IMMO VALDO: 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 VALDO
Largest movements
- Cash +€49,135
up €49,135 (+203%), from €24,178 to €73,313
mainly Deferred charges and accrued income (+€31,173) and Depreciation (+€27,142)
- Deferred charges and accrued income -€31,173
down €31,173 (-91.5%), from €34,053 to €2,880
- Tangible fixed assets -€27,142
down €27,142 (-24.3%), from €111,498 to €84,356
of which Furniture and vehicles: -€24,767
- Receivables within one year -€8,047
down €8,047 (-26.8%), from €30,000 to €21,953
- Other debts -€43,699
down €43,699 (-93.7%), from €46,614 to €2,916
- Reserves +€24,881
up €24,881 (+11.8%), from €210,891 to €235,772
- Accrued charges and deferred income +€4,064
up €4,064 (+253%), from €1,608 to €5,672
- Gross operating margin -€10,012
down €10,012 (-12.5%), from €79,785 to €69,772
- Financial charges +€4,330
up €4,330 (+543%), from €798 to €5,128
of which Financial charges: +€4,330
- Taxes +€3,363
up €3,363 (+20.5%), from €16,442 to €19,805
- Financial income +€1,896
up €1,896 (+18.4%), from €10,278 to €12,174
- Other operating charges -€1,497
down €1,497 (-23.1%), from €6,488 to €4,991
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 | €352,041 | €332,705 | -€19,336 | -5.5% |
| Fixed assets | 21/28 | €111,498 | €84,356 | -€27,142 | -24.3% |
| Tangible fixed assets | 22/27 | €111,498 | €84,356 | -€27,142 | -24.3% |
| Plant, machinery and equipment | 23 | €18,468 | €16,093 | -€2,375 | -12.9% |
| Furniture and vehicles | 24 | €93,030 | €68,263 | -€24,767 | -26.6% |
| Current assets | 29/58 | €240,543 | €248,349 | +€7,806 | +3.2% |
| Amounts receivable within one year | 40/41 | €30,000 | €21,953 | -€8,047 | -26.8% |
| Other amounts receivable | 41 | €30,000 | €21,953 | -€8,047 | -26.8% |
| Current investments | 50/53 | €152,312 | €150,203 | -€2,109 | -1.4% |
| Cash at bank and in hand | 54/58 | €24,178 | €73,313 | +€49,135 | +203% |
| Deferred charges and accrued income | 490/1 | €34,053 | €2,880 | -€31,173 | -91.5% |
| Total equity and liabilities | 10/49 | €352,041 | €332,705 | -€19,336 | -5.5% |
| Equity | 10/15 | €269,615 | €294,496 | +€24,881 | +9.2% |
| Contributions | 10/11 | €58,723 | €58,723 | = | 0.0% |
| Reserves | 13 | €210,891 | €235,772 | +€24,881 | +11.8% |
| Distributable reserves | 133 | €210,891 | €235,772 | +€24,881 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €82,427 | €38,210 | -€44,217 | -53.6% |
| Amounts payable within one year | 42/48 | €80,819 | €32,538 | -€48,281 | -59.7% |
| Trade debts | 44 | €22,802 | €20,124 | -€2,678 | -11.7% |
| Suppliers | 440/4 | €22,802 | €20,124 | -€2,678 | -11.7% |
| Taxes, remuneration and social security | 45 | €11,402 | €9,498 | -€1,904 | -16.7% |
| Taxes | 450/3 | €11,402 | €9,498 | -€1,904 | -16.7% |
| Other amounts payable | 47/48 | €46,614 | €2,916 | -€43,699 | -93.7% |
| Accrued charges and deferred income | 492/3 | €1,608 | €5,672 | +€4,064 | +253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,142 | €27,142 | = | 0.0% |
| Other operating charges | 640/8 | €6,488 | €4,991 | -€1,497 | -23.1% |
| Gross operating margin | 9900 | €79,785 | €69,772 | -€10,012 | -12.5% |
| Operating profit (loss) | 9901 | €46,154 | €37,639 | -€8,515 | -18.4% |
| Financial income | 75/76B | €10,278 | €12,174 | +€1,896 | +18.4% |
| Recurring financial income | 75 | €10,278 | €12,174 | +€1,896 | +18.4% |
| Financial charges | 65/66B | €798 | €5,128 | +€4,330 | +543% |
| Recurring financial charges | 65 | €798 | €5,128 | +€4,330 | +543% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €55,635 | €44,686 | -€10,949 | -19.7% |
| Income taxes | 67/77 | €16,442 | €19,805 | +€3,363 | +20.5% |
| Profit (loss) for the period | 9904 | €39,193 | €24,881 | -€14,312 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,193 | €24,881 | -€14,312 | -36.5% |
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 20 October 2026 via checked.be.