IMMO VANDERBIEST: what changed
Two fiscal 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 VANDERBIEST
Largest movements
- Cash -€276,611
down €276,611 (-93.3%), from €296,488 to €19,877
mainly Tax, wage and social debts (-€389,500) and Investment in fixed assets (net) (-€197,640)
- Receivables within one year +€164,512
up €164,512 (+9.1%), from €1.8m to €2.0m
of which Trade receivables: +€164,512
- Tangible fixed assets +€108,046
up €108,046 (+10.5%), from €1.0m to €1.1m
of which Land and buildings: +€114,573
- Tax, wage and social debts -€389,500
down €389,500 (-98.4%), from €396,000 to €6,500
- Short-term financial debts +€327,384
up €327,384 (+163.7%), from €200,000 to €527,384
- Other debts +€138,529
up €138,529 (+44.8%), from €309,327 to €447,857
- Debts after one year -€68,275
down €68,275 (-49.6%), from €137,520 to €69,245
of which Financial debts: -€66,939
- Gross operating margin -€3.1m
down €3.1m (-96.7%), from €3.2m to €104,823
- Taxes -€939,364
down €939,364 (-99.3%), from €946,000 to €6,636
- Other operating charges -€46,703
down €46,703 (-76.7%), from €60,905 to €14,202
- Financial income +€36,300
new in 2025: €36,300
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.
Cash bridge derived
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 | €3,156,973 | €3,183,347 | +€26,373 | +0.8% |
| Fixed assets | 21/28 | €1,037,177 | €1,145,223 | +€108,046 | +10.4% |
| Tangible fixed assets | 22/27 | €1,029,677 | €1,137,723 | +€108,046 | +10.5% |
| Land and buildings | 22 | €1,023,150 | €1,137,723 | +€114,573 | +11.2% |
| Plant, machinery and equipment | 23 | €6,527 | €0 | -€6,527 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €2,119,796 | €2,038,123 | -€81,673 | -3.9% |
| Amounts receivable within one year | 40/41 | €1,814,984 | €1,979,496 | +€164,512 | +9.1% |
| Trade receivables | 40 | - | €164,512 | +€164,512 | |
| Other amounts receivable | 41 | €1,814,984 | €1,814,984 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €296,488 | €19,877 | -€276,611 | -93.3% |
| Deferred charges and accrued income | 490/1 | €8,325 | €38,751 | +€30,426 | +365.5% |
| Total equity and liabilities | 10/49 | €3,156,973 | €3,183,347 | +€26,373 | +0.8% |
| Equity | 10/15 | €2,049,003 | €2,062,094 | +€13,091 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,030,403 | €2,043,494 | +€13,091 | +0.6% |
| Distributable reserves | 133 | €2,030,403 | €2,043,494 | +€13,091 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,107,970 | €1,121,252 | +€13,282 | +1.2% |
| Amounts payable after more than one year | 17 | €137,520 | €69,245 | -€68,275 | -49.6% |
| Financial debts | 170/4 | €136,184 | €69,245 | -€66,939 | -49.2% |
| Other amounts payable | 178/9 | €1,336 | €0 | -€1,336 | -100.0% |
| Amounts payable within one year | 42/48 | €970,451 | €1,052,007 | +€81,557 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €64,709 | €66,939 | +€2,230 | +3.4% |
| Financial debts | 43 | €200,000 | €527,384 | +€327,384 | +163.7% |
| Credit institutions | 430/8 | €200,000 | €527,384 | +€327,384 | +163.7% |
| Trade debts | 44 | €414 | €3,328 | +€2,914 | +703.5% |
| Suppliers | 440/4 | €414 | €3,328 | +€2,914 | +703.5% |
| Taxes, remuneration and social security | 45 | €396,000 | €6,500 | -€389,500 | -98.4% |
| Taxes | 450/3 | €396,000 | €6,500 | -€389,500 | -98.4% |
| Other amounts payable | 47/48 | €309,327 | €447,857 | +€138,529 | +44.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,147,141 | €77,947 | -€3.1m | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,389 | €89,594 | -€19,796 | -18.1% |
| Other operating charges | 640/8 | €60,905 | €14,202 | -€46,703 | -76.7% |
| Gross operating margin | 9900 | €3,169,844 | €104,823 | -€3.1m | -96.7% |
| Operating profit (loss) | 9901 | €2,999,549 | €1,027 | -€3.0m | -100.0% |
| Financial income | 75/76B | - | €36,300 | +€36,300 | |
| Recurring financial income | 75 | - | €36,300 | +€36,300 | |
| Financial charges | 65/66B | €11,666 | €17,599 | +€5,932 | +50.9% |
| Recurring financial charges | 65 | €11,666 | €17,599 | +€5,932 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €2,987,883 | €19,728 | -€3.0m | -99.3% |
| Income taxes | 67/77 | €946,000 | €6,636 | -€939,364 | -99.3% |
| Profit (loss) for the period | 9904 | €2,041,883 | €13,091 | -€2.0m | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,041,883 | €13,091 | -€2.0m | -99.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.