VASTGOED V.D.S.: 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 V.D.S.
Largest movements
- Financial fixed assets +€275,000
up €275,000 (+104%), from €265,000 to €540,000
- Tangible fixed assets -€12,376
down €12,376 (-6.1%), from €203,151 to €190,775
- Other debts +€154,024
up €154,024 (+4,972%), from €3,098 to €157,122
- Profit (loss) carried forward +€104,084
up €104,084 (+1,197%), from €8,695 to €112,779
- Debts after one year -€23,792
down €23,792 (-10.7%), from €221,931 to €198,139
- Trade debts +€23,148
up €23,148 (+9,947%), from €233 to €23,381
- Financial income +€100,000
up €100,000 (+33,333,233%), from €0 to €100,000
- Gross operating margin -€17,663
down €17,663 (-35.0%), from €50,424 to €32,762
- Depreciation -€3,173
down €3,173 (-20.4%), from €15,549 to €12,376
- Financial charges -€2,938
down €2,938 (-23.4%), from €12,567 to €9,629
- Taxes -€847
down €847 (-37.7%), from €2,247 to €1,400
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 | €501,755 | €758,177 | +€256,422 | +51.1% |
| Fixed assets | 21/28 | €468,151 | €730,775 | +€262,624 | +56.1% |
| Tangible fixed assets | 22/27 | €203,151 | €190,775 | -€12,376 | -6.1% |
| Land and buildings | 22 | €203,151 | €190,775 | -€12,376 | -6.1% |
| Financial fixed assets | 28 | €265,000 | €540,000 | +€275,000 | +104% |
| Current assets | 29/58 | €33,603 | €27,402 | -€6,202 | -18.5% |
| Amounts receivable within one year | 40/41 | €24,622 | €25,033 | +€411 | +1.7% |
| Trade receivables | 40 | €8,340 | €6,240 | -€2,100 | -25.2% |
| Other amounts receivable | 41 | €16,282 | €18,793 | +€2,511 | +15.4% |
| Cash at bank and in hand | 54/58 | €8,981 | €2,369 | -€6,612 | -73.6% |
| Total equity and liabilities | 10/49 | €501,755 | €758,177 | +€256,422 | +51.1% |
| Equity | 10/15 | €230,743 | €334,827 | +€104,084 | +45.1% |
| Contributions | 10/11 | €163,000 | €163,000 | = | 0.0% |
| Reserves | 13 | €59,048 | €59,048 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,810 | €54,810 | = | 0.0% |
| Distributable reserves | 133 | €4,238 | €4,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,695 | €112,779 | +€104,084 | +1,197% |
| Provisions and deferred taxes | 16 | €18,270 | €18,270 | = | 0.0% |
| Deferred taxes | 168 | €18,270 | €18,270 | = | 0.0% |
| Amounts payable | 17/49 | €252,742 | €405,080 | +€152,338 | +60.3% |
| Amounts payable after more than one year | 17 | €221,931 | €198,139 | -€23,792 | -10.7% |
| Financial debts | 170/4 | €221,931 | €198,139 | -€23,792 | -10.7% |
| Amounts payable within one year | 42/48 | €30,811 | €206,541 | +€175,730 | +570% |
| Current portion of amounts payable after more than one year | 42 | €22,875 | €23,792 | +€916 | +4.0% |
| Trade debts | 44 | €233 | €23,381 | +€23,148 | +9,947% |
| Suppliers | 440/4 | €233 | €23,381 | +€23,148 | +9,947% |
| Taxes, remuneration and social security | 45 | €4,606 | €2,247 | -€2,359 | -51.2% |
| Taxes | 450/3 | €4,606 | €2,247 | -€2,359 | -51.2% |
| Other amounts payable | 47/48 | €3,098 | €157,122 | +€154,024 | +4,972% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,549 | €12,376 | -€3,173 | -20.4% |
| Other operating charges | 640/8 | €5,955 | €5,272 | -€682 | -11.5% |
| Gross operating margin | 9900 | €50,424 | €32,762 | -€17,663 | -35.0% |
| Operating profit (loss) | 9901 | €28,920 | €15,113 | -€13,807 | -47.7% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +33,333,233% |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | +33,333,233% |
| Financial charges | 65/66B | €12,567 | €9,629 | -€2,938 | -23.4% |
| Recurring financial charges | 65 | €12,567 | €9,629 | -€2,938 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €16,353 | €105,484 | +€89,130 | +545% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,247 | €1,400 | -€847 | -37.7% |
| Profit (loss) for the period | 9904 | €14,107 | €104,084 | +€89,978 | +638% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €14,107 | €104,084 | +€89,978 | +638% |
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 1 November 2026 via checked.be.