IMMO VALLEE: what changed
Two fiscal 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 VALLEE
Largest movements
- Tangible fixed assets -€7,788
down €7,788 (-3.5%), from €219,390 to €211,602
of which Land and buildings: -€7,091
- Cash -€3,283
down €3,283 (-65.9%), from €4,984 to €1,701
mainly Debts after one year (-€28,134) and Trade debts (-€6,240)
- Debts after one year -€28,134
down €28,134 (-41.7%), from €67,448 to €39,314
- Current portion of long-term debt +€10,821
new in 2025: €10,821
- Other debts +€8,500
up €8,500 (+14.2%), from €60,069 to €68,569
- Trade debts -€6,240
down €6,240 (-22.6%), from €27,627 to €21,387
- Profit (loss) carried forward +€3,808
up €3,808 (+21.6%), from €17,590 to €21,398
- Gross operating margin -€7,474
down €7,474 (-34.1%), from €21,930 to €14,456
- Purchases and services +€4,144
new in 2025: €4,144
- Financial charges -€3,409
down €3,409, from €604 to -€2,804
- Depreciation -€836
down €836 (-9.7%), from €8,624 to €7,788
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.
Cash bridge derived
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 | €258,099 | €246,891 | -€11,209 | -4.3% |
| Fixed assets | 21/28 | €219,390 | €211,602 | -€7,788 | -3.5% |
| Tangible fixed assets | 22/27 | €219,390 | €211,602 | -€7,788 | -3.5% |
| Land and buildings | 22 | €214,515 | €207,424 | -€7,091 | -3.3% |
| Plant, machinery and equipment | 23 | €4,875 | €4,179 | -€696 | -14.3% |
| Current assets | 29/58 | €38,709 | €35,289 | -€3,421 | -8.8% |
| Amounts receivable within one year | 40/41 | €33,725 | €33,587 | -€138 | -0.4% |
| Trade receivables | 40 | €375 | €375 | = | 0.0% |
| Other amounts receivable | 41 | €33,350 | €33,212 | -€138 | -0.4% |
| Cash at bank and in hand | 54/58 | €4,984 | €1,701 | -€3,283 | -65.9% |
| Total equity and liabilities | 10/49 | €258,099 | €246,891 | -€11,209 | -4.3% |
| Equity | 10/15 | €101,607 | €105,415 | +€3,808 | +3.7% |
| 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 | €22,017 | €22,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €15,817 | €15,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,590 | €21,398 | +€3,808 | +21.6% |
| Amounts payable | 17/49 | €156,492 | €141,476 | -€15,016 | -9.6% |
| Amounts payable after more than one year | 17 | €67,448 | €39,314 | -€28,134 | -41.7% |
| Financial debts | 170/4 | €67,448 | €39,314 | -€28,134 | -41.7% |
| Amounts payable within one year | 42/48 | €89,044 | €102,162 | +€13,118 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,821 | +€10,821 | |
| Trade debts | 44 | €27,627 | €21,387 | -€6,240 | -22.6% |
| Suppliers | 440/4 | €27,627 | €21,387 | -€6,240 | -22.6% |
| Taxes, remuneration and social security | 45 | €1,349 | €1,386 | +€37 | +2.7% |
| Taxes | 450/3 | €1,349 | €1,386 | +€37 | +2.7% |
| Other amounts payable | 47/48 | €60,069 | €68,569 | +€8,500 | +14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,144 | +€4,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,624 | €7,788 | -€836 | -9.7% |
| Other operating charges | 640/8 | €4,236 | €4,310 | +€74 | +1.8% |
| Gross operating margin | 9900 | €21,930 | €14,456 | -€7,474 | -34.1% |
| Operating profit (loss) | 9901 | €9,070 | €2,358 | -€6,713 | -74.0% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €604 | -€2,804 | -€3,409 | |
| Recurring financial charges | 65 | €604 | -€2,804 | -€3,409 | |
| Profit (loss) for the period before taxes | 9903 | €8,466 | €5,194 | -€3,272 | -38.6% |
| Income taxes | 67/77 | €1,349 | €1,386 | +€37 | +2.7% |
| Profit (loss) for the period | 9904 | €7,117 | €3,808 | -€3,309 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,117 | €3,808 | -€3,309 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.