VASTGOED B.N.E.: 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.
VASTGOED B.N.E.
Largest movements
- Tangible fixed assets +€487,370
up €487,370 (+10.4%), from €4.7m to €5.2m
of which Plant, machinery and equipment: +€665,514
- Receivables within one year +€121,971
up €121,971 (+46.0%), from €265,288 to €387,259
- Current portion of long-term debt +€197,871
up €197,871 (+71.1%), from €278,300 to €476,171
- Other debts +€163,512
up €163,512 (+12.2%), from €1.3m to €1.5m
- Debts after one year +€154,054
up €154,054 (+6.9%), from €2.2m to €2.4m
- Gross operating margin +€202,640
up €202,640 (+47.7%), from €425,089 to €627,730
- Depreciation +€158,391
up €158,391 (+55.8%), from €284,097 to €442,489
- Financial charges -€35,253
down €35,253 (-20.3%), from €173,245 to €137,992
- Other operating charges +€14,958
up €14,958 (+71.5%), from €20,913 to €35,871
- Financial income -€11,466
no longer reported in 2025 (was €11,466)
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 | €5,017,743 | €5,610,240 | +€592,496 | +11.8% |
| Fixed assets | 21/28 | €4,692,857 | €5,180,227 | +€487,370 | +10.4% |
| Tangible fixed assets | 22/27 | €4,692,857 | €5,180,227 | +€487,370 | +10.4% |
| Land and buildings | 22 | €2,617,355 | €2,445,060 | -€172,294 | -6.6% |
| Plant, machinery and equipment | 23 | €2,030,981 | €2,696,495 | +€665,514 | +32.8% |
| Furniture and vehicles | 24 | €44,521 | €38,671 | -€5,849 | -13.1% |
| Current assets | 29/58 | €324,887 | €430,013 | +€105,126 | +32.4% |
| Amounts receivable within one year | 40/41 | €265,288 | €387,259 | +€121,971 | +46.0% |
| Other amounts receivable | 41 | €265,288 | €387,259 | +€121,971 | +46.0% |
| Cash at bank and in hand | 54/58 | €52,404 | €42,754 | -€9,651 | -18.4% |
| Deferred charges and accrued income | 490/1 | €7,194 | - | -€7,194 | |
| Total equity and liabilities | 10/49 | €5,017,743 | €5,610,240 | +€592,496 | +11.8% |
| Equity | 10/15 | €913,418 | €913,973 | +€555 | +0.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €850,418 | €850,973 | +€555 | +0.1% |
| Amounts payable | 17/49 | €4,104,326 | €4,696,267 | +€591,941 | +14.4% |
| Amounts payable after more than one year | 17 | €2,243,096 | €2,397,150 | +€154,054 | +6.9% |
| Financial debts | 170/4 | €2,243,096 | €2,397,150 | +€154,054 | +6.9% |
| Amounts payable within one year | 42/48 | €1,623,075 | €2,004,962 | +€381,887 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €278,300 | €476,171 | +€197,871 | +71.1% |
| Trade debts | 44 | - | €20,504 | +€20,504 | |
| Suppliers | 440/4 | - | €20,504 | +€20,504 | |
| Other amounts payable | 47/48 | €1,344,776 | €1,508,288 | +€163,512 | +12.2% |
| Accrued charges and deferred income | 492/3 | €238,155 | €294,155 | +€56,000 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,097 | €442,489 | +€158,391 | +55.8% |
| Other operating charges | 640/8 | €20,913 | €35,871 | +€14,958 | +71.5% |
| Gross operating margin | 9900 | €425,089 | €627,730 | +€202,640 | +47.7% |
| Operating profit (loss) | 9901 | €120,079 | €149,370 | +€29,291 | +24.4% |
| Financial income | 75/76B | €11,466 | - | -€11,466 | |
| Recurring financial income | 75 | €11,466 | - | -€11,466 | |
| Financial charges | 65/66B | €173,245 | €137,992 | -€35,253 | -20.3% |
| Recurring financial charges | 65 | €173,245 | €137,992 | -€35,253 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,701 | €11,378 | +€53,079 | |
| Income taxes | 67/77 | €18,681 | €10,823 | -€7,859 | -42.1% |
| Profit (loss) for the period | 9904 | -€60,382 | €555 | +€60,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,382 | €555 | +€60,937 |
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 8 October 2026 via checked.be.