IMMO VANDEWIELE: 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 VANDEWIELE
Largest movements
- Tangible fixed assets -€17,203
down €17,203 (-6.7%), from €257,070 to €239,866
- Current portion of long-term debt -€28,079
no longer reported in 2025 (was €28,079)
- Reserves +€25,463
up €25,463 (+51.9%), from €49,091 to €74,554
of which Distributable reserves: +€25,463
- Tax, wage and social debts -€7,922
down €7,922 (-62.4%), from €12,700 to €4,778
- Accrued charges and deferred income -€3,164
down €3,164 (-88.8%), from €3,563 to €400
- Gross operating margin +€1,533
up €1,533 (+2.4%), from €62,758 to €64,290
- Financial charges -€1,472
down €1,472 (-69.3%), from €2,123 to €651
- Taxes +€651
up €651 (+5.8%), from €11,232 to €11,883
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 | €260,664 | €246,565 | -€14,100 | -5.4% |
| Fixed assets | 21/28 | €257,070 | €239,866 | -€17,203 | -6.7% |
| Tangible fixed assets | 22/27 | €257,070 | €239,866 | -€17,203 | -6.7% |
| Land and buildings | 22 | €257,070 | €239,866 | -€17,203 | -6.7% |
| Current assets | 29/58 | €3,595 | €6,698 | +€3,104 | +86.4% |
| Amounts receivable within one year | 40/41 | €107 | €664 | +€557 | +522% |
| Other amounts receivable | 41 | €107 | €664 | +€557 | +522% |
| Cash at bank and in hand | 54/58 | €3,488 | €6,035 | +€2,547 | +73.0% |
| Total equity and liabilities | 10/49 | €260,664 | €246,565 | -€14,100 | -5.4% |
| Equity | 10/15 | €203,857 | €229,320 | +€25,463 | +12.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €49,091 | €74,554 | +€25,463 | +51.9% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €44,091 | €69,554 | +€25,463 | +57.8% |
| Profit (loss) carried forward | 14 | €104,766 | €104,766 | = | 0.0% |
| Amounts payable | 17/49 | €56,807 | €17,245 | -€39,562 | -69.6% |
| Amounts payable within one year | 42/48 | €53,244 | €16,845 | -€36,399 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | €28,079 | - | -€28,079 | |
| Trade debts | 44 | €398 | - | -€398 | |
| Suppliers | 440/4 | €398 | - | -€398 | |
| Taxes, remuneration and social security | 45 | €12,700 | €4,778 | -€7,922 | -62.4% |
| Taxes | 450/3 | €12,700 | €4,778 | -€7,922 | -62.4% |
| Other amounts payable | 47/48 | €12,067 | €12,067 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,563 | €400 | -€3,164 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,203 | €17,203 | = | 0.0% |
| Other operating charges | 640/8 | €8,813 | €9,090 | +€277 | +3.1% |
| Gross operating margin | 9900 | €62,758 | €64,290 | +€1,533 | +2.4% |
| Operating profit (loss) | 9901 | €36,741 | €37,997 | +€1,256 | +3.4% |
| Financial charges | 65/66B | €2,123 | €651 | -€1,472 | -69.3% |
| Recurring financial charges | 65 | €2,123 | €651 | -€1,472 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €34,618 | €37,346 | +€2,728 | +7.9% |
| Income taxes | 67/77 | €11,232 | €11,883 | +€651 | +5.8% |
| Profit (loss) for the period | 9904 | €23,386 | €25,463 | +€2,077 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,386 | €25,463 | +€2,077 | +8.9% |
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 31 October 2026 via checked.be.