VAST - LANDGOED: 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 - LANDGOED
Largest movements
- Deferred charges and accrued income +€2,431
up €2,431 (+4.3%), from €57,022 to €59,454
- Trade debts +€2,967
up €2,967 (+1,226%), from €242 to €3,209
- Gross operating margin +€1,412
up €1,412 (+715%), from €197 to €1,610
- Depreciation -€243
down €243 (-19.8%), from €1,225 to €982
- Other operating charges +€67
up €67 (+3.1%), from €2,161 to €2,228
- Financial charges +€45
up €45 (+37.8%), from €120 to €166
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 | €214,157 | €215,454 | +€1,296 | +0.6% |
| Fixed assets | 21/28 | €156,815 | €155,832 | -€982 | -0.6% |
| Tangible fixed assets | 22/27 | €156,815 | €155,832 | -€982 | -0.6% |
| Land and buildings | 22 | €156,815 | €155,832 | -€982 | -0.6% |
| Current assets | 29/58 | €57,342 | €59,621 | +€2,279 | +4.0% |
| Cash at bank and in hand | 54/58 | €320 | €167 | -€153 | -47.7% |
| Deferred charges and accrued income | 490/1 | €57,022 | €59,454 | +€2,431 | +4.3% |
| Total equity and liabilities | 10/49 | €214,157 | €215,454 | +€1,296 | +0.6% |
| Equity | 10/15 | -€5,777 | -€7,676 | -€1,899 | -32.9% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Revaluation surpluses | 12 | €97,900 | €97,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€283,677 | -€285,576 | -€1,899 | -0.7% |
| Amounts payable | 17/49 | €219,935 | €223,130 | +€3,195 | +1.5% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,935 | €98,130 | +€3,195 | +3.4% |
| Trade debts | 44 | €242 | €3,209 | +€2,967 | +1,226% |
| Suppliers | 440/4 | €242 | €3,209 | +€2,967 | +1,226% |
| Taxes, remuneration and social security | 45 | €267 | €267 | -€0 | 0.0% |
| Taxes | 450/3 | €267 | €267 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €94,425 | €94,653 | +€228 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €982 | -€243 | -19.8% |
| Other operating charges | 640/8 | €2,161 | €2,228 | +€67 | +3.1% |
| Gross operating margin | 9900 | €197 | €1,610 | +€1,412 | +715% |
| Operating profit (loss) | 9901 | -€3,189 | -€1,601 | +€1,588 | +49.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €120 | €166 | +€45 | +37.8% |
| Recurring financial charges | 65 | €120 | €166 | +€45 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,309 | -€1,766 | +€1,542 | +46.6% |
| Income taxes | 67/77 | €135 | €132 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€3,444 | -€1,899 | +€1,545 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,444 | -€1,899 | +€1,545 | +44.9% |
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 30 October 2026 via checked.be.