IMMO VANDEPOEL: what changed
IMMO VANDEPOEL
Largest movements
- Cash +€295,647
up €295,647 (+101%), from €293,915 to €589,562
mainly Investment in fixed assets (net) (+€136,335) and Net result for the year (+€135,751)
- Tangible fixed assets -€144,140
down €144,140 (-42.7%), from €337,306 to €193,166
of which Land and buildings: -€141,960
- Reserves +€106,317
up €106,317 (+195%), from €54,641 to €160,958
of which Distributable reserves: +€101,001
- Profit (loss) carried forward +€29,434
no longer reported in 2025 (was -€29,434)
- Tax, wage and social debts +€10,436
up €10,436 (+2,023%), from €516 to €10,952
- Gross operating margin +€164,626
up €164,626, from -€5,499 to €159,127
- Taxes +€10,614
up €10,614 (+3,125%), from €340 to €10,954
- Depreciation -€5,900
down €5,900 (-43.1%), from €13,705 to €7,805
- Financial income -€2,563
no longer reported in 2025 (was €2,563)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,896 | €783,848 | +€144,952 | +22.7% |
| Fixed assets | 21/28 | €337,306 | €193,166 | -€144,140 | -42.7% |
| Tangible fixed assets | 22/27 | €337,306 | €193,166 | -€144,140 | -42.7% |
| Land and buildings | 22 | €330,025 | €188,066 | -€141,960 | -43.0% |
| Furniture and vehicles | 24 | €7,280 | €5,100 | -€2,180 | -29.9% |
| Current assets | 29/58 | €301,591 | €590,682 | +€289,092 | +95.9% |
| Amounts receivable within one year | 40/41 | €6,076 | - | -€6,076 | |
| Trade receivables | 40 | €6,076 | - | -€6,076 | |
| Cash at bank and in hand | 54/58 | €293,915 | €589,562 | +€295,647 | +101% |
| Deferred charges and accrued income | 490/1 | €1,599 | €1,120 | -€479 | -30.0% |
| Total equity and liabilities | 10/49 | €638,896 | €783,848 | +€144,952 | +22.7% |
| Equity | 10/15 | €634,317 | €770,068 | +€135,751 | +21.4% |
| Contributions | 10/11 | €609,110 | €609,110 | = | 0.0% |
| Capital | 10 | €609,110 | €609,110 | = | 0.0% |
| Issued capital | 100 | €609,110 | €609,110 | = | 0.0% |
| Reserves | 13 | €54,641 | €160,958 | +€106,317 | +195% |
| Non-distributable reserves | 130/1 | €21,691 | €27,007 | +€5,316 | +24.5% |
| Legal reserve | 130 | €21,691 | €27,007 | +€5,316 | +24.5% |
| Distributable reserves | 133 | €32,950 | €133,951 | +€101,001 | +307% |
| Profit (loss) carried forward | 14 | -€29,434 | - | +€29,434 | |
| Amounts payable | 17/49 | €4,580 | €13,780 | +€9,201 | +201% |
| Amounts payable within one year | 42/48 | €4,580 | €13,780 | +€9,201 | +201% |
| Trade debts | 44 | €1,064 | €970 | -€95 | -8.9% |
| Suppliers | 440/4 | €1,064 | €970 | -€95 | -8.9% |
| Taxes, remuneration and social security | 45 | €516 | €10,952 | +€10,436 | +2,023% |
| Taxes | 450/3 | €516 | €10,952 | +€10,436 | +2,023% |
| Other amounts payable | 47/48 | €2,999 | €1,859 | -€1,140 | -38.0% |
| Non-recurring operating income | 76A | - | €163,665 | +€163,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,705 | €7,805 | -€5,900 | -43.1% |
| Other operating charges | 640/8 | €4,567 | €4,521 | -€46 | -1.0% |
| Gross operating margin | 9900 | -€5,499 | €159,127 | +€164,626 | |
| Operating profit (loss) | 9901 | -€23,771 | €146,801 | +€170,572 | |
| Financial income | 75/76B | €2,563 | - | -€2,563 | |
| Recurring financial income | 75 | €2,563 | - | -€2,563 | |
| Financial charges | 65/66B | €126 | €96 | -€29 | -23.4% |
| Recurring financial charges | 65 | €126 | €96 | -€29 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,333 | €146,705 | +€168,038 | |
| Income taxes | 67/77 | €340 | €10,954 | +€10,614 | +3,125% |
| Profit (loss) for the period | 9904 | -€21,673 | €135,751 | +€157,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,673 | €135,751 | +€157,424 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.