VASTGOED VOGELS: what changed
VASTGOED VOGELS
Largest movements
- Cash +€107,274
up €107,274 (+62.9%), from €170,620 to €277,895
mainly Net result for the year (+€100,445) and Depreciation (+€14,079)
- Tangible fixed assets +€4,720
up €4,720 (+13.6%), from €34,700 to €39,420
of which Furniture and vehicles: +€4,748
- Receivables within one year -€3,757
down €3,757 (-99.2%), from €3,789 to €32
of which Trade receivables: -€2,027
- Reserves +€100,445
up €100,445 (+58.1%), from €172,855 to €273,300
of which Distributable reserves: +€100,445
- Tax, wage and social debts +€8,572
up €8,572 (+74.8%), from €11,459 to €20,032
of which Taxes: +€8,572
- Gross operating margin +€76,357
up €76,357 (+89.2%), from €85,585 to €161,942
- Taxes +€23,688
up €23,688 (+116%), from €20,482 to €44,169
- Depreciation -€3,194
down €3,194 (-18.5%), from €17,273 to €14,079
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,881 | €323,059 | +€111,178 | +52.5% |
| Fixed assets | 21/28 | €34,700 | €39,420 | +€4,720 | +13.6% |
| Tangible fixed assets | 22/27 | €34,700 | €39,420 | +€4,720 | +13.6% |
| Furniture and vehicles | 24 | €9,478 | €14,226 | +€4,748 | +50.1% |
| Other tangible fixed assets | 26 | €25,222 | €25,194 | -€28 | -0.1% |
| Current assets | 29/58 | €177,181 | €283,639 | +€106,458 | +60.1% |
| Amounts receivable within one year | 40/41 | €3,789 | €32 | -€3,757 | -99.2% |
| Trade receivables | 40 | €2,059 | €32 | -€2,027 | -98.5% |
| Other amounts receivable | 41 | €1,730 | €0 | -€1,730 | -100% |
| Cash at bank and in hand | 54/58 | €170,620 | €277,895 | +€107,274 | +62.9% |
| Deferred charges and accrued income | 490/1 | €2,772 | €5,712 | +€2,940 | +106% |
| Total equity and liabilities | 10/49 | €211,881 | €323,059 | +€111,178 | +52.5% |
| Equity | 10/15 | €191,455 | €291,900 | +€100,445 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,855 | €273,300 | +€100,445 | +58.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,995 | €271,440 | +€100,445 | +58.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,425 | €31,159 | +€10,733 | +52.5% |
| Amounts payable within one year | 42/48 | €20,425 | €31,159 | +€10,733 | +52.5% |
| Trade debts | 44 | €2,023 | €5,179 | +€3,157 | +156% |
| Suppliers | 440/4 | €2,023 | €5,179 | +€3,157 | +156% |
| Taxes, remuneration and social security | 45 | €11,459 | €20,032 | +€8,572 | +74.8% |
| Taxes | 450/3 | €8,959 | €17,532 | +€8,572 | +95.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €6,943 | €5,947 | -€996 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,273 | €14,079 | -€3,194 | -18.5% |
| Other operating charges | 640/8 | €1,432 | €1,503 | +€71 | +5.0% |
| Non-recurring operating charges | 66A | - | €878 | +€878 | |
| Gross operating margin | 9900 | €85,585 | €161,942 | +€76,357 | +89.2% |
| Operating profit (loss) | 9901 | €66,880 | €145,481 | +€78,601 | +118% |
| Financial income | 75/76B | €0 | €43 | +€43 | |
| Recurring financial income | 75 | €0 | €43 | +€43 | |
| Financial charges | 65/66B | €1,249 | €909 | -€340 | -27.2% |
| Recurring financial charges | 65 | €1,249 | €909 | -€340 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €65,631 | €144,614 | +€78,983 | +120% |
| Income taxes | 67/77 | €20,482 | €44,169 | +€23,688 | +116% |
| Profit (loss) for the period | 9904 | €45,149 | €100,445 | +€55,296 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €45,149 | €100,445 | +€55,296 | +122% |
Next steps
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 7 November 2026 via checked.be.