IMMO VANDERDONCKT: 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 VANDERDONCKT
Largest movements
- Cash -€162,410
down €162,410 (-74.6%), from €217,612 to €55,202
mainly Current investments (-€73,369) and Receivables within one year (-€67,753)
- Current investments +€73,369
up €73,369 (+73.4%), from €100,000 to €173,369
- Receivables within one year +€67,753
up €67,753 (+78.2%), from €86,635 to €154,388
- Tangible fixed assets -€10,028
down €10,028 (-10.6%), from €94,781 to €84,753
of which Land and buildings: -€9,946
- Trade debts -€14,488
down €14,488 (-54.8%), from €26,424 to €11,936
- Profit (loss) carried forward -€12,861
down €12,861 (-5.6%), from -€230,923 to -€243,784
- Taxes -€44,450
down €44,450 (-100%), from €44,450 to €0
- Gross operating margin -€33,437
down €33,437, from €26,271 to -€7,166
- Financial charges +€11,272
up €11,272, from -€7,788 to €3,484
- Financial income +€6,225
up €6,225 (+213%), from €2,923 to €9,149
- Other operating charges -€3,049
down €3,049 (-69.6%), from €4,382 to €1,333
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 | €499,272 | €467,938 | -€31,334 | -6.3% |
| Fixed assets | 21/28 | €94,781 | €84,753 | -€10,028 | -10.6% |
| Tangible fixed assets | 22/27 | €94,781 | €84,753 | -€10,028 | -10.6% |
| Land and buildings | 22 | €94,692 | €84,745 | -€9,946 | -10.5% |
| Plant, machinery and equipment | 23 | €90 | €8 | -€82 | -91.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €404,491 | €383,185 | -€21,306 | -5.3% |
| Amounts receivable within one year | 40/41 | €86,635 | €154,388 | +€67,753 | +78.2% |
| Other amounts receivable | 41 | €86,635 | €154,388 | +€67,753 | +78.2% |
| Current investments | 50/53 | €100,000 | €173,369 | +€73,369 | +73.4% |
| Cash at bank and in hand | 54/58 | €217,612 | €55,202 | -€162,410 | -74.6% |
| Deferred charges and accrued income | 490/1 | €244 | €226 | -€18 | -7.3% |
| Total equity and liabilities | 10/49 | €499,272 | €467,938 | -€31,334 | -6.3% |
| Equity | 10/15 | €423,354 | €410,493 | -€12,861 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €56,964 | €52,217 | -€4,747 | -8.3% |
| Reserves | 13 | €578,713 | €583,460 | +€4,747 | +0.8% |
| Non-distributable reserves | 130/1 | €2,372 | €2,372 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,372 | €2,372 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €574,841 | €579,588 | +€4,747 | +0.8% |
| Profit (loss) carried forward | 14 | -€230,923 | -€243,784 | -€12,861 | -5.6% |
| Amounts payable | 17/49 | €75,918 | €57,445 | -€18,473 | -24.3% |
| Amounts payable after more than one year | 17 | €1,028 | €0 | -€1,028 | -100% |
| Financial debts | 170/4 | €1,028 | €0 | -€1,028 | -100% |
| Amounts payable within one year | 42/48 | €74,890 | €57,445 | -€17,445 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €3,985 | €1,028 | -€2,957 | -74.2% |
| Financial debts | 43 | €31 | €31 | = | 0.0% |
| Credit institutions | 430/8 | €31 | €31 | = | 0.0% |
| Trade debts | 44 | €26,424 | €11,936 | -€14,488 | -54.8% |
| Suppliers | 440/4 | €26,424 | €11,936 | -€14,488 | -54.8% |
| Taxes, remuneration and social security | 45 | €44,450 | €44,450 | = | 0.0% |
| Taxes | 450/3 | €44,450 | €44,450 | = | 0.0% |
| Non-recurring operating income | 76A | €61,001 | €0 | -€61,001 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,028 | €10,028 | = | 0.0% |
| Other operating charges | 640/8 | €4,382 | €1,333 | -€3,049 | -69.6% |
| Gross operating margin | 9900 | €26,271 | -€7,166 | -€33,437 | |
| Operating profit (loss) | 9901 | €11,861 | -€18,527 | -€30,388 | |
| Financial income | 75/76B | €2,923 | €9,149 | +€6,225 | +213% |
| Recurring financial income | 75 | €2,923 | €9,149 | +€6,225 | +213% |
| Financial charges | 65/66B | -€7,788 | €3,484 | +€11,272 | |
| Recurring financial charges | 65 | -€7,788 | €3,484 | +€11,272 | |
| Profit (loss) for the period before taxes | 9903 | €22,573 | -€12,861 | -€35,434 | |
| Income taxes | 67/77 | €44,450 | €0 | -€44,450 | -100% |
| Profit (loss) for the period | 9904 | -€21,877 | -€12,861 | +€9,016 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,877 | -€12,861 | +€9,016 | +41.2% |
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.