VASTGOED E.3: 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 E.3
Largest movements
- Receivables within one year +€153,779
up €153,779 (+58.6%), from €262,570 to €416,349
of which Other amounts receivable: +€131,094
- Tangible fixed assets -€58,960
down €58,960 (-2.3%), from €2.6m to €2.5m
of which Land and buildings: -€124,221
- Profit (loss) carried forward +€83,819
up €83,819 (+4.4%), from €1.9m to €2.0m
- Taxes -€80,490
down €80,490 (-73.5%), from €109,461 to €28,972
- Financial income -€56,088
down €56,088 (-100.0%), from €56,097 to €9
- Gross operating margin +€11,092
up €11,092 (+3.8%), from €289,651 to €300,743
- Depreciation +€7,682
up €7,682 (+5.8%), from €133,380 to €141,061
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.
Cash bridge derived
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 | €4,849,249 | €4,895,709 | +€46,460 | +1.0% |
| Fixed assets | 21/28 | €2,716,129 | €2,657,279 | -€58,850 | -2.2% |
| Tangible fixed assets | 22/27 | €2,605,954 | €2,546,994 | -€58,960 | -2.3% |
| Land and buildings | 22 | €2,349,468 | €2,225,247 | -€124,221 | -5.3% |
| Plant, machinery and equipment | 23 | €256,486 | €321,747 | +€65,262 | +25.4% |
| Financial fixed assets | 28 | €110,176 | €110,285 | +€110 | +0.1% |
| Current assets | 29/58 | €2,133,119 | €2,238,430 | +€105,310 | +4.9% |
| Amounts receivable within one year | 40/41 | €262,570 | €416,349 | +€153,779 | +58.6% |
| Trade receivables | 40 | €2,570 | €25,255 | +€22,685 | +882.8% |
| Other amounts receivable | 41 | €260,000 | €391,094 | +€131,094 | +50.4% |
| Cash at bank and in hand | 54/58 | €1,870,550 | €1,822,081 | -€48,469 | -2.6% |
| Total equity and liabilities | 10/49 | €4,849,249 | €4,895,709 | +€46,460 | +1.0% |
| Equity | 10/15 | €3,023,385 | €3,107,204 | +€83,819 | +2.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,923,385 | €2,007,204 | +€83,819 | +4.4% |
| Provisions and deferred taxes | 16 | €1,787,675 | €1,787,675 | = | 0.0% |
| Deferred taxes | 168 | €1,787,675 | €1,787,675 | = | 0.0% |
| Amounts payable | 17/49 | €38,189 | €830 | -€37,358 | -97.8% |
| Amounts payable within one year | 42/48 | €38,189 | €830 | -€37,358 | -97.8% |
| Advances received on contracts in progress | 46 | €830 | €830 | = | 0.0% |
| Other amounts payable | 47/48 | €37,358 | - | -€37,358 | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,380 | €141,061 | +€7,682 | +5.8% |
| Other operating charges | 640/8 | €48,757 | €46,711 | -€2,046 | -4.2% |
| Gross operating margin | 9900 | €289,651 | €300,743 | +€11,092 | +3.8% |
| Operating profit (loss) | 9901 | €107,514 | €112,970 | +€5,456 | +5.1% |
| Financial income | 75/76B | €56,097 | €9 | -€56,088 | -100.0% |
| Recurring financial income | 75 | €56,097 | €9 | -€56,088 | -100.0% |
| Financial charges | 65/66B | €158 | €189 | +€31 | +19.8% |
| Recurring financial charges | 65 | €158 | €189 | +€31 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €163,454 | €112,790 | -€50,663 | -31.0% |
| Income taxes | 67/77 | €109,461 | €28,972 | -€80,490 | -73.5% |
| Profit (loss) for the period | 9904 | €53,992 | €83,819 | +€29,826 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,992 | €83,819 | +€29,826 | +55.2% |
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 10 October 2026 via checked.be.