IMMO - VARO: 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 - VARO
Largest movements
- Tangible fixed assets -€12,030
down €12,030 (-7.9%), from €153,171 to €141,141
- Cash +€10,385
up €10,385 (+1956.7%), from €531 to €10,916
mainly Net result for the year (+€16,172) and Depreciation (+€12,030)
- Profit (loss) carried forward +€16,172
up €16,172 (+7.5%), from €216,706 to €232,878
- Debts after one year -€15,425
down €15,425 (-49.7%), from €31,068 to €15,643
- Financial income +€3,644
new in 2024: €3,644
- Taxes +€574
up €574 (+12.8%), from €4,500 to €5,075
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,818 | €307,435 | +€617 | +0.2% |
| Fixed assets | 21/28 | €161,903 | €152,770 | -€9,133 | -5.6% |
| Tangible fixed assets | 22/27 | €153,171 | €141,141 | -€12,030 | -7.9% |
| Land and buildings | 22 | €153,171 | €141,141 | -€12,030 | -7.9% |
| Financial fixed assets | 28 | €8,732 | €11,629 | +€2,897 | +33.2% |
| Current assets | 29/58 | €144,915 | €154,664 | +€9,750 | +6.7% |
| Amounts receivable within one year | 40/41 | €773 | €2,071 | +€1,298 | +167.9% |
| Other amounts receivable | 41 | €773 | €2,071 | +€1,298 | +167.9% |
| Current investments | 50/53 | €143,611 | €141,678 | -€1,933 | -1.3% |
| Cash at bank and in hand | 54/58 | €531 | €10,916 | +€10,385 | +1956.7% |
| Total equity and liabilities | 10/49 | €306,818 | €307,435 | +€617 | +0.2% |
| Equity | 10/15 | €237,166 | €253,338 | +€16,172 | +6.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | - | €20,460 | +€20,460 | |
| Profit (loss) carried forward | 14 | €216,706 | €232,878 | +€16,172 | +7.5% |
| Amounts payable | 17/49 | €69,652 | €54,097 | -€15,555 | -22.3% |
| Amounts payable after more than one year | 17 | €31,068 | €15,643 | -€15,425 | -49.7% |
| Financial debts | 170/4 | €31,068 | €15,643 | -€15,425 | -49.7% |
| Amounts payable within one year | 42/48 | €38,524 | €38,454 | -€70 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €15,210 | €15,425 | +€216 | +1.4% |
| Trade debts | 44 | €621 | €392 | -€229 | -36.9% |
| Suppliers | 440/4 | €621 | €392 | -€229 | -36.9% |
| Taxes, remuneration and social security | 45 | €4,900 | €4,881 | -€19 | -0.4% |
| Taxes | 450/3 | €4,900 | €4,881 | -€19 | -0.4% |
| Other amounts payable | 47/48 | €17,793 | €17,755 | -€38 | -0.2% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,286 | €12,030 | -€256 | -2.1% |
| Other operating charges | 640/8 | €5,225 | €5,436 | +€212 | +4.1% |
| Gross operating margin | 9900 | €36,026 | €35,908 | -€118 | -0.3% |
| Operating profit (loss) | 9901 | €18,516 | €18,442 | -€74 | -0.4% |
| Financial income | 75/76B | - | €3,644 | +€3,644 | |
| Recurring financial income | 75 | - | €3,644 | +€3,644 | |
| Financial charges | 65/66B | €1,042 | €839 | -€202 | -19.4% |
| Recurring financial charges | 65 | €1,042 | €839 | -€202 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €17,474 | €21,247 | +€3,773 | +21.6% |
| Income taxes | 67/77 | €4,500 | €5,075 | +€574 | +12.8% |
| Profit (loss) for the period | 9904 | €12,974 | €16,172 | +€3,199 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,974 | €16,172 | +€3,199 | +24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.