VASTGOED VALKENBORGH: what changed
What changed
VASTGOED VALKENBORGH
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€49,536
2024 · €69,338-€19,803
Equity
€372,500
2024 · €322,964+€49,536
Cash
€210,371
2024 · €152,282+€58,089
Balance sheet total
€1.0m
2024 · €1.0m-€8,136
Largest movements
Assets
- Tangible fixed assets -€58,937
down €58,937 (-6.9%), from €851,807 to €792,871
of which Land and buildings: -€48,647
- Cash +€58,089
up €58,089 (+38.1%), from €152,282 to €210,371
mainly Depreciation (+€71,644) and Net result for the year (+€49,536)
Equity and liabilities
- Reserves +€49,536
up €49,536 (+16.3%), from €304,364 to €353,900
- Debts after one year -€30,392
down €30,392 (-5.3%), from €572,434 to €542,041
- Tax, wage and social debts -€10,752
down €10,752 (-22.5%), from €47,797 to €37,045
Income statement
- Gross operating margin -€25,764
down €25,764 (-13.5%), from €191,099 to €165,335
- Taxes -€10,475
down €10,475 (-39.5%), from €26,491 to €16,015
- Depreciation +€8,271
up €8,271 (+13.1%), from €63,373 to €71,644
- Write-downs -€2,600
down €2,600 (-100%), from €2,600 to €0
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
€69,338
Gross operating margin
-€25,764
Depreciation
-€8,271
Write-downs
+€2,600
Other operating charges
-€326
Other operating items
-€58
Financial income
-€14
Financial charges
+€1,555
Taxes
+€10,475
Result 2025
€49,536
raises the resultlowers the resultnot broken down further in the accounts
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
+€101,388
Investment
-€13,665
Financing
-€29,634
Cash 2024
€152,282
From operations (derived)
+€101,388
Net result for the year
+€49,536
Depreciation
+€71,644
Receivables within one year
+€7,978
Deferred charges and accrued income
+€267
Trade debts
-€5,662
Tax, wage and social debts
-€10,752
Advances received
-€877
Other debts
-€9,837
Accrued charges and deferred income
-€909
Investment (derived)
-€13,665
Investment in fixed assets (net)
-€13,665
Financing
-€29,634
Debts after one year
-€30,392
Current portion of long-term debt
+€759
Cash 2025
€210,371
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,623 | €1,028,487 | -€8,136 | -0.8% |
| Fixed assets | 21/28 | €871,997 | €814,018 | -€57,979 | -6.6% |
| Tangible fixed assets | 22/27 | €851,807 | €792,871 | -€58,937 | -6.9% |
| Land and buildings | 22 | €725,461 | €676,814 | -€48,647 | -6.7% |
| Furniture and vehicles | 24 | €21,950 | €22,428 | +€477 | +2.2% |
| Other tangible fixed assets | 26 | €104,396 | €93,629 | -€10,767 | -10.3% |
| Financial fixed assets | 28 | €20,190 | €21,147 | +€958 | +4.7% |
| Current assets | 29/58 | €164,626 | €214,469 | +€49,843 | +30.3% |
| Amounts receivable within one year | 40/41 | €7,978 | €0 | -€7,978 | -100% |
| Trade receivables | 40 | €7,978 | €0 | -€7,978 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €152,282 | €210,371 | +€58,089 | +38.1% |
| Deferred charges and accrued income | 490/1 | €4,365 | €4,098 | -€267 | -6.1% |
| Total equity and liabilities | 10/49 | €1,036,623 | €1,028,487 | -€8,136 | -0.8% |
| Equity | 10/15 | €322,964 | €372,500 | +€49,536 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €304,364 | €353,900 | +€49,536 | +16.3% |
| Distributable reserves | 133 | €304,364 | €353,900 | +€49,536 | +16.3% |
| Amounts payable | 17/49 | €713,659 | €655,987 | -€57,671 | -8.1% |
| Amounts payable after more than one year | 17 | €572,434 | €542,041 | -€30,392 | -5.3% |
| Financial debts | 170/4 | €572,434 | €542,041 | -€30,392 | -5.3% |
| Amounts payable within one year | 42/48 | €130,831 | €104,462 | -€26,370 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €29,634 | €30,392 | +€759 | +2.6% |
| Trade debts | 44 | €7,660 | €1,998 | -€5,662 | -73.9% |
| Suppliers | 440/4 | €7,660 | €1,998 | -€5,662 | -73.9% |
| Advances received on contracts in progress | 46 | €877 | €0 | -€877 | -100% |
| Taxes, remuneration and social security | 45 | €47,797 | €37,045 | -€10,752 | -22.5% |
| Taxes | 450/3 | €47,797 | €37,045 | -€10,752 | -22.5% |
| Other amounts payable | 47/48 | €44,864 | €35,027 | -€9,837 | -21.9% |
| Accrued charges and deferred income | 492/3 | €10,394 | €9,484 | -€909 | -8.7% |
| Non-recurring operating income | 76A | €348 | €348 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,373 | €71,644 | +€8,271 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,600 | €0 | -€2,600 | -100% |
| Other operating charges | 640/8 | €8,033 | €8,359 | +€326 | +4.1% |
| Non-recurring operating charges | 66A | €242 | €300 | +€58 | +23.7% |
| Gross operating margin | 9900 | €191,099 | €165,335 | -€25,764 | -13.5% |
| Operating profit (loss) | 9901 | €116,851 | €85,032 | -€31,818 | -27.2% |
| Financial income | 75/76B | €14 | €0 | -€14 | -100% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100% |
| Financial charges | 65/66B | €21,036 | €19,481 | -€1,555 | -7.4% |
| Recurring financial charges | 65 | €21,036 | €19,481 | -€1,555 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €95,829 | €65,551 | -€30,278 | -31.6% |
| Income taxes | 67/77 | €26,491 | €16,015 | -€10,475 | -39.5% |
| Profit (loss) for the period | 9904 | €69,338 | €49,536 | -€19,803 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,338 | €49,536 | -€19,803 | -28.6% |
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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 5 November 2026 via checked.be.