SC 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.
SC VASTGOED
Largest movements
- Cash -€156,673
down €156,673 (-43.2%), from €362,943 to €206,269
mainly Receivables within one year (-€102,119) and Other debts (-€63,785)
- Receivables within one year +€102,119
up €102,119 (+42.5%), from €240,404 to €342,523
of which Other amounts receivable: +€110,856
- Other debts -€63,785
down €63,785 (-10.1%), from €632,900 to €569,115
- Reserves +€9,300
up €9,300 (+67.9%), from €13,700 to €23,000
- Gross operating margin -€25,182
down €25,182 (-62.2%), from €40,513 to €15,331
- Financial charges -€6,990
down €6,990 (-98.6%), from €7,087 to €98
- Taxes -€2,738
down €2,738 (-37.4%), from €7,323 to €4,586
- Other operating charges -€1,396
down €1,396 (-74.1%), from €1,885 to €489
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 | €662,311 | €610,753 | -€51,558 | -7.8% |
| Fixed assets | 21/28 | €58,771 | €61,961 | +€3,191 | +5.4% |
| Tangible fixed assets | 22/27 | €1,086 | €1,776 | +€691 | +63.6% |
| Furniture and vehicles | 24 | €1,086 | €1,776 | +€691 | +63.6% |
| Financial fixed assets | 28 | €57,685 | €60,185 | +€2,500 | +4.3% |
| Current assets | 29/58 | €603,540 | €548,792 | -€54,748 | -9.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €240,404 | €342,523 | +€102,119 | +42.5% |
| Trade receivables | 40 | €8,737 | - | -€8,737 | |
| Other amounts receivable | 41 | €231,667 | €342,523 | +€110,856 | +47.9% |
| Cash at bank and in hand | 54/58 | €362,943 | €206,269 | -€156,673 | -43.2% |
| Deferred charges and accrued income | 490/1 | €193 | - | -€193 | |
| Total equity and liabilities | 10/49 | €662,311 | €610,753 | -€51,558 | -7.8% |
| Equity | 10/15 | €18,742 | €28,336 | +€9,594 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,700 | €23,000 | +€9,300 | +67.9% |
| Distributable reserves | 133 | €13,700 | €23,000 | +€9,300 | +67.9% |
| Profit (loss) carried forward | 14 | €42 | €336 | +€294 | +704% |
| Amounts payable | 17/49 | €643,569 | €582,417 | -€61,152 | -9.5% |
| Amounts payable within one year | 42/48 | €643,569 | €581,131 | -€62,438 | -9.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €212 | €913 | +€701 | +332% |
| Suppliers | 440/4 | €212 | €913 | +€701 | +332% |
| Taxes, remuneration and social security | 45 | €10,458 | €11,103 | +€645 | +6.2% |
| Taxes | 450/3 | €10,458 | €11,103 | +€645 | +6.2% |
| Other amounts payable | 47/48 | €632,900 | €569,115 | -€63,785 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €1,286 | +€1,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €565 | +€93 | +19.7% |
| Other operating charges | 640/8 | €1,885 | €489 | -€1,396 | -74.1% |
| Gross operating margin | 9900 | €40,513 | €15,331 | -€25,182 | -62.2% |
| Operating profit (loss) | 9901 | €38,157 | €14,277 | -€23,879 | -62.6% |
| Financial charges | 65/66B | €7,087 | €98 | -€6,990 | -98.6% |
| Recurring financial charges | 65 | €7,087 | €98 | -€6,990 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €31,069 | €14,180 | -€16,889 | -54.4% |
| Income taxes | 67/77 | €7,323 | €4,586 | -€2,738 | -37.4% |
| Profit (loss) for the period | 9904 | €23,746 | €9,594 | -€14,152 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,746 | €9,594 | -€14,152 | -59.6% |
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 18 October 2026 via checked.be.