IMMO VANO: 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 VANO
Largest movements
- Stocks and contracts +€40,000
up €40,000 (+11.8%), from €338,091 to €378,091
- Receivables within one year -€25,032
down €25,032 (-16.7%), from €149,597 to €124,564
of which Trade receivables: -€21,750
- Deferred charges and accrued income +€21,831
up €21,831 (+356%), from €6,139 to €27,970
- Tangible fixed assets -€21,100
down €21,100 (-8.1%), from €259,875 to €238,775
- Cash -€20,536
down €20,536 (-100.0%), from €20,544 to €8
mainly Stocks and contracts (-€40,000) and Trade debts (-€38,208)
- Other debts +€47,832
up €47,832 (+38.9%), from €122,959 to €170,791
- Trade debts -€38,208
down €38,208 (-94.8%), from €40,291 to €2,083
- Debts after one year -€15,530
down €15,530 (-2.9%), from €538,084 to €522,553
- Gross operating margin -€447,805
down €447,805 (-90.8%), from €493,401 to €45,595
- Financial charges -€60,627
down €60,627 (-87.0%), from €69,719 to €9,093
- Other operating charges -€17,625
down €17,625 (-58.9%), from €29,934 to €12,309
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 | €774,496 | €769,658 | -€4,838 | -0.6% |
| Fixed assets | 21/28 | €260,125 | €239,025 | -€21,100 | -8.1% |
| Tangible fixed assets | 22/27 | €259,875 | €238,775 | -€21,100 | -8.1% |
| Land and buildings | 22 | €259,875 | €238,775 | -€21,100 | -8.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €514,371 | €530,633 | +€16,262 | +3.2% |
| Stocks and contracts in progress | 3 | €338,091 | €378,091 | +€40,000 | +11.8% |
| Stocks | 30/36 | €338,091 | €378,091 | +€40,000 | +11.8% |
| Amounts receivable within one year | 40/41 | €149,597 | €124,564 | -€25,032 | -16.7% |
| Trade receivables | 40 | €30,250 | €8,500 | -€21,750 | -71.9% |
| Other amounts receivable | 41 | €119,347 | €116,064 | -€3,282 | -2.8% |
| Cash at bank and in hand | 54/58 | €20,544 | €8 | -€20,536 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,139 | €27,970 | +€21,831 | +356% |
| Total equity and liabilities | 10/49 | €774,496 | €769,658 | -€4,838 | -0.6% |
| Equity | 10/15 | €51,376 | €56,185 | +€4,809 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,500 | €29,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,876 | €6,685 | +€4,809 | +256% |
| Amounts payable | 17/49 | €723,120 | €713,473 | -€9,647 | -1.3% |
| Amounts payable after more than one year | 17 | €538,084 | €522,553 | -€15,530 | -2.9% |
| Financial debts | 170/4 | €538,084 | €522,553 | -€15,530 | -2.9% |
| Amounts payable within one year | 42/48 | €185,036 | €190,919 | +€5,883 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €14,781 | €15,530 | +€750 | +5.1% |
| Financial debts | 43 | - | €715 | +€715 | |
| Credit institutions | 430/8 | - | €715 | +€715 | |
| Trade debts | 44 | €40,291 | €2,083 | -€38,208 | -94.8% |
| Suppliers | 440/4 | €40,291 | €2,083 | -€38,208 | -94.8% |
| Taxes, remuneration and social security | 45 | €7,006 | €1,800 | -€5,206 | -74.3% |
| Taxes | 450/3 | €7,006 | €1,800 | -€5,206 | -74.3% |
| Other amounts payable | 47/48 | €122,959 | €170,791 | +€47,832 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,100 | €21,100 | -€0 | 0.0% |
| Other operating charges | 640/8 | €29,934 | €12,309 | -€17,625 | -58.9% |
| Non-recurring operating charges | 66A | €49,316 | €470 | -€48,846 | -99.0% |
| Gross operating margin | 9900 | €493,401 | €45,595 | -€447,805 | -90.8% |
| Operating profit (loss) | 9901 | €393,051 | €11,716 | -€381,335 | -97.0% |
| Financial income | 75/76B | €5,114 | €3,886 | -€1,228 | -24.0% |
| Recurring financial income | 75 | €5,114 | €3,886 | -€1,228 | -24.0% |
| Financial charges | 65/66B | €69,719 | €9,093 | -€60,627 | -87.0% |
| Recurring financial charges | 65 | €69,719 | €9,093 | -€60,627 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €328,445 | €6,509 | -€321,936 | -98.0% |
| Income taxes | 67/77 | - | €1,700 | +€1,700 | |
| Profit (loss) for the period | 9904 | €328,445 | €4,809 | -€323,636 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €328,445 | €4,809 | -€323,636 | -98.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.