SELECT 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.
SELECT VASTGOED
Largest movements
- Receivables within one year +€101,315
up €101,315 (+183.5%), from €55,210 to €156,525
of which Trade receivables: +€72,325
- Cash -€19,323
down €19,323 (-10.2%), from €190,184 to €170,861
mainly Receivables within one year (-€101,315) and Contributions, distributions and other (-€75,418)
- Current investments +€12,595
up €12,595 (+15.9%), from €79,432 to €92,027
- Tangible fixed assets +€7,697
up €7,697 (+186.8%), from €4,120 to €11,817
of which Other tangible fixed assets: +€6,314
- Reserves +€64,479
up €64,479 (+20.8%), from €310,551 to €375,029
of which Distributable reserves: +€64,479
- Tax, wage and social debts +€33,260
up €33,260 (+256.4%), from €12,971 to €46,231
- Gross operating margin +€110,267
up €110,267 (+129.2%), from €85,313 to €195,580
- Taxes +€37,225
up €37,225 (+169.9%), from €21,914 to €59,139
- Financial income +€3,309
up €3,309 (+121.6%), from €2,720 to €6,029
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 | €331,851 | €433,557 | +€101,705 | +30.6% |
| Fixed assets | 21/28 | €4,120 | €11,817 | +€7,697 | +186.8% |
| Tangible fixed assets | 22/27 | €4,120 | €11,817 | +€7,697 | +186.8% |
| Furniture and vehicles | 24 | €4,120 | €4,388 | +€268 | +6.5% |
| Other tangible fixed assets | 26 | - | €6,314 | +€6,314 | |
| Assets under construction and advance payments | 27 | - | €1,116 | +€1,116 | |
| Current assets | 29/58 | €327,731 | €421,739 | +€94,008 | +28.7% |
| Amounts receivable within one year | 40/41 | €55,210 | €156,525 | +€101,315 | +183.5% |
| Trade receivables | 40 | €51,700 | €124,025 | +€72,325 | +139.9% |
| Other amounts receivable | 41 | €3,510 | €32,500 | +€28,990 | +825.9% |
| Current investments | 50/53 | €79,432 | €92,027 | +€12,595 | +15.9% |
| Cash at bank and in hand | 54/58 | €190,184 | €170,861 | -€19,323 | -10.2% |
| Deferred charges and accrued income | 490/1 | €2,905 | €2,326 | -€578 | -19.9% |
| Total equity and liabilities | 10/49 | €331,851 | €433,557 | +€101,705 | +30.6% |
| Equity | 10/15 | €316,751 | €381,229 | +€64,479 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €310,551 | €375,029 | +€64,479 | +20.8% |
| Tax-exempt reserves | 132 | €1,164 | €1,164 | = | 0.0% |
| Distributable reserves | 133 | €309,387 | €373,866 | +€64,479 | +20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,101 | €52,327 | +€37,227 | +246.5% |
| Amounts payable within one year | 42/48 | €14,662 | €52,110 | +€37,448 | +255.4% |
| Trade debts | 44 | €784 | €1,667 | +€883 | +112.6% |
| Suppliers | 440/4 | €784 | €1,667 | +€883 | +112.6% |
| Taxes, remuneration and social security | 45 | €12,971 | €46,231 | +€33,260 | +256.4% |
| Taxes | 450/3 | €12,971 | €46,231 | +€33,260 | +256.4% |
| Other amounts payable | 47/48 | €907 | €4,213 | +€3,306 | +364.6% |
| Accrued charges and deferred income | 492/3 | €439 | €217 | -€222 | -50.5% |
| Non-recurring operating income | 76A | - | €491 | +€491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,983 | €1,171 | -€812 | -41.0% |
| Other operating charges | 640/8 | €1,396 | €1,254 | -€143 | -10.2% |
| Non-recurring operating charges | 66A | €423 | €71 | -€352 | -83.3% |
| Gross operating margin | 9900 | €85,313 | €195,580 | +€110,267 | +129.2% |
| Operating profit (loss) | 9901 | €81,511 | €193,085 | +€111,574 | +136.9% |
| Financial income | 75/76B | €2,720 | €6,029 | +€3,309 | +121.6% |
| Recurring financial income | 75 | €2,720 | €6,029 | +€3,309 | +121.6% |
| Financial charges | 65/66B | €1,291 | €77 | -€1,214 | -94.0% |
| Recurring financial charges | 65 | €1,291 | €77 | -€1,214 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €82,940 | €199,037 | +€116,097 | +140.0% |
| Income taxes | 67/77 | €21,914 | €59,139 | +€37,225 | +169.9% |
| Profit (loss) for the period | 9904 | €61,026 | €139,897 | +€78,871 | +129.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,026 | €139,897 | +€78,871 | +129.2% |
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 8 October 2026 via checked.be.