Vastgoed XP: 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 XP
Largest movements
- Tangible fixed assets +€200,503
up €200,503 (+26.7%), from €750,603 to €951,106
of which Plant, machinery and equipment: +€234,691
- Receivables within one year +€59,004
up €59,004 (+107%), from €55,319 to €114,323
of which Other amounts receivable: +€55,638
- Cash -€36,816
down €36,816 (-25.4%), from €144,836 to €108,020
mainly Investment in fixed assets (net) (-€277,460) and Receivables within one year (-€59,004)
- Debts after one year +€141,085
up €141,085 (+290%), from €48,714 to €189,799
- Profit (loss) carried forward +€52,302
up €52,302 (+66.1%), from -€79,101 to -€26,799
- Current portion of long-term debt +€37,016
up €37,016 (+235%), from €15,749 to €52,765
- Gross operating margin +€45,224
up €45,224 (+40.5%), from €111,688 to €156,912
- Depreciation +€17,275
up €17,275 (+28.9%), from €59,683 to €76,957
- Financial charges +€3,392
up €3,392 (+250%), from €1,358 to €4,750
- Taxes +€1,906
up €1,906 (+25.8%), from €7,385 to €9,290
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 | €950,909 | €1,173,600 | +€222,691 | +23.4% |
| Fixed assets | 21/28 | €750,603 | €951,106 | +€200,503 | +26.7% |
| Tangible fixed assets | 22/27 | €750,603 | €951,106 | +€200,503 | +26.7% |
| Land and buildings | 22 | €597,074 | €564,746 | -€32,329 | -5.4% |
| Plant, machinery and equipment | 23 | €151,031 | €385,722 | +€234,691 | +155% |
| Furniture and vehicles | 24 | €2,497 | €638 | -€1,859 | -74.5% |
| Current assets | 29/58 | €200,307 | €222,494 | +€22,188 | +11.1% |
| Amounts receivable within one year | 40/41 | €55,319 | €114,323 | +€59,004 | +107% |
| Trade receivables | 40 | €4,836 | €8,202 | +€3,366 | +69.6% |
| Other amounts receivable | 41 | €50,484 | €106,122 | +€55,638 | +110% |
| Current investments | 50/53 | €151 | €151 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,836 | €108,020 | -€36,816 | -25.4% |
| Total equity and liabilities | 10/49 | €950,909 | €1,173,600 | +€222,691 | +23.4% |
| Equity | 10/15 | €542,899 | €595,201 | +€52,302 | +9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €560,000 | €560,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,101 | -€26,799 | +€52,302 | +66.1% |
| Amounts payable | 17/49 | €408,010 | €578,399 | +€170,389 | +41.8% |
| Amounts payable after more than one year | 17 | €48,714 | €189,799 | +€141,085 | +290% |
| Financial debts | 170/4 | €48,714 | €189,799 | +€141,085 | +290% |
| Amounts payable within one year | 42/48 | €359,296 | €388,600 | +€29,304 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €15,749 | €52,765 | +€37,016 | +235% |
| Trade debts | 44 | €3,587 | €3,818 | +€231 | +6.4% |
| Suppliers | 440/4 | €3,587 | €3,818 | +€231 | +6.4% |
| Taxes, remuneration and social security | 45 | €7,943 | - | -€7,943 | |
| Taxes | 450/3 | €7,943 | - | -€7,943 | |
| Other amounts payable | 47/48 | €332,017 | €332,017 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,683 | €76,957 | +€17,275 | +28.9% |
| Other operating charges | 640/8 | €13,416 | €13,617 | +€201 | +1.5% |
| Gross operating margin | 9900 | €111,688 | €156,912 | +€45,224 | +40.5% |
| Operating profit (loss) | 9901 | €38,590 | €66,338 | +€27,748 | +71.9% |
| Financial income | 75/76B | €3 | €4 | +€1 | +52.4% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +52.4% |
| Financial charges | 65/66B | €1,358 | €4,750 | +€3,392 | +250% |
| Recurring financial charges | 65 | €1,358 | €4,750 | +€3,392 | +250% |
| Profit (loss) for the period before taxes | 9903 | €37,234 | €61,592 | +€24,358 | +65.4% |
| Income taxes | 67/77 | €7,385 | €9,290 | +€1,906 | +25.8% |
| Profit (loss) for the period | 9904 | €29,850 | €52,302 | +€22,452 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,850 | €52,302 | +€22,452 | +75.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.