IMMO-VANMIL: 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-VANMIL
Largest movements
- Current investments +€1.1m
up €1.1m (+103.5%), from €1.1m to €2.2m
- Cash -€581,230
down €581,230 (-34.0%), from €1.7m to €1.1m
mainly Current investments (-€1.1m) and Other debts (-€110,344)
- Tangible fixed assets -€160,333
down €160,333 (-7.8%), from €2.0m to €1.9m
- Receivables within one year +€58,503
new in 2025: €58,503
- Reserves +€555,026
up €555,026 (+13.5%), from €4.1m to €4.7m
of which Distributable reserves: +€730,619
- Other debts -€110,344
down €110,344 (-32.8%), from €336,273 to €225,929
- Financial income +€400,121
up €400,121 (+471.6%), from €84,843 to €484,964
- Taxes +€71,568
up €71,568 (+118.7%), from €60,285 to €131,853
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 | €4,870,250 | €5,342,236 | +€471,986 | +9.7% |
| Fixed assets | 21/28 | €2,048,767 | €1,888,434 | -€160,333 | -7.8% |
| Tangible fixed assets | 22/27 | €2,048,767 | €1,888,434 | -€160,333 | -7.8% |
| Land and buildings | 22 | €2,048,767 | €1,888,434 | -€160,333 | -7.8% |
| Current assets | 29/58 | €2,821,483 | €3,453,803 | +€632,320 | +22.4% |
| Amounts receivable within one year | 40/41 | - | €58,503 | +€58,503 | |
| Other amounts receivable | 41 | - | €58,503 | +€58,503 | |
| Current investments | 50/53 | €1,100,200 | €2,238,655 | +€1.1m | +103.5% |
| Cash at bank and in hand | 54/58 | €1,710,952 | €1,129,722 | -€581,230 | -34.0% |
| Deferred charges and accrued income | 490/1 | €10,331 | €26,922 | +€16,592 | +160.6% |
| Total equity and liabilities | 10/49 | €4,870,250 | €5,342,236 | +€471,986 | +9.7% |
| Equity | 10/15 | €4,451,203 | €5,006,229 | +€555,026 | +12.5% |
| Contributions | 10/11 | €325,767 | €325,767 | = | 0.0% |
| Reserves | 13 | €4,119,689 | €4,674,715 | +€555,026 | +13.5% |
| Tax-exempt reserves | 132 | €328,048 | €152,455 | -€175,593 | -53.5% |
| Distributable reserves | 133 | €3,791,641 | €4,522,260 | +€730,619 | +19.3% |
| Profit (loss) carried forward | 14 | €5,747 | €5,747 | = | 0.0% |
| Amounts payable | 17/49 | €419,047 | €336,008 | -€83,040 | -19.8% |
| Amounts payable within one year | 42/48 | €377,047 | €300,008 | -€77,040 | -20.4% |
| Trade debts | 44 | €4,076 | €1,017 | -€3,058 | -75.0% |
| Suppliers | 440/4 | €4,076 | €1,017 | -€3,058 | -75.0% |
| Taxes, remuneration and social security | 45 | €36,699 | €73,062 | +€36,363 | +99.1% |
| Taxes | 450/3 | €36,699 | €73,062 | +€36,363 | +99.1% |
| Other amounts payable | 47/48 | €336,273 | €225,929 | -€110,344 | -32.8% |
| Accrued charges and deferred income | 492/3 | €42,000 | €36,000 | -€6,000 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,037 | €164,570 | -€3,467 | -2.1% |
| Other operating charges | 640/8 | €36,507 | €32,573 | -€3,935 | -10.8% |
| Gross operating margin | 9900 | €406,030 | €402,535 | -€3,495 | -0.9% |
| Operating profit (loss) | 9901 | €201,486 | €205,393 | +€3,907 | +1.9% |
| Financial income | 75/76B | €84,843 | €484,964 | +€400,121 | +471.6% |
| Recurring financial income | 75 | €84,843 | €484,964 | +€400,121 | +471.6% |
| Financial charges | 65/66B | €456 | €3,477 | +€3,022 | +663.3% |
| Recurring financial charges | 65 | €456 | €3,477 | +€3,022 | +663.3% |
| Profit (loss) for the period before taxes | 9903 | €285,873 | €686,879 | +€401,006 | +140.3% |
| Income taxes | 67/77 | €60,285 | €131,853 | +€71,568 | +118.7% |
| Profit (loss) for the period | 9904 | €225,588 | €555,026 | +€329,438 | +146.0% |
| Transfer from tax-exempt reserves | 789 | - | €175,593 | +€175,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,588 | €730,619 | +€505,031 | +223.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.