IMMO VAN VOOREN: 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 VOOREN
Largest movements
- Receivables within one year +€96,545
up €96,545 (+66.3%), from €145,629 to €242,174
of which Other amounts receivable: +€110,063
- Cash -€33,749
down €33,749 (-78.1%), from €43,230 to €9,481
mainly Contributions, distributions and other (-€235,000) and Receivables within one year (-€96,545)
- Tangible fixed assets -€17,512
down €17,512 (-6.7%), from €261,053 to €243,541
- Deferred charges and accrued income +€7,366
up €7,366 (+114%), from €6,475 to €13,841
- Other debts +€235,000
new in 2025: €235,000
- Reserves -€176,369
down €176,369 (-75.4%), from €233,826 to €57,457
of which Distributable reserves: -€176,369
- Tax, wage and social debts -€6,641
down €6,641 (-52.2%), from €12,727 to €6,085
- Depreciation -€2,394
down €2,394 (-12.0%), from €19,906 to €17,512
- Gross operating margin -€2,377
down €2,377 (-2.1%), from €114,903 to €112,526
- Financial income +€2,138
up €2,138 (+143%), from €1,500 to €3,638
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 | €465,658 | €518,308 | +€52,650 | +11.3% |
| Fixed assets | 21/28 | €270,324 | €252,812 | -€17,512 | -6.5% |
| Tangible fixed assets | 22/27 | €261,053 | €243,541 | -€17,512 | -6.7% |
| Land and buildings | 22 | €261,053 | €243,541 | -€17,512 | -6.7% |
| Financial fixed assets | 28 | €9,271 | €9,271 | = | 0.0% |
| Current assets | 29/58 | €195,334 | €265,496 | +€70,162 | +35.9% |
| Amounts receivable within one year | 40/41 | €145,629 | €242,174 | +€96,545 | +66.3% |
| Trade receivables | 40 | €45,566 | €32,048 | -€13,518 | -29.7% |
| Other amounts receivable | 41 | €100,063 | €210,126 | +€110,063 | +110% |
| Cash at bank and in hand | 54/58 | €43,230 | €9,481 | -€33,749 | -78.1% |
| Deferred charges and accrued income | 490/1 | €6,475 | €13,841 | +€7,366 | +114% |
| Total equity and liabilities | 10/49 | €465,658 | €518,308 | +€52,650 | +11.3% |
| Equity | 10/15 | €311,594 | €135,225 | -€176,369 | -56.6% |
| Contributions | 10/11 | €77,435 | €77,435 | = | 0.0% |
| Reserves | 13 | €233,826 | €57,457 | -€176,369 | -75.4% |
| Non-distributable reserves | 130/1 | €7,018 | €7,018 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,062 | €6,062 | = | 0.0% |
| Other | 1319 | €956 | €956 | = | 0.0% |
| Distributable reserves | 133 | €226,808 | €50,439 | -€176,369 | -77.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €333 | €333 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,338 | €1,338 | = | 0.0% |
| Deferred taxes | 168 | €1,338 | €1,338 | = | 0.0% |
| Amounts payable | 17/49 | €152,727 | €381,745 | +€229,019 | +150% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,727 | €241,745 | +€229,019 | +1,800% |
| Trade debts | 44 | €0 | €660 | +€660 | |
| Suppliers | 440/4 | €0 | €660 | +€660 | |
| Taxes, remuneration and social security | 45 | €12,727 | €6,085 | -€6,641 | -52.2% |
| Taxes | 450/3 | €12,727 | €6,085 | -€6,641 | -52.2% |
| Other amounts payable | 47/48 | - | €235,000 | +€235,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,906 | €17,512 | -€2,394 | -12.0% |
| Other operating charges | 640/8 | €16,440 | €16,955 | +€515 | +3.1% |
| Gross operating margin | 9900 | €114,903 | €112,526 | -€2,377 | -2.1% |
| Operating profit (loss) | 9901 | €78,557 | €78,058 | -€498 | -0.6% |
| Financial income | 75/76B | €1,500 | €3,638 | +€2,138 | +143% |
| Recurring financial income | 75 | €1,500 | €3,638 | +€2,138 | +143% |
| Financial charges | 65/66B | €3,409 | €3,521 | +€112 | +3.3% |
| Recurring financial charges | 65 | €3,409 | €3,521 | +€112 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €76,647 | €78,175 | +€1,528 | +2.0% |
| Income taxes | 67/77 | €19,446 | €19,544 | +€97 | +0.5% |
| Profit (loss) for the period | 9904 | €57,201 | €58,631 | +€1,430 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,201 | €58,631 | +€1,430 | +2.5% |
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 24 October 2026 via checked.be.