IMMO VDMJ: what changed
Two financial 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 VDMJ
Largest movements
- Tangible fixed assets -€19,325
down €19,325 (-6.1%), from €318,280 to €298,955
- Cash +€9,316
up €9,316 (+1,742%), from €535 to €9,850
mainly Depreciation (+€19,325) and Net result for the year (+€7,858)
- Debts after one year -€24,168
down €24,168 (-14.8%), from €163,530 to €139,362
- Reserves +€7,858
up €7,858 (+230%), from €3,414 to €11,272
- Accrued charges and deferred income +€3,320
new in 2025: €3,320
- Financial charges +€3,034
up €3,034 (+186%), from €1,633 to €4,667
- Taxes +€2,625
up €2,625 (+1,113%), from €236 to €2,860
- Gross operating margin -€1,401
down €1,401 (-3.8%), from €36,510 to €35,109
- Depreciation -€1,359
down €1,359 (-6.6%), from €20,684 to €19,325
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.
Derived cash bridge
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 | €318,998 | €308,805 | -€10,192 | -3.2% |
| Fixed assets | 21/28 | €318,280 | €298,955 | -€19,325 | -6.1% |
| Tangible fixed assets | 22/27 | €318,280 | €298,955 | -€19,325 | -6.1% |
| Land and buildings | 22 | €318,280 | €298,955 | -€19,325 | -6.1% |
| Current assets | 29/58 | €718 | €9,850 | +€9,133 | +1,273% |
| Amounts receivable within one year | 40/41 | €183 | €0 | -€183 | -100% |
| Other amounts receivable | 41 | €183 | €0 | -€183 | -100% |
| Cash at bank and in hand | 54/58 | €535 | €9,850 | +€9,316 | +1,742% |
| Total equity and liabilities | 10/49 | €318,998 | €308,805 | -€10,192 | -3.2% |
| Equity | 10/15 | €128,414 | €136,272 | +€7,858 | +6.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €3,414 | €11,272 | +€7,858 | +230% |
| Distributable reserves | 133 | €3,414 | €11,272 | +€7,858 | +230% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €190,584 | €172,534 | -€18,050 | -9.5% |
| Amounts payable after more than one year | 17 | €163,530 | €139,362 | -€24,168 | -14.8% |
| Financial debts | 170/4 | €163,530 | €139,362 | -€24,168 | -14.8% |
| Amounts payable within one year | 42/48 | €27,054 | €29,852 | +€2,798 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €24,168 | €24,168 | = | 0.0% |
| Trade debts | 44 | €64 | €2 | -€62 | -97.2% |
| Suppliers | 440/4 | €64 | €2 | -€62 | -97.2% |
| Taxes, remuneration and social security | 45 | €236 | €3,096 | +€2,860 | +1,213% |
| Taxes | 450/3 | €236 | €3,096 | +€2,860 | +1,213% |
| Other amounts payable | 47/48 | €2,586 | €2,586 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,320 | +€3,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,684 | €19,325 | -€1,359 | -6.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €36,510 | €35,109 | -€1,401 | -3.8% |
| Operating profit (loss) | 9901 | €15,439 | €15,385 | -€55 | -0.4% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €1,633 | €4,667 | +€3,034 | +186% |
| Recurring financial charges | 65 | €1,633 | €4,667 | +€3,034 | +186% |
| Profit (loss) for the period before taxes | 9903 | €13,823 | €10,718 | -€3,105 | -22.5% |
| Income taxes | 67/77 | €236 | €2,860 | +€2,625 | +1,113% |
| Profit (loss) for the period | 9904 | €13,587 | €7,858 | -€5,730 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,587 | €7,858 | -€5,730 | -42.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.