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.
vast.goed.
Largest movements
- Intangible fixed assets +€34,067
new in 2025: €34,067
- Receivables within one year +€22,999
up €22,999, from €0 to €22,999
of which Trade receivables: +€19,098
- Cash +€19,310
up €19,310 (+1,439%), from €1,342 to €20,652
mainly Contributions, distributions and other (+€100,000) and Trade debts (+€9,345)
- Tangible fixed assets -€3,302
down €3,302 (-2.2%), from €152,566 to €149,264
- Contributions +€100,000
up €100,000 (+538%), from €18,600 to €118,600
- Profit (loss) carried forward -€35,476
down €35,476 (-279%), from -€12,714 to -€48,191
- Trade debts +€9,345
up €9,345 (+1,042%), from €897 to €10,242
- Debts after one year -€7,588
down €7,588 (-7.7%), from €98,982 to €91,393
- Other debts +€4,877
up €4,877 (+12.3%), from €39,542 to €44,418
- Gross operating margin -€20,305
down €20,305, from €7,881 to -€12,424
- Staff costs +€11,869
new in 2025: €11,869
- Depreciation +€1,933
up €1,933 (+58.5%), from €3,302 to €5,235
- Other operating charges -€749
down €749 (-50.9%), from €1,472 to €723
- Financial charges -€544
down €544 (-9.0%), from €6,016 to €5,472
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 | €153,908 | €227,379 | +€73,471 | +47.7% |
| Fixed assets | 21/28 | €152,566 | €183,614 | +€31,048 | +20.4% |
| Intangible fixed assets | 21 | - | €34,067 | +€34,067 | |
| Tangible fixed assets | 22/27 | €152,566 | €149,264 | -€3,302 | -2.2% |
| Land and buildings | 22 | €152,566 | €149,264 | -€3,302 | -2.2% |
| Financial fixed assets | 28 | - | €284 | +€284 | |
| Current assets | 29/58 | €1,342 | €43,765 | +€42,422 | +3,160% |
| Amounts receivable within one year | 40/41 | €0 | €22,999 | +€22,999 | |
| Trade receivables | 40 | €0 | €19,098 | +€19,098 | |
| Other amounts receivable | 41 | €0 | €3,902 | +€3,902 | |
| Cash at bank and in hand | 54/58 | €1,342 | €20,652 | +€19,310 | +1,439% |
| Deferred charges and accrued income | 490/1 | - | €113 | +€113 | |
| Total equity and liabilities | 10/49 | €153,908 | €227,379 | +€73,471 | +47.7% |
| Equity | 10/15 | €6,169 | €70,409 | +€64,241 | +1,041% |
| Contributions | 10/11 | €18,600 | €118,600 | +€100,000 | +538% |
| Reserves | 13 | €283 | €0 | -€283 | -100% |
| Distributable reserves | 133 | €283 | €0 | -€283 | -100% |
| Profit (loss) carried forward | 14 | -€12,714 | -€48,191 | -€35,476 | -279% |
| Amounts payable | 17/49 | €147,739 | €156,969 | +€9,230 | +6.2% |
| Amounts payable after more than one year | 17 | €98,982 | €91,393 | -€7,588 | -7.7% |
| Financial debts | 170/4 | €98,982 | €91,393 | -€7,588 | -7.7% |
| Amounts payable within one year | 42/48 | €47,658 | €65,576 | +€17,918 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €7,219 | €7,588 | +€369 | +5.1% |
| Trade debts | 44 | €897 | €10,242 | +€9,345 | +1,042% |
| Suppliers | 440/4 | €897 | €10,242 | +€9,345 | +1,042% |
| Taxes, remuneration and social security | 45 | - | €3,328 | +€3,328 | |
| Taxes | 450/3 | - | €3,319 | +€3,319 | |
| Remuneration and social security | 454/9 | - | €8 | +€8 | |
| Other amounts payable | 47/48 | €39,542 | €44,418 | +€4,877 | +12.3% |
| Accrued charges and deferred income | 492/3 | €1,100 | €0 | -€1,100 | -100% |
| Remuneration, social security and pensions | 62 | - | €11,869 | +€11,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,302 | €5,235 | +€1,933 | +58.5% |
| Other operating charges | 640/8 | €1,472 | €723 | -€749 | -50.9% |
| Gross operating margin | 9900 | €7,881 | -€12,424 | -€20,305 | |
| Operating profit (loss) | 9901 | €3,106 | -€30,252 | -€33,358 | |
| Financial income | 75/76B | €545 | €1 | -€543 | -99.7% |
| Recurring financial income | 75 | €545 | €1 | -€543 | -99.7% |
| Financial charges | 65/66B | €6,016 | €5,472 | -€544 | -9.0% |
| Recurring financial charges | 65 | €6,016 | €5,472 | -€544 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,365 | -€35,723 | -€33,357 | -1,410% |
| Income taxes | 67/77 | - | €37 | +€37 | |
| Profit (loss) for the period | 9904 | -€2,365 | -€35,759 | -€33,394 | -1,412% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,365 | -€35,759 | -€33,394 | -1,412% |
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 20 October 2026 via checked.be.