VASTGOEDBOUTIQUE: 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.
VASTGOEDBOUTIQUE
Largest movements
- Receivables within one year -€44,008
down €44,008 (-32.7%), from €134,552 to €90,545
of which Trade receivables: -€51,389
- Cash -€30,729
down €30,729 (-22.6%), from €135,927 to €105,198
mainly Advances received (-€91,846) and Short-term financial debts (-€14,045)
- Tangible fixed assets +€3,754
up €3,754 (+21.0%), from €17,876 to €21,630
of which Furniture and vehicles: +€4,904
- Advances received -€91,846
down €91,846 (-54.4%), from €168,816 to €76,970
- Trade debts +€22,362
up €22,362 (+51.2%), from €43,668 to €66,029
- Short-term financial debts -€14,045
down €14,045 (-100%), from €14,045 to €0
- Reserves +€9,311
up €9,311 (+34.9%), from €26,645 to €35,956
- Tax, wage and social debts +€9,251
up €9,251 (+47.7%), from €19,393 to €28,644
- Gross operating margin +€4,565
up €4,565 (+19.4%), from €23,524 to €28,089
- Other operating charges -€3,636
down €3,636 (-73.0%), from €4,981 to €1,345
- Financial charges -€639
down €639 (-10.1%), from €6,327 to €5,689
- Financial income +€616
up €616 (+263%), from €234 to €850
- Depreciation +€518
up €518 (+12.7%), from €4,069 to €4,587
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 | €297,969 | €229,434 | -€68,535 | -23.0% |
| Fixed assets | 21/28 | €18,776 | €22,530 | +€3,754 | +20.0% |
| Tangible fixed assets | 22/27 | €17,876 | €21,630 | +€3,754 | +21.0% |
| Land and buildings | 22 | €4,079 | €3,690 | -€388 | -9.5% |
| Plant, machinery and equipment | 23 | €3,219 | €3,297 | +€78 | +2.4% |
| Furniture and vehicles | 24 | €3,858 | €8,761 | +€4,904 | +127% |
| Other tangible fixed assets | 26 | €6,721 | €5,882 | -€839 | -12.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €279,193 | €206,904 | -€72,289 | -25.9% |
| Amounts receivable within one year | 40/41 | €134,552 | €90,545 | -€44,008 | -32.7% |
| Trade receivables | 40 | €118,808 | €67,419 | -€51,389 | -43.3% |
| Other amounts receivable | 41 | €15,744 | €23,125 | +€7,381 | +46.9% |
| Cash at bank and in hand | 54/58 | €135,927 | €105,198 | -€30,729 | -22.6% |
| Deferred charges and accrued income | 490/1 | €8,714 | €11,161 | +€2,447 | +28.1% |
| Total equity and liabilities | 10/49 | €297,969 | €229,434 | -€68,535 | -23.0% |
| Equity | 10/15 | €45,245 | €54,556 | +€9,311 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,645 | €35,956 | +€9,311 | +34.9% |
| Distributable reserves | 133 | €26,645 | €35,956 | +€9,311 | +34.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €252,725 | €174,878 | -€77,846 | -30.8% |
| Amounts payable after more than one year | 17 | €3,235 | €0 | -€3,235 | -100% |
| Financial debts | 170/4 | €3,235 | €0 | -€3,235 | -100% |
| Amounts payable within one year | 42/48 | €249,125 | €174,878 | -€74,246 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €3,203 | €3,235 | +€32 | +1.0% |
| Financial debts | 43 | €14,045 | €0 | -€14,045 | -100% |
| Credit institutions | 430/8 | €14,045 | €0 | -€14,045 | -100% |
| Trade debts | 44 | €43,668 | €66,029 | +€22,362 | +51.2% |
| Suppliers | 440/4 | €43,668 | €66,029 | +€22,362 | +51.2% |
| Advances received on contracts in progress | 46 | €168,816 | €76,970 | -€91,846 | -54.4% |
| Taxes, remuneration and social security | 45 | €19,393 | €28,644 | +€9,251 | +47.7% |
| Taxes | 450/3 | €19,393 | €28,644 | +€9,251 | +47.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €365 | €0 | -€365 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,069 | €4,587 | +€518 | +12.7% |
| Other operating charges | 640/8 | €4,981 | €1,345 | -€3,636 | -73.0% |
| Gross operating margin | 9900 | €23,524 | €28,089 | +€4,565 | +19.4% |
| Operating profit (loss) | 9901 | €14,474 | €22,157 | +€7,682 | +53.1% |
| Financial income | 75/76B | €234 | €850 | +€616 | +263% |
| Recurring financial income | 75 | €234 | €850 | +€616 | +263% |
| Financial charges | 65/66B | €6,327 | €5,689 | -€639 | -10.1% |
| Recurring financial charges | 65 | €6,327 | €5,689 | -€639 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €8,381 | €17,318 | +€8,937 | +107% |
| Income taxes | 67/77 | €8,176 | €8,007 | -€169 | -2.1% |
| Profit (loss) for the period | 9904 | €205 | €9,311 | +€9,106 | +4,445% |
| Profit (loss) for the period to be appropriated | 9905 | €205 | €9,311 | +€9,106 | +4,445% |
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 25 October 2026 via checked.be.