PL VASTGOED: what changed
Two fiscal 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.
PL VASTGOED
Largest movements
- Tangible fixed assets +€467,495
up €467,495 (+267.5%), from €174,777 to €642,272
- Deferred charges and accrued income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Cash +€14,642
new in 2025: €14,642
mainly Debts after one year (+€420,311) and Trade debts (+€63,400)
- Debts after one year +€420,311
new in 2025: €420,311
- Trade debts +€63,400
up €63,400 (+16368.1%), from €387 to €63,787
- Reserves -€49,310
down €49,310 (-27.2%), from €181,200 to €131,889
- Other debts +€31,987
new in 2025: €31,987
- Depreciation +€36,645
up €36,645 (+408.5%), from €8,971 to €45,615
- Financial charges +€15,251
new in 2025: €15,251
- Gross operating margin -€2,136
down €2,136 (-11.9%), from €17,915 to €15,779
- Taxes -€1,205
down €1,205 (-100.0%), from €1,205 to €0
- Other operating charges +€430
up €430 (+10.4%), from €4,125 to €4,555
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.
Cash bridge derived
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 | €193,277 | €656,913 | +€463,636 | +239.9% |
| Fixed assets | 21/28 | €174,777 | €642,272 | +€467,495 | +267.5% |
| Tangible fixed assets | 22/27 | €174,777 | €642,272 | +€467,495 | +267.5% |
| Land and buildings | 22 | €174,777 | €642,272 | +€467,495 | +267.5% |
| Current assets | 29/58 | €18,500 | €14,642 | -€3,858 | -20.9% |
| Amounts receivable within one year | 40/41 | €3,500 | €0 | -€3,500 | -100.0% |
| Other amounts receivable | 41 | €3,500 | €0 | -€3,500 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €14,642 | +€14,642 | |
| Deferred charges and accrued income | 490/1 | €15,000 | €0 | -€15,000 | -100.0% |
| Total equity and liabilities | 10/49 | €193,277 | €656,913 | +€463,636 | +239.9% |
| Equity | 10/15 | €189,265 | €139,623 | -€49,642 | -26.2% |
| Contributions | 10/11 | €7,733 | €7,733 | = | 0.0% |
| Reserves | 13 | €181,200 | €131,889 | -€49,310 | -27.2% |
| Distributable reserves | 133 | €181,200 | €131,889 | -€49,310 | -27.2% |
| Profit (loss) carried forward | 14 | €332 | €0 | -€332 | -100.0% |
| Amounts payable | 17/49 | €4,012 | €517,291 | +€513,278 | +12793.2% |
| Amounts payable after more than one year | 17 | - | €420,311 | +€420,311 | |
| Financial debts | 170/4 | - | €420,311 | +€420,311 | |
| Amounts payable within one year | 42/48 | €1,592 | €96,980 | +€95,387 | +5991.3% |
| Trade debts | 44 | €387 | €63,787 | +€63,400 | +16368.1% |
| Suppliers | 440/4 | €387 | €63,787 | +€63,400 | +16368.1% |
| Taxes, remuneration and social security | 45 | €1,205 | €1,205 | = | 0.0% |
| Taxes | 450/3 | €1,205 | €1,205 | = | 0.0% |
| Other amounts payable | 47/48 | - | €31,987 | +€31,987 | |
| Accrued charges and deferred income | 492/3 | €2,420 | €0 | -€2,420 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,971 | €45,615 | +€36,645 | +408.5% |
| Other operating charges | 640/8 | €4,125 | €4,555 | +€430 | +10.4% |
| Gross operating margin | 9900 | €17,915 | €15,779 | -€2,136 | -11.9% |
| Operating profit (loss) | 9901 | €4,819 | -€34,391 | -€39,210 | |
| Financial charges | 65/66B | - | €15,251 | +€15,251 | |
| Recurring financial charges | 65 | - | €15,251 | +€15,251 | |
| Profit (loss) for the period before taxes | 9903 | €4,819 | -€49,642 | -€54,461 | |
| Income taxes | 67/77 | €1,205 | €0 | -€1,205 | -100.0% |
| Profit (loss) for the period | 9904 | €3,614 | -€49,642 | -€53,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,614 | -€49,642 | -€53,256 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.