IMMO VAN DE VELDE: 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 VAN DE VELDE
Largest movements
- Receivables within one year +€239,310
up €239,310 (+57.0%), from €419,764 to €659,074
- Cash -€223,347
down €223,347 (-86.4%), from €258,616 to €35,269
mainly Receivables within one year (-€239,310)
- Reserves +€10,336
up €10,336 (+1.7%), from €621,708 to €632,043
of which Distributable reserves: +€10,336
- Gross operating margin -€135,293
down €135,293, from €132,965 to -€2,329
- Taxes -€99,243
down €99,243 (-95.0%), from €104,415 to €5,172
- Financial income +€12,720
up €12,720 (+146%), from €8,695 to €21,415
- Depreciation -€10,517
down €10,517 (-100%), from €10,517 to €0
- Other operating charges -€3,611
down €3,611 (-76.9%), from €4,697 to €1,086
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 | €802,801 | €818,764 | +€15,963 | +2.0% |
| Fixed assets | 21/28 | €124,421 | €124,421 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €124,421 | €124,421 | = | 0.0% |
| Land and buildings | 22 | €0 | - | = | |
| Other tangible fixed assets | 26 | €124,421 | €124,421 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €678,380 | €694,342 | +€15,963 | +2.4% |
| Amounts receivable within one year | 40/41 | €419,764 | €659,074 | +€239,310 | +57.0% |
| Other amounts receivable | 41 | €419,764 | €659,074 | +€239,310 | +57.0% |
| Cash at bank and in hand | 54/58 | €258,616 | €35,269 | -€223,347 | -86.4% |
| Total equity and liabilities | 10/49 | €802,801 | €818,764 | +€15,963 | +2.0% |
| Equity | 10/15 | €683,208 | €693,543 | +€10,336 | +1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €621,708 | €632,043 | +€10,336 | +1.7% |
| Non-distributable reserves | 130/1 | €18,492 | €18,492 | = | 0.0% |
| Legal reserve | 130 | €18,492 | €18,492 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €603,215 | €613,551 | +€10,336 | +1.7% |
| Provisions and deferred taxes | 16 | €14,000 | €14,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €14,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,000 | €14,000 | = | 0.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €105,593 | €111,220 | +€5,627 | +5.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €105,593 | €111,220 | +€5,627 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,179 | €1,633 | +€455 | +38.6% |
| Suppliers | 440/4 | €1,179 | €1,633 | +€455 | +38.6% |
| Taxes, remuneration and social security | 45 | €104,415 | €109,587 | +€5,172 | +5.0% |
| Taxes | 450/3 | €104,415 | €109,587 | +€5,172 | +5.0% |
| Non-recurring operating income | 76A | €129,745 | €0 | -€129,745 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,517 | €0 | -€10,517 | -100% |
| Other operating charges | 640/8 | €4,697 | €1,086 | -€3,611 | -76.9% |
| Gross operating margin | 9900 | €132,965 | -€2,329 | -€135,293 | |
| Operating profit (loss) | 9901 | €117,751 | -€3,415 | -€121,166 | |
| Financial income | 75/76B | €8,695 | €21,415 | +€12,720 | +146% |
| Recurring financial income | 75 | €8,695 | €21,415 | +€12,720 | +146% |
| Financial charges | 65/66B | €2,719 | €2,492 | -€227 | -8.4% |
| Recurring financial charges | 65 | €2,719 | €2,492 | -€227 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €123,727 | €15,508 | -€108,218 | -87.5% |
| Transfer from deferred taxes | 780 | €44,613 | €0 | -€44,613 | -100% |
| Income taxes | 67/77 | €104,415 | €5,172 | -€99,243 | -95.0% |
| Profit (loss) for the period | 9904 | €63,925 | €10,336 | -€53,589 | -83.8% |
| Transfer from tax-exempt reserves | 789 | €133,839 | €0 | -€133,839 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €197,763 | €10,336 | -€187,427 | -94.8% |
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 15 October 2026 via checked.be.