IMMO V.K.B.: 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.K.B.
Largest movements
- Tangible fixed assets +€715,794
up €715,794 (+16.0%), from €4.5m to €5.2m
of which Land and buildings: +€698,986
- Current investments -€270,760
down €270,760 (-14.8%), from €1.8m to €1.6m
- Cash -€175,737
down €175,737 (-82.6%), from €212,704 to €36,967
mainly Investment in fixed assets (net) (-€919,421) and Net result for the year (-€24,505)
- Current portion of long-term debt +€158,200
up €158,200 (+316%), from €50,004 to €208,204
- Debts after one year +€131,074
up €131,074 (+80.6%), from €162,584 to €293,658
of which Financial debts: +€127,414
- Financial charges +€143,123
up €143,123, from -€114,996 to €28,127
- Financial income +€37,678
up €37,678 (+42.7%), from €88,340 to €126,018
- Other operating charges +€12,933
up €12,933 (+29.6%), from €43,621 to €56,554
- Taxes +€10,443
up €10,443 (+4,982%), from €210 to €10,653
- Gross operating margin +€3,119
up €3,119 (+2.4%), from €132,436 to €135,554
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 | €6,572,998 | €6,853,423 | +€280,425 | +4.3% |
| Fixed assets | 21/28 | €4,486,599 | €5,202,393 | +€715,794 | +16.0% |
| Tangible fixed assets | 22/27 | €4,486,599 | €5,202,393 | +€715,794 | +16.0% |
| Land and buildings | 22 | €4,477,646 | €5,176,631 | +€698,986 | +15.6% |
| Plant, machinery and equipment | 23 | €2,463 | €17,860 | +€15,397 | +625% |
| Furniture and vehicles | 24 | €6,491 | €7,902 | +€1,411 | +21.7% |
| Current assets | 29/58 | €2,086,399 | €1,651,030 | -€435,369 | -20.9% |
| Amounts receivable within one year | 40/41 | €25,493 | €24,880 | -€613 | -2.4% |
| Trade receivables | 40 | - | €5,015 | +€5,015 | |
| Other amounts receivable | 41 | €25,493 | €19,865 | -€5,628 | -22.1% |
| Current investments | 50/53 | €1,834,543 | €1,563,783 | -€270,760 | -14.8% |
| Cash at bank and in hand | 54/58 | €212,704 | €36,967 | -€175,737 | -82.6% |
| Deferred charges and accrued income | 490/1 | €13,658 | €25,400 | +€11,742 | +86.0% |
| Total equity and liabilities | 10/49 | €6,572,998 | €6,853,423 | +€280,425 | +4.3% |
| Equity | 10/15 | €5,759,903 | €5,740,896 | -€19,007 | -0.3% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €3,759,903 | €3,740,896 | -€19,007 | -0.5% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,755,753 | €1,699,333 | -€56,420 | -3.2% |
| Distributable reserves | 133 | €1,804,151 | €1,841,564 | +€37,413 | +2.1% |
| Provisions and deferred taxes | 16 | €581,297 | €562,914 | -€18,383 | -3.2% |
| Deferred taxes | 168 | €581,297 | €562,914 | -€18,383 | -3.2% |
| Amounts payable | 17/49 | €231,798 | €549,613 | +€317,815 | +137% |
| Amounts payable after more than one year | 17 | €162,584 | €293,658 | +€131,074 | +80.6% |
| Financial debts | 170/4 | €149,972 | €277,386 | +€127,414 | +85.0% |
| Other amounts payable | 178/9 | €12,612 | €16,272 | +€3,660 | +29.0% |
| Amounts payable within one year | 42/48 | €62,605 | €245,741 | +€183,136 | +293% |
| Current portion of amounts payable after more than one year | 42 | €50,004 | €208,204 | +€158,200 | +316% |
| Financial debts | 43 | - | €216 | +€216 | |
| Credit institutions | 430/8 | - | €216 | +€216 | |
| Trade debts | 44 | €7,308 | €29,257 | +€21,949 | +300% |
| Suppliers | 440/4 | €7,308 | €29,257 | +€21,949 | +300% |
| Taxes, remuneration and social security | 45 | €4,354 | €6,424 | +€2,070 | +47.5% |
| Taxes | 450/3 | €759 | €741 | -€18 | -2.4% |
| Remuneration and social security | 454/9 | €3,595 | €5,683 | +€2,088 | +58.1% |
| Other amounts payable | 47/48 | €939 | €1,639 | +€700 | +74.6% |
| Accrued charges and deferred income | 492/3 | €6,609 | €10,215 | +€3,606 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,199 | €203,628 | -€1,571 | -0.8% |
| Other operating charges | 640/8 | €43,621 | €56,554 | +€12,933 | +29.6% |
| Gross operating margin | 9900 | €132,436 | €135,554 | +€3,119 | +2.4% |
| Operating profit (loss) | 9901 | -€116,384 | -€124,627 | -€8,243 | -7.1% |
| Financial income | 75/76B | €88,340 | €126,018 | +€37,678 | +42.7% |
| Recurring financial income | 75 | €88,340 | €126,018 | +€37,678 | +42.7% |
| Financial charges | 65/66B | -€114,996 | €28,127 | +€143,123 | |
| Recurring financial charges | 65 | -€114,996 | €28,127 | +€143,123 | |
| Profit (loss) for the period before taxes | 9903 | €86,951 | -€26,737 | -€113,688 | |
| Transfer from deferred taxes | 780 | €10,081 | €12,885 | +€2,804 | +27.8% |
| Income taxes | 67/77 | €210 | €10,653 | +€10,443 | +4,982% |
| Profit (loss) for the period | 9904 | €96,823 | -€24,505 | -€121,327 | |
| Transfer from tax-exempt reserves | 789 | €32,495 | €61,917 | +€29,422 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €129,318 | €37,413 | -€91,905 | -71.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.