IMMO V.D.S.: 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.S.
Largest movements
- Cash -€14,255
down €14,255 (-39.2%), from €36,362 to €22,107
mainly Contributions, distributions and other (-€413,016) and Net result for the year (-€19,566)
- Reserves -€648,962
down €648,962 (-99.1%), from €655,160 to €6,197
of which Distributable reserves: -€648,962
- Other debts +€413,016
new in 2025: €413,016
- Profit (loss) carried forward +€216,380
up €216,380, from -€216,380 to €0
- Gross operating margin +€75,636
up €75,636 (+93.3%), from -€81,041 to -€5,405
- Write-downs +€10,116
up €10,116, from €0 to €10,116
- Financial charges +€2,835
up €2,835, from €0 to €2,835
- Financial income -€2,448
down €2,448 (-97.9%), from €2,500 to €52
- Depreciation -€1,108
down €1,108 (-100%), from €1,108 to €0
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 | €502,958 | €482,071 | -€20,887 | -4.2% |
| Fixed assets | 21/28 | €1,406 | €0 | -€1,406 | -100% |
| Tangible fixed assets | 22/27 | €1,406 | €0 | -€1,406 | -100% |
| Plant, machinery and equipment | 23 | €143 | €0 | -€143 | -100% |
| Furniture and vehicles | 24 | €1,262 | €0 | -€1,262 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €501,553 | €482,071 | -€19,481 | -3.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €464,724 | €459,964 | -€4,760 | -1.0% |
| Trade receivables | 40 | €10,116 | €1,070 | -€9,046 | -89.4% |
| Other amounts receivable | 41 | €454,608 | €458,894 | +€4,286 | +0.9% |
| Cash at bank and in hand | 54/58 | €36,362 | €22,107 | -€14,255 | -39.2% |
| Deferred charges and accrued income | 490/1 | €467 | €0 | -€467 | -100% |
| Total equity and liabilities | 10/49 | €502,958 | €482,071 | -€20,887 | -4.2% |
| Equity | 10/15 | €500,753 | €68,171 | -€432,582 | -86.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €655,160 | €6,197 | -€648,962 | -99.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €648,962 | €0 | -€648,962 | -100% |
| Profit (loss) carried forward | 14 | -€216,380 | €0 | +€216,380 | |
| Amounts payable | 17/49 | €2,206 | €413,901 | +€411,695 | +18,665% |
| Amounts payable within one year | 42/48 | €2,206 | €413,901 | +€411,695 | +18,665% |
| Trade debts | 44 | €2,206 | €885 | -€1,321 | -59.9% |
| Suppliers | 440/4 | €2,206 | €885 | -€1,321 | -59.9% |
| Other amounts payable | 47/48 | - | €413,016 | +€413,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €0 | -€1,108 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €10,116 | +€10,116 | |
| Other operating charges | 640/8 | €1,432 | €638 | -€794 | -55.5% |
| Non-recurring operating charges | 66A | - | €625 | +€625 | |
| Gross operating margin | 9900 | -€81,041 | -€5,405 | +€75,636 | +93.3% |
| Operating profit (loss) | 9901 | -€83,581 | -€16,784 | +€66,797 | +79.9% |
| Financial income | 75/76B | €2,500 | €52 | -€2,448 | -97.9% |
| Recurring financial income | 75 | €2,500 | €52 | -€2,448 | -97.9% |
| Financial charges | 65/66B | €0 | €2,835 | +€2,835 | |
| Recurring financial charges | 65 | €0 | €2,835 | +€2,835 | |
| Profit (loss) for the period before taxes | 9903 | -€81,081 | -€19,566 | +€61,515 | +75.9% |
| Profit (loss) for the period | 9904 | -€81,081 | -€19,566 | +€61,515 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,081 | -€19,566 | +€61,515 | +75.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.