IMMO K & E VERMEULEN: 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.
IMMO K & E VERMEULEN
Largest movements
- Receivables within one year -€403
down €403 (-1.9%), from €21,529 to €21,125
- Profit (loss) carried forward -€602
down €602 (-4.7%), from €12,678 to €12,076
- Gross operating margin -€313
down €313 (-247%), from -€127 to -€440
- Other operating charges -€62
down €62 (-34.0%), from €182 to €120
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 | €21,592 | €21,144 | -€448 | -2.1% |
| Current assets | 29/58 | €21,592 | €21,144 | -€448 | -2.1% |
| Amounts receivable within one year | 40/41 | €21,529 | €21,125 | -€403 | -1.9% |
| Other amounts receivable | 41 | €21,529 | €21,125 | -€403 | -1.9% |
| Cash at bank and in hand | 54/58 | €64 | €19 | -€45 | -70.9% |
| Total equity and liabilities | 10/49 | €21,592 | €21,144 | -€448 | -2.1% |
| Equity | 10/15 | €20,738 | €20,136 | -€602 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,678 | €12,076 | -€602 | -4.7% |
| Amounts payable | 17/49 | €854 | €1,008 | +€154 | +18.0% |
| Amounts payable within one year | 42/48 | €854 | €1,008 | +€154 | +18.0% |
| Trade debts | 44 | €854 | €1,008 | +€154 | +18.0% |
| Suppliers | 440/4 | €854 | €1,008 | +€154 | +18.0% |
| Other operating charges | 640/8 | €182 | €120 | -€62 | -34.0% |
| Gross operating margin | 9900 | -€127 | -€440 | -€313 | -247% |
| Operating profit (loss) | 9901 | -€309 | -€560 | -€251 | -81.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€348 | -€602 | -€254 | -73.0% |
| Profit (loss) for the period | 9904 | -€348 | -€602 | -€254 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€348 | -€602 | -€254 | -73.0% |
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 31 October 2026 via checked.be.