IMMO V & V: 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 & V
Largest movements
- Receivables within one year -€51,614
down €51,614 (-16.4%), from €314,606 to €262,992
of which Other amounts receivable: -€50,148
- Cash -€7,565
down €7,565 (-84.2%), from €8,981 to €1,416
mainly Other debts (-€50,987) and Trade debts (-€10,871)
- Other debts -€50,987
down €50,987 (-54.7%), from €93,127 to €42,141
- Trade debts -€10,871
down €10,871 (-71.3%), from €15,255 to €4,384
- Gross operating margin -€1,171
down €1,171 (-10.7%), from €10,928 to €9,757
- Depreciation +€193
up €193 (+5.6%), from €3,436 to €3,630
- Taxes +€132
up €132 (+15.9%), from €832 to €964
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 | €351,001 | €293,180 | -€57,821 | -16.5% |
| Fixed assets | 21/28 | €24,311 | €25,550 | +€1,240 | +5.1% |
| Tangible fixed assets | 22/27 | €24,311 | €25,550 | +€1,240 | +5.1% |
| Land and buildings | 22 | €12,825 | €17,501 | +€4,676 | +36.5% |
| Plant, machinery and equipment | 23 | €11,486 | €8,049 | -€3,436 | -29.9% |
| Current assets | 29/58 | €326,690 | €267,630 | -€59,060 | -18.1% |
| Stocks and contracts in progress | 3 | €2,746 | €2,840 | +€94 | +3.4% |
| Stocks | 30/36 | €2,746 | €2,840 | +€94 | +3.4% |
| Amounts receivable within one year | 40/41 | €314,606 | €262,992 | -€51,614 | -16.4% |
| Trade receivables | 40 | €2,207 | €741 | -€1,466 | -66.4% |
| Other amounts receivable | 41 | €312,399 | €262,251 | -€50,148 | -16.1% |
| Cash at bank and in hand | 54/58 | €8,981 | €1,416 | -€7,565 | -84.2% |
| Deferred charges and accrued income | 490/1 | €358 | €382 | +€25 | +6.9% |
| Total equity and liabilities | 10/49 | €351,001 | €293,180 | -€57,821 | -16.5% |
| Equity | 10/15 | €241,166 | €244,210 | +€3,043 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €179,166 | €182,210 | +€3,043 | +1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €172,966 | €176,010 | +€3,043 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €109,835 | €48,971 | -€60,864 | -55.4% |
| Amounts payable within one year | 42/48 | €109,835 | €48,971 | -€60,864 | -55.4% |
| Trade debts | 44 | €15,255 | €4,384 | -€10,871 | -71.3% |
| Suppliers | 440/4 | €15,255 | €4,384 | -€10,871 | -71.3% |
| Taxes, remuneration and social security | 45 | €1,453 | €2,446 | +€993 | +68.4% |
| Taxes | 450/3 | €1,453 | €2,446 | +€993 | +68.4% |
| Other amounts payable | 47/48 | €93,127 | €42,141 | -€50,987 | -54.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €3,630 | +€193 | +5.6% |
| Other operating charges | 640/8 | €1,985 | €2,053 | +€67 | +3.4% |
| Gross operating margin | 9900 | €10,928 | €9,757 | -€1,171 | -10.7% |
| Operating profit (loss) | 9901 | €5,506 | €4,075 | -€1,432 | -26.0% |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.1% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.1% |
| Financial charges | 65/66B | €89 | €67 | -€22 | -24.7% |
| Recurring financial charges | 65 | €89 | €67 | -€22 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €5,438 | €4,008 | -€1,431 | -26.3% |
| Income taxes | 67/77 | €832 | €964 | +€132 | +15.9% |
| Profit (loss) for the period | 9904 | €4,606 | €3,043 | -€1,563 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,606 | €3,043 | -€1,563 | -33.9% |
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 28 October 2026 via checked.be.