IMMO VADOMO: 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.
What changed
IMMO VADOMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€108
2024 · €146,763-€146,871
Equity
€434,206
2024 · €434,314-€108
Cash
€64,491
2024 · €306,777-€242,286
Balance sheet total
€729,327
2024 · €556,534+€172,793
Largest movements
Assets
- Tangible fixed assets +€316,578
up €316,578 (+128%), from €248,257 to €564,836
of which Land and buildings: +€318,952
- Cash -€242,286
down €242,286 (-79.0%), from €306,777 to €64,491
mainly Investment in fixed assets (net) (-€338,050) and Receivables within one year (-€100,000)
- Receivables within one year +€100,000
new in 2025: €100,000
Equity and liabilities
- Other debts +€216,500
up €216,500 (+2,106%), from €10,279 to €226,779
- Current portion of long-term debt -€52,042
down €52,042 (-91.6%), from €56,824 to €4,782
- Trade debts +€13,278
up €13,278 (+1,310%), from €1,014 to €14,292
Income statement
- Gross operating margin -€193,645
down €193,645 (-84.4%), from €229,312 to €35,667
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.
Result 2024
€146,763
Gross operating margin
-€193,645
Depreciation
-€2,180
Other operating charges
-€911
Financial charges
+€970
Taxes
-€1,369
Deferred taxes and other
+€50,264
Result 2025
-€108
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€152,588
Investment
-€338,050
Financing
-€56,824
Cash 2024
€306,777
From operations (derived)
+€152,588
Net result for the year
-€108
Depreciation
+€21,472
Receivables within one year
-€100,000
Deferred charges and accrued income
+€1,500
Provisions
-€1,514
Trade debts
+€13,278
Tax, wage and social debts
+€1,446
Other debts
+€216,500
Accrued charges and deferred income
+€15
Investment (derived)
-€338,050
Investment in fixed assets (net)
-€338,050
Financing
-€56,824
Debts after one year
-€4,782
Current portion of long-term debt
-€52,042
Cash 2025
€64,491
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,534 | €729,327 | +€172,793 | +31.0% |
| Fixed assets | 21/28 | €248,257 | €564,836 | +€316,578 | +128% |
| Tangible fixed assets | 22/27 | €248,257 | €564,836 | +€316,578 | +128% |
| Land and buildings | 22 | €240,344 | €559,295 | +€318,952 | +133% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,914 | €5,540 | -€2,373 | -30.0% |
| Current assets | 29/58 | €308,277 | €164,491 | -€143,786 | -46.6% |
| Amounts receivable within one year | 40/41 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €306,777 | €64,491 | -€242,286 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €556,534 | €729,327 | +€172,793 | +31.0% |
| Equity | 10/15 | €434,314 | €434,206 | -€108 | 0.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €403,327 | €403,219 | -€108 | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,250 | €141,707 | -€4,543 | -3.1% |
| Distributable reserves | 133 | €253,978 | €258,413 | +€4,435 | +1.7% |
| Provisions and deferred taxes | 16 | €48,750 | €47,236 | -€1,514 | -3.1% |
| Deferred taxes | 168 | €48,750 | €47,236 | -€1,514 | -3.1% |
| Amounts payable | 17/49 | €73,470 | €247,885 | +€174,415 | +237% |
| Amounts payable after more than one year | 17 | €4,782 | - | -€4,782 | |
| Financial debts | 170/4 | €4,782 | - | -€4,782 | |
| Amounts payable within one year | 42/48 | €68,304 | €247,485 | +€179,182 | +262% |
| Current portion of amounts payable after more than one year | 42 | €56,824 | €4,782 | -€52,042 | -91.6% |
| Trade debts | 44 | €1,014 | €14,292 | +€13,278 | +1,310% |
| Suppliers | 440/4 | €1,014 | €14,292 | +€13,278 | +1,310% |
| Taxes, remuneration and social security | 45 | €187 | €1,632 | +€1,446 | +775% |
| Taxes | 450/3 | €187 | €1,632 | +€1,446 | +775% |
| Other amounts payable | 47/48 | €10,279 | €226,779 | +€216,500 | +2,106% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Non-recurring operating income | 76A | €195,000 | - | -€195,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,292 | €21,472 | +€2,180 | +11.3% |
| Other operating charges | 640/8 | €12,525 | €13,437 | +€911 | +7.3% |
| Gross operating margin | 9900 | €229,312 | €35,667 | -€193,645 | -84.4% |
| Operating profit (loss) | 9901 | €197,494 | €759 | -€196,736 | -99.6% |
| Financial charges | 65/66B | €1,795 | €825 | -€970 | -54.0% |
| Recurring financial charges | 65 | €1,795 | €825 | -€970 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €195,699 | -€67 | -€195,766 | |
| Transfer from deferred taxes | 780 | - | €1,514 | +€1,514 | |
| Transfer to deferred taxes | 680 | €48,750 | - | -€48,750 | |
| Income taxes | 67/77 | €187 | €1,556 | +€1,369 | +734% |
| Profit (loss) for the period | 9904 | €146,763 | -€108 | -€146,871 | |
| Transfer from tax-exempt reserves | 789 | - | €4,543 | +€4,543 | |
| Transfer to tax-exempt reserves | 689 | €146,250 | - | -€146,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €513 | €4,435 | +€3,922 | +765% |
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 19 October 2026 via checked.be.