VAST & GOED: 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.
What changed
VAST & GOED
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,611
2024 · -€46,971-€640
Equity
€2.0m
2024 · €2.0m-€47,611
Cash
€36,378
2024 · €12,175+€24,203
Balance sheet total
€4.9m
2024 · €4.9m+€31,583
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating charges +€4,270
up €4,270 (+19.5%), from €21,869 to €26,139
- Gross operating margin +€2,606
up €2,606 (+1.7%), from €156,746 to €159,352
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.
Result 2024
-€46,971
Gross operating margin
+€2,606
Staff costs
+€1,326
Depreciation
-€397
Other operating charges
-€4,270
Financial charges
+€96
Result 2025
-€47,611
raises the resultlowers the result
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.
From operations
+€102,086
Investment
-€77,923
Financing
+€40
Cash 2024
€12,175
From operations (derived)
+€102,086
Net result for the year
-€47,611
Depreciation
+€73,034
Receivables within one year
-€2,358
Smaller working-capital items
-€309
Trade debts
+€48,272
Accrued charges and deferred income
+€31,058
Investment (derived)
-€77,923
Investment in fixed assets (net)
-€77,923
Financing
+€40
Debts after one year
+€40
Cash 2025
€36,378
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,873,739 | €4,905,322 | +€31,583 | +0.6% |
| Fixed assets | 21/28 | €4,852,838 | €4,857,727 | +€4,889 | +0.1% |
| Tangible fixed assets | 22/27 | €4,852,818 | €4,857,707 | +€4,889 | +0.1% |
| Land and buildings | 22 | €4,764,083 | €4,785,576 | +€21,494 | +0.5% |
| Furniture and vehicles | 24 | €88,735 | €72,131 | -€16,604 | -18.7% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €20,901 | €47,595 | +€26,694 | +128% |
| Amounts receivable within one year | 40/41 | €5,872 | €8,230 | +€2,358 | +40.2% |
| Trade receivables | 40 | €5,872 | €8,230 | +€2,358 | +40.2% |
| Cash at bank and in hand | 54/58 | €12,175 | €36,378 | +€24,203 | +199% |
| Deferred charges and accrued income | 490/1 | €2,854 | €2,987 | +€133 | +4.7% |
| Total equity and liabilities | 10/49 | €4,873,739 | €4,905,322 | +€31,583 | +0.6% |
| Equity | 10/15 | €2,023,950 | €1,976,339 | -€47,611 | -2.4% |
| Contributions | 10/11 | €2,600,000 | €2,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€576,050 | -€623,661 | -€47,611 | -8.3% |
| Amounts payable | 17/49 | €2,849,789 | €2,928,983 | +€79,194 | +2.8% |
| Amounts payable after more than one year | 17 | €1,566,404 | €1,566,444 | +€40 | 0.0% |
| Financial debts | 170/4 | €1,552,904 | €1,552,904 | = | 0.0% |
| Other amounts payable | 178/9 | €13,500 | €13,540 | +€40 | +0.3% |
| Amounts payable within one year | 42/48 | €1,252,327 | €1,300,423 | +€48,096 | +3.8% |
| Trade debts | 44 | €2,395 | €50,667 | +€48,272 | +2,015% |
| Suppliers | 440/4 | €2,395 | €50,667 | +€48,272 | +2,015% |
| Taxes, remuneration and social security | 45 | €18,048 | €17,872 | -€176 | -1.0% |
| Taxes | 450/3 | €9,028 | €8,805 | -€223 | -2.5% |
| Remuneration and social security | 454/9 | €9,020 | €9,067 | +€47 | +0.5% |
| Other amounts payable | 47/48 | €1,231,884 | €1,231,884 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,058 | €62,116 | +€31,058 | +100% |
| Remuneration, social security and pensions | 62 | €77,997 | €76,671 | -€1,326 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,637 | €73,034 | +€397 | +0.5% |
| Other operating charges | 640/8 | €21,869 | €26,139 | +€4,270 | +19.5% |
| Gross operating margin | 9900 | €156,746 | €159,352 | +€2,606 | +1.7% |
| Operating profit (loss) | 9901 | -€15,756 | -€16,492 | -€736 | -4.7% |
| Financial charges | 65/66B | €31,215 | €31,120 | -€96 | -0.3% |
| Recurring financial charges | 65 | €31,215 | €31,120 | -€96 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,971 | -€47,611 | -€640 | -1.4% |
| Profit (loss) for the period | 9904 | -€46,971 | -€47,611 | -€640 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,971 | -€47,611 | -€640 | -1.4% |
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 14 October 2026 via checked.be.