Van Reeth 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 Reeth Vastgoed
Largest movements
- Tangible fixed assets -€99,435
down €99,435 (-6.1%), from €1.6m to €1.5m
of which Land and buildings: -€51,714
- Receivables within one year -€28,633
down €28,633 (-17.2%), from €166,331 to €137,699
of which Other amounts receivable: -€30,721
- Debts after one year -€71,222
down €71,222 (-22.8%), from €312,038 to €240,816
- Other debts -€68,119
down €68,119 (-69.8%), from €97,615 to €29,496
- Reserves +€44,557
up €44,557 (+3.2%), from €1.4m to €1.4m
of which Distributable reserves: +€44,557
- Current portion of long-term debt -€35,306
down €35,306 (-33.3%), from €105,891 to €70,585
- Gross operating margin -€70,480
down €70,480 (-27.1%), from €260,432 to €189,951
- Depreciation -€32,657
down €32,657 (-24.1%), from €135,543 to €102,886
- Taxes -€11,955
down €11,955 (-36.9%), from €32,381 to €20,426
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 | €1,993,638 | €1,864,527 | -€129,110 | -6.5% |
| Fixed assets | 21/28 | €1,632,442 | €1,533,008 | -€99,435 | -6.1% |
| Tangible fixed assets | 22/27 | €1,632,442 | €1,533,008 | -€99,435 | -6.1% |
| Land and buildings | 22 | €1,513,294 | €1,461,580 | -€51,714 | -3.4% |
| Plant, machinery and equipment | 23 | €8,843 | €5,406 | -€3,438 | -38.9% |
| Furniture and vehicles | 24 | €110,306 | €66,023 | -€44,283 | -40.1% |
| Current assets | 29/58 | €361,195 | €331,519 | -€29,676 | -8.2% |
| Amounts receivable within one year | 40/41 | €166,331 | €137,699 | -€28,633 | -17.2% |
| Trade receivables | 40 | €54,970 | €57,059 | +€2,088 | +3.8% |
| Other amounts receivable | 41 | €111,361 | €80,640 | -€30,721 | -27.6% |
| Current investments | 50/53 | €160,004 | €157,504 | -€2,500 | -1.6% |
| Cash at bank and in hand | 54/58 | €21,698 | €20,580 | -€1,118 | -5.2% |
| Deferred charges and accrued income | 490/1 | €13,162 | €15,737 | +€2,575 | +19.6% |
| Total equity and liabilities | 10/49 | €1,993,638 | €1,864,527 | -€129,110 | -6.5% |
| Equity | 10/15 | €1,450,452 | €1,495,009 | +€44,557 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,388,452 | €1,433,009 | +€44,557 | +3.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,363,502 | €1,408,059 | +€44,557 | +3.3% |
| Amounts payable | 17/49 | €543,186 | €369,518 | -€173,668 | -32.0% |
| Amounts payable after more than one year | 17 | €312,038 | €240,816 | -€71,222 | -22.8% |
| Financial debts | 170/4 | €312,038 | €240,816 | -€71,222 | -22.8% |
| Amounts payable within one year | 42/48 | €218,303 | €122,516 | -€95,787 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €105,891 | €70,585 | -€35,306 | -33.3% |
| Financial debts | 43 | €24 | €175 | +€151 | +631% |
| Credit institutions | 430/8 | €24 | €175 | +€151 | +631% |
| Trade debts | 44 | €12,457 | €15,680 | +€3,223 | +25.9% |
| Suppliers | 440/4 | €12,457 | €15,680 | +€3,223 | +25.9% |
| Taxes, remuneration and social security | 45 | €2,315 | €6,579 | +€4,264 | +184% |
| Taxes | 450/3 | €2,315 | €6,579 | +€4,264 | +184% |
| Other amounts payable | 47/48 | €97,615 | €29,496 | -€68,119 | -69.8% |
| Accrued charges and deferred income | 492/3 | €12,845 | €6,186 | -€6,659 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,543 | €102,886 | -€32,657 | -24.1% |
| Other operating charges | 640/8 | €13,695 | €13,434 | -€261 | -1.9% |
| Non-recurring operating charges | 66A | €2,340 | - | -€2,340 | |
| Gross operating margin | 9900 | €260,432 | €189,951 | -€70,480 | -27.1% |
| Operating profit (loss) | 9901 | €108,853 | €73,631 | -€35,222 | -32.4% |
| Financial income | 75/76B | €269 | €855 | +€586 | +217% |
| Recurring financial income | 75 | €269 | €855 | +€586 | +217% |
| Financial charges | 65/66B | €10,706 | €9,503 | -€1,202 | -11.2% |
| Recurring financial charges | 65 | €10,706 | €9,503 | -€1,202 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €98,417 | €64,983 | -€33,434 | -34.0% |
| Income taxes | 67/77 | €32,381 | €20,426 | -€11,955 | -36.9% |
| Profit (loss) for the period | 9904 | €66,036 | €44,557 | -€21,479 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,036 | €44,557 | -€21,479 | -32.5% |
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 27 October 2026 via checked.be.