FVWW 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.
FVWW IMMO
Largest movements
- Tangible fixed assets -€102,739
down €102,739 (-4.3%), from €2.4m to €2.3m
of which Land and buildings: -€103,340
- Debts after one year -€73,723
down €73,723 (-4.1%), from €1.8m to €1.7m
- Trade debts -€30,098
down €30,098 (-52.5%), from €57,326 to €27,228
- Gross operating margin -€7,367
down €7,367 (-5.0%), from €147,916 to €140,549
- Depreciation +€5,503
up €5,503 (+5.6%), from €98,146 to €103,650
- Other operating charges +€4,363
up €4,363 (+308%), from €1,418 to €5,782
- Financial charges +€2,191
up €2,191 (+5.3%), from €41,677 to €43,868
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 | €2,448,019 | €2,344,618 | -€103,401 | -4.2% |
| Fixed assets | 21/28 | €2,405,379 | €2,302,724 | -€102,655 | -4.3% |
| Tangible fixed assets | 22/27 | €2,405,379 | €2,302,640 | -€102,739 | -4.3% |
| Land and buildings | 22 | €2,404,487 | €2,301,148 | -€103,340 | -4.3% |
| Furniture and vehicles | 24 | €892 | €1,493 | +€601 | +67.4% |
| Financial fixed assets | 28 | - | €84 | +€84 | |
| Current assets | 29/58 | €42,640 | €41,894 | -€747 | -1.8% |
| Amounts receivable within one year | 40/41 | €22,151 | €17,390 | -€4,761 | -21.5% |
| Trade receivables | 40 | €22,151 | €17,390 | -€4,761 | -21.5% |
| Cash at bank and in hand | 54/58 | €20,287 | €17,254 | -€3,033 | -15.0% |
| Deferred charges and accrued income | 490/1 | €203 | €7,250 | +€7,047 | +3,480% |
| Total equity and liabilities | 10/49 | €2,448,019 | €2,344,618 | -€103,401 | -4.2% |
| Equity | 10/15 | €460,351 | €447,602 | -€12,750 | -2.8% |
| Contributions | 10/11 | €318,250 | €318,250 | = | 0.0% |
| Reserves | 13 | €140,000 | €127,500 | -€12,500 | -8.9% |
| Distributable reserves | 133 | €140,000 | €127,500 | -€12,500 | -8.9% |
| Profit (loss) carried forward | 14 | €2,101 | €1,852 | -€250 | -11.9% |
| Amounts payable | 17/49 | €1,987,668 | €1,897,016 | -€90,651 | -4.6% |
| Amounts payable after more than one year | 17 | €1,807,858 | €1,734,136 | -€73,723 | -4.1% |
| Financial debts | 170/4 | €1,807,858 | €1,734,136 | -€73,723 | -4.1% |
| Amounts payable within one year | 42/48 | €163,706 | €138,099 | -€25,607 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €105,562 | €110,085 | +€4,523 | +4.3% |
| Trade debts | 44 | €57,326 | €27,228 | -€30,098 | -52.5% |
| Suppliers | 440/4 | €57,326 | €27,228 | -€30,098 | -52.5% |
| Taxes, remuneration and social security | 45 | €819 | €786 | -€33 | -4.0% |
| Taxes | 450/3 | €819 | €786 | -€33 | -4.0% |
| Accrued charges and deferred income | 492/3 | €16,103 | €24,781 | +€8,678 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,146 | €103,650 | +€5,503 | +5.6% |
| Other operating charges | 640/8 | €1,418 | €5,782 | +€4,363 | +308% |
| Gross operating margin | 9900 | €147,916 | €140,549 | -€7,367 | -5.0% |
| Operating profit (loss) | 9901 | €48,352 | €31,118 | -€17,234 | -35.6% |
| Financial charges | 65/66B | €41,677 | €43,868 | +€2,191 | +5.3% |
| Recurring financial charges | 65 | €41,677 | €43,868 | +€2,191 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,675 | -€12,750 | -€19,425 | |
| Profit (loss) for the period | 9904 | €6,675 | -€12,750 | -€19,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,675 | -€12,750 | -€19,425 |
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.