Vastgoed Elien: what changed
What changed
Vastgoed Elien
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€123,301
2024 · €89,379+€33,922
Equity
€194,940
2024 · €72,473+€122,468
Cash
€165,212
2024 · €89,014+€76,198
Balance sheet total
€452,117
2024 · €372,895+€79,221
Largest movements
Assets
- Cash +€76,198
up €76,198 (+85.6%), from €89,014 to €165,212
mainly Net result for the year (+€123,301) and Tax, wage and social debts (+€35,456)
- Receivables within one year +€9,363
up €9,363 (+195%), from €4,812 to €14,175
Equity and liabilities
- Reserves +€122,468
up €122,468 (+182%), from €67,473 to €189,940
- Other debts -€59,733
down €59,733 (-72.0%), from €82,962 to €23,229
- Tax, wage and social debts +€35,456
up €35,456 (+106%), from €33,489 to €68,945
of which Taxes: +€35,378
- Debts after one year -€22,106
down €22,106 (-14.1%), from €156,401 to €134,295
Income statement
- Gross operating margin +€68,476
up €68,476 (+50.2%), from €136,526 to €205,003
- Taxes +€25,666
up €25,666 (+99.0%), from €25,930 to €51,596
- Depreciation +€5,622
up €5,622 (+51.5%), from €10,909 to €16,531
- Staff costs +€4,048
up €4,048 (+220%), from €1,844 to €5,892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,379
Gross operating margin
+€68,476
Staff costs
-€4,048
Depreciation
-€5,622
Other operating charges
+€590
Financial income
-€34
Financial charges
+€226
Taxes
-€25,666
Result 2025
€123,301
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€108,014
Investment
-€9,678
Financing
-€22,139
Cash 2024
€89,014
From operations (derived)
+€108,014
Net result for the year
+€123,301
Depreciation
+€16,531
Receivables within one year
-€9,363
Deferred charges and accrued income
-€513
Trade debts
+€1,507
Tax, wage and social debts
+€35,456
Other debts
-€59,733
Accrued charges and deferred income
+€830
Investment (derived)
-€9,678
Investment in fixed assets (net)
-€9,678
Financing
-€22,139
Debts after one year
-€22,106
Current portion of long-term debt
+€800
Contributions, distributions and other
-€833
Cash 2025
€165,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,895 | €452,117 | +€79,221 | +21.2% |
| Fixed assets | 21/28 | €277,842 | €270,989 | -€6,853 | -2.5% |
| Intangible fixed assets | 21 | €3,072 | €224 | -€2,848 | -92.7% |
| Tangible fixed assets | 22/27 | €274,770 | €270,765 | -€4,005 | -1.5% |
| Land and buildings | 22 | €234,434 | €235,330 | +€895 | +0.4% |
| Plant, machinery and equipment | 23 | €4,622 | €5,047 | +€425 | +9.2% |
| Furniture and vehicles | 24 | €34,125 | €29,140 | -€4,985 | -14.6% |
| Other tangible fixed assets | 26 | €1,589 | €1,248 | -€341 | -21.5% |
| Current assets | 29/58 | €95,054 | €181,128 | +€86,074 | +90.6% |
| Amounts receivable within one year | 40/41 | €4,812 | €14,175 | +€9,363 | +195% |
| Trade receivables | 40 | €4,812 | €14,175 | +€9,363 | +195% |
| Cash at bank and in hand | 54/58 | €89,014 | €165,212 | +€76,198 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,741 | +€513 | +41.8% |
| Total equity and liabilities | 10/49 | €372,895 | €452,117 | +€79,221 | +21.2% |
| Equity | 10/15 | €72,473 | €194,940 | +€122,468 | +169% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,473 | €189,940 | +€122,468 | +182% |
| Distributable reserves | 133 | €67,473 | €189,940 | +€122,468 | +182% |
| Amounts payable | 17/49 | €300,423 | €257,176 | -€43,247 | -14.4% |
| Amounts payable after more than one year | 17 | €156,401 | €134,295 | -€22,106 | -14.1% |
| Financial debts | 170/4 | €156,401 | €134,295 | -€22,106 | -14.1% |
| Amounts payable within one year | 42/48 | €143,987 | €122,017 | -€21,970 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €21,306 | €22,106 | +€800 | +3.8% |
| Trade debts | 44 | €6,231 | €7,738 | +€1,507 | +24.2% |
| Suppliers | 440/4 | €6,231 | €7,738 | +€1,507 | +24.2% |
| Taxes, remuneration and social security | 45 | €33,489 | €68,945 | +€35,456 | +106% |
| Taxes | 450/3 | €33,417 | €68,795 | +€35,378 | +106% |
| Remuneration and social security | 454/9 | €72 | €150 | +€78 | +108% |
| Other amounts payable | 47/48 | €82,962 | €23,229 | -€59,733 | -72.0% |
| Accrued charges and deferred income | 492/3 | €34 | €864 | +€830 | +2,409% |
| Remuneration, social security and pensions | 62 | €1,844 | €5,892 | +€4,048 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,909 | €16,531 | +€5,622 | +51.5% |
| Other operating charges | 640/8 | €1,970 | €1,380 | -€590 | -29.9% |
| Gross operating margin | 9900 | €136,526 | €205,003 | +€68,476 | +50.2% |
| Operating profit (loss) | 9901 | €121,804 | €181,200 | +€59,396 | +48.8% |
| Financial income | 75/76B | €69 | €35 | -€34 | -49.0% |
| Recurring financial income | 75 | €69 | €35 | -€34 | -49.0% |
| Financial charges | 65/66B | €6,564 | €6,339 | -€226 | -3.4% |
| Recurring financial charges | 65 | €6,564 | €6,339 | -€226 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €115,308 | €174,896 | +€59,588 | +51.7% |
| Income taxes | 67/77 | €25,930 | €51,596 | +€25,666 | +99.0% |
| Profit (loss) for the period | 9904 | €89,379 | €123,301 | +€33,922 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,379 | €123,301 | +€33,922 | +38.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.