IMMO VAG GROUP: 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 VAG GROUP
Largest movements
- Tangible fixed assets +€104,340
up €104,340 (+13.2%), from €790,923 to €895,263
- Cash +€16,735
up €16,735 (+944%), from €1,773 to €18,508
mainly Net result for the year (+€147,030) and Trade debts (+€9,336)
- Profit (loss) carried forward +€151,065
up €151,065, from -€94,344 to €56,721
- Other debts -€33,945
down €33,945 (-5.3%), from €636,819 to €602,874
- Trade debts +€9,336
up €9,336 (+384%), from €2,431 to €11,767
- Gross operating margin +€172,905
up €172,905, from -€9,486 to €163,419
- Other operating charges +€10,476
up €10,476 (+2,710%), from €386 to €10,862
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 | €792,695 | €913,770 | +€121,075 | +15.3% |
| Fixed assets | 21/28 | €790,923 | €895,263 | +€104,340 | +13.2% |
| Tangible fixed assets | 22/27 | €790,923 | €895,263 | +€104,340 | +13.2% |
| Land and buildings | 22 | €790,923 | €895,263 | +€104,340 | +13.2% |
| Current assets | 29/58 | €1,773 | €18,508 | +€16,735 | +944% |
| Cash at bank and in hand | 54/58 | €1,773 | €18,508 | +€16,735 | +944% |
| Total equity and liabilities | 10/49 | €792,695 | €913,770 | +€121,075 | +15.3% |
| Equity | 10/15 | €111,748 | €258,777 | +€147,030 | +132% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Capital | 10 | €81,000 | €81,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €125,092 | €121,057 | -€4,035 | -3.2% |
| Tax-exempt reserves | 132 | €125,092 | €121,057 | -€4,035 | -3.2% |
| Profit (loss) carried forward | 14 | -€94,344 | €56,721 | +€151,065 | |
| Provisions and deferred taxes | 16 | €41,697 | €40,352 | -€1,345 | -3.2% |
| Deferred taxes | 168 | €41,697 | €40,352 | -€1,345 | -3.2% |
| Amounts payable | 17/49 | €639,250 | €614,641 | -€24,609 | -3.8% |
| Amounts payable within one year | 42/48 | €639,250 | €614,641 | -€24,609 | -3.8% |
| Trade debts | 44 | €2,431 | €11,767 | +€9,336 | +384% |
| Suppliers | 440/4 | €2,431 | €11,767 | +€9,336 | +384% |
| Other amounts payable | 47/48 | €636,819 | €602,874 | -€33,945 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,727 | €6,707 | -€1,020 | -13.2% |
| Other operating charges | 640/8 | €386 | €10,862 | +€10,476 | +2,710% |
| Gross operating margin | 9900 | -€9,486 | €163,419 | +€172,905 | |
| Operating profit (loss) | 9901 | -€17,600 | €145,851 | +€163,450 | |
| Financial charges | 65/66B | €180 | €166 | -€14 | -7.9% |
| Recurring financial charges | 65 | €180 | €166 | -€14 | -7.9% |
| Non-recurring financial charges | 66B | €180 | €166 | -€14 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,780 | €145,684 | +€163,464 | |
| Transfer from deferred taxes | 780 | €1,345 | €1,345 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,435 | €147,030 | +€163,464 | |
| Transfer from tax-exempt reserves | 789 | €4,035 | €4,035 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,400 | €151,065 | +€163,464 |
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 28 October 2026 via checked.be.