Q-VASTGOED: what changed
What changed
Q-VASTGOED
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€16,236
2024 · -€6,211+€22,448
Equity
€538,102
2024 · €521,866+€16,236
Cash
€15,809
2024 · €3,678+€12,131
Balance sheet total
€2.1m
2024 · €2.3m-€254,118
Largest movements
Assets
- Receivables within one year -€243,560
down €243,560 (-23.1%), from €1.1m to €810,362
of which Other amounts receivable: -€254,197
Equity and liabilities
- Other debts -€264,402
down €264,402 (-47.2%), from €559,947 to €295,545
Income statement
- Taxes -€126,094
down €126,094 (-95.1%), from €132,646 to €6,552
- Gross operating margin +€22,322
up €22,322, from -€8,249 to €14,073
- Other operating charges +€16,051
up €16,051 (+461%), from €3,479 to €19,530
- Depreciation -€14,085
down €14,085 (-55.3%), from €25,485 to €11,400
- Financial charges +€2,661
up €2,661 (+8.6%), from €30,909 to €33,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6,211
Gross operating margin
+€22,322
Staff costs
+€163
Depreciation
+€14,085
Other operating charges
-€16,051
Other operating items
-€1,392
Financial income
+€0
Financial charges
-€2,661
Taxes
+€126,094
Deferred taxes and other
-€120,113
Result 2025
€16,236
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,621
Investment
+€11,290
Financing
-€12,779
Cash 2024
€3,678
From operations (derived)
+€13,621
Net result for the year
+€16,236
Depreciation
+€11,400
Receivables within one year
+€243,560
Trade debts
+€9,338
Tax, wage and social debts
-€2,512
Other debts
-€264,402
Investment (derived)
+€11,290
Investment in fixed assets (net)
+€11,290
Financing
-€12,779
Current portion of long-term debt
-€12,779
Cash 2025
€15,809
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,305,047 | €2,050,929 | -€254,118 | -11.0% |
| Fixed assets | 21/28 | €1,247,447 | €1,224,758 | -€22,690 | -1.8% |
| Tangible fixed assets | 22/27 | €53,773 | €31,083 | -€22,690 | -42.2% |
| Land and buildings | 22 | €23,342 | €23,342 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €30,430 | €7,741 | -€22,690 | -74.6% |
| Financial fixed assets | 28 | €1,193,675 | €1,193,675 | = | 0.0% |
| Current assets | 29/58 | €1,057,600 | €826,171 | -€231,429 | -21.9% |
| Amounts receivable within one year | 40/41 | €1,053,922 | €810,362 | -€243,560 | -23.1% |
| Trade receivables | 40 | €21,025 | €31,662 | +€10,637 | +50.6% |
| Other amounts receivable | 41 | €1,032,897 | €778,700 | -€254,197 | -24.6% |
| Cash at bank and in hand | 54/58 | €3,678 | €15,809 | +€12,131 | +330% |
| Total equity and liabilities | 10/49 | €2,305,047 | €2,050,929 | -€254,118 | -11.0% |
| Equity | 10/15 | €521,866 | €538,102 | +€16,236 | +3.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €385,466 | €401,702 | +€16,236 | +4.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,783,181 | €1,512,826 | -€270,355 | -15.2% |
| Amounts payable after more than one year | 17 | €1,067,805 | €1,067,805 | = | 0.0% |
| Financial debts | 170/4 | €1,067,805 | €1,067,805 | = | 0.0% |
| Amounts payable within one year | 42/48 | €715,376 | €445,021 | -€270,355 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €12,779 | €0 | -€12,779 | -100% |
| Trade debts | 44 | €940 | €10,279 | +€9,338 | +993% |
| Suppliers | 440/4 | €940 | €10,279 | +€9,338 | +993% |
| Taxes, remuneration and social security | 45 | €141,710 | €139,198 | -€2,512 | -1.8% |
| Taxes | 450/3 | €141,710 | €139,198 | -€2,512 | -1.8% |
| Other amounts payable | 47/48 | €559,947 | €295,545 | -€264,402 | -47.2% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,485 | €11,400 | -€14,085 | -55.3% |
| Other operating charges | 640/8 | €3,479 | €19,530 | +€16,051 | +461% |
| Non-recurring operating charges | 66A | €393 | €1,785 | +€1,392 | +354% |
| Gross operating margin | 9900 | -€8,249 | €14,073 | +€22,322 | |
| Operating profit (loss) | 9901 | -€37,770 | -€18,642 | +€19,128 | +50.6% |
| Financial income | 75/76B | €75,000 | €75,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €75,000 | €75,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €30,909 | €33,570 | +€2,661 | +8.6% |
| Recurring financial charges | 65 | €30,909 | €33,570 | +€2,661 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €6,321 | €22,788 | +€16,467 | +260% |
| Transfer from deferred taxes | 780 | €120,113 | €0 | -€120,113 | -100% |
| Income taxes | 67/77 | €132,646 | €6,552 | -€126,094 | -95.1% |
| Profit (loss) for the period | 9904 | -€6,211 | €16,236 | +€22,448 | |
| Transfer from tax-exempt reserves | 789 | €360,340 | €0 | -€360,340 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €354,128 | €16,236 | -€337,892 | -95.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.