VASTGOED LIEDEC: 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 LIEDEC
Largest movements
- Tangible fixed assets +€217,060
up €217,060 (+171%), from €127,237 to €344,297
of which Land and buildings: +€213,454
- Receivables within one year +€9,982
up €9,982 (+47.6%), from €20,976 to €30,957
of which Trade receivables: +€7,221
- Cash -€7,876
down €7,876 (-6.1%), from €130,185 to €122,309
mainly Investment in fixed assets (net) (-€234,675) and Contributions, distributions and other (-€53,429)
- Debts after one year +€217,478
up €217,478 (+13,912%), from €1,563 to €219,041
- Reserves -€13,482
down €13,482 (-7.5%), from €180,000 to €166,518
- Current portion of long-term debt +€12,427
up €12,427 (+199%), from €6,250 to €18,677
- Trade debts +€9,752
up €9,752 (+65.3%), from €14,941 to €24,693
- Tax, wage and social debts -€6,516
down €6,516 (-32.6%), from €20,009 to €13,493
of which Taxes: -€3,587
- Gross operating margin +€38,711
up €38,711 (+42.6%), from €90,843 to €129,554
- Depreciation +€7,615
up €7,615 (+76.2%), from €10,000 to €17,615
- Other operating charges +€6,529
up €6,529 (+229%), from €2,846 to €9,375
- Financial charges +€5,726
up €5,726 (+365%), from €1,567 to €7,293
- Staff costs +€2,113
up €2,113 (+4.5%), from €46,928 to €49,041
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 | €279,745 | €498,955 | +€219,210 | +78.4% |
| Fixed assets | 21/28 | €127,237 | €344,297 | +€217,060 | +171% |
| Tangible fixed assets | 22/27 | €127,237 | €344,297 | +€217,060 | +171% |
| Land and buildings | 22 | €121,873 | €335,327 | +€213,454 | +175% |
| Plant, machinery and equipment | 23 | €3,072 | €0 | -€3,072 | -100% |
| Furniture and vehicles | 24 | €2,293 | €8,971 | +€6,678 | +291% |
| Current assets | 29/58 | €152,508 | €154,658 | +€2,150 | +1.4% |
| Amounts receivable within one year | 40/41 | €20,976 | €30,957 | +€9,982 | +47.6% |
| Trade receivables | 40 | €8,795 | €16,017 | +€7,221 | +82.1% |
| Other amounts receivable | 41 | €12,181 | €14,941 | +€2,760 | +22.7% |
| Cash at bank and in hand | 54/58 | €130,185 | €122,309 | -€7,876 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,391 | +€45 | +3.3% |
| Total equity and liabilities | 10/49 | €279,745 | €498,955 | +€219,210 | +78.4% |
| Equity | 10/15 | €236,533 | €223,051 | -€13,482 | -5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €166,518 | -€13,482 | -7.5% |
| Distributable reserves | 133 | €180,000 | €166,518 | -€13,482 | -7.5% |
| Profit (loss) carried forward | 14 | €6,533 | €6,533 | = | 0.0% |
| Amounts payable | 17/49 | €43,212 | €275,904 | +€232,692 | +538% |
| Amounts payable after more than one year | 17 | €1,563 | €219,041 | +€217,478 | +13,912% |
| Financial debts | 170/4 | €1,563 | €219,041 | +€217,478 | +13,912% |
| Amounts payable within one year | 42/48 | €41,649 | €56,863 | +€15,214 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €18,677 | +€12,427 | +199% |
| Trade debts | 44 | €14,941 | €24,693 | +€9,752 | +65.3% |
| Suppliers | 440/4 | €14,941 | €24,693 | +€9,752 | +65.3% |
| Taxes, remuneration and social security | 45 | €20,009 | €13,493 | -€6,516 | -32.6% |
| Taxes | 450/3 | €8,130 | €4,543 | -€3,587 | -44.1% |
| Remuneration and social security | 454/9 | €11,879 | €8,949 | -€2,930 | -24.7% |
| Other amounts payable | 47/48 | €450 | €0 | -€450 | -100% |
| Remuneration, social security and pensions | 62 | €46,928 | €49,041 | +€2,113 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €17,615 | +€7,615 | +76.2% |
| Other operating charges | 640/8 | €2,846 | €9,375 | +€6,529 | +229% |
| Gross operating margin | 9900 | €90,843 | €129,554 | +€38,711 | +42.6% |
| Operating profit (loss) | 9901 | €31,069 | €53,524 | +€22,454 | +72.3% |
| Financial income | 75/76B | €726 | €875 | +€149 | +20.5% |
| Recurring financial income | 75 | €726 | €875 | +€149 | +20.5% |
| Financial charges | 65/66B | €1,567 | €7,293 | +€5,726 | +365% |
| Recurring financial charges | 65 | €1,567 | €7,293 | +€5,726 | +365% |
| Profit (loss) for the period before taxes | 9903 | €30,229 | €47,106 | +€16,877 | +55.8% |
| Income taxes | 67/77 | €6,532 | €7,160 | +€627 | +9.6% |
| Profit (loss) for the period | 9904 | €23,697 | €39,947 | +€16,250 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,697 | €39,947 | +€16,250 | +68.6% |
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 19 October 2026 via checked.be.