VASTGOED GIO: 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 GIO
Largest movements
- Financial fixed assets +€354,000
new in 2025: €354,000
- Tangible fixed assets +€309,598
up €309,598 (+881%), from €35,131 to €344,729
of which Land and buildings: +€322,730
- Cash -€57,707
down €57,707 (-63.2%), from €91,348 to €33,640
mainly Investment in fixed assets (net) (-€714,731) and Tax, wage and social debts (-€28,747)
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€15,298
up €15,298 (+31.6%), from €48,417 to €63,715
of which Other amounts receivable: +€20,680
- Other debts +€475,479
up €475,479 (+106,579%), from €446 to €475,925
- Debts after one year +€123,544
new in 2025: €123,544
- Tax, wage and social debts -€28,747
no longer reported in 2025 (was €28,747)
- Reserves +€9,931
up €9,931 (+5.9%), from €168,275 to €178,206
- Depreciation +€39,351
up €39,351 (+334%), from €11,783 to €51,133
- Gross operating margin -€36,337
down €36,337 (-30.3%), from €119,968 to €83,631
- Taxes -€16,344
down €16,344 (-74.1%), from €22,065 to €5,721
- Financial charges +€10,134
up €10,134 (+314%), from €3,224 to €13,357
- Other operating charges +€2,855
up €2,855 (+451%), from €632 to €3,488
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 | €208,133 | €799,686 | +€591,553 | +284% |
| Fixed assets | 21/28 | €35,131 | €698,729 | +€663,598 | +1,889% |
| Tangible fixed assets | 22/27 | €35,131 | €344,729 | +€309,598 | +881% |
| Land and buildings | 22 | - | €322,730 | +€322,730 | |
| Plant, machinery and equipment | 23 | €19,562 | €12,097 | -€7,464 | -38.2% |
| Furniture and vehicles | 24 | €15,569 | €9,902 | -€5,667 | -36.4% |
| Financial fixed assets | 28 | - | €354,000 | +€354,000 | |
| Current assets | 29/58 | €173,002 | €100,957 | -€72,045 | -41.6% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €48,417 | €63,715 | +€15,298 | +31.6% |
| Trade receivables | 40 | €45,382 | €40,000 | -€5,382 | -11.9% |
| Other amounts receivable | 41 | €3,035 | €23,715 | +€20,680 | +681% |
| Cash at bank and in hand | 54/58 | €91,348 | €33,640 | -€57,707 | -63.2% |
| Deferred charges and accrued income | 490/1 | €3,238 | €3,602 | +€364 | +11.3% |
| Total equity and liabilities | 10/49 | €208,133 | €799,686 | +€591,553 | +284% |
| Equity | 10/15 | €173,275 | €183,206 | +€9,931 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €168,275 | €178,206 | +€9,931 | +5.9% |
| Distributable reserves | 133 | €168,275 | €178,206 | +€9,931 | +5.9% |
| Amounts payable | 17/49 | €34,858 | €616,480 | +€581,622 | +1,669% |
| Amounts payable after more than one year | 17 | - | €123,544 | +€123,544 | |
| Financial debts | 170/4 | - | €123,544 | +€123,544 | |
| Amounts payable within one year | 42/48 | €34,858 | €492,935 | +€458,078 | +1,314% |
| Current portion of amounts payable after more than one year | 42 | - | €7,174 | +€7,174 | |
| Financial debts | 43 | €5,072 | €6,904 | +€1,832 | +36.1% |
| Credit institutions | 430/8 | €5,072 | €6,904 | +€1,832 | +36.1% |
| Trade debts | 44 | €593 | €2,932 | +€2,339 | +394% |
| Suppliers | 440/4 | €593 | €2,932 | +€2,339 | +394% |
| Taxes, remuneration and social security | 45 | €28,747 | - | -€28,747 | |
| Taxes | 450/3 | €28,747 | - | -€28,747 | |
| Other amounts payable | 47/48 | €446 | €475,925 | +€475,479 | +106,579% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,783 | €51,133 | +€39,351 | +334% |
| Other operating charges | 640/8 | €632 | €3,488 | +€2,855 | +451% |
| Gross operating margin | 9900 | €119,968 | €83,631 | -€36,337 | -30.3% |
| Operating profit (loss) | 9901 | €107,553 | €29,009 | -€78,544 | -73.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €3,224 | €13,357 | +€10,134 | +314% |
| Recurring financial charges | 65 | €3,224 | €13,357 | +€10,134 | +314% |
| Profit (loss) for the period before taxes | 9903 | €104,334 | €15,652 | -€88,682 | -85.0% |
| Income taxes | 67/77 | €22,065 | €5,721 | -€16,344 | -74.1% |
| Profit (loss) for the period | 9904 | €82,269 | €9,931 | -€72,338 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,269 | €9,931 | -€72,338 | -87.9% |
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 23 October 2026 via checked.be.