Vastgoedbureau S: what changed
What changed
Vastgoedbureau S
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€47,488
2024 · €52,405-€4,917
Equity
€251,669
2024 · €204,181+€47,488
Cash
€140,660
2024 · €95,692+€44,968
Balance sheet total
€272,635
2024 · €229,178+€43,457
Largest movements
Assets
- Cash +€44,968
up €44,968 (+47.0%), from €95,692 to €140,660
mainly Net result for the year (+€47,488) and Receivables within one year (+€2,792)
- Receivables within one year -€2,792
down €2,792 (-10.1%), from €27,733 to €24,941
of which Trade receivables: -€16,026
Equity and liabilities
- Reserves +€47,488
up €47,488 (+25.6%), from €185,242 to €232,730
- Other debts -€3,759
down €3,759 (-100%), from €3,759 to €0
Income statement
- Financial income -€5,988
down €5,988 (-37.0%), from €16,174 to €10,186
- Taxes -€4,409
down €4,409 (-22.7%), from €19,410 to €15,001
- Gross operating margin -€2,953
down €2,953 (-4.9%), from €60,061 to €57,108
- Financial charges +€825
up €825 (+410%), from €201 to €1,026
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
€52,405
Gross operating margin
-€2,953
Depreciation
+€129
Other operating charges
+€309
Financial income
-€5,988
Financial charges
-€825
Taxes
+€4,409
Result 2025
€47,488
raises the resultlowers the result
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
+€48,035
Investment
-€3,067
Financing
€0
Cash 2024
€95,692
From operations (derived)
+€48,035
Net result for the year
+€47,488
Depreciation
+€2,427
Receivables within one year
+€2,792
Deferred charges and accrued income
-€641
Trade debts
-€161
Tax, wage and social debts
-€111
Other debts
-€3,759
Investment (derived)
-€3,067
Investment in fixed assets (net)
-€3,067
Cash 2025
€140,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,178 | €272,635 | +€43,457 | +19.0% |
| Fixed assets | 21/28 | €13,345 | €13,985 | +€640 | +4.8% |
| Tangible fixed assets | 22/27 | €4,231 | €4,871 | +€640 | +15.1% |
| Plant, machinery and equipment | 23 | €385 | €1,150 | +€765 | +199% |
| Furniture and vehicles | 24 | €1,239 | €1,984 | +€744 | +60.1% |
| Other tangible fixed assets | 26 | €2,607 | €1,738 | -€869 | -33.3% |
| Financial fixed assets | 28 | €9,114 | €9,114 | = | 0.0% |
| Current assets | 29/58 | €215,833 | €258,650 | +€42,816 | +19.8% |
| Amounts receivable within one year | 40/41 | €27,733 | €24,941 | -€2,792 | -10.1% |
| Trade receivables | 40 | €20,773 | €4,747 | -€16,026 | -77.1% |
| Other amounts receivable | 41 | €6,960 | €20,194 | +€13,234 | +190% |
| Current investments | 50/53 | €91,439 | €91,439 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,692 | €140,660 | +€44,968 | +47.0% |
| Deferred charges and accrued income | 490/1 | €969 | €1,609 | +€641 | +66.1% |
| Total equity and liabilities | 10/49 | €229,178 | €272,635 | +€43,457 | +19.0% |
| Equity | 10/15 | €204,181 | €251,669 | +€47,488 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,242 | €232,730 | +€47,488 | +25.6% |
| Distributable reserves | 133 | €185,242 | €232,730 | +€47,488 | +25.6% |
| Profit (loss) carried forward | 14 | €340 | €340 | = | 0.0% |
| Amounts payable | 17/49 | €24,997 | €20,965 | -€4,031 | -16.1% |
| Amounts payable within one year | 42/48 | €24,997 | €20,965 | -€4,031 | -16.1% |
| Trade debts | 44 | €2,675 | €2,514 | -€161 | -6.0% |
| Suppliers | 440/4 | €2,675 | €2,514 | -€161 | -6.0% |
| Taxes, remuneration and social security | 45 | €18,563 | €18,451 | -€111 | -0.6% |
| Taxes | 450/3 | €18,563 | €18,451 | -€111 | -0.6% |
| Other amounts payable | 47/48 | €3,759 | €0 | -€3,759 | -100% |
| Non-recurring operating income | 76A | - | €15,385 | +€15,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,556 | €2,427 | -€129 | -5.1% |
| Other operating charges | 640/8 | €1,662 | €1,353 | -€309 | -18.6% |
| Gross operating margin | 9900 | €60,061 | €57,108 | -€2,953 | -4.9% |
| Operating profit (loss) | 9901 | €55,842 | €53,329 | -€2,514 | -4.5% |
| Financial income | 75/76B | €16,174 | €10,186 | -€5,988 | -37.0% |
| Recurring financial income | 75 | €16,174 | €10,186 | -€5,988 | -37.0% |
| Financial charges | 65/66B | €201 | €1,026 | +€825 | +410% |
| Recurring financial charges | 65 | €201 | €1,026 | +€825 | +410% |
| Profit (loss) for the period before taxes | 9903 | €71,815 | €62,489 | -€9,327 | -13.0% |
| Income taxes | 67/77 | €19,410 | €15,001 | -€4,409 | -22.7% |
| Profit (loss) for the period | 9904 | €52,405 | €47,488 | -€4,917 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,405 | €47,488 | -€4,917 | -9.4% |
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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 4 November 2026 via checked.be.