IMMO VDG: 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 VDG
Largest movements
- Tangible fixed assets -€30,308
down €30,308 (-3.4%), from €894,946 to €864,638
- Deferred charges and accrued income +€26,680
new in 2025: €26,680
- Debts after one year -€63,190
down €63,190 (-11.1%), from €570,801 to €507,611
- Other debts +€28,105
up €28,105 (+11.2%), from €251,145 to €279,250
- Profit (loss) carried forward +€24,816
up €24,816, from -€803 to €24,012
- Gross operating margin +€25,958
up €25,958 (+44.4%), from €58,452 to €84,410
- Taxes +€2,430
new in 2025: €2,430
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 | €903,397 | €897,661 | -€5,736 | -0.6% |
| Fixed assets | 21/28 | €894,946 | €864,638 | -€30,308 | -3.4% |
| Tangible fixed assets | 22/27 | €894,946 | €864,638 | -€30,308 | -3.4% |
| Land and buildings | 22 | €894,946 | €864,638 | -€30,308 | -3.4% |
| Current assets | 29/58 | €8,451 | €33,023 | +€24,572 | +290.7% |
| Cash at bank and in hand | 54/58 | €8,451 | €6,343 | -€2,108 | -24.9% |
| Deferred charges and accrued income | 490/1 | - | €26,680 | +€26,680 | |
| Total equity and liabilities | 10/49 | €903,397 | €897,661 | -€5,736 | -0.6% |
| Equity | 10/15 | €7,257 | €32,072 | +€24,816 | +342.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€803 | €24,012 | +€24,816 | |
| Amounts payable | 17/49 | €896,140 | €865,589 | -€30,551 | -3.4% |
| Amounts payable after more than one year | 17 | €570,801 | €507,611 | -€63,190 | -11.1% |
| Financial debts | 170/4 | €570,801 | €507,611 | -€63,190 | -11.1% |
| Amounts payable within one year | 42/48 | €313,134 | €344,871 | +€31,736 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €61,920 | €63,190 | +€1,271 | +2.1% |
| Trade debts | 44 | €70 | €0 | -€70 | -100.0% |
| Suppliers | 440/4 | €70 | €0 | -€70 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €2,430 | +€2,430 | |
| Taxes | 450/3 | - | €2,430 | +€2,430 | |
| Other amounts payable | 47/48 | €251,145 | €279,250 | +€28,105 | +11.2% |
| Accrued charges and deferred income | 492/3 | €12,205 | €13,108 | +€903 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,308 | €30,308 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,888 | €5,162 | +€274 | +5.6% |
| Gross operating margin | 9900 | €58,452 | €84,410 | +€25,958 | +44.4% |
| Operating profit (loss) | 9901 | €23,256 | €48,940 | +€25,684 | +110.4% |
| Financial charges | 65/66B | €22,048 | €21,694 | -€354 | -1.6% |
| Recurring financial charges | 65 | €22,048 | €21,694 | -€354 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,209 | €27,246 | +€26,038 | +2154.5% |
| Income taxes | 67/77 | - | €2,430 | +€2,430 | |
| Profit (loss) for the period | 9904 | €1,209 | €24,816 | +€23,607 | +1953.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,209 | €24,816 | +€23,607 | +1953.4% |
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 7 October 2026 via checked.be.