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 +€27,041
new in 2025: €27,041
- Cash +€21,511
up €21,511 (+86.9%), from €24,749 to €46,260
mainly Other debts (+€27,510) and Net result for the year (+€17,514)
- Tangible fixed assets -€15,665
down €15,665 (-3.9%), from €399,849 to €384,184
of which Land and buildings: -€13,724
- Reserves +€49,187
new in 2025: €49,187
- Profit (loss) carried forward -€31,673
no longer reported in 2025 (was €31,673)
- Other debts +€27,510
up €27,510 (+1,805%), from €1,524 to €29,034
- Debts after one year -€17,261
down €17,261 (-4.9%), from €353,301 to €336,040
of which Financial debts: -€17,261
- Tax, wage and social debts +€7,941
up €7,941 (+210%), from €3,777 to €11,718
- Gross operating margin +€8,735
up €8,735 (+25.1%), from €34,774 to €43,509
- Taxes +€5,795
up €5,795 (+196%), from €2,961 to €8,757
- Financial charges -€5,560
down €5,560 (-99.2%), from €5,606 to €46
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 | €424,598 | €457,553 | +€32,955 | +7.8% |
| Fixed assets | 21/28 | €399,849 | €384,184 | -€15,665 | -3.9% |
| Tangible fixed assets | 22/27 | €399,849 | €384,184 | -€15,665 | -3.9% |
| Land and buildings | 22 | €386,265 | €372,541 | -€13,724 | -3.6% |
| Plant, machinery and equipment | 23 | €13,584 | €11,644 | -€1,941 | -14.3% |
| Current assets | 29/58 | €24,749 | €73,369 | +€48,620 | +196% |
| Amounts receivable within one year | 40/41 | - | €27,041 | +€27,041 | |
| Other amounts receivable | 41 | - | €27,041 | +€27,041 | |
| Cash at bank and in hand | 54/58 | €24,749 | €46,260 | +€21,511 | +86.9% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €424,598 | €457,553 | +€32,955 | +7.8% |
| Equity | 10/15 | €43,673 | €61,187 | +€17,514 | +40.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | - | €49,187 | +€49,187 | |
| Distributable reserves | 133 | - | €49,187 | +€49,187 | |
| Profit (loss) carried forward | 14 | €31,673 | - | -€31,673 | |
| Amounts payable | 17/49 | €380,925 | €396,367 | +€15,441 | +4.1% |
| Amounts payable after more than one year | 17 | €353,301 | €336,040 | -€17,261 | -4.9% |
| Financial debts | 170/4 | €244,501 | €227,240 | -€17,261 | -7.1% |
| Other amounts payable | 178/9 | €108,800 | €108,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,840 | €60,327 | +€35,487 | +143% |
| Current portion of amounts payable after more than one year | 42 | €17,696 | €17,261 | -€435 | -2.5% |
| Trade debts | 44 | €1,842 | €2,313 | +€471 | +25.6% |
| Suppliers | 440/4 | €1,842 | €2,313 | +€471 | +25.6% |
| Taxes, remuneration and social security | 45 | €3,777 | €11,718 | +€7,941 | +210% |
| Taxes | 450/3 | €3,777 | €11,718 | +€7,941 | +210% |
| Other amounts payable | 47/48 | €1,524 | €29,034 | +€27,510 | +1,805% |
| Accrued charges and deferred income | 492/3 | €2,784 | - | -€2,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,665 | €15,665 | = | 0.0% |
| Other operating charges | 640/8 | €1,483 | €1,527 | +€45 | +3.0% |
| Gross operating margin | 9900 | €34,774 | €43,509 | +€8,735 | +25.1% |
| Operating profit (loss) | 9901 | €17,627 | €26,317 | +€8,690 | +49.3% |
| Financial charges | 65/66B | €5,606 | €46 | -€5,560 | -99.2% |
| Recurring financial charges | 65 | €5,606 | €46 | -€5,560 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €12,021 | €26,271 | +€14,250 | +119% |
| Income taxes | 67/77 | €2,961 | €8,757 | +€5,795 | +196% |
| Profit (loss) for the period | 9904 | €9,059 | €17,514 | +€8,454 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,059 | €17,514 | +€8,454 | +93.3% |
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 20 October 2026 via checked.be.