VASTGOEDTEAM: 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.
VASTGOEDTEAM
Largest movements
- Cash +€64,332
up €64,332, from €0 to €64,332
mainly Investment in fixed assets (net) (+€27,339) and Other debts (+€24,559)
- Tangible fixed assets -€37,810
down €37,810 (-11.3%), from €335,794 to €297,984
of which Land and buildings: -€36,604
- Debts after one year -€24,892
down €24,892 (-13.8%), from €180,424 to €155,532
- Other debts +€24,559
up €24,559 (+23.3%), from €105,301 to €129,860
- Reserves +€15,456
up €15,456 (+79.2%), from €19,510 to €34,966
of which Distributable reserves: +€15,456
- Profit (loss) carried forward +€8,523
up €8,523, from -€8,523 to €0
- Accrued charges and deferred income +€4,800
new in 2025: €4,800
- Gross operating margin +€41,422
up €41,422 (+204%), from €20,350 to €61,772
- Taxes +€7,753
up €7,753 (+77,528,500%), from €0 to €7,753
- Financial charges +€1,805
up €1,805 (+27.2%), from €6,645 to €8,451
- Depreciation -€1,228
down €1,228 (-10.5%), from €11,699 to €10,471
- Other operating charges +€643
up €643 (+6.1%), from €10,528 to €11,171
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 | €340,828 | €367,073 | +€26,245 | +7.7% |
| Fixed assets | 21/28 | €335,844 | €298,034 | -€37,810 | -11.3% |
| Tangible fixed assets | 22/27 | €335,794 | €297,984 | -€37,810 | -11.3% |
| Land and buildings | 22 | €331,767 | €295,163 | -€36,604 | -11.0% |
| Plant, machinery and equipment | 23 | €4,027 | €2,821 | -€1,206 | -30.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,984 | €69,039 | +€64,055 | +1,285% |
| Amounts receivable within one year | 40/41 | €3,768 | €4,707 | +€938 | +24.9% |
| Trade receivables | 40 | €878 | €3,275 | +€2,397 | +273% |
| Other amounts receivable | 41 | €2,890 | €1,432 | -€1,458 | -50.5% |
| Cash at bank and in hand | 54/58 | €0 | €64,332 | +€64,332 | |
| Deferred charges and accrued income | 490/1 | €1,216 | €0 | -€1,216 | -100% |
| Total equity and liabilities | 10/49 | €340,828 | €367,073 | +€26,245 | +7.7% |
| Equity | 10/15 | €17,311 | €41,290 | +€23,979 | +139% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €19,510 | €34,966 | +€15,456 | +79.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,650 | €33,106 | +€15,456 | +87.6% |
| Profit (loss) carried forward | 14 | -€8,523 | €0 | +€8,523 | |
| Amounts payable | 17/49 | €323,517 | €325,783 | +€2,267 | +0.7% |
| Amounts payable after more than one year | 17 | €180,424 | €155,532 | -€24,892 | -13.8% |
| Financial debts | 170/4 | €180,424 | €155,532 | -€24,892 | -13.8% |
| Amounts payable within one year | 42/48 | €143,093 | €165,451 | +€22,358 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €27,044 | €24,892 | -€2,153 | -8.0% |
| Financial debts | 43 | €746 | €0 | -€746 | -100% |
| Credit institutions | 430/8 | €746 | €0 | -€746 | -100% |
| Trade debts | 44 | €2,659 | €2,928 | +€269 | +10.1% |
| Suppliers | 440/4 | €2,659 | €2,928 | +€269 | +10.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,343 | €7,772 | +€429 | +5.8% |
| Taxes | 450/3 | €2,566 | €7,772 | +€5,206 | +203% |
| Remuneration and social security | 454/9 | €4,777 | €0 | -€4,777 | -100% |
| Other amounts payable | 47/48 | €105,301 | €129,860 | +€24,559 | +23.3% |
| Accrued charges and deferred income | 492/3 | - | €4,800 | +€4,800 | |
| Non-recurring operating income | 76A | €378 | €47,661 | +€47,283 | +12,504% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €10,471 | -€1,228 | -10.5% |
| Other operating charges | 640/8 | €10,528 | €11,171 | +€643 | +6.1% |
| Gross operating margin | 9900 | €20,350 | €61,772 | +€41,422 | +204% |
| Operating profit (loss) | 9901 | -€1,877 | €40,130 | +€42,008 | |
| Financial income | 75/76B | €0 | €52 | +€52 | |
| Recurring financial income | 75 | €0 | €52 | +€52 | |
| Financial charges | 65/66B | €6,645 | €8,451 | +€1,805 | +27.2% |
| Recurring financial charges | 65 | €6,645 | €8,451 | +€1,805 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,523 | €31,732 | +€40,254 | |
| Income taxes | 67/77 | €0 | €7,753 | +€7,753 | +77,528,500% |
| Profit (loss) for the period | 9904 | -€8,523 | €23,979 | +€32,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,523 | €23,979 | +€32,501 |
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.