H. VREYS 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.
H. VREYS IMMO
Largest movements
- Cash +€23,335
up €23,335 (+22.5%), from €103,573 to €126,908
mainly Depreciation (+€15,859) and Trade debts (+€13,935)
- Tangible fixed assets -€3,727
down €3,727 (-3.6%), from €102,219 to €98,492
of which Other tangible fixed assets: -€12,734
- Receivables within one year +€3,330
up €3,330 (+10.2%), from €32,629 to €35,959
- Trade debts +€13,935
up €13,935 (+1,941%), from €718 to €14,653
- Profit (loss) carried forward +€9,292
up €9,292 (+13.5%), from -€68,672 to -€59,380
- Gross operating margin +€30,148
up €30,148 (+817%), from €3,688 to €33,836
- Other operating charges +€9,704
up €9,704 (+3,256%), from €298 to €10,002
- Financial income +€682
up €682 (+81.1%), from €841 to €1,523
- Depreciation -€535
down €535 (-3.3%), from €16,394 to €15,859
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 | €239,958 | €262,949 | +€22,991 | +9.6% |
| Fixed assets | 21/28 | €102,219 | €98,492 | -€3,727 | -3.6% |
| Tangible fixed assets | 22/27 | €102,219 | €98,492 | -€3,727 | -3.6% |
| Land and buildings | 22 | €52,749 | €50,495 | -€2,254 | -4.3% |
| Plant, machinery and equipment | 23 | €11,269 | €22,530 | +€11,261 | +99.9% |
| Other tangible fixed assets | 26 | €38,201 | €25,467 | -€12,734 | -33.3% |
| Current assets | 29/58 | €137,739 | €164,457 | +€26,718 | +19.4% |
| Amounts receivable after more than one year | 29 | €87 | €87 | = | 0.0% |
| Other amounts receivable | 291 | €87 | €87 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,629 | €35,959 | +€3,330 | +10.2% |
| Other amounts receivable | 41 | €32,629 | €35,959 | +€3,330 | +10.2% |
| Cash at bank and in hand | 54/58 | €103,573 | €126,908 | +€23,335 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,503 | +€53 | +3.7% |
| Total equity and liabilities | 10/49 | €239,958 | €262,949 | +€22,991 | +9.6% |
| Equity | 10/15 | €235,170 | €244,462 | +€9,292 | +4.0% |
| Contributions | 10/11 | €223,699 | €223,699 | = | 0.0% |
| Capital | 10 | €223,699 | €223,699 | = | 0.0% |
| Issued capital | 100 | €223,699 | €223,699 | = | 0.0% |
| Reserves | 13 | €80,143 | €80,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,370 | €22,370 | = | 0.0% |
| Legal reserve | 130 | €22,370 | €22,370 | = | 0.0% |
| Distributable reserves | 133 | €57,773 | €57,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,672 | -€59,380 | +€9,292 | +13.5% |
| Amounts payable | 17/49 | €4,788 | €18,487 | +€13,699 | +286% |
| Amounts payable within one year | 42/48 | €3,638 | €18,487 | +€14,849 | +408% |
| Trade debts | 44 | €718 | €14,653 | +€13,935 | +1,941% |
| Suppliers | 440/4 | €718 | €14,653 | +€13,935 | +1,941% |
| Taxes, remuneration and social security | 45 | €1,487 | €1,487 | = | 0.0% |
| Taxes | 450/3 | €1,487 | €1,487 | = | 0.0% |
| Other amounts payable | 47/48 | €1,433 | €2,347 | +€914 | +63.8% |
| Accrued charges and deferred income | 492/3 | €1,150 | - | -€1,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,394 | €15,859 | -€535 | -3.3% |
| Other operating charges | 640/8 | €298 | €10,002 | +€9,704 | +3,256% |
| Gross operating margin | 9900 | €3,688 | €33,836 | +€30,148 | +817% |
| Operating profit (loss) | 9901 | -€13,004 | €7,975 | +€20,979 | |
| Financial income | 75/76B | €841 | €1,523 | +€682 | +81.1% |
| Recurring financial income | 75 | €841 | €1,523 | +€682 | +81.1% |
| Financial charges | 65/66B | €180 | €206 | +€26 | +14.4% |
| Recurring financial charges | 65 | €180 | €206 | +€26 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,343 | €9,292 | +€21,635 | |
| Profit (loss) for the period | 9904 | -€12,343 | €9,292 | +€21,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,343 | €9,292 | +€21,635 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.