
| Accrued charges and deferred income | 492/3 | €719 | €0 | -€719 | -100% |
| Non-recurring operating income | 76A | - | €65,957 | +€65,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,764 | €1,692 | -€5,072 | -75.0% |
| Other operating charges | 640/8 | €1,594 | €2,460 | +€866 | +54.3% |
| Gross operating margin | 9900 | €3,712 | €60,081 | +€56,369 | +1,519% |
| Operating profit (loss) | 9901 | -€4,647 | €55,928 | +€60,575 | |
| Financial charges | 65/66B | €11,184 | €14,408 | +€3,224 | +28.8% |
| Recurring financial charges | 65 | €11,184 | €14,408 | +€3,224 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,830 | €41,521 | +€57,351 | |
| Profit (loss) for the period | 9904 | -€15,830 | €41,521 | +€57,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,830 | €41,521 | +€57,351 |
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 25 October 2026 via checked.be.