IMMO VANSCA: 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 VANSCA
Largest movements
- Tangible fixed assets -€295,226
down €295,226 (-6.6%), from €4.5m to €4.2m
of which Land and buildings: -€272,196
- Cash +€191,596
up €191,596 (+58.1%), from €329,575 to €521,170
mainly Net result for the year (+€490,657) and Depreciation (+€295,226)
- Current investments +€175,000
up €175,000 (+21.2%), from €825,000 to €1.0m
- Receivables after one year -€100,000
down €100,000 (-4.8%), from €2.1m to €2.0m
- Profit (loss) carried forward +€588,009
up €588,009 (+11.5%), from €5.1m to €5.7m
- Reserves -€435,352
down €435,352 (-32.0%), from €1.4m to €925,544
of which Distributable reserves: -€338,000
- Debts after one year -€154,841
down €154,841 (-56.0%), from €276,703 to €121,862
- Financial income -€12,272
down €12,272 (-19.6%), from €62,488 to €50,216
- Other operating charges +€11,379
up €11,379 (+7.4%), from €153,283 to €164,662
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 | €7,781,339 | €7,743,829 | -€37,510 | -0.5% |
| Fixed assets | 21/28 | €4,459,299 | €4,164,073 | -€295,226 | -6.6% |
| Tangible fixed assets | 22/27 | €4,459,299 | €4,164,073 | -€295,226 | -6.6% |
| Land and buildings | 22 | €4,376,433 | €4,104,237 | -€272,196 | -6.2% |
| Other tangible fixed assets | 26 | €82,866 | €59,835 | -€23,031 | -27.8% |
| Current assets | 29/58 | €3,322,040 | €3,579,756 | +€257,716 | +7.8% |
| Amounts receivable after more than one year | 29 | €2,100,000 | €2,000,000 | -€100,000 | -4.8% |
| Other amounts receivable | 291 | €2,100,000 | €2,000,000 | -€100,000 | -4.8% |
| Amounts receivable within one year | 40/41 | €4,505 | €6,768 | +€2,263 | +50.2% |
| Other amounts receivable | 41 | €4,505 | €6,768 | +€2,263 | +50.2% |
| Current investments | 50/53 | €825,000 | €1,000,000 | +€175,000 | +21.2% |
| Cash at bank and in hand | 54/58 | €329,575 | €521,170 | +€191,596 | +58.1% |
| Deferred charges and accrued income | 490/1 | €62,960 | €51,818 | -€11,143 | -17.7% |
| Total equity and liabilities | 10/49 | €7,781,339 | €7,743,829 | -€37,510 | -0.5% |
| Equity | 10/15 | €6,547,559 | €6,700,216 | +€152,657 | +2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,360,897 | €925,544 | -€435,352 | -32.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,016,697 | €919,344 | -€97,352 | -9.6% |
| Distributable reserves | 133 | €338,000 | €0 | -€338,000 | -100.0% |
| Profit (loss) carried forward | 14 | €5,124,662 | €5,712,672 | +€588,009 | +11.5% |
| Provisions and deferred taxes | 16 | €344,192 | €311,742 | -€32,451 | -9.4% |
| Deferred taxes | 168 | €344,192 | €311,742 | -€32,451 | -9.4% |
| Amounts payable | 17/49 | €889,588 | €731,871 | -€157,716 | -17.7% |
| Amounts payable after more than one year | 17 | €276,703 | €121,862 | -€154,841 | -56.0% |
| Financial debts | 170/4 | €276,703 | €121,862 | -€154,841 | -56.0% |
| Amounts payable within one year | 42/48 | €541,189 | €526,984 | -€14,206 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €187,443 | €154,841 | -€32,602 | -17.4% |
| Trade debts | 44 | €53,747 | €34,143 | -€19,604 | -36.5% |
| Suppliers | 440/4 | €53,747 | €34,143 | -€19,604 | -36.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €300,000 | €338,000 | +€38,000 | +12.7% |
| Accrued charges and deferred income | 492/3 | €71,695 | €83,025 | +€11,330 | +15.8% |
| Non-recurring operating income | 76A | €58 | €0 | -€58 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,059 | €295,226 | +€2,167 | +0.7% |
| Other operating charges | 640/8 | €153,283 | €164,662 | +€11,379 | +7.4% |
| Gross operating margin | 9900 | €1,071,472 | €1,071,007 | -€465 | 0.0% |
| Operating profit (loss) | 9901 | €625,130 | €611,119 | -€14,011 | -2.2% |
| Financial income | 75/76B | €62,488 | €50,216 | -€12,272 | -19.6% |
| Recurring financial income | 75 | €62,488 | €50,216 | -€12,272 | -19.6% |
| Financial charges | 65/66B | €12,124 | €7,129 | -€4,994 | -41.2% |
| Recurring financial charges | 65 | €12,124 | €7,129 | -€4,994 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €675,495 | €654,206 | -€21,289 | -3.2% |
| Transfer from deferred taxes | 780 | €32,448 | €32,451 | +€2 | 0.0% |
| Income taxes | 67/77 | €201,328 | €195,999 | -€5,329 | -2.6% |
| Profit (loss) for the period | 9904 | €506,615 | €490,657 | -€15,958 | -3.1% |
| Transfer from tax-exempt reserves | 789 | €97,345 | €97,352 | +€7 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €603,960 | €588,009 | -€15,951 | -2.6% |
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 1 October 2026 via checked.be.