Immo-Vaessen: 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-Vaessen
Largest movements
- Receivables within one year +€182,452
up €182,452 (+28.5%), from €640,993 to €823,444
- Tangible fixed assets -€146,275
down €146,275 (-86.3%), from €169,523 to €23,249
of which Other tangible fixed assets: -€139,683
- Cash +€43,858
up €43,858 (+22,956%), from €191 to €44,049
mainly Depreciation (+€146,275) and Net result for the year (+€84,622)
- Reserves +€84,622
up €84,622 (+30.4%), from €278,068 to €362,690
- Tax, wage and social debts +€32,005
up €32,005 (+409%), from €7,823 to €39,828
- Current portion of long-term debt -€17,131
no longer reported in 2024 (was €17,131)
- Other debts -€16,000
down €16,000 (-10.3%), from €154,590 to €138,590
- Financial income +€343,209
up €343,209 (+2,173%), from €15,791 to €359,000
of which Financial income: +€356,469
- Depreciation +€131,047
up €131,047 (+861%), from €15,228 to €146,275
- Taxes +€100,484
up €100,484 (+1,754%), from €5,728 to €106,212
- Gross operating margin -€40,962
down €40,962, from €31,352 to -€9,610
- Other operating charges +€2,633
up €2,633 (+53.3%), from €4,941 to €7,573
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €816,796 | €892,013 | +€75,216 | +9.2% |
| Fixed assets | 21/28 | €169,523 | €23,249 | -€146,275 | -86.3% |
| Tangible fixed assets | 22/27 | €169,523 | €23,249 | -€146,275 | -86.3% |
| Plant, machinery and equipment | 23 | €1,119 | €647 | -€472 | -42.2% |
| Leasing and similar rights | 25 | €28,722 | €22,602 | -€6,120 | -21.3% |
| Other tangible fixed assets | 26 | €139,683 | - | -€139,683 | |
| Current assets | 29/58 | €647,273 | €868,764 | +€221,491 | +34.2% |
| Amounts receivable within one year | 40/41 | €640,993 | €823,444 | +€182,452 | +28.5% |
| Other amounts receivable | 41 | €640,993 | €823,444 | +€182,452 | +28.5% |
| Current investments | 50/53 | €1,271 | €1,271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191 | €44,049 | +€43,858 | +22,956% |
| Deferred charges and accrued income | 490/1 | €4,818 | - | -€4,818 | |
| Total equity and liabilities | 10/49 | €816,796 | €892,013 | +€75,216 | +9.2% |
| Equity | 10/15 | €599,188 | €683,810 | +€84,622 | +14.1% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Contributions outside capital | 11 | €74,500 | €74,500 | = | 0.0% |
| Other | 1109/19 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €278,068 | €362,690 | +€84,622 | +30.4% |
| Distributable reserves | 133 | €278,068 | €362,690 | +€84,622 | +30.4% |
| Profit (loss) carried forward | 14 | €246,620 | €246,620 | = | 0.0% |
| Amounts payable | 17/49 | €217,608 | €208,202 | -€9,406 | -4.3% |
| Amounts payable after more than one year | 17 | €31,550 | €26,429 | -€5,121 | -16.2% |
| Financial debts | 170/4 | €28,974 | €23,853 | -€5,121 | -17.7% |
| Other amounts payable | 178/9 | €2,576 | €2,576 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,058 | €181,773 | -€4,284 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €17,131 | - | -€17,131 | |
| Trade debts | 44 | €6,513 | €3,355 | -€3,158 | -48.5% |
| Suppliers | 440/4 | €6,513 | €3,355 | -€3,158 | -48.5% |
| Taxes, remuneration and social security | 45 | €7,823 | €39,828 | +€32,005 | +409% |
| Taxes | 450/3 | €7,823 | €39,828 | +€32,005 | +409% |
| Other amounts payable | 47/48 | €154,590 | €138,590 | -€16,000 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,228 | €146,275 | +€131,047 | +861% |
| Other operating charges | 640/8 | €4,941 | €7,573 | +€2,633 | +53.3% |
| Gross operating margin | 9900 | €31,352 | -€9,610 | -€40,962 | |
| Operating profit (loss) | 9901 | €11,184 | -€163,458 | -€174,641 | |
| Financial income | 75/76B | €15,791 | €359,000 | +€343,209 | +2,173% |
| Recurring financial income | 75 | €2,531 | €359,000 | +€356,469 | +14,081% |
| Non-recurring financial income | 76B | €13,260 | €359,000 | +€345,740 | +2,607% |
| Financial charges | 65/66B | €3,580 | €4,708 | +€1,129 | +31.5% |
| Recurring financial charges | 65 | €3,580 | €4,708 | +€1,129 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €23,395 | €190,834 | +€167,439 | +716% |
| Income taxes | 67/77 | €5,728 | €106,212 | +€100,484 | +1,754% |
| Profit (loss) for the period | 9904 | €17,667 | €84,622 | +€66,955 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €17,667 | €84,622 | +€66,955 | +379% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.