IMMO VAELEN: 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 VAELEN
Largest movements
- Receivables within one year +€2,768
up €2,768 (+4.7%), from €58,742 to €61,510
- Reserves +€2,127
up €2,127 (+8.0%), from €26,606 to €28,733
of which Distributable reserves: +€2,127
- Taxes -€504
down €504 (-41.6%), from €1,213 to €709
- Financial income -€252
down €252 (-7.2%), from €3,521 to €3,268
- Gross operating margin +€184
up €184, from -€125 to €59
- Other operating charges +€12
up €12 (+2.8%), from €449 to €462
- Financial charges +€2
up €2 (+5.3%), from €29 to €30
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,571 | €92,407 | +€2,836 | +3.2% |
| Fixed assets | 21/28 | €30,082 | €30,082 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,082 | €30,082 | = | 0.0% |
| Land and buildings | 22 | €30,082 | €30,082 | = | 0.0% |
| Current assets | 29/58 | €59,489 | €62,325 | +€2,836 | +4.8% |
| Amounts receivable within one year | 40/41 | €58,742 | €61,510 | +€2,768 | +4.7% |
| Other amounts receivable | 41 | €58,742 | €61,510 | +€2,768 | +4.7% |
| Current investments | 50/53 | €93 | €102 | +€8 | +8.9% |
| Deferred charges and accrued income | 490/1 | €654 | €713 | +€59 | +9.0% |
| Total equity and liabilities | 10/49 | €89,571 | €92,407 | +€2,836 | +3.2% |
| Equity | 10/15 | €88,606 | €90,733 | +€2,127 | +2.4% |
| 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 | €26,606 | €28,733 | +€2,127 | +8.0% |
| Non-distributable reserves | 130/1 | €6,921 | €6,921 | = | 0.0% |
| Legal reserve | 130 | €6,921 | €6,921 | = | 0.0% |
| Distributable reserves | 133 | €19,685 | €21,812 | +€2,127 | +10.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Amounts payable | 17/49 | €965 | €1,674 | +€709 | +73.5% |
| Amounts payable within one year | 42/48 | €965 | €1,674 | +€709 | +73.5% |
| Taxes, remuneration and social security | 45 | €965 | €1,674 | +€709 | +73.5% |
| Taxes | 450/3 | €965 | €1,674 | +€709 | +73.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€125 | €59 | +€184 | |
| Operating profit (loss) | 9901 | -€574 | -€403 | +€171 | +29.9% |
| Financial income | 75/76B | €3,521 | €3,268 | -€252 | -7.2% |
| Recurring financial income | 75 | €3,521 | €3,268 | -€252 | -7.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €2,918 | €2,836 | -€82 | -2.8% |
| Income taxes | 67/77 | €1,213 | €709 | -€504 | -41.6% |
| Profit (loss) for the period | 9904 | €1,705 | €2,127 | +€422 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,705 | €2,127 | +€422 | +24.7% |
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 29 October 2026 via checked.be.