VASTGOED BROWAEYS: 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 BROWAEYS
Largest movements
- Receivables within one year -€41,562
down €41,562 (-15.1%), from €274,510 to €232,948
of which Trade receivables: -€62,030
- Tangible fixed assets -€28,613
down €28,613 (-11.3%), from €252,875 to €224,263
of which Furniture and vehicles: -€19,088
- Cash -€9,050
down €9,050 (-9.0%), from €101,111 to €92,061
mainly Trade debts (-€59,782) and Debts after one year (-€27,640)
- Trade debts -€59,782
down €59,782 (-65.5%), from €91,236 to €31,454
- Reserves +€33,729
up €33,729 (+9.1%), from €369,189 to €402,917
of which Distributable reserves: +€33,729
- Debts after one year -€27,640
down €27,640 (-55.0%), from €50,236 to €22,596
- Tax, wage and social debts -€11,458
down €11,458 (-27.4%), from €41,886 to €30,428
of which Taxes: -€18,912
- Current portion of long-term debt -€10,001
down €10,001 (-25.9%), from €38,600 to €28,598
- Staff costs +€29,930
up €29,930 (+108%), from €27,818 to €57,748
- Gross operating margin -€26,847
down €26,847 (-15.2%), from €176,843 to €149,996
- Taxes -€19,285
down €19,285 (-51.2%), from €37,632 to €18,347
- Other operating charges +€8,337
up €8,337 (+1,228%), from €679 to €9,016
- Depreciation -€2,452
down €2,452 (-7.9%), from €31,065 to €28,613
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 | €631,510 | €550,652 | -€80,858 | -12.8% |
| Fixed assets | 21/28 | €252,875 | €224,263 | -€28,613 | -11.3% |
| Tangible fixed assets | 22/27 | €252,875 | €224,263 | -€28,613 | -11.3% |
| Land and buildings | 22 | €198,835 | €190,338 | -€8,497 | -4.3% |
| Plant, machinery and equipment | 23 | €606 | €410 | -€196 | -32.3% |
| Furniture and vehicles | 24 | €51,093 | €32,005 | -€19,088 | -37.4% |
| Other tangible fixed assets | 26 | €2,342 | €1,509 | -€832 | -35.5% |
| Current assets | 29/58 | €378,635 | €326,390 | -€52,245 | -13.8% |
| Amounts receivable within one year | 40/41 | €274,510 | €232,948 | -€41,562 | -15.1% |
| Trade receivables | 40 | €267,292 | €205,262 | -€62,030 | -23.2% |
| Other amounts receivable | 41 | €7,218 | €27,687 | +€20,468 | +284% |
| Cash at bank and in hand | 54/58 | €101,111 | €92,061 | -€9,050 | -9.0% |
| Deferred charges and accrued income | 490/1 | €3,013 | €1,380 | -€1,633 | -54.2% |
| Total equity and liabilities | 10/49 | €631,510 | €550,652 | -€80,858 | -12.8% |
| Equity | 10/15 | €385,970 | €419,699 | +€33,729 | +8.7% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €369,189 | €402,917 | +€33,729 | +9.1% |
| Tax-exempt reserves | 132 | €111 | €111 | = | 0.0% |
| Distributable reserves | 133 | €369,078 | €402,806 | +€33,729 | +9.1% |
| Profit (loss) carried forward | 14 | €8,282 | €8,282 | = | 0.0% |
| Amounts payable | 17/49 | €245,540 | €130,953 | -€114,586 | -46.7% |
| Amounts payable after more than one year | 17 | €50,236 | €22,596 | -€27,640 | -55.0% |
| Financial debts | 170/4 | €50,236 | €22,596 | -€27,640 | -55.0% |
| Amounts payable within one year | 42/48 | €194,449 | €108,345 | -€86,104 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €38,600 | €28,598 | -€10,001 | -25.9% |
| Financial debts | 43 | €14,743 | €14,740 | -€3 | 0.0% |
| Credit institutions | 430/8 | €14,743 | €14,740 | -€3 | 0.0% |
| Trade debts | 44 | €91,236 | €31,454 | -€59,782 | -65.5% |
| Suppliers | 440/4 | €91,236 | €31,454 | -€59,782 | -65.5% |
| Advances received on contracts in progress | 46 | €847 | €1,210 | +€363 | +42.9% |
| Taxes, remuneration and social security | 45 | €41,886 | €30,428 | -€11,458 | -27.4% |
| Taxes | 450/3 | €37,646 | €18,733 | -€18,912 | -50.2% |
| Remuneration and social security | 454/9 | €4,240 | €11,695 | +€7,455 | +176% |
| Other amounts payable | 47/48 | €7,138 | €1,915 | -€5,223 | -73.2% |
| Accrued charges and deferred income | 492/3 | €854 | €12 | -€842 | -98.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,818 | €57,748 | +€29,930 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,065 | €28,613 | -€2,452 | -7.9% |
| Other operating charges | 640/8 | €679 | €9,016 | +€8,337 | +1,228% |
| Gross operating margin | 9900 | €176,843 | €149,996 | -€26,847 | -15.2% |
| Operating profit (loss) | 9901 | €117,281 | €54,619 | -€62,662 | -53.4% |
| Financial income | 75/76B | €3 | €167 | +€164 | +5,427% |
| Recurring financial income | 75 | €3 | €167 | +€164 | +5,427% |
| Financial charges | 65/66B | €3,565 | €2,710 | -€855 | -24.0% |
| Recurring financial charges | 65 | €3,565 | €2,710 | -€855 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €113,719 | €52,076 | -€61,643 | -54.2% |
| Income taxes | 67/77 | €37,632 | €18,347 | -€19,285 | -51.2% |
| Profit (loss) for the period | 9904 | €76,087 | €33,729 | -€42,358 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,087 | €33,729 | -€42,358 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.