IMMO - VANEECKHOUTE: 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 - VANEECKHOUTE
Largest movements
- Cash +€108,533
up €108,533 (+644.4%), from €16,843 to €125,376
mainly Current investments (+€100,456) and Depreciation (+€14,536)
- Current investments -€100,456
down €100,456 (-100.0%), from €100,477 to €21
- Tangible fixed assets -€5,797
down €5,797 (-4.3%), from €136,272 to €130,475
of which Furniture and vehicles: -€8,510
- Reserves +€4,175
up €4,175 (+20.8%), from €20,079 to €24,254
of which Distributable reserves: +€3,900
- Depreciation -€5,951
down €5,951 (-29.0%), from €20,487 to €14,536
- Financial income -€3,135
down €3,135 (-46.6%), from €6,729 to €3,594
- Gross operating margin +€2,839
up €2,839 (+9.9%), from €28,593 to €31,432
- Other operating charges +€1,641
up €1,641 (+19.9%), from €8,238 to €9,879
- Taxes +€341
up €341 (+7.8%), from €4,392 to €4,733
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 | €350,034 | €353,073 | +€3,039 | +0.9% |
| Fixed assets | 21/28 | €136,272 | €130,475 | -€5,797 | -4.3% |
| Tangible fixed assets | 22/27 | €136,272 | €130,475 | -€5,797 | -4.3% |
| Land and buildings | 22 | €127,762 | €130,475 | +€2,713 | +2.1% |
| Furniture and vehicles | 24 | €8,510 | €0 | -€8,510 | -100.0% |
| Current assets | 29/58 | €213,762 | €222,598 | +€8,836 | +4.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,532 | €75,532 | = | 0.0% |
| Other amounts receivable | 41 | €75,532 | €75,532 | = | 0.0% |
| Current investments | 50/53 | €100,477 | €21 | -€100,456 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,843 | €125,376 | +€108,533 | +644.4% |
| Deferred charges and accrued income | 490/1 | €910 | €1,669 | +€759 | +83.4% |
| Total equity and liabilities | 10/49 | €350,034 | €353,073 | +€3,039 | +0.9% |
| Equity | 10/15 | €322,655 | €326,871 | +€4,216 | +1.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €20,079 | €24,254 | +€4,175 | +20.8% |
| Non-distributable reserves | 130/1 | €3,875 | €4,150 | +€275 | +7.1% |
| Legal reserve | 130 | €3,875 | €4,150 | +€275 | +7.1% |
| Tax-exempt reserves | 132 | €12,587 | €12,587 | = | 0.0% |
| Distributable reserves | 133 | €3,617 | €7,517 | +€3,900 | +107.8% |
| Profit (loss) carried forward | 14 | €152,576 | €152,617 | +€41 | 0.0% |
| Amounts payable | 17/49 | €27,379 | €26,202 | -€1,177 | -4.3% |
| Amounts payable within one year | 42/48 | €22,407 | €22,002 | -€405 | -1.8% |
| Trade debts | 44 | €1,500 | €1,500 | = | 0.0% |
| Suppliers | 440/4 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,322 | €6,310 | -€12 | -0.2% |
| Taxes | 450/3 | €6,322 | €6,310 | -€12 | -0.2% |
| Other amounts payable | 47/48 | €14,585 | €14,192 | -€393 | -2.7% |
| Accrued charges and deferred income | 492/3 | €4,972 | €4,200 | -€772 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,487 | €14,536 | -€5,951 | -29.0% |
| Other operating charges | 640/8 | €8,238 | €9,879 | +€1,641 | +19.9% |
| Gross operating margin | 9900 | €28,593 | €31,432 | +€2,839 | +9.9% |
| Operating profit (loss) | 9901 | -€132 | €7,017 | +€7,149 | |
| Financial income | 75/76B | €6,729 | €3,594 | -€3,135 | -46.6% |
| Recurring financial income | 75 | €6,729 | €3,594 | -€3,135 | -46.6% |
| Financial charges | 65/66B | €661 | €829 | +€168 | +25.4% |
| Recurring financial charges | 65 | €661 | €472 | -€189 | -28.6% |
| Non-recurring financial charges | 66B | - | €357 | +€357 | |
| Profit (loss) for the period before taxes | 9903 | €5,936 | €9,782 | +€3,846 | +64.8% |
| Income taxes | 67/77 | €4,392 | €4,733 | +€341 | +7.8% |
| Profit (loss) for the period | 9904 | €1,543 | €5,049 | +€3,506 | +227.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,543 | €5,049 | +€3,506 | +227.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.