VAST-IMMO: what changed
Two fiscal 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-IMMO
Largest movements
- Formation expenses -€364
down €364 (-28.3%), from €1,285 to €921
- Cash -€211
down €211 (-60.0%), from €351 to €141
mainly Net result for the year (-€574) and Investment in fixed assets (net) (-€0)
- Profit (loss) carried forward -€574
down €574 (-6.5%), from -€8,818 to -€9,392
- Gross operating margin +€3,730
up €3,730 (+98.3%), from -€3,795 to -€66
- Other operating charges +€76
new in 2025: €76
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.
Cash bridge derived
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 | €1,636 | €1,062 | -€574 | -35.1% |
| Formation expenses | 20 | €1,285 | €921 | -€364 | -28.3% |
| Current assets | 29/58 | €351 | €141 | -€211 | -60.0% |
| Cash at bank and in hand | 54/58 | €351 | €141 | -€211 | -60.0% |
| Total equity and liabilities | 10/49 | €1,636 | €1,062 | -€574 | -35.1% |
| Equity | 10/15 | -€3,818 | -€4,392 | -€574 | -15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,818 | -€9,392 | -€574 | -6.5% |
| Amounts payable | 17/49 | €5,454 | €5,454 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,454 | €5,454 | = | 0.0% |
| Other amounts payable | 47/48 | €5,454 | €5,454 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €364 | = | 0.0% |
| Other operating charges | 640/8 | - | €76 | +€76 | |
| Gross operating margin | 9900 | -€3,795 | -€66 | +€3,730 | +98.3% |
| Operating profit (loss) | 9901 | -€4,159 | -€506 | +€3,654 | +87.8% |
| Financial charges | 65/66B | €35 | €69 | +€33 | +94.7% |
| Recurring financial charges | 65 | €35 | €69 | +€33 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,195 | -€574 | +€3,620 | +86.3% |
| Profit (loss) for the period | 9904 | -€4,195 | -€574 | +€3,620 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,195 | -€574 | +€3,620 | +86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.