Vast & Goed Makelaars: 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 Makelaars
Largest movements
- Tangible fixed assets +€361,325
up €361,325 (+245%), from €147,729 to €509,055
of which Land and buildings: +€363,949
- Current investments -€83,976
down €83,976 (-24.6%), from €341,976 to €258,000
- Receivables within one year -€49,341
down €49,341 (-27.0%), from €182,821 to €133,480
of which Trade receivables: -€72,897
- Cash -€12,640
down €12,640 (-30.6%), from €41,344 to €28,704
mainly Investment in fixed assets (net) (-€411,246) and Tax, wage and social debts (-€47,516)
- Debts after one year +€299,788
up €299,788 (+147%), from €203,393 to €503,181
- Tax, wage and social debts -€47,516
down €47,516 (-63.1%), from €75,258 to €27,743
of which Taxes: -€41,513
- Other debts -€42,072
down €42,072 (-100%), from €42,072 to €0
- Trade debts -€16,239
down €16,239 (-25.5%), from €63,584 to €47,345
- Current portion of long-term debt +€13,775
up €13,775 (+30.0%), from €45,849 to €59,623
- Gross operating margin -€115,987
down €115,987 (-31.2%), from €372,269 to €256,282
- Taxes -€39,616
down €39,616, from €34,277 to -€5,340
- Staff costs -€24,678
down €24,678 (-12.3%), from €201,091 to €176,413
- Depreciation +€17,378
up €17,378 (+53.4%), from €32,543 to €49,920
- Financial charges +€7,437
up €7,437 (+59.0%), from €12,606 to €20,043
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 | €713,870 | €929,239 | +€215,369 | +30.2% |
| Fixed assets | 21/28 | €147,729 | €509,055 | +€361,325 | +245% |
| Tangible fixed assets | 22/27 | €147,729 | €509,055 | +€361,325 | +245% |
| Land and buildings | 22 | €135,191 | €499,141 | +€363,949 | +269% |
| Plant, machinery and equipment | 23 | €4,053 | €3,922 | -€131 | -3.2% |
| Furniture and vehicles | 24 | €8,485 | €5,993 | -€2,492 | -29.4% |
| Current assets | 29/58 | €566,141 | €420,184 | -€145,957 | -25.8% |
| Amounts receivable within one year | 40/41 | €182,821 | €133,480 | -€49,341 | -27.0% |
| Trade receivables | 40 | €180,997 | €108,100 | -€72,897 | -40.3% |
| Other amounts receivable | 41 | €1,823 | €25,380 | +€23,556 | +1,292% |
| Current investments | 50/53 | €341,976 | €258,000 | -€83,976 | -24.6% |
| Cash at bank and in hand | 54/58 | €41,344 | €28,704 | -€12,640 | -30.6% |
| Total equity and liabilities | 10/49 | €713,870 | €929,239 | +€215,369 | +30.2% |
| Equity | 10/15 | €283,714 | €291,346 | +€7,632 | +2.7% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €264,875 | €272,506 | +€7,632 | +2.9% |
| Non-distributable reserves | 130/1 | €198,000 | €198,000 | = | 0.0% |
| Own shares acquired | 1312 | €198,000 | €198,000 | = | 0.0% |
| Distributable reserves | 133 | €66,875 | €74,506 | +€7,632 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €430,156 | €637,893 | +€207,737 | +48.3% |
| Amounts payable after more than one year | 17 | €203,393 | €503,181 | +€299,788 | +147% |
| Financial debts | 170/4 | €203,393 | €503,181 | +€299,788 | +147% |
| Amounts payable within one year | 42/48 | €226,762 | €134,711 | -€92,051 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €45,849 | €59,623 | +€13,775 | +30.0% |
| Trade debts | 44 | €63,584 | €47,345 | -€16,239 | -25.5% |
| Suppliers | 440/4 | €63,584 | €47,345 | -€16,239 | -25.5% |
| Taxes, remuneration and social security | 45 | €75,258 | €27,743 | -€47,516 | -63.1% |
| Taxes | 450/3 | €41,513 | €0 | -€41,513 | -100% |
| Remuneration and social security | 454/9 | €33,746 | €27,743 | -€6,003 | -17.8% |
| Other amounts payable | 47/48 | €42,072 | €0 | -€42,072 | -100% |
| Remuneration, social security and pensions | 62 | €201,091 | €176,413 | -€24,678 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,543 | €49,920 | +€17,378 | +53.4% |
| Other operating charges | 640/8 | €7,118 | €8,533 | +€1,414 | +19.9% |
| Gross operating margin | 9900 | €372,269 | €256,282 | -€115,987 | -31.2% |
| Operating profit (loss) | 9901 | €131,517 | €21,416 | -€110,101 | -83.7% |
| Financial income | 75/76B | €2,438 | €919 | -€1,520 | -62.3% |
| Recurring financial income | 75 | €2,438 | €919 | -€1,520 | -62.3% |
| Financial charges | 65/66B | €12,606 | €20,043 | +€7,437 | +59.0% |
| Recurring financial charges | 65 | €12,606 | €20,043 | +€7,437 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €121,349 | €2,292 | -€119,057 | -98.1% |
| Income taxes | 67/77 | €34,277 | -€5,340 | -€39,616 | |
| Profit (loss) for the period | 9904 | €87,072 | €7,632 | -€79,441 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,072 | €7,632 | -€79,441 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.