IMMO VDS: 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 VDS
Largest movements
- Tangible fixed assets -€30,571
down €30,571 (-2.6%), from €1.2m to €1.2m
- Other debts -€42,032
down €42,032 (-36.1%), from €116,400 to €74,368
- Gross operating margin -€2,989
down €2,989 (-5.0%), from €59,262 to €56,273
- Financial charges -€2,904
down €2,904 (-20.9%), from €13,926 to €11,022
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 | €1,191,587 | €1,162,010 | -€29,577 | -2.5% |
| Fixed assets | 21/28 | €1,186,616 | €1,156,046 | -€30,571 | -2.6% |
| Tangible fixed assets | 22/27 | €1,186,616 | €1,156,046 | -€30,571 | -2.6% |
| Land and buildings | 22 | €1,186,616 | €1,156,046 | -€30,571 | -2.6% |
| Current assets | 29/58 | €4,971 | €5,964 | +€993 | +20.0% |
| Amounts receivable within one year | 40/41 | €250 | €250 | = | 0.0% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,065 | €4,560 | +€495 | +12.2% |
| Deferred charges and accrued income | 490/1 | €656 | €1,154 | +€498 | +75.9% |
| Total equity and liabilities | 10/49 | €1,191,587 | €1,162,010 | -€29,577 | -2.5% |
| Equity | 10/15 | -€138,772 | -€130,018 | +€8,754 | +6.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,772 | -€150,018 | +€8,754 | +5.5% |
| Amounts payable | 17/49 | €1,330,359 | €1,292,028 | -€38,332 | -2.9% |
| Amounts payable after more than one year | 17 | €1,145,950 | €1,147,247 | +€1,297 | +0.1% |
| Financial debts | 170/4 | €413,480 | €344,777 | -€68,703 | -16.6% |
| Other amounts payable | 178/9 | €732,470 | €802,470 | +€70,000 | +9.6% |
| Amounts payable within one year | 42/48 | €184,409 | €144,781 | -€39,629 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €66,763 | €68,703 | +€1,940 | +2.9% |
| Trade debts | 44 | €1,247 | €1,709 | +€463 | +37.1% |
| Suppliers | 440/4 | €1,247 | €1,709 | +€463 | +37.1% |
| Other amounts payable | 47/48 | €116,400 | €74,368 | -€42,032 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,914 | €30,870 | -€44 | -0.1% |
| Other operating charges | 640/8 | €5,470 | €5,627 | +€157 | +2.9% |
| Gross operating margin | 9900 | €59,262 | €56,273 | -€2,989 | -5.0% |
| Operating profit (loss) | 9901 | €22,878 | €19,776 | -€3,102 | -13.6% |
| Financial charges | 65/66B | €13,926 | €11,022 | -€2,904 | -20.9% |
| Recurring financial charges | 65 | €13,926 | €11,022 | -€2,904 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €8,952 | €8,754 | -€198 | -2.2% |
| Profit (loss) for the period | 9904 | €8,952 | €8,754 | -€198 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,952 | €8,754 | -€198 | -2.2% |
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 6 October 2026 via checked.be.