VASTGOED DELORE: 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 DELORE
Largest movements
- Cash -€39,179
down €39,179 (-62.0%), from €63,191 to €24,012
mainly Advances received (-€26,500) and Net result for the year (-€7,344)
- Receivables within one year +€2,494
up €2,494 (+155%), from €1,608 to €4,102
of which Other amounts receivable: +€2,494
- Deferred charges and accrued income +€2,210
up €2,210 (+92.4%), from €2,393 to €4,603
- Tangible fixed assets +€1,480
up €1,480 (+12.4%), from €11,893 to €13,373
of which Plant, machinery and equipment: +€1,073
- Advances received -€26,500
down €26,500 (-100%), from €26,500 to €0
- Profit (loss) carried forward -€7,344
down €7,344, from €6,804 to -€540
- Other debts +€2,766
up €2,766 (+596%), from €464 to €3,230
- Trade debts -€1,258
down €1,258 (-24.3%), from €5,174 to €3,915
- Gross operating margin -€16,192
down €16,192, from €13,152 to -€3,040
- Depreciation -€7,414
down €7,414 (-84.7%), from €8,748 to €1,334
- Other operating charges -€494
down €494 (-15.6%), from €3,164 to €2,670
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 | €79,103 | €46,109 | -€32,994 | -41.7% |
| Fixed assets | 21/28 | €11,911 | €13,392 | +€1,480 | +12.4% |
| Tangible fixed assets | 22/27 | €11,893 | €13,373 | +€1,480 | +12.4% |
| Land and buildings | 22 | €10,335 | €9,986 | -€349 | -3.4% |
| Plant, machinery and equipment | 23 | €1,116 | €2,189 | +€1,073 | +96.1% |
| Furniture and vehicles | 24 | €441 | €1,198 | +€757 | +172% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €67,192 | €32,717 | -€34,474 | -51.3% |
| Amounts receivable within one year | 40/41 | €1,608 | €4,102 | +€2,494 | +155% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,608 | €4,102 | +€2,494 | +155% |
| Cash at bank and in hand | 54/58 | €63,191 | €24,012 | -€39,179 | -62.0% |
| Deferred charges and accrued income | 490/1 | €2,393 | €4,603 | +€2,210 | +92.4% |
| Total equity and liabilities | 10/49 | €79,103 | €46,109 | -€32,994 | -41.7% |
| Equity | 10/15 | €46,014 | €38,670 | -€7,344 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,804 | -€540 | -€7,344 | |
| Amounts payable | 17/49 | €33,088 | €7,439 | -€25,650 | -77.5% |
| Amounts payable within one year | 42/48 | €33,088 | €7,439 | -€25,650 | -77.5% |
| Financial debts | 43 | €658 | €0 | -€658 | -100% |
| Credit institutions | 430/8 | €658 | €0 | -€658 | -100% |
| Trade debts | 44 | €5,174 | €3,915 | -€1,258 | -24.3% |
| Suppliers | 440/4 | €5,174 | €3,915 | -€1,258 | -24.3% |
| Advances received on contracts in progress | 46 | €26,500 | €0 | -€26,500 | -100% |
| Taxes, remuneration and social security | 45 | €293 | €293 | = | 0.0% |
| Taxes | 450/3 | €293 | €293 | = | 0.0% |
| Other amounts payable | 47/48 | €464 | €3,230 | +€2,766 | +596% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,748 | €1,334 | -€7,414 | -84.7% |
| Other operating charges | 640/8 | €3,164 | €2,670 | -€494 | -15.6% |
| Gross operating margin | 9900 | €13,152 | -€3,040 | -€16,192 | |
| Operating profit (loss) | 9901 | €1,239 | -€7,044 | -€8,283 | |
| Financial income | 75/76B | €31 | €86 | +€55 | +181% |
| Recurring financial income | 75 | €31 | €86 | +€55 | +181% |
| Financial charges | 65/66B | €90 | €145 | +€54 | +60.1% |
| Recurring financial charges | 65 | €90 | €145 | +€54 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €1,180 | -€7,102 | -€8,282 | |
| Income taxes | 67/77 | €302 | €242 | -€60 | -19.9% |
| Profit (loss) for the period | 9904 | €878 | -€7,344 | -€8,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €878 | -€7,344 | -€8,222 |
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 24 October 2026 via checked.be.