IMMO Van de Vorst: 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 Vorst
Largest movements
- Tangible fixed assets -€23,852
down €23,852 (-3.2%), from €745,029 to €721,177
- Debts after one year -€35,564
down €35,564 (-6.8%), from €526,219 to €490,655
- Reserves +€16,585
up €16,585 (+17.0%), from €97,518 to €114,103
of which Distributable reserves: +€16,585
- Other debts -€7,980
down €7,980 (-8.5%), from €94,382 to €86,403
- Gross operating margin -€10,630
down €10,630 (-14.1%), from €75,170 to €64,540
- Other operating charges -€8,813
down €8,813 (-64.6%), from €13,646 to €4,832
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 | €782,930 | €760,505 | -€22,425 | -2.9% |
| Fixed assets | 21/28 | €745,029 | €721,177 | -€23,852 | -3.2% |
| Tangible fixed assets | 22/27 | €745,029 | €721,177 | -€23,852 | -3.2% |
| Land and buildings | 22 | €745,029 | €721,177 | -€23,852 | -3.2% |
| Current assets | 29/58 | €37,900 | €39,328 | +€1,427 | +3.8% |
| Amounts receivable within one year | 40/41 | €35,000 | €39,050 | +€4,050 | +11.6% |
| Trade receivables | 40 | €35,000 | €39,050 | +€4,050 | +11.6% |
| Cash at bank and in hand | 54/58 | €2,900 | - | -€2,900 | |
| Deferred charges and accrued income | 490/1 | - | €278 | +€278 | |
| Total equity and liabilities | 10/49 | €782,930 | €760,505 | -€22,425 | -2.9% |
| Equity | 10/15 | €109,918 | €126,503 | +€16,585 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,518 | €114,103 | +€16,585 | +17.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €95,663 | €112,248 | +€16,585 | +17.3% |
| Amounts payable | 17/49 | €673,012 | €634,002 | -€39,010 | -5.8% |
| Amounts payable after more than one year | 17 | €526,219 | €490,655 | -€35,564 | -6.8% |
| Financial debts | 170/4 | €526,219 | €490,655 | -€35,564 | -6.8% |
| Amounts payable within one year | 42/48 | €146,793 | €143,347 | -€3,446 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €34,882 | €35,564 | +€682 | +2.0% |
| Financial debts | 43 | - | €3,817 | +€3,817 | |
| Credit institutions | 430/8 | - | €3,817 | +€3,817 | |
| Trade debts | 44 | €10,835 | €11,526 | +€690 | +6.4% |
| Suppliers | 440/4 | €10,835 | €11,526 | +€690 | +6.4% |
| Taxes, remuneration and social security | 45 | €6,693 | €6,037 | -€656 | -9.8% |
| Taxes | 450/3 | €6,693 | €6,037 | -€656 | -9.8% |
| Other amounts payable | 47/48 | €94,382 | €86,403 | -€7,980 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,852 | €23,852 | = | 0.0% |
| Other operating charges | 640/8 | €13,646 | €4,832 | -€8,813 | -64.6% |
| Gross operating margin | 9900 | €75,170 | €64,540 | -€10,630 | -14.1% |
| Operating profit (loss) | 9901 | €37,672 | €35,856 | -€1,817 | -4.8% |
| Financial charges | 65/66B | €13,109 | €13,233 | +€124 | +0.9% |
| Recurring financial charges | 65 | €13,109 | €13,233 | +€124 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €24,563 | €22,622 | -€1,941 | -7.9% |
| Income taxes | 67/77 | €6,693 | €6,037 | -€656 | -9.8% |
| Profit (loss) for the period | 9904 | €17,870 | €16,585 | -€1,285 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,870 | €16,585 | -€1,285 | -7.2% |
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 17 October 2026 via checked.be.