Vastgoed Visuals: 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 Visuals
Largest movements
- Cash -€14,803
down €14,803 (-46.9%), from €31,544 to €16,740
mainly Investment in fixed assets (net) (-€21,769) and Tax, wage and social debts (-€7,533)
- Tangible fixed assets +€9,338
up €9,338 (+30.3%), from €30,815 to €40,153
of which Furniture and vehicles: +€14,692
- Receivables within one year -€2,810
down €2,810 (-9.3%), from €30,070 to €27,261
of which Trade receivables: -€3,130
- Tax, wage and social debts -€7,533
down €7,533 (-31.3%), from €24,051 to €16,518
of which Remuneration and social security: -€7,496
- Current portion of long-term debt -€1,468
down €1,468 (-100%), from €1,468 to €0
- Staff costs +€16,334
up €16,334 (+33.5%), from €48,754 to €65,089
- Gross operating margin -€8,495
down €8,495 (-9.3%), from €91,025 to €82,530
- Taxes -€6,442
down €6,442 (-90.1%), from €7,148 to €706
- Depreciation +€3,460
up €3,460 (+38.6%), from €8,971 to €12,431
- Financial charges +€1,637
up €1,637 (+135%), from €1,216 to €2,853
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 | €94,785 | €86,520 | -€8,265 | -8.7% |
| Fixed assets | 21/28 | €30,815 | €40,153 | +€9,338 | +30.3% |
| Tangible fixed assets | 22/27 | €30,815 | €40,153 | +€9,338 | +30.3% |
| Plant, machinery and equipment | 23 | €6,981 | €6,235 | -€747 | -10.7% |
| Furniture and vehicles | 24 | €5,966 | €20,657 | +€14,692 | +246% |
| Leasing and similar rights | 25 | €2,290 | €0 | -€2,290 | -100% |
| Other tangible fixed assets | 26 | €15,578 | €13,261 | -€2,316 | -14.9% |
| Current assets | 29/58 | €63,970 | €46,367 | -€17,603 | -27.5% |
| Amounts receivable within one year | 40/41 | €30,070 | €27,261 | -€2,810 | -9.3% |
| Trade receivables | 40 | €27,299 | €24,168 | -€3,130 | -11.5% |
| Other amounts receivable | 41 | €2,772 | €3,093 | +€321 | +11.6% |
| Cash at bank and in hand | 54/58 | €31,544 | €16,740 | -€14,803 | -46.9% |
| Deferred charges and accrued income | 490/1 | €2,356 | €2,365 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €94,785 | €86,520 | -€8,265 | -8.7% |
| Equity | 10/15 | €64,894 | €65,022 | +€128 | +0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,894 | €64,022 | +€128 | +0.2% |
| Distributable reserves | 133 | €63,894 | €64,022 | +€128 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,891 | €21,498 | -€8,393 | -28.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,891 | €21,498 | -€8,393 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €1,468 | €0 | -€1,468 | -100% |
| Trade debts | 44 | €4,147 | €4,957 | +€809 | +19.5% |
| Suppliers | 440/4 | €4,147 | €4,957 | +€809 | +19.5% |
| Taxes, remuneration and social security | 45 | €24,051 | €16,518 | -€7,533 | -31.3% |
| Taxes | 450/3 | €14,699 | €14,662 | -€37 | -0.2% |
| Remuneration and social security | 454/9 | €9,353 | €1,856 | -€7,496 | -80.2% |
| Other amounts payable | 47/48 | €224 | €23 | -€201 | -89.9% |
| Remuneration, social security and pensions | 62 | €48,754 | €65,089 | +€16,334 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,971 | €12,431 | +€3,460 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €345 | +€345 | |
| Other operating charges | 640/8 | €856 | €1,055 | +€199 | +23.3% |
| Gross operating margin | 9900 | €91,025 | €82,530 | -€8,495 | -9.3% |
| Operating profit (loss) | 9901 | €32,444 | €3,610 | -€28,834 | -88.9% |
| Financial income | 75/76B | €31 | €77 | +€46 | +150% |
| Recurring financial income | 75 | €31 | €77 | +€46 | +150% |
| Financial charges | 65/66B | €1,216 | €2,853 | +€1,637 | +135% |
| Recurring financial charges | 65 | €1,216 | €2,853 | +€1,637 | +135% |
| Profit (loss) for the period before taxes | 9903 | €31,259 | €834 | -€30,425 | -97.3% |
| Income taxes | 67/77 | €7,148 | €706 | -€6,442 | -90.1% |
| Profit (loss) for the period | 9904 | €24,111 | €128 | -€23,982 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,111 | €128 | -€23,982 | -99.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.