VD-VASTGOED: 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.
VD-VASTGOED
Largest movements
- Receivables within one year -€5,490
down €5,490 (-59.3%), from €9,260 to €3,770
of which Other amounts receivable: -€5,899
- Profit (loss) carried forward -€53,352
down €53,352 (-1,276%), from -€4,180 to -€57,532
- Short-term financial debts +€25,514
up €25,514 (+7.4%), from €342,649 to €368,162
- Trade debts +€11,835
up €11,835 (+140%), from €8,471 to €20,306
- Tax, wage and social debts +€6,875
up €6,875, from €0 to €6,875
- Gross operating margin -€32,341
down €32,341, from €30,876 to -€1,465
- Other operating charges +€9,017
up €9,017 (+482%), from €1,872 to €10,889
- Financial charges +€7,802
up €7,802 (+25.8%), from €30,287 to €38,090
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 | €506,684 | €497,556 | -€9,128 | -1.8% |
| Fixed assets | 21/28 | €5,692 | €2,221 | -€3,471 | -61.0% |
| Tangible fixed assets | 22/27 | €5,692 | €2,221 | -€3,471 | -61.0% |
| Plant, machinery and equipment | 23 | €4,783 | €1,935 | -€2,847 | -59.5% |
| Furniture and vehicles | 24 | €910 | €286 | -€624 | -68.6% |
| Current assets | 29/58 | €500,991 | €495,334 | -€5,657 | -1.1% |
| Amounts receivable after more than one year | 29 | €14,490 | €14,997 | +€507 | +3.5% |
| Other amounts receivable | 291 | €14,490 | €14,997 | +€507 | +3.5% |
| Stocks and contracts in progress | 3 | €475,989 | €475,989 | = | 0.0% |
| Stocks | 30/36 | €475,989 | €475,989 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,260 | €3,770 | -€5,490 | -59.3% |
| Trade receivables | 40 | €2,949 | €3,358 | +€409 | +13.9% |
| Other amounts receivable | 41 | €6,311 | €412 | -€5,899 | -93.5% |
| Cash at bank and in hand | 54/58 | €745 | €14 | -€731 | -98.1% |
| Deferred charges and accrued income | 490/1 | €507 | €564 | +€57 | +11.2% |
| Total equity and liabilities | 10/49 | €506,684 | €497,556 | -€9,128 | -1.8% |
| Equity | 10/15 | €35,565 | -€17,787 | -€53,352 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €38,245 | €38,245 | = | 0.0% |
| Distributable reserves | 133 | €38,245 | €38,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,180 | -€57,532 | -€53,352 | -1,276% |
| Amounts payable | 17/49 | €471,119 | €515,343 | +€44,223 | +9.4% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €351,119 | €395,343 | +€44,223 | +12.6% |
| Financial debts | 43 | €342,649 | €368,162 | +€25,514 | +7.4% |
| Credit institutions | 430/8 | €342,649 | €368,162 | +€25,514 | +7.4% |
| Trade debts | 44 | €8,471 | €20,306 | +€11,835 | +140% |
| Suppliers | 440/4 | €8,471 | €20,306 | +€11,835 | +140% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €6,875 | +€6,875 | |
| Taxes | 450/3 | €0 | €6,875 | +€6,875 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,471 | €3,471 | = | 0.0% |
| Other operating charges | 640/8 | €1,872 | €10,889 | +€9,017 | +482% |
| Gross operating margin | 9900 | €30,876 | -€1,465 | -€32,341 | |
| Operating profit (loss) | 9901 | €25,532 | -€15,826 | -€41,358 | |
| Financial income | 75/76B | €575 | €564 | -€11 | -1.9% |
| Recurring financial income | 75 | €575 | €564 | -€11 | -1.9% |
| Financial charges | 65/66B | €30,287 | €38,090 | +€7,802 | +25.8% |
| Recurring financial charges | 65 | €30,287 | €38,090 | +€7,802 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,180 | -€53,352 | -€49,171 | -1,176% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,180 | -€53,352 | -€49,171 | -1,176% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,180 | -€53,352 | -€49,171 | -1,176% |
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 18 October 2026 via checked.be.