IMMO VDK: 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 VDK
Largest movements
- Tangible fixed assets -€19,697
down €19,697 (-3.4%), from €573,870 to €554,173
- Reserves +€237,872
up €237,872 (+538.2%), from €44,200 to €282,072
of which Distributable reserves: +€237,872
- Profit (loss) carried forward -€196,485
no longer reported in 2025 (was €196,485)
- Debts after one year -€72,573
no longer reported in 2025 (was €72,573)
- Other debts +€10,124
up €10,124 (+8.0%), from €126,915 to €137,039
- Gross operating margin +€2,586
up €2,586 (+2.4%), from €109,630 to €112,216
- Financial charges -€2,062
down €2,062 (-17.6%), from €11,715 to €9,653
- Other operating charges +€1,274
up €1,274 (+6.1%), from €20,891 to €22,165
- Taxes +€1,182
up €1,182 (+6.5%), from €18,132 to €19,314
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 | €583,545 | €564,130 | -€19,415 | -3.3% |
| Fixed assets | 21/28 | €573,870 | €554,173 | -€19,697 | -3.4% |
| Tangible fixed assets | 22/27 | €573,870 | €554,173 | -€19,697 | -3.4% |
| Land and buildings | 22 | €573,870 | €554,173 | -€19,697 | -3.4% |
| Current assets | 29/58 | €9,674 | €9,956 | +€282 | +2.9% |
| Cash at bank and in hand | 54/58 | €9,674 | €9,956 | +€282 | +2.9% |
| Total equity and liabilities | 10/49 | €583,545 | €564,130 | -€19,415 | -3.3% |
| Equity | 10/15 | €302,685 | €344,072 | +€41,387 | +13.7% |
| 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 | €44,200 | €282,072 | +€237,872 | +538.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €275,872 | +€237,872 | +626.0% |
| Profit (loss) carried forward | 14 | €196,485 | - | -€196,485 | |
| Amounts payable | 17/49 | €280,860 | €220,058 | -€60,802 | -21.6% |
| Amounts payable after more than one year | 17 | €72,573 | - | -€72,573 | |
| Financial debts | 170/4 | €72,573 | - | -€72,573 | |
| Amounts payable within one year | 42/48 | €207,243 | €220,058 | +€12,815 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €75,696 | €72,573 | -€3,123 | -4.1% |
| Taxes, remuneration and social security | 45 | €4,632 | €10,446 | +€5,814 | +125.5% |
| Taxes | 450/3 | €4,632 | €10,446 | +€5,814 | +125.5% |
| Other amounts payable | 47/48 | €126,915 | €137,039 | +€10,124 | +8.0% |
| Accrued charges and deferred income | 492/3 | €1,044 | - | -€1,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,697 | €19,697 | = | 0.0% |
| Other operating charges | 640/8 | €20,891 | €22,165 | +€1,274 | +6.1% |
| Gross operating margin | 9900 | €109,630 | €112,216 | +€2,586 | +2.4% |
| Operating profit (loss) | 9901 | €69,042 | €70,354 | +€1,311 | +1.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,715 | €9,653 | -€2,062 | -17.6% |
| Recurring financial charges | 65 | €11,715 | €9,653 | -€2,062 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €57,328 | €60,701 | +€3,373 | +5.9% |
| Income taxes | 67/77 | €18,132 | €19,314 | +€1,182 | +6.5% |
| Profit (loss) for the period | 9904 | €39,196 | €41,387 | +€2,191 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,196 | €41,387 | +€2,191 | +5.6% |
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.