IMMO V.B.K.: 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 V.B.K.
Largest movements
- Tangible fixed assets -€9,131
down €9,131 (-7.9%), from €114,897 to €105,766
- Cash +€7,241
up €7,241 (+41.0%), from €17,647 to €24,888
mainly Depreciation (+€9,131) and Other debts (+€2,504)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€14,953
down €14,953 (-40.7%), from €36,749 to €21,796
- Financial charges -€7,921
down €7,921 (-54.4%), from €14,551 to €6,629
- Taxes -€1,971
down €1,971 (-95.1%), from €2,072 to €101
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 | €699,024 | €701,070 | +€2,046 | +0.3% |
| Fixed assets | 21/28 | €176,897 | €167,766 | -€9,131 | -5.2% |
| Tangible fixed assets | 22/27 | €114,897 | €105,766 | -€9,131 | -7.9% |
| Land and buildings | 22 | €114,897 | €105,766 | -€9,131 | -7.9% |
| Financial fixed assets | 28 | €62,000 | €62,000 | = | 0.0% |
| Current assets | 29/58 | €522,127 | €533,303 | +€11,177 | +2.1% |
| Amounts receivable within one year | 40/41 | €503,115 | €508,415 | +€5,300 | +1.1% |
| Other amounts receivable | 41 | €503,115 | €508,415 | +€5,300 | +1.1% |
| Cash at bank and in hand | 54/58 | €17,647 | €24,888 | +€7,241 | +41.0% |
| Deferred charges and accrued income | 490/1 | €1,365 | - | -€1,365 | |
| Total equity and liabilities | 10/49 | €699,024 | €701,070 | +€2,046 | +0.3% |
| Equity | 10/15 | €559,591 | €559,902 | +€311 | +0.1% |
| Contributions | 10/11 | €409,024 | €409,024 | = | 0.0% |
| Capital | 10 | €409,024 | €409,024 | = | 0.0% |
| Issued capital | 100 | €409,024 | €409,024 | = | 0.0% |
| Reserves | 13 | €150,566 | €150,877 | +€311 | +0.2% |
| Non-distributable reserves | 130/1 | €40,902 | €40,902 | = | 0.0% |
| Legal reserve | 130 | €40,902 | €40,902 | = | 0.0% |
| Distributable reserves | 133 | €109,664 | €109,975 | +€311 | +0.3% |
| Amounts payable | 17/49 | €139,433 | €141,168 | +€1,735 | +1.2% |
| Amounts payable within one year | 42/48 | €139,433 | €141,168 | +€1,735 | +1.2% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €5,322 | €4,153 | -€1,169 | -22.0% |
| Taxes | 450/3 | €5,322 | €4,153 | -€1,169 | -22.0% |
| Other amounts payable | 47/48 | €134,111 | €136,615 | +€2,504 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,131 | €9,131 | = | 0.0% |
| Other operating charges | 640/8 | €5,464 | €5,623 | +€160 | +2.9% |
| Gross operating margin | 9900 | €36,749 | €21,796 | -€14,953 | -40.7% |
| Operating profit (loss) | 9901 | €22,154 | €7,041 | -€15,113 | -68.2% |
| Financial charges | 65/66B | €14,551 | €6,629 | -€7,921 | -54.4% |
| Recurring financial charges | 65 | €14,551 | €6,629 | -€7,921 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €7,604 | €412 | -€7,192 | -94.6% |
| Income taxes | 67/77 | €2,072 | €101 | -€1,971 | -95.1% |
| Profit (loss) for the period | 9904 | €5,532 | €311 | -€5,221 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,532 | €311 | -€5,221 | -94.4% |
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.