VIZIT VASTGOED: what changed
VIZIT VASTGOED
Largest movements
- Tangible fixed assets -€10,710
down €10,710 (-4.5%), from €236,300 to €225,590
of which Land and buildings: -€7,635
- Receivables within one year -€7,298
down €7,298 (-32.7%), from €22,293 to €14,995
of which Trade receivables: -€10,329
- Cash +€7,173
up €7,173 (+35.2%), from €20,398 to €27,571
mainly Net result for the year (+€42,048) and Depreciation (+€11,098)
- Trade debts -€17,306
down €17,306 (-88.4%), from €19,584 to €2,278
- Reserves +€17,048
up €17,048 (+33.8%), from €50,507 to €67,555
- Debts after one year -€11,731
down €11,731 (-7.2%), from €164,069 to €152,338
- Other debts +€4,254
new in 2025: €4,254
- Tax, wage and social debts -€3,850
no longer reported in 2025 (was €3,850)
- Gross operating margin +€43,282
up €43,282 (+133%), from €32,484 to €75,765
- Taxes +€10,657
up €10,657 (+261%), from €4,082 to €14,739
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 | €279,379 | €268,156 | -€11,223 | -4.0% |
| Fixed assets | 21/28 | €236,688 | €225,590 | -€11,098 | -4.7% |
| Intangible fixed assets | 21 | €388 | - | -€388 | |
| Tangible fixed assets | 22/27 | €236,300 | €225,590 | -€10,710 | -4.5% |
| Land and buildings | 22 | €223,669 | €216,034 | -€7,635 | -3.4% |
| Furniture and vehicles | 24 | €12,631 | €9,556 | -€3,075 | -24.3% |
| Current assets | 29/58 | €42,691 | €42,566 | -€125 | -0.3% |
| Amounts receivable within one year | 40/41 | €22,293 | €14,995 | -€7,298 | -32.7% |
| Trade receivables | 40 | €15,423 | €5,094 | -€10,329 | -67.0% |
| Other amounts receivable | 41 | €6,869 | €9,901 | +€3,032 | +44.1% |
| Cash at bank and in hand | 54/58 | €20,398 | €27,571 | +€7,173 | +35.2% |
| Total equity and liabilities | 10/49 | €279,379 | €268,156 | -€11,223 | -4.0% |
| Equity | 10/15 | €80,507 | €97,555 | +€17,048 | +21.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €50,507 | €67,555 | +€17,048 | +33.8% |
| Distributable reserves | 133 | €50,507 | €67,555 | +€17,048 | +33.8% |
| Amounts payable | 17/49 | €198,872 | €170,601 | -€28,271 | -14.2% |
| Amounts payable after more than one year | 17 | €164,069 | €152,338 | -€11,731 | -7.2% |
| Financial debts | 170/4 | €164,069 | €152,338 | -€11,731 | -7.2% |
| Amounts payable within one year | 42/48 | €34,803 | €18,263 | -€16,540 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €11,369 | €11,731 | +€362 | +3.2% |
| Trade debts | 44 | €19,584 | €2,278 | -€17,306 | -88.4% |
| Suppliers | 440/4 | €19,584 | €2,278 | -€17,306 | -88.4% |
| Taxes, remuneration and social security | 45 | €3,850 | - | -€3,850 | |
| Taxes | 450/3 | €3,850 | - | -€3,850 | |
| Other amounts payable | 47/48 | - | €4,254 | +€4,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,689 | €11,098 | +€410 | +3.8% |
| Other operating charges | 640/8 | €2,261 | €2,439 | +€179 | +7.9% |
| Gross operating margin | 9900 | €32,484 | €75,765 | +€43,282 | +133% |
| Operating profit (loss) | 9901 | €19,534 | €62,228 | +€42,694 | +219% |
| Financial income | 75/76B | €0 | €0 | +€0 | +450% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +450% |
| Financial charges | 65/66B | €5,800 | €5,441 | -€358 | -6.2% |
| Recurring financial charges | 65 | €5,800 | €5,441 | -€358 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €13,735 | €56,787 | +€43,053 | +313% |
| Income taxes | 67/77 | €4,082 | €14,739 | +€10,657 | +261% |
| Profit (loss) for the period | 9904 | €9,652 | €42,048 | +€32,395 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €9,652 | €42,048 | +€32,395 | +336% |
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 4 November 2026 via checked.be.