IMMO VANNESTE: 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 VANNESTE
Largest movements
- Cash -€61,049
down €61,049 (-42.1%), from €145,110 to €84,061
mainly Contributions, distributions and other (-€150,000) and Provisions (-€1,309)
- Receivables within one year -€40,220
down €40,220 (-77.0%), from €52,237 to €12,017
of which Other amounts receivable: -€40,220
- Tangible fixed assets -€19,108
down €19,108 (-4.0%), from €480,331 to €461,224
- Reserves -€117,723
down €117,723 (-22.1%), from €532,372 to €414,649
of which Distributable reserves: -€113,795
- Gross operating margin -€5,603
down €5,603 (-5.7%), from €99,008 to €93,405
- Taxes -€1,976
down €1,976 (-14.1%), from €14,045 to €12,068
- Financial income -€1,344
down €1,344 (-77.9%), from €1,726 to €382
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 | €680,979 | €560,667 | -€120,312 | -17.7% |
| Fixed assets | 21/28 | €480,331 | €461,224 | -€19,108 | -4.0% |
| Tangible fixed assets | 22/27 | €480,331 | €461,224 | -€19,108 | -4.0% |
| Land and buildings | 22 | €480,331 | €461,224 | -€19,108 | -4.0% |
| Current assets | 29/58 | €200,648 | €99,444 | -€101,204 | -50.4% |
| Amounts receivable within one year | 40/41 | €52,237 | €12,017 | -€40,220 | -77.0% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €43,162 | €2,942 | -€40,220 | -93.2% |
| Cash at bank and in hand | 54/58 | €145,110 | €84,061 | -€61,049 | -42.1% |
| Deferred charges and accrued income | 490/1 | €3,301 | €3,366 | +€65 | +2.0% |
| Total equity and liabilities | 10/49 | €680,979 | €560,667 | -€120,312 | -17.7% |
| Equity | 10/15 | €601,372 | €483,649 | -€117,723 | -19.6% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €532,372 | €414,649 | -€117,723 | -22.1% |
| Non-distributable reserves | 130/1 | €6,972 | €6,972 | = | 0.0% |
| Legal reserve | 130 | €6,900 | €6,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €72 | €72 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,383 | €65,455 | -€3,928 | -5.7% |
| Distributable reserves | 133 | €456,017 | €342,222 | -€113,795 | -25.0% |
| Provisions and deferred taxes | 16 | €23,128 | €21,818 | -€1,309 | -5.7% |
| Deferred taxes | 168 | €23,128 | €21,818 | -€1,309 | -5.7% |
| Amounts payable | 17/49 | €56,479 | €55,200 | -€1,279 | -2.3% |
| Amounts payable within one year | 42/48 | €56,479 | €55,200 | -€1,279 | -2.3% |
| Trade debts | 44 | €4,916 | €3,644 | -€1,272 | -25.9% |
| Suppliers | 440/4 | €4,916 | €3,644 | -€1,272 | -25.9% |
| Taxes, remuneration and social security | 45 | €1,563 | €1,556 | -€7 | -0.5% |
| Taxes | 450/3 | €1,563 | €1,556 | -€7 | -0.5% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,108 | €19,108 | = | 0.0% |
| Other operating charges | 640/8 | €30,613 | €31,571 | +€957 | +3.1% |
| Gross operating margin | 9900 | €99,008 | €93,405 | -€5,603 | -5.7% |
| Operating profit (loss) | 9901 | €49,287 | €42,726 | -€6,561 | -13.3% |
| Financial income | 75/76B | €1,726 | €382 | -€1,344 | -77.9% |
| Recurring financial income | 75 | €1,726 | €382 | -€1,344 | -77.9% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.4% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €50,941 | €43,036 | -€7,905 | -15.5% |
| Transfer from deferred taxes | 780 | €1,309 | €1,309 | = | 0.0% |
| Income taxes | 67/77 | €14,045 | €12,068 | -€1,976 | -14.1% |
| Profit (loss) for the period | 9904 | €38,206 | €32,277 | -€5,929 | -15.5% |
| Transfer from tax-exempt reserves | 789 | €3,928 | €3,928 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,134 | €36,205 | -€5,929 | -14.1% |
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 25 October 2026 via checked.be.