IMMO V.C.: 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.C.
Largest movements
- Receivables within one year +€30,911
up €30,911 (+31.1%), from €99,534 to €130,445
- Tangible fixed assets -€29,957
down €29,957 (-6.7%), from €446,312 to €416,355
- Deferred charges and accrued income +€21,200
up €21,200 (+131%), from €16,187 to €37,388
- Reserves +€18,617
up €18,617 (+5.8%), from €323,292 to €341,909
of which Distributable reserves: +€18,617
- Trade debts +€8,361
up €8,361 (+1,265%), from €661 to €9,022
- Other debts -€7,238
down €7,238 (-100%), from €7,238 to €0
- Other operating charges +€23,402
up €23,402 (+194%), from €12,067 to €35,469
- Depreciation -€19,592
down €19,592 (-36.3%), from €54,007 to €34,416
- Gross operating margin +€18,415
up €18,415 (+24.2%), from €75,957 to €94,372
- Taxes +€4,122
up €4,122 (+171%), from €2,413 to €6,534
- Financial charges -€1,678
down €1,678 (-64.2%), from €2,616 to €938
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €562,034 | €584,188 | +€22,154 | +3.9% |
| Fixed assets | 21/28 | €446,312 | €416,355 | -€29,957 | -6.7% |
| Tangible fixed assets | 22/27 | €446,312 | €416,355 | -€29,957 | -6.7% |
| Land and buildings | 22 | €446,312 | €416,355 | -€29,957 | -6.7% |
| Current assets | 29/58 | €115,722 | €167,833 | +€52,111 | +45.0% |
| Amounts receivable within one year | 40/41 | €99,534 | €130,445 | +€30,911 | +31.1% |
| Other amounts receivable | 41 | €99,534 | €130,445 | +€30,911 | +31.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €16,187 | €37,388 | +€21,200 | +131% |
| Total equity and liabilities | 10/49 | €562,034 | €584,188 | +€22,154 | +3.9% |
| Equity | 10/15 | €552,407 | €571,024 | +€18,617 | +3.4% |
| Contributions | 10/11 | €229,115 | €229,115 | = | 0.0% |
| Capital | 10 | €229,115 | €229,115 | = | 0.0% |
| Issued capital | 100 | €229,115 | €229,115 | = | 0.0% |
| Reserves | 13 | €323,292 | €341,909 | +€18,617 | +5.8% |
| Non-distributable reserves | 130/1 | €22,911 | €22,911 | = | 0.0% |
| Legal reserve | 130 | €22,911 | €22,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,581 | €3,581 | = | 0.0% |
| Distributable reserves | 133 | €296,800 | €315,416 | +€18,617 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,627 | €13,164 | +€3,537 | +36.7% |
| Amounts payable within one year | 42/48 | €7,899 | €13,057 | +€5,158 | +65.3% |
| Trade debts | 44 | €661 | €9,022 | +€8,361 | +1,265% |
| Suppliers | 440/4 | €661 | €9,022 | +€8,361 | +1,265% |
| Taxes, remuneration and social security | 45 | €0 | €4,034 | +€4,034 | |
| Taxes | 450/3 | €0 | €4,034 | +€4,034 | |
| Other amounts payable | 47/48 | €7,238 | €0 | -€7,238 | -100% |
| Accrued charges and deferred income | 492/3 | €1,728 | €108 | -€1,620 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,007 | €34,416 | -€19,592 | -36.3% |
| Other operating charges | 640/8 | €12,067 | €35,469 | +€23,402 | +194% |
| Gross operating margin | 9900 | €75,957 | €94,372 | +€18,415 | +24.2% |
| Operating profit (loss) | 9901 | €9,882 | €24,487 | +€14,605 | +148% |
| Financial income | 75/76B | €2,384 | €1,602 | -€782 | -32.8% |
| Recurring financial income | 75 | €2,384 | €1,602 | -€782 | -32.8% |
| Financial charges | 65/66B | €2,616 | €938 | -€1,678 | -64.2% |
| Recurring financial charges | 65 | €2,616 | €938 | -€1,678 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €9,650 | €25,151 | +€15,501 | +161% |
| Income taxes | 67/77 | €2,413 | €6,534 | +€4,122 | +171% |
| Profit (loss) for the period | 9904 | €7,238 | €18,617 | +€11,379 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €7,238 | €18,617 | +€11,379 | +157% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.