IMMO VDBRUX: 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 VDBRUX
Largest movements
- Cash -€23,524
down €23,524 (-26.1%), from €89,987 to €66,463
mainly Net result for the year (-€41,526) and Current portion of long-term debt (-€5,640)
- Tangible fixed assets -€22,131
down €22,131 (-5.0%), from €439,349 to €417,218
- Profit (loss) carried forward -€41,526
down €41,526, from €31,181 to -€10,346
- Current portion of long-term debt -€5,640
down €5,640 (-100.0%), from €5,640 to €0
- Gross operating margin -€37,302
down €37,302, from €23,107 to -€14,195
- Purchases and services +€26,702
up €26,702 (+144.5%), from €18,483 to €45,185
- Turnover -€10,600
down €10,600 (-25.5%), from €41,590 to €30,990
- Taxes -€7,825
down €7,825 (-99.3%), from €7,878 to €53
- Depreciation +€6,741
up €6,741 (+43.8%), from €15,390 to €22,131
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 | €533,249 | €487,594 | -€45,655 | -8.6% |
| Fixed assets | 21/28 | €443,262 | €421,131 | -€22,131 | -5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €439,349 | €417,218 | -€22,131 | -5.0% |
| Land and buildings | 22 | €439,349 | €417,218 | -€22,131 | -5.0% |
| Financial fixed assets | 28 | €3,913 | €3,913 | = | 0.0% |
| Current assets | 29/58 | €89,987 | €66,463 | -€23,524 | -26.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €89,987 | €66,463 | -€23,524 | -26.1% |
| Total equity and liabilities | 10/49 | €533,249 | €487,594 | -€45,655 | -8.6% |
| Equity | 10/15 | €51,289 | €9,762 | -€41,526 | -81.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,516 | €1,516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,516 | €1,516 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,516 | €1,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,181 | -€10,346 | -€41,526 | |
| Provisions and deferred taxes | 16 | €676 | €676 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €676 | €676 | = | 0.0% |
| Other liabilities and charges | 164/5 | €676 | €676 | = | 0.0% |
| Amounts payable | 17/49 | €481,284 | €477,156 | -€4,129 | -0.9% |
| Amounts payable after more than one year | 17 | €475,000 | €475,000 | = | 0.0% |
| Financial debts | 170/4 | €475,000 | €475,000 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €6,284 | €2,156 | -€4,129 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €5,640 | €0 | -€5,640 | -100.0% |
| Trade debts | 44 | €644 | €2,156 | +€1,511 | +234.5% |
| Suppliers | 440/4 | €644 | €2,156 | +€1,511 | +234.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Turnover | 70 | €41,590 | €30,990 | -€10,600 | -25.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,483 | €45,185 | +€26,702 | +144.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,390 | €22,131 | +€6,741 | +43.8% |
| Other operating charges | 640/8 | €3,607 | €5,521 | +€1,914 | +53.1% |
| Gross operating margin | 9900 | €23,107 | -€14,195 | -€37,302 | |
| Operating profit (loss) | 9901 | €4,110 | -€41,848 | -€45,958 | |
| Financial income | 75/76B | €293 | €571 | +€278 | +94.8% |
| Recurring financial income | 75 | €293 | €571 | +€278 | +94.8% |
| Financial charges | 65/66B | €97 | €197 | +€100 | +103.6% |
| Recurring financial charges | 65 | €97 | €197 | +€100 | +103.6% |
| Profit (loss) for the period before taxes | 9903 | €4,307 | -€41,473 | -€45,780 | |
| Income taxes | 67/77 | €7,878 | €53 | -€7,825 | -99.3% |
| Profit (loss) for the period | 9904 | -€3,571 | -€41,526 | -€37,955 | -1062.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,571 | -€41,526 | -€37,955 | -1062.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.