IMMO VANGENEUGDEN: 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 VANGENEUGDEN
Largest movements
- Tangible fixed assets -€23,256
down €23,256 (-5.8%), from €404,118 to €380,862
- Reserves -€12,673
down €12,673 (-5.8%), from €218,131 to €205,458
of which Tax-exempt reserves: -€12,880
- Current portion of long-term debt -€5,031
down €5,031 (-100%), from €5,031 to €0
- Provisions -€4,293
down €4,293 (-7.8%), from €54,849 to €50,556
- Gross operating margin -€987
down €987 (-4.8%), from €20,725 to €19,737
- Financial charges -€927
down €927 (-11.1%), from €8,322 to €7,395
- Taxes +€248
up €248 (+71.3%), from €348 to €596
- Other operating charges -€227
down €227 (-4.0%), from €5,685 to €5,458
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 | €406,642 | €385,756 | -€20,886 | -5.1% |
| Fixed assets | 21/28 | €404,118 | €380,862 | -€23,256 | -5.8% |
| Tangible fixed assets | 22/27 | €404,118 | €380,862 | -€23,256 | -5.8% |
| Land and buildings | 22 | €404,118 | €380,862 | -€23,256 | -5.8% |
| Current assets | 29/58 | €2,524 | €4,894 | +€2,370 | +93.9% |
| Amounts receivable within one year | 40/41 | €0 | €849 | +€849 | |
| Trade receivables | 40 | €0 | €849 | +€849 | |
| Cash at bank and in hand | 54/58 | €1,285 | €1,766 | +€480 | +37.4% |
| Deferred charges and accrued income | 490/1 | €1,239 | €2,279 | +€1,040 | +83.9% |
| Total equity and liabilities | 10/49 | €406,642 | €385,756 | -€20,886 | -5.1% |
| Equity | 10/15 | €236,731 | €224,058 | -€12,673 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,131 | €205,458 | -€12,673 | -5.8% |
| Tax-exempt reserves | 132 | €164,548 | €151,668 | -€12,880 | -7.8% |
| Distributable reserves | 133 | €53,584 | €53,790 | +€207 | +0.4% |
| Provisions and deferred taxes | 16 | €54,849 | €50,556 | -€4,293 | -7.8% |
| Deferred taxes | 168 | €54,849 | €50,556 | -€4,293 | -7.8% |
| Amounts payable | 17/49 | €115,061 | €111,141 | -€3,920 | -3.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €115,061 | €111,141 | -€3,920 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €5,031 | €0 | -€5,031 | -100% |
| Trade debts | 44 | €458 | €1,614 | +€1,155 | +252% |
| Suppliers | 440/4 | €458 | €1,614 | +€1,155 | +252% |
| Taxes, remuneration and social security | 45 | €2,769 | €3,096 | +€327 | +11.8% |
| Taxes | 450/3 | €2,769 | €3,096 | +€327 | +11.8% |
| Other amounts payable | 47/48 | €106,803 | €106,432 | -€371 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,432 | €23,256 | -€176 | -0.8% |
| Other operating charges | 640/8 | €5,685 | €5,458 | -€227 | -4.0% |
| Gross operating margin | 9900 | €20,725 | €19,737 | -€987 | -4.8% |
| Operating profit (loss) | 9901 | -€8,392 | -€8,976 | -€584 | -7.0% |
| Financial income | 75/76B | €4 | €1 | -€2 | -66.3% |
| Recurring financial income | 75 | €4 | €1 | -€2 | -66.3% |
| Financial charges | 65/66B | €8,322 | €7,395 | -€927 | -11.1% |
| Recurring financial charges | 65 | €8,322 | €7,395 | -€927 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,710 | -€16,370 | +€340 | +2.0% |
| Transfer from deferred taxes | 780 | €4,293 | €4,293 | = | 0.0% |
| Income taxes | 67/77 | €348 | €596 | +€248 | +71.3% |
| Profit (loss) for the period | 9904 | -€12,765 | -€12,673 | +€92 | +0.7% |
| Transfer from tax-exempt reserves | 789 | €12,880 | €12,880 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €207 | +€92 | +80.1% |
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 24 October 2026 via checked.be.