DE VROE IMMO: 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.
What changed
DE VROE IMMO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€46,408
2024 · €154,994-€201,402
Equity
€1.1m
2024 · €1.1m-€46,408
Cash
€105,359
2024 · €229,626-€124,266
Balance sheet total
€3.3m
2024 · €3.2m+€60,552
Largest movements
Assets
- Tangible fixed assets +€401,824
up €401,824 (+15.0%), from €2.7m to €3.1m
of which Land and buildings: +€587,656
- Stocks and contracts -€230,530
down €230,530 (-100%), from €230,530 to €0
- Cash -€124,266
down €124,266 (-54.1%), from €229,626 to €105,359
mainly Investment in fixed assets (net) (-€623,331) and Other debts (-€50,011)
Equity and liabilities
- Trade debts +€186,610
up €186,610 (+144%), from €129,330 to €315,940
- Other debts -€50,011
down €50,011 (-88.0%), from €56,842 to €6,831
- Reserves -€46,408
down €46,408 (-5.6%), from €823,466 to €777,058
of which Tax-exempt reserves: -€57,175
- Debts after one year -€37,580
down €37,580 (-2.6%), from €1.4m to €1.4m
- Advances received +€35,346
up €35,346, from €0 to €35,346
Income statement
- Gross operating margin -€245,640
down €245,640 (-48.5%), from €506,758 to €261,118
- Other operating charges +€6,442
up €6,442 (+26.1%), from €24,679 to €31,121
- Depreciation +€5,940
up €5,940 (+2.8%), from €215,567 to €221,507
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.
Result 2024
€154,994
Gross operating margin
-€245,640
Depreciation
-€5,940
Other operating charges
-€6,442
Financial income
-€242
Financial charges
-€4,681
Taxes
-€68
Deferred taxes and other
+€61,611
Result 2025
-€46,408
lowers the resultnot broken down further in the accounts
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.
From operations
+€529,231
Investment
-€623,331
Financing
-€30,167
Cash 2024
€229,626
From operations (derived)
+€529,231
Net result for the year
-€46,408
Depreciation
+€221,507
Stocks and contracts
+€230,530
Receivables within one year
-€15,680
Deferred charges and accrued income
+€2,156
Provisions
-€19,058
Trade debts
+€186,610
Tax, wage and social debts
+€2,130
Advances received
+€35,346
Other debts
-€50,011
Accrued charges and deferred income
-€17,890
Investment (derived)
-€623,331
Investment in fixed assets (net)
-€623,331
Financing
-€30,167
Debts after one year
-€37,580
Current portion of long-term debt
+€7,413
Cash 2025
€105,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,206,303 | €3,266,854 | +€60,552 | +1.9% |
| Fixed assets | 21/28 | €2,686,828 | €3,088,652 | +€401,824 | +15.0% |
| Tangible fixed assets | 22/27 | €2,686,828 | €3,088,652 | +€401,824 | +15.0% |
| Land and buildings | 22 | €982,705 | €1,570,361 | +€587,656 | +59.8% |
| Plant, machinery and equipment | 23 | €54,083 | €42,363 | -€11,721 | -21.7% |
| Furniture and vehicles | 24 | €6,715 | €2,604 | -€4,111 | -61.2% |
| Leasing and similar rights | 25 | €1,643,324 | €1,473,324 | -€170,000 | -10.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €519,474 | €178,202 | -€341,272 | -65.7% |
| Stocks and contracts in progress | 3 | €230,530 | €0 | -€230,530 | -100% |
| Stocks | 30/36 | €230,530 | €0 | -€230,530 | -100% |
| Amounts receivable within one year | 40/41 | €46,794 | €62,475 | +€15,680 | +33.5% |
| Trade receivables | 40 | €36,479 | €56,688 | +€20,208 | +55.4% |
| Other amounts receivable | 41 | €10,315 | €5,787 | -€4,528 | -43.9% |
| Cash at bank and in hand | 54/58 | €229,626 | €105,359 | -€124,266 | -54.1% |
| Deferred charges and accrued income | 490/1 | €12,524 | €10,368 | -€2,156 | -17.2% |
| Total equity and liabilities | 10/49 | €3,206,303 | €3,266,854 | +€60,552 | +1.9% |
| Equity | 10/15 | €1,149,446 | €1,103,038 | -€46,408 | -4.0% |
| Contributions | 10/11 | €325,980 | €325,980 | = | 0.0% |
| Capital | 10 | €325,980 | €325,980 | = | 0.0% |
| Issued capital | 100 | €325,980 | €325,980 | = | 0.0% |
| Reserves | 13 | €823,466 | €777,058 | -€46,408 | -5.6% |
| Non-distributable reserves | 130/1 | €32,598 | €32,598 | = | 0.0% |
| Legal reserve | 130 | €32,598 | €32,598 | = | 0.0% |
| Tax-exempt reserves | 132 | €576,350 | €519,175 | -€57,175 | -9.9% |
| Distributable reserves | 133 | €214,518 | €225,286 | +€10,768 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €192,117 | €173,058 | -€19,058 | -9.9% |
| Deferred taxes | 168 | €192,117 | €173,058 | -€19,058 | -9.9% |
| Amounts payable | 17/49 | €1,864,740 | €1,990,758 | +€126,018 | +6.8% |
| Amounts payable after more than one year | 17 | €1,434,215 | €1,396,635 | -€37,580 | -2.6% |
| Financial debts | 170/4 | €1,434,215 | €1,396,635 | -€37,580 | -2.6% |
| Amounts payable within one year | 42/48 | €407,130 | €588,617 | +€181,487 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €205,429 | €212,841 | +€7,413 | +3.6% |
| Trade debts | 44 | €129,330 | €315,940 | +€186,610 | +144% |
| Suppliers | 440/4 | €129,330 | €315,940 | +€186,610 | +144% |
| Advances received on contracts in progress | 46 | €0 | €35,346 | +€35,346 | |
| Taxes, remuneration and social security | 45 | €15,529 | €17,659 | +€2,130 | +13.7% |
| Taxes | 450/3 | €15,529 | €17,659 | +€2,130 | +13.7% |
| Other amounts payable | 47/48 | €56,842 | €6,831 | -€50,011 | -88.0% |
| Accrued charges and deferred income | 492/3 | €23,395 | €5,505 | -€17,890 | -76.5% |
| Non-recurring operating income | 76A | €244,978 | €0 | -€244,978 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,567 | €221,507 | +€5,940 | +2.8% |
| Other operating charges | 640/8 | €24,679 | €31,121 | +€6,442 | +26.1% |
| Gross operating margin | 9900 | €506,758 | €261,118 | -€245,640 | -48.5% |
| Operating profit (loss) | 9901 | €266,512 | €8,490 | -€258,022 | -96.8% |
| Financial income | 75/76B | €434 | €192 | -€242 | -55.8% |
| Recurring financial income | 75 | €434 | €192 | -€242 | -55.8% |
| Financial charges | 65/66B | €64,319 | €69,001 | +€4,681 | +7.3% |
| Recurring financial charges | 65 | €64,319 | €69,001 | +€4,681 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €202,627 | -€60,319 | -€262,946 | |
| Transfer from deferred taxes | 780 | €18,692 | €19,058 | +€367 | +2.0% |
| Transfer to deferred taxes | 680 | €61,244 | €0 | -€61,244 | -100% |
| Income taxes | 67/77 | €5,080 | €5,147 | +€68 | +1.3% |
| Profit (loss) for the period | 9904 | €154,994 | -€46,408 | -€201,402 | |
| Transfer from tax-exempt reserves | 789 | €56,075 | €57,175 | +€1,100 | +2.0% |
| Transfer to tax-exempt reserves | 689 | €183,733 | €0 | -€183,733 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €27,336 | €10,768 | -€16,569 | -60.6% |
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 14 October 2026 via checked.be.