VASTGOED LESIRE: 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 LESIRE
Largest movements
- Tangible fixed assets +€138,779
up €138,779 (+1,236%), from €11,225 to €150,003
of which Land and buildings: +€89,901
- Cash -€20,296
down €20,296 (-22.6%), from €89,715 to €69,419
mainly Investment in fixed assets (net) (-€155,380) and Other debts (-€56,475)
- Debts after one year +€159,066
new in 2025: €159,066
- Other debts -€56,475
down €56,475 (-89.7%), from €62,968 to €6,493
- Reserves +€19,296
up €19,296 (+210%), from €9,183 to €28,479
- Tax, wage and social debts -€11,322
down €11,322 (-67.8%), from €16,690 to €5,368
- Current portion of long-term debt +€8,621
new in 2025: €8,621
- Depreciation +€15,896
up €15,896 (+2,253%), from €706 to €16,602
- Gross operating margin +€14,755
up €14,755 (+43.9%), from €33,600 to €48,355
- Other operating charges +€1,601
up €1,601 (+262%), from €611 to €2,211
- Taxes +€1,317
up €1,317 (+18.3%), from €7,176 to €8,493
- Financial charges +€1,071
up €1,071 (+812%), from €132 to €1,202
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 | €102,797 | €223,032 | +€120,235 | +117% |
| Fixed assets | 21/28 | €11,225 | €150,003 | +€138,779 | +1,236% |
| Tangible fixed assets | 22/27 | €11,225 | €150,003 | +€138,779 | +1,236% |
| Land and buildings | 22 | - | €89,901 | +€89,901 | |
| Plant, machinery and equipment | 23 | €8,207 | €23,593 | +€15,385 | +187% |
| Furniture and vehicles | 24 | €3,017 | €36,509 | +€33,492 | +1,110% |
| Current assets | 29/58 | €91,572 | €73,029 | -€18,543 | -20.2% |
| Amounts receivable within one year | 40/41 | €409 | €976 | +€568 | +139% |
| Trade receivables | 40 | €409 | €666 | +€257 | +62.9% |
| Other amounts receivable | 41 | - | €311 | +€311 | |
| Cash at bank and in hand | 54/58 | €89,715 | €69,419 | -€20,296 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,448 | €2,633 | +€1,185 | +81.8% |
| Total equity and liabilities | 10/49 | €102,797 | €223,032 | +€120,235 | +117% |
| Equity | 10/15 | €21,583 | €40,879 | +€19,296 | +89.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,183 | €28,479 | +€19,296 | +210% |
| Distributable reserves | 133 | €9,183 | €28,479 | +€19,296 | +210% |
| Amounts payable | 17/49 | €81,214 | €182,154 | +€100,940 | +124% |
| Amounts payable after more than one year | 17 | - | €159,066 | +€159,066 | |
| Financial debts | 170/4 | - | €159,066 | +€159,066 | |
| Amounts payable within one year | 42/48 | €81,214 | €22,535 | -€58,679 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,621 | +€8,621 | |
| Trade debts | 44 | €1,556 | €1,884 | +€328 | +21.1% |
| Suppliers | 440/4 | €1,556 | €1,884 | +€328 | +21.1% |
| Advances received on contracts in progress | 46 | - | €169 | +€169 | |
| Taxes, remuneration and social security | 45 | €16,690 | €5,368 | -€11,322 | -67.8% |
| Taxes | 450/3 | €16,690 | €5,368 | -€11,322 | -67.8% |
| Other amounts payable | 47/48 | €62,968 | €6,493 | -€56,475 | -89.7% |
| Accrued charges and deferred income | 492/3 | - | €553 | +€553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €16,602 | +€15,896 | +2,253% |
| Other operating charges | 640/8 | €611 | €2,211 | +€1,601 | +262% |
| Gross operating margin | 9900 | €33,600 | €48,355 | +€14,755 | +43.9% |
| Operating profit (loss) | 9901 | €32,284 | €29,542 | -€2,742 | -8.5% |
| Financial income | 75/76B | €221 | €1,249 | +€1,028 | +465% |
| Recurring financial income | 75 | €221 | €1,249 | +€1,028 | +465% |
| Financial charges | 65/66B | €132 | €1,202 | +€1,071 | +812% |
| Recurring financial charges | 65 | €132 | €1,202 | +€1,071 | +812% |
| Profit (loss) for the period before taxes | 9903 | €32,373 | €29,589 | -€2,784 | -8.6% |
| Income taxes | 67/77 | €7,176 | €8,493 | +€1,317 | +18.3% |
| Profit (loss) for the period | 9904 | €25,197 | €21,096 | -€4,101 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,197 | €21,096 | -€4,101 | -16.3% |
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 26 October 2026 via checked.be.