VDA-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.
VDA-VASTGOED
Largest movements
- Receivables within one year -€6,627
down €6,627 (-4.2%), from €156,939 to €150,312
of which Other amounts receivable: -€5,500
- Cash +€5,601
up €5,601 (+231%), from €2,425 to €8,026
mainly Net result for the year (+€18,822) and Depreciation (+€8,202)
- Debts after one year -€26,417
down €26,417 (-30.5%), from €86,629 to €60,212
of which Financial debts: -€26,417
- Reserves +€18,822
up €18,822 (+14.3%), from €131,560 to €150,382
of which Distributable reserves: +€18,822
- Trade debts +€4,496
up €4,496 (+381%), from €1,180 to €5,676
- Other operating charges -€2,563
down €2,563 (-17.0%), from €15,063 to €12,501
- Financial charges -€826
down €826 (-31.4%), from €2,627 to €1,801
- Gross operating margin -€648
down €648 (-1.5%), from €43,852 to €43,204
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 | €326,410 | €325,541 | -€869 | -0.3% |
| Fixed assets | 21/28 | €167,045 | €166,039 | -€1,006 | -0.6% |
| Tangible fixed assets | 22/27 | €166,797 | €165,791 | -€1,006 | -0.6% |
| Land and buildings | 22 | €166,797 | €165,791 | -€1,006 | -0.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €159,364 | €159,502 | +€137 | +0.1% |
| Amounts receivable within one year | 40/41 | €156,939 | €150,312 | -€6,627 | -4.2% |
| Trade receivables | 40 | €3,081 | €1,954 | -€1,127 | -36.6% |
| Other amounts receivable | 41 | €153,859 | €148,359 | -€5,500 | -3.6% |
| Cash at bank and in hand | 54/58 | €2,425 | €8,026 | +€5,601 | +231% |
| Deferred charges and accrued income | 490/1 | - | €1,163 | +€1,163 | |
| Total equity and liabilities | 10/49 | €326,410 | €325,541 | -€869 | -0.3% |
| Equity | 10/15 | €197,874 | €216,696 | +€18,822 | +9.5% |
| Contributions | 10/11 | €66,315 | €66,315 | = | 0.0% |
| Capital | 10 | €66,315 | €66,315 | = | 0.0% |
| Issued capital | 100 | €66,315 | €66,315 | = | 0.0% |
| Reserves | 13 | €131,560 | €150,382 | +€18,822 | +14.3% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €111,728 | €130,550 | +€18,822 | +16.8% |
| Amounts payable | 17/49 | €128,535 | €108,845 | -€19,691 | -15.3% |
| Amounts payable after more than one year | 17 | €86,629 | €60,212 | -€26,417 | -30.5% |
| Financial debts | 170/4 | €76,159 | €49,742 | -€26,417 | -34.7% |
| Other amounts payable | 178/9 | €10,471 | €10,471 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,906 | €48,632 | +€6,726 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €25,924 | €26,417 | +€493 | +1.9% |
| Trade debts | 44 | €1,180 | €5,676 | +€4,496 | +381% |
| Suppliers | 440/4 | €1,180 | €5,676 | +€4,496 | +381% |
| Taxes, remuneration and social security | 45 | €1,596 | €3,477 | +€1,882 | +118% |
| Taxes | 450/3 | €1,596 | €3,477 | +€1,882 | +118% |
| Other amounts payable | 47/48 | €13,205 | €13,061 | -€144 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,592 | €8,202 | -€390 | -4.5% |
| Other operating charges | 640/8 | €15,063 | €12,501 | -€2,563 | -17.0% |
| Gross operating margin | 9900 | €43,852 | €43,204 | -€648 | -1.5% |
| Operating profit (loss) | 9901 | €20,197 | €22,501 | +€2,304 | +11.4% |
| Financial income | 75/76B | €8 | €4 | -€4 | -51.9% |
| Recurring financial income | 75 | €8 | €4 | -€4 | -51.9% |
| Financial charges | 65/66B | €2,627 | €1,801 | -€826 | -31.4% |
| Recurring financial charges | 65 | €2,627 | €1,801 | -€826 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €17,579 | €20,704 | +€3,125 | +17.8% |
| Income taxes | 67/77 | €1,598 | €1,882 | +€284 | +17.8% |
| Profit (loss) for the period | 9904 | €15,981 | €18,822 | +€2,841 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,981 | €18,822 | +€2,841 | +17.8% |
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 16 October 2026 via checked.be.