VASTGOED COSTERMANS: 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 COSTERMANS
Largest movements
- Receivables within one year +€66,985
up €66,985 (+312%), from €21,488 to €88,472
of which Trade receivables: +€71,972
- Cash +€6,110
up €6,110 (+68.1%), from €8,968 to €15,079
mainly Other debts (+€100,415) and Depreciation (+€10,540)
- Other debts +€100,415
new in 2025: €100,415
- Debts after one year -€19,480
down €19,480 (-9.9%), from €195,894 to €176,414
- Reserves -€14,797
down €14,797 (-6.2%), from €237,271 to €222,474
of which Distributable reserves: -€14,797
- Financial income +€48,965
up €48,965 (+140,624%), from €35 to €49,000
- Financial charges +€36,361
up €36,361 (+517%), from €7,038 to €43,398
- Taxes +€454
up €454 (+123%), from €368 to €821
- Depreciation -€254
down €254 (-2.4%), from €10,793 to €10,540
- Gross operating margin +€174
up €174 (+1.2%), from €14,419 to €14,593
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 | €477,645 | €551,238 | +€73,593 | +15.4% |
| Fixed assets | 21/28 | €444,458 | €444,754 | +€296 | +0.1% |
| Tangible fixed assets | 22/27 | €346,065 | €346,361 | +€296 | +0.1% |
| Plant, machinery and equipment | 23 | €2,288 | €913 | -€1,374 | -60.1% |
| Furniture and vehicles | 24 | - | €2,199 | +€2,199 | |
| Other tangible fixed assets | 26 | €343,778 | €334,963 | -€8,815 | -2.6% |
| Assets under construction and advance payments | 27 | - | €8,286 | +€8,286 | |
| Financial fixed assets | 28 | €98,393 | €98,393 | = | 0.0% |
| Current assets | 29/58 | €33,187 | €106,485 | +€73,298 | +221% |
| Amounts receivable within one year | 40/41 | €21,488 | €88,472 | +€66,985 | +312% |
| Trade receivables | 40 | - | €71,972 | +€71,972 | |
| Other amounts receivable | 41 | €21,488 | €16,500 | -€4,988 | -23.2% |
| Cash at bank and in hand | 54/58 | €8,968 | €15,079 | +€6,110 | +68.1% |
| Deferred charges and accrued income | 490/1 | €2,731 | €2,934 | +€203 | +7.4% |
| Total equity and liabilities | 10/49 | €477,645 | €551,238 | +€73,593 | +15.4% |
| Equity | 10/15 | €254,121 | €241,074 | -€13,047 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €237,271 | €222,474 | -€14,797 | -6.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €235,411 | €220,614 | -€14,797 | -6.3% |
| Profit (loss) carried forward | 14 | -€1,750 | - | +€1,750 | |
| Amounts payable | 17/49 | €223,524 | €310,165 | +€86,640 | +38.8% |
| Amounts payable after more than one year | 17 | €195,894 | €176,414 | -€19,480 | -9.9% |
| Financial debts | 170/4 | €195,894 | €176,414 | -€19,480 | -9.9% |
| Amounts payable within one year | 42/48 | €27,630 | €133,751 | +€106,121 | +384% |
| Current portion of amounts payable after more than one year | 42 | €19,140 | €19,480 | +€341 | +1.8% |
| Trade debts | 44 | €2,170 | €6,967 | +€4,796 | +221% |
| Suppliers | 440/4 | €2,170 | €6,967 | +€4,796 | +221% |
| Taxes, remuneration and social security | 45 | €6,320 | €6,888 | +€568 | +9.0% |
| Taxes | 450/3 | €6,320 | €6,888 | +€568 | +9.0% |
| Other amounts payable | 47/48 | - | €100,415 | +€100,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,793 | €10,540 | -€254 | -2.4% |
| Other operating charges | 640/8 | €2,356 | €2,380 | +€25 | +1.1% |
| Gross operating margin | 9900 | €14,419 | €14,593 | +€174 | +1.2% |
| Operating profit (loss) | 9901 | €1,270 | €1,673 | +€403 | +31.8% |
| Financial income | 75/76B | €35 | €49,000 | +€48,965 | +140,624% |
| Recurring financial income | 75 | €35 | €49,000 | +€48,965 | +140,624% |
| Financial charges | 65/66B | €7,038 | €43,398 | +€36,361 | +517% |
| Recurring financial charges | 65 | €7,038 | €43,398 | +€36,361 | +517% |
| Profit (loss) for the period before taxes | 9903 | -€5,733 | €7,274 | +€13,008 | |
| Income taxes | 67/77 | €368 | €821 | +€454 | +123% |
| Profit (loss) for the period | 9904 | -€6,101 | €6,453 | +€12,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,101 | €6,453 | +€12,554 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.