VASTGOED CENTRUM: 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 CENTRUM
Largest movements
- Current investments +€75,193
up €75,193 (+10.4%), from €725,000 to €800,193
- Cash +€36,261
up €36,261 (+35.3%), from €102,773 to €139,033
mainly Debts after one year (+€193,616) and Net result for the year (+€124,922)
- Debts after one year +€193,616
up €193,616 (+50.2%), from €385,540 to €579,156
of which Other amounts payable: +€211,211
- Other debts -€182,487
down €182,487 (-91.5%), from €199,536 to €17,049
- Reserves +€124,922
up €124,922 (+12.5%), from €1.0m to €1.1m
of which Distributable reserves: +€125,146
- Tax, wage and social debts -€61,557
down €61,557 (-46.3%), from €133,073 to €71,516
of which Taxes: -€63,784
- Trade debts +€24,584
up €24,584 (+93.7%), from €26,234 to €50,818
- Gross operating margin -€65,114
down €65,114 (-13.1%), from €496,985 to €431,872
- Staff costs +€54,694
up €54,694 (+47.7%), from €114,750 to €169,444
- Taxes -€43,294
down €43,294 (-40.7%), from €106,385 to €63,091
- Write-downs -€14,187
down €14,187, from €7,300 to -€6,887
- Financial income -€9,388
down €9,388 (-68.3%), from €13,754 to €4,366
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 | €1,796,767 | €1,892,748 | +€95,981 | +5.3% |
| Fixed assets | 21/28 | €387,323 | €380,157 | -€7,166 | -1.9% |
| Tangible fixed assets | 22/27 | €386,823 | €379,657 | -€7,166 | -1.9% |
| Land and buildings | 22 | €332,656 | €323,694 | -€8,962 | -2.7% |
| Furniture and vehicles | 24 | €51,566 | €53,745 | +€2,180 | +4.2% |
| Other tangible fixed assets | 26 | €2,602 | €2,218 | -€384 | -14.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,409,443 | €1,512,591 | +€103,147 | +7.3% |
| Stocks and contracts in progress | 3 | €147,612 | €148,461 | +€849 | +0.6% |
| Stocks | 30/36 | €147,612 | €148,461 | +€849 | +0.6% |
| Amounts receivable within one year | 40/41 | €420,216 | €419,452 | -€764 | -0.2% |
| Trade receivables | 40 | €415,748 | €419,452 | +€3,704 | +0.9% |
| Other amounts receivable | 41 | €4,469 | €0 | -€4,469 | -100% |
| Current investments | 50/53 | €725,000 | €800,193 | +€75,193 | +10.4% |
| Cash at bank and in hand | 54/58 | €102,773 | €139,033 | +€36,261 | +35.3% |
| Deferred charges and accrued income | 490/1 | €13,842 | €5,452 | -€8,390 | -60.6% |
| Total equity and liabilities | 10/49 | €1,796,767 | €1,892,748 | +€95,981 | +5.3% |
| Equity | 10/15 | €1,028,803 | €1,153,724 | +€124,922 | +12.1% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €1,002,803 | €1,127,724 | +€124,922 | +12.5% |
| Tax-exempt reserves | 132 | €2,912 | €2,688 | -€224 | -7.7% |
| Distributable reserves | 133 | €999,891 | €1,125,036 | +€125,146 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €728 | €672 | -€56 | -7.7% |
| Deferred taxes | 168 | €728 | €672 | -€56 | -7.7% |
| Amounts payable | 17/49 | €767,236 | €738,352 | -€28,884 | -3.8% |
| Amounts payable after more than one year | 17 | €385,540 | €579,156 | +€193,616 | +50.2% |
| Financial debts | 170/4 | €133,617 | €116,022 | -€17,596 | -13.2% |
| Other amounts payable | 178/9 | €251,923 | €463,134 | +€211,211 | +83.8% |
| Amounts payable within one year | 42/48 | €376,266 | €156,979 | -€219,287 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €17,422 | €17,596 | +€173 | +1.0% |
| Trade debts | 44 | €26,234 | €50,818 | +€24,584 | +93.7% |
| Suppliers | 440/4 | €26,234 | €50,818 | +€24,584 | +93.7% |
| Taxes, remuneration and social security | 45 | €133,073 | €71,516 | -€61,557 | -46.3% |
| Taxes | 450/3 | €109,090 | €45,306 | -€63,784 | -58.5% |
| Remuneration and social security | 454/9 | €23,983 | €26,211 | +€2,228 | +9.3% |
| Other amounts payable | 47/48 | €199,536 | €17,049 | -€182,487 | -91.5% |
| Accrued charges and deferred income | 492/3 | €5,430 | €2,217 | -€3,213 | -59.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €114,750 | €169,444 | +€54,694 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,536 | €44,069 | +€4,533 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,300 | -€6,887 | -€14,187 | |
| Other operating charges | 640/8 | €6,295 | €15,004 | +€8,709 | +138% |
| Gross operating margin | 9900 | €496,985 | €431,872 | -€65,114 | -13.1% |
| Operating profit (loss) | 9901 | €329,104 | €210,241 | -€118,863 | -36.1% |
| Financial income | 75/76B | €13,754 | €4,366 | -€9,388 | -68.3% |
| Recurring financial income | 75 | €13,754 | €4,366 | -€9,388 | -68.3% |
| Financial charges | 65/66B | €21,713 | €26,650 | +€4,937 | +22.7% |
| Recurring financial charges | 65 | €21,713 | €26,650 | +€4,937 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €321,144 | €187,957 | -€133,188 | -41.5% |
| Transfer from deferred taxes | 780 | €56 | €56 | = | 0.0% |
| Income taxes | 67/77 | €106,385 | €63,091 | -€43,294 | -40.7% |
| Profit (loss) for the period | 9904 | €214,815 | €124,922 | -€89,893 | -41.8% |
| Transfer from tax-exempt reserves | 789 | €224 | €224 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €215,039 | €125,146 | -€89,893 | -41.8% |
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 18 October 2026 via checked.be.