IMMO VANDOCK: 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 VANDOCK
Largest movements
- Tangible fixed assets -€71,985
down €71,985 (-8.3%), from €865,819 to €793,834
of which Land and buildings: -€63,177
- Receivables within one year +€28,139
up €28,139, from €0 to €28,139
of which Trade receivables: +€23,066
- Cash -€25,404
down €25,404 (-71.2%), from €35,678 to €10,274
mainly Other debts (-€44,064) and Investment in fixed assets (net) (-€34,711)
- Other debts -€44,064
down €44,064 (-22.0%), from €200,338 to €156,274
- Tax, wage and social debts -€10,156
down €10,156 (-74.5%), from €13,633 to €3,477
- Gross operating margin -€22,710
down €22,710 (-13.9%), from €163,540 to €140,830
- Taxes -€5,021
down €5,021 (-66.7%), from €7,523 to €2,503
- Financial charges -€2,282
down €2,282 (-13.1%), from €17,453 to €15,171
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 | €907,087 | €841,273 | -€65,814 | -7.3% |
| Fixed assets | 21/28 | €865,819 | €793,834 | -€71,985 | -8.3% |
| Tangible fixed assets | 22/27 | €865,819 | €793,834 | -€71,985 | -8.3% |
| Land and buildings | 22 | €833,701 | €770,524 | -€63,177 | -7.6% |
| Furniture and vehicles | 24 | €32,118 | €23,310 | -€8,808 | -27.4% |
| Current assets | 29/58 | €41,268 | €47,439 | +€6,171 | +15.0% |
| Amounts receivable within one year | 40/41 | €0 | €28,139 | +€28,139 | |
| Trade receivables | 40 | €0 | €23,066 | +€23,066 | |
| Other amounts receivable | 41 | €0 | €5,073 | +€5,073 | |
| Cash at bank and in hand | 54/58 | €35,678 | €10,274 | -€25,404 | -71.2% |
| Deferred charges and accrued income | 490/1 | €5,590 | €9,026 | +€3,436 | +61.5% |
| Total equity and liabilities | 10/49 | €907,087 | €841,273 | -€65,814 | -7.3% |
| Equity | 10/15 | €385,210 | €378,476 | -€6,735 | -1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €366,618 | €359,884 | -€6,735 | -1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €366,618 | €359,884 | -€6,735 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €521,877 | €462,798 | -€59,079 | -11.3% |
| Amounts payable after more than one year | 17 | €237,342 | €239,158 | +€1,816 | +0.8% |
| Financial debts | 170/4 | €237,342 | €239,158 | +€1,816 | +0.8% |
| Amounts payable within one year | 42/48 | €278,238 | €220,406 | -€57,832 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €62,534 | €58,184 | -€4,350 | -7.0% |
| Trade debts | 44 | €1,734 | €2,470 | +€736 | +42.5% |
| Suppliers | 440/4 | €1,734 | €2,470 | +€736 | +42.5% |
| Taxes, remuneration and social security | 45 | €13,633 | €3,477 | -€10,156 | -74.5% |
| Taxes | 450/3 | €13,633 | €3,477 | -€10,156 | -74.5% |
| Other amounts payable | 47/48 | €200,338 | €156,274 | -€44,064 | -22.0% |
| Accrued charges and deferred income | 492/3 | €6,297 | €3,234 | -€3,062 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,509 | €106,695 | +€1,186 | +1.1% |
| Other operating charges | 640/8 | €8,375 | €8,909 | +€534 | +6.4% |
| Gross operating margin | 9900 | €163,540 | €140,830 | -€22,710 | -13.9% |
| Operating profit (loss) | 9901 | €49,656 | €25,226 | -€24,431 | -49.2% |
| Financial charges | 65/66B | €17,453 | €15,171 | -€2,282 | -13.1% |
| Recurring financial charges | 65 | €17,453 | €15,171 | -€2,282 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €32,204 | €10,055 | -€22,149 | -68.8% |
| Income taxes | 67/77 | €7,523 | €2,503 | -€5,021 | -66.7% |
| Profit (loss) for the period | 9904 | €24,680 | €7,552 | -€17,128 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,680 | €7,552 | -€17,128 | -69.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.