VASTGOED D.: 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 D.
Largest movements
- Tangible fixed assets -€161,406
down €161,406 (-7.1%), from €2.3m to €2.1m
of which Land and buildings: -€151,060
- Debts after one year -€211,140
down €211,140 (-12.4%), from €1.7m to €1.5m
- Reserves +€61,483
up €61,483 (+26.6%), from €231,056 to €292,539
- Gross operating margin +€8,859
up €8,859 (+2.9%), from €306,833 to €315,692
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 | €2,300,923 | €2,143,376 | -€157,546 | -6.8% |
| Fixed assets | 21/28 | €2,275,534 | €2,114,127 | -€161,406 | -7.1% |
| Tangible fixed assets | 22/27 | €2,275,534 | €2,114,127 | -€161,406 | -7.1% |
| Land and buildings | 22 | €2,252,600 | €2,101,540 | -€151,060 | -6.7% |
| Plant, machinery and equipment | 23 | €22,933 | €12,587 | -€10,346 | -45.1% |
| Current assets | 29/58 | €25,389 | €29,249 | +€3,860 | +15.2% |
| Cash at bank and in hand | 54/58 | €17,302 | €26,882 | +€9,581 | +55.4% |
| Deferred charges and accrued income | 490/1 | €8,087 | €2,367 | -€5,721 | -70.7% |
| Total equity and liabilities | 10/49 | €2,300,923 | €2,143,376 | -€157,546 | -6.8% |
| Equity | 10/15 | €311,056 | €372,539 | +€61,483 | +19.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €231,056 | €292,539 | +€61,483 | +26.6% |
| Distributable reserves | 133 | €231,056 | €292,539 | +€61,483 | +26.6% |
| Amounts payable | 17/49 | €1,989,867 | €1,770,837 | -€219,029 | -11.0% |
| Amounts payable after more than one year | 17 | €1,709,013 | €1,497,874 | -€211,140 | -12.4% |
| Financial debts | 170/4 | €1,709,013 | €1,497,874 | -€211,140 | -12.4% |
| Amounts payable within one year | 42/48 | €274,993 | €272,964 | -€2,029 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €207,387 | €211,693 | +€4,306 | +2.1% |
| Trade debts | 44 | €33,648 | €26,819 | -€6,829 | -20.3% |
| Suppliers | 440/4 | €33,648 | €26,819 | -€6,829 | -20.3% |
| Taxes, remuneration and social security | 45 | €8,957 | €9,452 | +€494 | +5.5% |
| Taxes | 450/3 | €8,957 | €9,452 | +€494 | +5.5% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,861 | €0 | -€5,861 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,659 | €171,570 | +€911 | +0.5% |
| Other operating charges | 640/8 | €24,892 | €25,444 | +€551 | +2.2% |
| Gross operating margin | 9900 | €306,833 | €315,692 | +€8,859 | +2.9% |
| Operating profit (loss) | 9901 | €111,282 | €118,678 | +€7,396 | +6.6% |
| Financial charges | 65/66B | €38,043 | €36,701 | -€1,343 | -3.5% |
| Recurring financial charges | 65 | €38,043 | €36,701 | -€1,343 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €73,238 | €81,977 | +€8,739 | +11.9% |
| Income taxes | 67/77 | €18,957 | €20,494 | +€1,537 | +8.1% |
| Profit (loss) for the period | 9904 | €54,281 | €61,483 | +€7,202 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,281 | €61,483 | +€7,202 | +13.3% |
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 13 October 2026 via checked.be.