Vastned financials
Vastned
Country: BE Reporting currency: EUR Latest annual report: 2025-12-31
LEI:
54930068RSC6OT68NE51 Financial statements
(EUR, as reported — unscaled; 94 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Operating profit (EBIT) | €76.9M | €14.7M |
| Net finance income / (cost) | -€17.2M | -€4.1M |
| Finance costs | €16.3M | €3.2M |
| Profit before tax | €59.7M | €10.7M |
| Income tax expense | €10.6M | €29.0K |
| Profit for the year | €49.1M | €10.6M |
| — attributable to owners | €49.1M | €10.6M |
| — attributable to NCI | €0 | €0 |
| Total comprehensive income | €49.5M | €10.6M |
| Per share | ||
| Basic EPS | €3.04 | €2.10 |
| Diluted EPS | €3.04 | €2.10 |
| Free cash flow / share | €2.39 | €1.82 |
| Cash flow statement | ||
| Net cash from operating activities | €38.8M | €9.7M |
| Net cash from investing activities | -€9.2M | -€2.8M |
| Net cash from financing activities | -€28.6M | -€6.9M |
| Dividends paid | €1.8M | €23.6M |
| Proceeds from borrowings | €329.5M | €100.6M |
| Repayments of borrowings | €356.3M | €83.6M |
| Lease liability payments | €59.0K | €289.0K |
| Balance sheet | ||
| Total assets | €1.29B | €328.8M |
| Non-current assets | €1.27B | €322.8M |
| Current assets | €13.4M | €6.0M |
| Trade & other receivables | €7.8M | €2.2M |
| Cash & equivalents | €1.9M | €422.0K |
| Total equity | €725.5M | €219.2M |
| — attributable to owners | €725.5M | €219.2M |
| Non-controlling interests | €0 | €0 |
| Non-current liabilities | €485.2M | €103.6M |
| Lease liabilities (non-current) | €590.0K | €630.0K |
| Current liabilities | €74.6M | €6.1M |
| Lease liabilities (current) | €224.0K | €125.0K |
| Trade & other payables | €6.6M | €1.3M |
| Deferred tax liabilities | €32.1M | €1.5M |
| Derived metrics | ||
| Free cash flow | €38.6M | €9.2M |
| Return on equity | 6.8% | 4.9% |
| Cash conversion ratio | 0.79× | 0.91× |
| Capex coverage | 140.71× | 21.30× |
| Other reported items | ||
| Adjustments For Decrease Increase In Trade Account Receivable | -€12.0K | €60.0K |
| Adjustments For Deferred Tax Expense | -€9.2M | €34.0K |
| Adjustments For Depreciation and Amortisation Expense | €552.0K | €329.0K |
| Adjustments For Gains Losses On Fair Value Adjustment Investment Property | €23.3M | €1.2M |
| Adjustments For Income Tax Expense | -€1.5M | €0 |
| Adjustments For Increase Decrease In Other Current Liabilities | €1.2M | €92.0K |
| Adjustments For Increase Decrease In Trade and Other Payables | €276.0K | €820.0K |
| Cash and Cash Equivalents Recognised As of Acquisition Date | — | €444.0K |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | €3.3M |
| Comprehensive Income Attributable To Noncontrolling Interests | €0 | €0 |
| Comprehensive Income Attributable To Owners of Parent | €49.5M | €10.6M |
| Current Accruals and Current Deferred Income Including Current Contract Liabilities | €16.9M | €3.7M |
| Current Financial Assets | €0 | €0 |
| Current Financial Liabilities | €50.2M | €134.0K |
| Current Loans Received and Current Portion of Noncurrent Loans Received | €50.0M | €9.0K |
| Current Prepayments and Current Accrued Income Including Current Contract Assets | €1.3M | €1.4M |
| Current Provisions | €379.0K | €269.0K |
| Current Tax Expense Income | €1.4M | -€5.0K |
| Deferred Tax Assets | €190.0K | €0 |
| Deferred Tax Expense Income Recognised In Profit Or Loss | €9.2M | €34.0K |
| Direct Operating Expense From Investment Property Generating Rental Income | €86.0K | €215.0K |
| Dividends Recognised As Distributions To Owners of Parent Relating To Current Year | — | €11.7M |
| Equity and Liabilities | €1.29B | €328.8M |
| Finance Income | €57.0K | €2.0K |
| Gains Losses On Disposals of Investment Properties | €24.0K | €409.0K |
| Gains Losses On Fair Value Adjustment Investment Property | €23.3M | €1.1M |
| General and Administrative Expense | €4.9M | €1.2M |
| Increase Decrease In Working Capital | -€2.9M | €955.0K |
| Intangible Assets Other Than Goodwill | €0 | €2.0K |
| Interest Paid Classified As Operating Activities | €14.9M | €2.8M |
| Investment Property | €1.27B | €321.6M |
| Issued Capital | €191.0M | €97.2M |
| Liabilities | €559.8M | €109.6M |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | €0 | €584.0K |
| Noncurrent Financial Assets | €1.3M | €79.0K |
| Noncurrent Financial Liabilities | €443.5M | €101.3M |
| Noncurrent Portion of Noncurrent Loans Received | €442.9M | €100.6M |
| Noncurrent Provisions | €3.5M | €0 |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | €0 | €0 |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | €371.0K | €0 |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Other Current Nonfinancial Liabilities | €543.0K | €656.0K |
| Other Finance Cost | €64.0K | €11.0K |
| Other Noncurrent Financial Liabilities | €304.0K | €655.0K |
| Other Noncurrent Nonfinancial Assets | €1.5M | €1.2M |
| Other Noncurrent Nonfinancial Liabilities | €5.9M | €172.0K |
| Other Operating Income Expense | €43.0K | €15.0K |
| Proceeds From Sales of Investment Property | €608.0K | €1.6M |
| Property Management Expense | €4.8M | €1.5M |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €276.0K | €455.0K |
| Rental Income From Investment Property | €67.8M | €18.4M |
| Rental Income From Investment Property Net of Direct Operating Expense | €67.7M | €18.2M |
| Retained Earnings Profit Loss For Reporting Period | €49.1M | €10.6M |
| Sale Or Issue of Treasury Shares | €169.0K | — |
| Share Issue Related Cost | €1.4M | — |
| Share Premium | €472.7M | €4.2M |
| Weighted Average Shares | 19.5M | 5.1M |
Methodology
Every line item above is a fact tagged in Vastned's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.