IMMO VAN VAERENBERGH: 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 VAERENBERGH
Largest movements
- Tangible fixed assets -€21,903
down €21,903 (-5.9%), from €371,871 to €349,968
of which Land and buildings: -€14,463
- Cash +€6,821
up €6,821 (+15.1%), from €45,056 to €51,876
mainly Other debts (+€74,228) and Depreciation (+€21,903)
- Other debts +€74,228
new in 2025: €74,228
- Tax, wage and social debts -€72,953
down €72,953 (-99.7%), from €73,159 to €206
- Profit (loss) carried forward -€16,303
down €16,303 (-8.6%), from €190,213 to €173,910
- Taxes -€73,159
down €73,159 (-100%), from €73,159 to €0
- Gross operating margin +€6,553
up €6,553 (+177%), from €3,698 to €10,252
- Financial charges +€689
up €689 (+499%), from €138 to €827
- Other operating charges -€240
down €240 (-5.9%), from €4,065 to €3,825
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 | €418,383 | €403,355 | -€15,028 | -3.6% |
| Fixed assets | 21/28 | €371,871 | €349,968 | -€21,903 | -5.9% |
| Tangible fixed assets | 22/27 | €371,871 | €349,968 | -€21,903 | -5.9% |
| Land and buildings | 22 | €314,223 | €299,760 | -€14,463 | -4.6% |
| Plant, machinery and equipment | 23 | €48,330 | €42,437 | -€5,892 | -12.2% |
| Furniture and vehicles | 24 | €9,319 | €7,771 | -€1,548 | -16.6% |
| Current assets | 29/58 | €46,512 | €53,387 | +€6,875 | +14.8% |
| Amounts receivable within one year | 40/41 | €1,252 | €0 | -€1,252 | -100% |
| Other amounts receivable | 41 | €1,252 | €0 | -€1,252 | -100% |
| Cash at bank and in hand | 54/58 | €45,056 | €51,876 | +€6,821 | +15.1% |
| Deferred charges and accrued income | 490/1 | €205 | €1,511 | +€1,306 | +638% |
| Total equity and liabilities | 10/49 | €418,383 | €403,355 | -€15,028 | -3.6% |
| Equity | 10/15 | €345,224 | €328,921 | -€16,303 | -4.7% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Capital | 10 | €145,000 | €145,000 | = | 0.0% |
| Issued capital | 100 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €10,011 | €10,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,011 | €10,011 | = | 0.0% |
| Legal reserve | 130 | €10,011 | €10,011 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €190,213 | €173,910 | -€16,303 | -8.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €73,159 | €74,434 | +€1,275 | +1.7% |
| Amounts payable within one year | 42/48 | €73,159 | €74,434 | +€1,275 | +1.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €73,159 | €206 | -€72,953 | -99.7% |
| Taxes | 450/3 | €73,159 | €206 | -€72,953 | -99.7% |
| Other amounts payable | 47/48 | - | €74,228 | +€74,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,903 | €21,903 | = | 0.0% |
| Other operating charges | 640/8 | €4,065 | €3,825 | -€240 | -5.9% |
| Gross operating margin | 9900 | €3,698 | €10,252 | +€6,553 | +177% |
| Operating profit (loss) | 9901 | -€22,270 | -€15,476 | +€6,793 | +30.5% |
| Financial charges | 65/66B | €138 | €827 | +€689 | +499% |
| Recurring financial charges | 65 | €138 | €827 | +€689 | +499% |
| Profit (loss) for the period before taxes | 9903 | -€22,408 | -€16,303 | +€6,105 | +27.2% |
| Transfer from deferred taxes | 780 | €88,073 | €0 | -€88,073 | -100% |
| Income taxes | 67/77 | €73,159 | €0 | -€73,159 | -100% |
| Profit (loss) for the period | 9904 | -€7,494 | -€16,303 | -€8,809 | -118% |
| Transfer from tax-exempt reserves | 789 | €264,546 | €0 | -€264,546 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €257,052 | -€16,303 | -€273,355 |
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 28 October 2026 via checked.be.