VASTGOED CW: 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 CW
Largest movements
- Stocks and contracts +€153,153
up €153,153 (+31.9%), from €479,888 to €633,040
- Receivables within one year +€123,921
up €123,921 (+1,433%), from €8,646 to €132,566
of which Trade receivables: +€128,619
- Cash -€19,537
down €19,537 (-95.3%), from €20,496 to €959
mainly Stocks and contracts (-€153,153) and Receivables within one year (-€123,921)
- Other debts +€250,838
up €250,838 (+16.4%), from €1.5m to €1.8m
- Profit (loss) carried forward +€55,406
up €55,406 (+4.0%), from -€1.4m to -€1.3m
- Accrued charges and deferred income -€47,000
no longer reported in 2025 (was €47,000)
- Gross operating margin +€464,704
up €464,704, from -€366,204 to €98,499
- Financial charges -€3,939
down €3,939 (-8.4%), from €47,098 to €43,159
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 | €741,529 | €997,565 | +€256,036 | +34.5% |
| Fixed assets | 21/28 | €1,500 | - | -€1,500 | |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €740,029 | €997,565 | +€257,536 | +34.8% |
| Stocks and contracts in progress | 3 | €479,888 | €633,040 | +€153,153 | +31.9% |
| Stocks | 30/36 | €479,888 | €633,040 | +€153,153 | +31.9% |
| Amounts receivable within one year | 40/41 | €8,646 | €132,566 | +€123,921 | +1,433% |
| Trade receivables | 40 | €35 | €128,654 | +€128,619 | +367,482% |
| Other amounts receivable | 41 | €8,611 | €3,912 | -€4,698 | -54.6% |
| Cash at bank and in hand | 54/58 | €20,496 | €959 | -€19,537 | -95.3% |
| Deferred charges and accrued income | 490/1 | €231,000 | €231,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €741,529 | €997,565 | +€256,036 | +34.5% |
| Equity | 10/15 | -€846,420 | -€791,014 | +€55,406 | +6.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €285,733 | €285,733 | = | 0.0% |
| Distributable reserves | 133 | €285,733 | €285,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,382,153 | -€1,326,747 | +€55,406 | +4.0% |
| Amounts payable | 17/49 | €1,587,949 | €1,788,579 | +€200,630 | +12.6% |
| Amounts payable within one year | 42/48 | €1,540,948 | €1,788,579 | +€247,630 | +16.1% |
| Trade debts | 44 | €6,664 | €3,527 | -€3,137 | -47.1% |
| Suppliers | 440/4 | €6,664 | €3,527 | -€3,137 | -47.1% |
| Advances received on contracts in progress | 46 | €265 | €195 | -€70 | -26.4% |
| Other amounts payable | 47/48 | €1,534,019 | €1,784,857 | +€250,838 | +16.4% |
| Accrued charges and deferred income | 492/3 | €47,000 | - | -€47,000 | |
| Other operating charges | 640/8 | €1,086 | - | -€1,086 | |
| Gross operating margin | 9900 | -€366,204 | €98,499 | +€464,704 | |
| Operating profit (loss) | 9901 | -€367,290 | €98,499 | +€465,789 | |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €47,098 | €43,159 | -€3,939 | -8.4% |
| Recurring financial charges | 65 | €47,098 | €43,159 | -€3,939 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€414,387 | €55,406 | +€469,793 | |
| Profit (loss) for the period | 9904 | -€414,387 | €55,406 | +€469,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€414,387 | €55,406 | +€469,793 |
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 19 October 2026 via checked.be.