VASTGOED BEHEER: 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.
VASTGOED BEHEER
Largest movements
- Receivables within one year +€481,994
up €481,994 (+455%), from €105,849 to €587,844
of which Other amounts receivable: +€479,202
- Tangible fixed assets -€45,990
down €45,990 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€34,785
- Debts after one year +€419,058
up €419,058 (+64.8%), from €647,167 to €1.1m
of which Financial debts: +€596,664
- Other debts -€39,605
down €39,605 (-25.0%), from €158,255 to €118,650
- Profit (loss) carried forward +€29,814
up €29,814 (+19.7%), from -€151,022 to -€121,208
- Gross operating margin +€45,396
up €45,396 (+21.5%), from €210,883 to €256,279
- Financial charges -€43,916
down €43,916 (-38.4%), from €114,288 to €70,372
- Depreciation -€19,262
down €19,262 (-26.5%), from €72,686 to €53,423
- Other operating charges +€4,914
up €4,914 (+9.5%), from €51,596 to €56,510
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 | €2,017,960 | €2,455,445 | +€437,485 | +21.7% |
| Fixed assets | 21/28 | €1,836,536 | €1,790,547 | -€45,990 | -2.5% |
| Tangible fixed assets | 22/27 | €1,326,546 | €1,280,557 | -€45,990 | -3.5% |
| Land and buildings | 22 | €1,299,729 | €1,264,944 | -€34,785 | -2.7% |
| Plant, machinery and equipment | 23 | €10,337 | €7,787 | -€2,549 | -24.7% |
| Furniture and vehicles | 24 | €16,481 | €7,826 | -€8,655 | -52.5% |
| Financial fixed assets | 28 | €509,990 | €509,990 | = | 0.0% |
| Current assets | 29/58 | €181,424 | €664,898 | +€483,475 | +266% |
| Amounts receivable within one year | 40/41 | €105,849 | €587,844 | +€481,994 | +455% |
| Trade receivables | 40 | €21,160 | €23,952 | +€2,792 | +13.2% |
| Other amounts receivable | 41 | €84,689 | €563,892 | +€479,202 | +566% |
| Cash at bank and in hand | 54/58 | €62,276 | €49,829 | -€12,447 | -20.0% |
| Deferred charges and accrued income | 490/1 | €13,298 | €27,225 | +€13,928 | +105% |
| Total equity and liabilities | 10/49 | €2,017,960 | €2,455,445 | +€437,485 | +21.7% |
| Equity | 10/15 | €1,027,506 | €1,057,320 | +€29,814 | +2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,110,328 | €1,110,328 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,022 | -€121,208 | +€29,814 | +19.7% |
| Amounts payable | 17/49 | €990,454 | €1,398,125 | +€407,671 | +41.2% |
| Amounts payable after more than one year | 17 | €647,167 | €1,066,225 | +€419,058 | +64.8% |
| Financial debts | 170/4 | €55,520 | €652,184 | +€596,664 | +1,075% |
| Other amounts payable | 178/9 | €591,647 | €414,041 | -€177,606 | -30.0% |
| Amounts payable within one year | 42/48 | €343,287 | €321,900 | -€21,387 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €133,336 | €133,336 | = | 0.0% |
| Trade debts | 44 | €46,228 | €68,364 | +€22,136 | +47.9% |
| Suppliers | 440/4 | €46,228 | €68,364 | +€22,136 | +47.9% |
| Taxes, remuneration and social security | 45 | €5,468 | €1,551 | -€3,918 | -71.6% |
| Taxes | 450/3 | €4,007 | €90 | -€3,918 | -97.8% |
| Remuneration and social security | 454/9 | €1,461 | €1,461 | = | 0.0% |
| Other amounts payable | 47/48 | €158,255 | €118,650 | -€39,605 | -25.0% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | - | €12,950 | +€12,950 | |
| Remuneration, social security and pensions | 62 | €45,238 | €46,435 | +€1,198 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,686 | €53,423 | -€19,262 | -26.5% |
| Other operating charges | 640/8 | €51,596 | €56,510 | +€4,914 | +9.5% |
| Gross operating margin | 9900 | €210,883 | €256,279 | +€45,396 | +21.5% |
| Operating profit (loss) | 9901 | €41,364 | €99,911 | +€58,547 | +142% |
| Financial income | 75/76B | €17 | €332 | +€315 | +1,899% |
| Recurring financial income | 75 | €17 | €332 | +€315 | +1,899% |
| Financial charges | 65/66B | €114,288 | €70,372 | -€43,916 | -38.4% |
| Recurring financial charges | 65 | €114,288 | €70,372 | -€43,916 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,907 | €29,871 | +€102,778 | |
| Income taxes | 67/77 | €90 | €57 | -€33 | -36.4% |
| Profit (loss) for the period | 9904 | -€72,997 | €29,814 | +€102,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,997 | €29,814 | +€102,811 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.