IMMO V.D.O.: 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.D.O.
Largest movements
- Cash +€59,971
up €59,971 (+55.0%), from €109,071 to €169,042
mainly Net result for the year (+€102,850) and Depreciation (+€40,030)
- Debts after one year +€33,696
up €33,696, from €0 to €33,696
- Reserves +€28,000
up €28,000 (+5.1%), from €551,000 to €579,000
- Other debts +€10,974
up €10,974 (+14.9%), from €73,775 to €84,749
- Gross operating margin -€11,078
down €11,078 (-5.0%), from €222,556 to €211,479
- Taxes -€5,113
down €5,113 (-11.1%), from €46,037 to €40,925
- Depreciation +€4,297
up €4,297 (+12.0%), from €35,733 to €40,030
- Financial charges -€2,389
down €2,389 (-58.6%), from €4,080 to €1,691
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 | €962,654 | €1,030,775 | +€68,121 | +7.1% |
| Fixed assets | 21/28 | €853,036 | €860,907 | +€7,870 | +0.9% |
| Tangible fixed assets | 22/27 | €852,636 | €860,507 | +€7,870 | +0.9% |
| Land and buildings | 22 | €852,636 | €816,903 | -€35,733 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | €1,682 | +€1,682 | |
| Furniture and vehicles | 24 | €0 | €41,921 | +€41,921 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €109,618 | €169,869 | +€60,251 | +55.0% |
| Amounts receivable within one year | 40/41 | €546 | €826 | +€280 | +51.2% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €546 | €826 | +€280 | +51.2% |
| Cash at bank and in hand | 54/58 | €109,071 | €169,042 | +€59,971 | +55.0% |
| Total equity and liabilities | 10/49 | €962,654 | €1,030,775 | +€68,121 | +7.1% |
| Equity | 10/15 | €858,732 | €887,582 | +€28,850 | +3.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €551,000 | €579,000 | +€28,000 | +5.1% |
| Distributable reserves | 133 | €551,000 | €579,000 | +€28,000 | +5.1% |
| Profit (loss) carried forward | 14 | €7,732 | €8,582 | +€850 | +11.0% |
| Amounts payable | 17/49 | €103,922 | €143,193 | +€39,271 | +37.8% |
| Amounts payable after more than one year | 17 | €0 | €33,696 | +€33,696 | |
| Financial debts | 170/4 | €0 | €33,696 | +€33,696 | |
| Amounts payable within one year | 42/48 | €103,922 | €109,497 | +€5,575 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €19,040 | €13,803 | -€5,237 | -27.5% |
| Trade debts | 44 | €70 | €21 | -€49 | -70.7% |
| Suppliers | 440/4 | €70 | €21 | -€49 | -70.7% |
| Taxes, remuneration and social security | 45 | €11,037 | €10,925 | -€113 | -1.0% |
| Taxes | 450/3 | €11,037 | €10,925 | -€113 | -1.0% |
| Other amounts payable | 47/48 | €73,775 | €84,749 | +€10,974 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,733 | €40,030 | +€4,297 | +12.0% |
| Other operating charges | 640/8 | €24,786 | €25,984 | +€1,198 | +4.8% |
| Gross operating margin | 9900 | €222,556 | €211,479 | -€11,078 | -5.0% |
| Operating profit (loss) | 9901 | €162,037 | €145,465 | -€16,572 | -10.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,080 | €1,691 | -€2,389 | -58.6% |
| Recurring financial charges | 65 | €4,080 | €1,691 | -€2,389 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €157,958 | €143,774 | -€14,183 | -9.0% |
| Income taxes | 67/77 | €46,037 | €40,925 | -€5,113 | -11.1% |
| Profit (loss) for the period | 9904 | €111,920 | €102,850 | -€9,071 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,920 | €102,850 | -€9,071 | -8.1% |
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 26 October 2026 via checked.be.