VAN POPPEL VASTGOED: what changed
What changed
VAN POPPEL VASTGOED
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€559,188
2024 · €438,276+€120,913
Equity
€3.4m
2024 · €3.1m+€337,188
Cash
€254,193
2024 · €17,760+€236,433
Balance sheet total
€3.9m
2024 · €4.0m-€186,199
Largest movements
Assets
- Current investments -€400,000
down €400,000 (-61.5%), from €650,000 to €250,000
- Cash +€236,433
up €236,433 (+1,331%), from €17,760 to €254,193
mainly Net result for the year (+€559,188) and Current investments (+€400,000)
Equity and liabilities
- Advances received -€925,153
no longer reported in 2025 (was €925,153)
- Reserves +€337,000
up €337,000 (+11.6%), from €2.9m to €3.2m
of which Distributable reserves: +€337,000
- Other debts +€211,000
up €211,000 (+23,977%), from €880 to €211,880
- Tax, wage and social debts +€133,313
up €133,313 (+323%), from €41,266 to €174,580
- Current portion of long-term debt +€58,640
new in 2025: €58,640
Income statement
- Gross operating margin +€785,116
up €785,116 (+1,824%), from €43,051 to €828,168
- Financial income -€499,016
down €499,016 (-97.8%), from €510,473 to €11,457
of which Financial income: -€485,251
- Taxes +€210,020
up €210,020 (+479%), from €43,800 to €253,820
- Financial charges -€47,065
down €47,065 (-97.0%), from €48,508 to €1,443
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
€438,276
Gross operating margin
+€785,116
Depreciation
-€458
Other operating charges
-€1,776
Financial income
-€499,016
Financial charges
+€47,065
Taxes
-€210,020
Result 2025
€559,188
raises the resultlowers the result
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
-€207
Investment
+€400,000
Financing
-€163,360
Cash 2024
€17,760
From operations (derived)
-€207
Net result for the year
+€559,188
Depreciation
+€7,336
Smaller working-capital items
-€3,523
Receivables within one year
+€17,631
Tax, wage and social debts
+€133,313
Advances received
-€925,153
Other debts
+€211,000
Investment (derived)
+€400,000
Current investments
+€400,000
Financing
-€163,360
Current portion of long-term debt
+€58,640
Contributions, distributions and other
-€222,000
Cash 2025
€254,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,042,357 | €3,856,158 | -€186,199 | -4.6% |
| Fixed assets | 21/28 | €117,997 | €110,661 | -€7,336 | -6.2% |
| Tangible fixed assets | 22/27 | €117,997 | €110,661 | -€7,336 | -6.2% |
| Other tangible fixed assets | 26 | €117,997 | €110,661 | -€7,336 | -6.2% |
| Current assets | 29/58 | €3,924,360 | €3,745,497 | -€178,863 | -4.6% |
| Amounts receivable after more than one year | 29 | €590,000 | €590,000 | = | 0.0% |
| Other amounts receivable | 291 | €590,000 | €590,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,364,951 | €2,366,910 | +€1,959 | +0.1% |
| Stocks | 30/36 | €2,364,951 | €2,366,910 | +€1,959 | +0.1% |
| Amounts receivable within one year | 40/41 | €301,649 | €284,017 | -€17,631 | -5.8% |
| Trade receivables | 40 | - | €2,526 | +€2,526 | |
| Other amounts receivable | 41 | €301,649 | €281,491 | -€20,157 | -6.7% |
| Current investments | 50/53 | €650,000 | €250,000 | -€400,000 | -61.5% |
| Cash at bank and in hand | 54/58 | €17,760 | €254,193 | +€236,433 | +1,331% |
| Deferred charges and accrued income | 490/1 | - | €377 | +€377 | |
| Total equity and liabilities | 10/49 | €4,042,357 | €3,856,158 | -€186,199 | -4.6% |
| Equity | 10/15 | €3,056,835 | €3,394,023 | +€337,188 | +11.0% |
| Contributions | 10/11 | €144,708 | €144,708 | = | 0.0% |
| Reserves | 13 | €2,907,333 | €3,244,333 | +€337,000 | +11.6% |
| Tax-exempt reserves | 132 | €12,333 | €12,333 | = | 0.0% |
| Distributable reserves | 133 | €2,895,000 | €3,232,000 | +€337,000 | +11.6% |
| Profit (loss) carried forward | 14 | €4,794 | €4,982 | +€188 | +3.9% |
| Amounts payable | 17/49 | €985,522 | €462,135 | -€523,387 | -53.1% |
| Amounts payable within one year | 42/48 | €970,100 | €448,190 | -€521,910 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €58,640 | +€58,640 | |
| Financial debts | 43 | €67 | €67 | = | 0.0% |
| Credit institutions | 430/8 | €67 | €67 | = | 0.0% |
| Trade debts | 44 | €2,734 | €3,024 | +€290 | +10.6% |
| Suppliers | 440/4 | €2,734 | €3,024 | +€290 | +10.6% |
| Advances received on contracts in progress | 46 | €925,153 | - | -€925,153 | |
| Taxes, remuneration and social security | 45 | €41,266 | €174,580 | +€133,313 | +323% |
| Taxes | 450/3 | €41,266 | €174,580 | +€133,313 | +323% |
| Other amounts payable | 47/48 | €880 | €211,880 | +€211,000 | +23,977% |
| Accrued charges and deferred income | 492/3 | €15,422 | €13,945 | -€1,477 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,878 | €7,336 | +€458 | +6.7% |
| Other operating charges | 640/8 | €16,063 | €17,838 | +€1,776 | +11.1% |
| Gross operating margin | 9900 | €43,051 | €828,168 | +€785,116 | +1,824% |
| Operating profit (loss) | 9901 | €20,111 | €802,994 | +€782,883 | +3,893% |
| Financial income | 75/76B | €510,473 | €11,457 | -€499,016 | -97.8% |
| Recurring financial income | 75 | €493,846 | €8,595 | -€485,251 | -98.3% |
| Non-recurring financial income | 76B | €16,627 | €2,862 | -€13,765 | -82.8% |
| Financial charges | 65/66B | €48,508 | €1,443 | -€47,065 | -97.0% |
| Recurring financial charges | 65 | €48,508 | €1,443 | -€47,065 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €482,076 | €813,008 | +€330,932 | +68.6% |
| Income taxes | 67/77 | €43,800 | €253,820 | +€210,020 | +479% |
| Profit (loss) for the period | 9904 | €438,276 | €559,188 | +€120,913 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €438,276 | €559,188 | +€120,913 | +27.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.