Van Breda 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.
Van Breda Vastgoed
Largest movements
- Deferred charges and accrued income +€25,123
up €25,123 (+337%), from €7,458 to €32,581
- Tangible fixed assets -€4,483
down €4,483 (-23.5%), from €19,085 to €14,602
of which Furniture and vehicles: -€2,563
- Receivables within one year -€4,110
down €4,110 (-6.1%), from €67,666 to €63,556
of which Trade receivables: -€6,924
- Cash -€1,324
down €1,324 (-51.5%), from €2,570 to €1,246
mainly Deferred charges and accrued income (-€25,123) and Debts after one year (-€3,382)
- Accrued charges and deferred income +€8,577
up €8,577 (+2,526%), from €340 to €8,917
- Tax, wage and social debts +€7,769
up €7,769 (+47.3%), from €16,412 to €24,182
of which Remuneration and social security: +€6,235
- Debts after one year -€3,382
no longer reported in 2025 (was €3,382)
- Profit (loss) carried forward +€2,803
up €2,803 (+34.0%), from €8,248 to €11,051
- Current portion of long-term debt -€1,513
down €1,513 (-28.7%), from €5,277 to €3,764
- Gross operating margin +€35,027
up €35,027 (+23.1%), from €151,818 to €186,845
- Staff costs +€23,350
up €23,350 (+15.8%), from €147,717 to €171,067
- Taxes +€2,179
up €2,179 (+610%), from €357 to €2,536
- Depreciation -€1,934
down €1,934 (-26.6%), from €7,271 to €5,337
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 | €104,215 | €118,567 | +€14,353 | +13.8% |
| Fixed assets | 21/28 | €26,521 | €21,184 | -€5,337 | -20.1% |
| Intangible fixed assets | 21 | €1,976 | €1,122 | -€854 | -43.2% |
| Tangible fixed assets | 22/27 | €19,085 | €14,602 | -€4,483 | -23.5% |
| Plant, machinery and equipment | 23 | €1,633 | €864 | -€768 | -47.1% |
| Furniture and vehicles | 24 | €10,545 | €7,981 | -€2,563 | -24.3% |
| Other tangible fixed assets | 26 | €6,907 | €5,756 | -€1,151 | -16.7% |
| Financial fixed assets | 28 | €5,460 | €5,460 | = | 0.0% |
| Current assets | 29/58 | €77,694 | €97,383 | +€19,689 | +25.3% |
| Amounts receivable within one year | 40/41 | €67,666 | €63,556 | -€4,110 | -6.1% |
| Trade receivables | 40 | €62,665 | €55,741 | -€6,924 | -11.0% |
| Other amounts receivable | 41 | €5,001 | €7,815 | +€2,814 | +56.3% |
| Cash at bank and in hand | 54/58 | €2,570 | €1,246 | -€1,324 | -51.5% |
| Deferred charges and accrued income | 490/1 | €7,458 | €32,581 | +€25,123 | +337% |
| Total equity and liabilities | 10/49 | €104,215 | €118,567 | +€14,353 | +13.8% |
| Equity | 10/15 | €18,248 | €21,051 | +€2,803 | +15.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,248 | €11,051 | +€2,803 | +34.0% |
| Amounts payable | 17/49 | €85,967 | €97,516 | +€11,550 | +13.4% |
| Amounts payable after more than one year | 17 | €3,382 | - | -€3,382 | |
| Financial debts | 170/4 | €3,382 | - | -€3,382 | |
| Amounts payable within one year | 42/48 | €82,245 | €88,600 | +€6,355 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,277 | €3,764 | -€1,513 | -28.7% |
| Trade debts | 44 | €1,593 | €336 | -€1,257 | -78.9% |
| Suppliers | 440/4 | €1,593 | €336 | -€1,257 | -78.9% |
| Advances received on contracts in progress | 46 | €107 | €107 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,412 | €24,182 | +€7,769 | +47.3% |
| Taxes | 450/3 | €4,299 | €5,833 | +€1,534 | +35.7% |
| Remuneration and social security | 454/9 | €12,113 | €18,349 | +€6,235 | +51.5% |
| Other amounts payable | 47/48 | €58,856 | €60,212 | +€1,356 | +2.3% |
| Accrued charges and deferred income | 492/3 | €340 | €8,917 | +€8,577 | +2,526% |
| Remuneration, social security and pensions | 62 | €147,717 | €171,067 | +€23,350 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,271 | €5,337 | -€1,934 | -26.6% |
| Other operating charges | 640/8 | €2,156 | €3,791 | +€1,635 | +75.9% |
| Gross operating margin | 9900 | €151,818 | €186,845 | +€35,027 | +23.1% |
| Operating profit (loss) | 9901 | -€5,325 | €6,650 | +€11,976 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +20.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +20.0% |
| Financial charges | 65/66B | €899 | €1,311 | +€412 | +45.8% |
| Recurring financial charges | 65 | €899 | €1,311 | +€412 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,224 | €5,339 | +€11,564 | |
| Income taxes | 67/77 | €357 | €2,536 | +€2,179 | +610% |
| Profit (loss) for the period | 9904 | -€6,582 | €2,803 | +€9,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,582 | €2,803 | +€9,385 |
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.