Vastgoedplus: what changed
Vastgoedplus
Largest movements
- Cash +€66,537
up €66,537 (+170%), from €39,182 to €105,720
mainly Receivables within one year (+€51,492) and Other debts (+€50,317)
- Receivables within one year -€51,492
down €51,492 (-26.3%), from €196,140 to €144,648
of which Trade receivables: -€37,455
- Tangible fixed assets -€10,692
down €10,692 (-47.4%), from €22,550 to €11,857
of which Furniture and vehicles: -€10,983
- Other debts +€50,317
up €50,317 (+796%), from €6,317 to €56,634
- Reserves -€39,337
down €39,337 (-20.3%), from €193,616 to €154,279
- Current portion of long-term debt -€8,192
down €8,192 (-100%), from €8,192 to €0
- Trade debts +€3,470
up €3,470 (+167%), from €2,078 to €5,548
- Depreciation -€13,047
down €13,047 (-46.6%), from €28,015 to €14,968
- Staff costs +€3,741
up €3,741 (+7.7%), from €48,809 to €52,550
- Gross operating margin -€2,409
down €2,409 (-2.7%), from €90,893 to €88,484
- Taxes +€2,240
up €2,240 (+49.9%), from €4,489 to €6,729
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 | €266,262 | €272,055 | +€5,793 | +2.2% |
| Fixed assets | 21/28 | €26,150 | €15,457 | -€10,692 | -40.9% |
| Tangible fixed assets | 22/27 | €22,550 | €11,857 | -€10,692 | -47.4% |
| Plant, machinery and equipment | 23 | - | €1,128 | +€1,128 | |
| Furniture and vehicles | 24 | €16,579 | €5,596 | -€10,983 | -66.2% |
| Other tangible fixed assets | 26 | €5,971 | €5,134 | -€837 | -14.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €240,113 | €256,598 | +€16,485 | +6.9% |
| Amounts receivable within one year | 40/41 | €196,140 | €144,648 | -€51,492 | -26.3% |
| Trade receivables | 40 | €180,582 | €143,127 | -€37,455 | -20.7% |
| Other amounts receivable | 41 | €15,559 | €1,521 | -€14,037 | -90.2% |
| Cash at bank and in hand | 54/58 | €39,182 | €105,720 | +€66,537 | +170% |
| Deferred charges and accrued income | 490/1 | €4,790 | €6,230 | +€1,440 | +30.1% |
| Total equity and liabilities | 10/49 | €266,262 | €272,055 | +€5,793 | +2.2% |
| Equity | 10/15 | €212,216 | €172,879 | -€39,337 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,616 | €154,279 | -€39,337 | -20.3% |
| Distributable reserves | 133 | €193,616 | €154,279 | -€39,337 | -20.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,046 | €99,176 | +€45,130 | +83.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €54,046 | €99,176 | +€45,130 | +83.5% |
| Current portion of amounts payable after more than one year | 42 | €8,192 | €0 | -€8,192 | -100% |
| Trade debts | 44 | €2,078 | €5,548 | +€3,470 | +167% |
| Suppliers | 440/4 | €2,078 | €5,548 | +€3,470 | +167% |
| Taxes, remuneration and social security | 45 | €37,459 | €36,995 | -€465 | -1.2% |
| Taxes | 450/3 | €32,534 | €31,894 | -€640 | -2.0% |
| Remuneration and social security | 454/9 | €4,925 | €5,101 | +€175 | +3.6% |
| Other amounts payable | 47/48 | €6,317 | €56,634 | +€50,317 | +796% |
| Remuneration, social security and pensions | 62 | €48,809 | €52,550 | +€3,741 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,015 | €14,968 | -€13,047 | -46.6% |
| Other operating charges | 640/8 | €2,300 | €3,046 | +€746 | +32.4% |
| Gross operating margin | 9900 | €90,893 | €88,484 | -€2,409 | -2.7% |
| Operating profit (loss) | 9901 | €11,769 | €17,920 | +€6,151 | +52.3% |
| Financial income | 75/76B | €1 | €91 | +€91 | +14,852% |
| Recurring financial income | 75 | €1 | €91 | +€91 | +14,852% |
| Financial charges | 65/66B | €1,530 | €1,620 | +€90 | +5.9% |
| Recurring financial charges | 65 | €1,530 | €1,620 | +€90 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €10,240 | €16,392 | +€6,151 | +60.1% |
| Income taxes | 67/77 | €4,489 | €6,729 | +€2,240 | +49.9% |
| Profit (loss) for the period | 9904 | €5,751 | €9,663 | +€3,912 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,751 | €9,663 | +€3,912 | +68.0% |
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 5 November 2026 via checked.be.