DOUBLE V² IMMO: what changed
Two fiscal 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.
DOUBLE V² IMMO
Largest movements
- Stocks and contracts +€139,504
up €139,504 (+75.0%), from €186,059 to €325,563
- Cash -€13,494
down €13,494 (-54.1%), from €24,957 to €11,463
mainly Stocks and contracts (-€139,504) and Other debts (-€28,433)
- Debts after one year +€130,000
up €130,000 (+55.6%), from €234,000 to €364,000
- Reserves +€30,693
up €30,693 (+28.0%), from €109,664 to €140,357
of which Distributable reserves: +€30,693
- Other debts -€28,433
down €28,433 (-75.3%), from €37,764 to €9,331
- Gross operating margin -€20,319
down €20,319 (-21.8%), from €92,996 to €72,677
- Depreciation -€4,701
down €4,701 (-22.5%), from €20,932 to €16,231
- Financial charges -€3,266
down €3,266 (-22.5%), from €14,509 to €11,244
- Taxes -€2,502
down €2,502 (-16.0%), from €15,651 to €13,150
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.
Cash bridge derived
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 | €518,090 | €650,933 | +€132,844 | +25.6% |
| Fixed assets | 21/28 | €285,929 | €287,638 | +€1,710 | +0.6% |
| Tangible fixed assets | 22/27 | €285,566 | €287,275 | +€1,710 | +0.6% |
| Land and buildings | 22 | €268,788 | €261,262 | -€7,527 | -2.8% |
| Plant, machinery and equipment | 23 | €3,830 | €3,033 | -€797 | -20.8% |
| Furniture and vehicles | 24 | €12,947 | €22,980 | +€10,033 | +77.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €232,161 | €363,295 | +€131,134 | +56.5% |
| Stocks and contracts in progress | 3 | €186,059 | €325,563 | +€139,504 | +75.0% |
| Stocks | 30/36 | €186,059 | €325,563 | +€139,504 | +75.0% |
| Amounts receivable within one year | 40/41 | €19,299 | €24,365 | +€5,067 | +26.3% |
| Trade receivables | 40 | €17,186 | €23,055 | +€5,870 | +34.2% |
| Other amounts receivable | 41 | €2,113 | €1,310 | -€803 | -38.0% |
| Cash at bank and in hand | 54/58 | €24,957 | €11,463 | -€13,494 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,846 | €1,904 | +€58 | +3.1% |
| Total equity and liabilities | 10/49 | €518,090 | €650,933 | +€132,844 | +25.6% |
| Equity | 10/15 | €229,837 | €260,530 | +€30,693 | +13.4% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €109,664 | €140,357 | +€30,693 | +28.0% |
| Non-distributable reserves | 130/1 | €1,960 | €1,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,960 | €1,960 | = | 0.0% |
| Distributable reserves | 133 | €107,704 | €138,397 | +€30,693 | +28.5% |
| Profit (loss) carried forward | 14 | €100,573 | €100,573 | = | 0.0% |
| Amounts payable | 17/49 | €288,253 | €390,404 | +€102,151 | +35.4% |
| Amounts payable after more than one year | 17 | €234,000 | €364,000 | +€130,000 | +55.6% |
| Financial debts | 170/4 | €234,000 | €364,000 | +€130,000 | +55.6% |
| Amounts payable within one year | 42/48 | €54,253 | €26,404 | -€27,849 | -51.3% |
| Trade debts | 44 | €1,896 | €757 | -€1,139 | -60.1% |
| Suppliers | 440/4 | €1,896 | €757 | -€1,139 | -60.1% |
| Taxes, remuneration and social security | 45 | €14,593 | €16,316 | +€1,723 | +11.8% |
| Taxes | 450/3 | €12,097 | €15,316 | +€3,219 | +26.6% |
| Remuneration and social security | 454/9 | €2,495 | €1,000 | -€1,495 | -59.9% |
| Other amounts payable | 47/48 | €37,764 | €9,331 | -€28,433 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,932 | €16,231 | -€4,701 | -22.5% |
| Other operating charges | 640/8 | €2,289 | €1,360 | -€929 | -40.6% |
| Gross operating margin | 9900 | €92,996 | €72,677 | -€20,319 | -21.8% |
| Operating profit (loss) | 9901 | €69,775 | €55,086 | -€14,689 | -21.1% |
| Financial charges | 65/66B | €14,509 | €11,244 | -€3,266 | -22.5% |
| Recurring financial charges | 65 | €14,509 | €11,244 | -€3,266 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €55,266 | €43,843 | -€11,424 | -20.7% |
| Income taxes | 67/77 | €15,651 | €13,150 | -€2,502 | -16.0% |
| Profit (loss) for the period | 9904 | €39,615 | €30,693 | -€8,922 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,615 | €30,693 | -€8,922 | -22.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.