VASTGOEDPARTNERS: 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.
VASTGOEDPARTNERS
Largest movements
- Receivables within one year -€101,806
down €101,806 (-61.8%), from €164,635 to €62,830
of which Trade receivables: -€102,774
- Cash +€55,156
up €55,156 (+23.6%), from €233,331 to €288,487
mainly Receivables within one year (+€101,806) and Net result for the year (+€32,745)
- Intangible fixed assets -€7,480
down €7,480 (-23.1%), from €32,415 to €24,935
- Trade debts -€33,967
down €33,967 (-22.7%), from €149,881 to €115,914
- Profit (loss) carried forward +€32,745
up €32,745 (+18.1%), from €180,424 to €213,169
- Tax, wage and social debts -€30,030
down €30,030 (-28.7%), from €104,572 to €74,541
of which Taxes: -€17,039
- Debts after one year -€18,562
down €18,562 (-15.0%), from €123,547 to €104,985
- Gross operating margin +€78,971
up €78,971 (+24.3%), from €324,861 to €403,832
- Staff costs +€46,069
up €46,069 (+17.1%), from €268,699 to €314,767
- Taxes +€7,929
up €7,929 (+85.3%), from €9,298 to €17,227
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 | €618,193 | €567,967 | -€50,226 | -8.1% |
| Fixed assets | 21/28 | €206,482 | €200,160 | -€6,322 | -3.1% |
| Intangible fixed assets | 21 | €32,415 | €24,935 | -€7,480 | -23.1% |
| Tangible fixed assets | 22/27 | €172,467 | €173,635 | +€1,168 | +0.7% |
| Land and buildings | 22 | €148,657 | €145,141 | -€3,516 | -2.4% |
| Plant, machinery and equipment | 23 | €3,817 | €3,758 | -€59 | -1.6% |
| Furniture and vehicles | 24 | €9,052 | €17,107 | +€8,055 | +89.0% |
| Other tangible fixed assets | 26 | €10,941 | €7,629 | -€3,312 | -30.3% |
| Financial fixed assets | 28 | €1,600 | €1,590 | -€10 | -0.6% |
| Current assets | 29/58 | €411,710 | €367,807 | -€43,904 | -10.7% |
| Amounts receivable within one year | 40/41 | €164,635 | €62,830 | -€101,806 | -61.8% |
| Trade receivables | 40 | €164,428 | €61,654 | -€102,774 | -62.5% |
| Other amounts receivable | 41 | €207 | €1,176 | +€968 | +467% |
| Cash at bank and in hand | 54/58 | €233,331 | €288,487 | +€55,156 | +23.6% |
| Deferred charges and accrued income | 490/1 | €13,744 | €16,490 | +€2,746 | +20.0% |
| Total equity and liabilities | 10/49 | €618,193 | €567,967 | -€50,226 | -8.1% |
| Equity | 10/15 | €200,829 | €233,574 | +€32,745 | +16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,424 | €213,169 | +€32,745 | +18.1% |
| Amounts payable | 17/49 | €417,364 | €334,392 | -€82,971 | -19.9% |
| Amounts payable after more than one year | 17 | €123,547 | €104,985 | -€18,562 | -15.0% |
| Financial debts | 170/4 | €123,547 | €104,985 | -€18,562 | -15.0% |
| Amounts payable within one year | 42/48 | €293,624 | €229,215 | -€64,409 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €19,027 | €19,519 | +€492 | +2.6% |
| Trade debts | 44 | €149,881 | €115,914 | -€33,967 | -22.7% |
| Suppliers | 440/4 | €149,881 | €115,914 | -€33,967 | -22.7% |
| Taxes, remuneration and social security | 45 | €104,572 | €74,541 | -€30,030 | -28.7% |
| Taxes | 450/3 | €58,131 | €41,092 | -€17,039 | -29.3% |
| Remuneration and social security | 454/9 | €46,441 | €33,449 | -€12,992 | -28.0% |
| Other amounts payable | 47/48 | €20,145 | €19,241 | -€904 | -4.5% |
| Accrued charges and deferred income | 492/3 | €192 | €192 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €268,699 | €314,767 | +€46,069 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,119 | €27,626 | +€2,507 | +10.0% |
| Other operating charges | 640/8 | €6,727 | €8,394 | +€1,667 | +24.8% |
| Non-recurring operating charges | 66A | - | €1,150 | +€1,150 | |
| Gross operating margin | 9900 | €324,861 | €403,832 | +€78,971 | +24.3% |
| Operating profit (loss) | 9901 | €24,316 | €51,894 | +€27,578 | +113% |
| Financial income | 75/76B | €515 | €1,498 | +€983 | +191% |
| Recurring financial income | 75 | €515 | €1,498 | +€983 | +191% |
| Financial charges | 65/66B | €3,956 | €3,420 | -€536 | -13.5% |
| Recurring financial charges | 65 | €3,956 | €3,420 | -€536 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €20,875 | €49,972 | +€29,097 | +139% |
| Income taxes | 67/77 | €9,298 | €17,227 | +€7,929 | +85.3% |
| Profit (loss) for the period | 9904 | €11,577 | €32,745 | +€21,168 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €11,577 | €32,745 | +€21,168 | +183% |
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 30 October 2026 via checked.be.