Immo VDV: 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 VDV
Largest movements
- Receivables within one year -€2,075
down €2,075 (-47.3%), from €4,390 to €2,315
of which Trade receivables: -€3,872
- Cash +€1,930
up €1,930 (+27.6%), from €6,998 to €8,928
mainly Other debts (+€16,011) and Net result for the year (+€14,964)
- Other debts +€16,011
up €16,011 (+1571.4%), from €1,019 to €17,030
- Debts after one year -€9,785
down €9,785 (-7.7%), from €127,233 to €117,448
- Reserves -€5,036
down €5,036 (-20.0%), from €25,134 to €20,098
- Tax, wage and social debts -€3,627
down €3,627 (-81.7%), from €4,440 to €813
- Gross operating margin +€19,476
up €19,476 (+148.9%), from €13,081 to €32,557
- Taxes +€5,512
up €5,512 (+611.2%), from €902 to €6,414
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 | €187,882 | €185,854 | -€2,028 | -1.1% |
| Fixed assets | 21/28 | €175,761 | €174,351 | -€1,410 | -0.8% |
| Tangible fixed assets | 22/27 | €174,861 | €173,451 | -€1,410 | -0.8% |
| Land and buildings | 22 | €174,734 | €169,134 | -€5,600 | -3.2% |
| Plant, machinery and equipment | 23 | €127 | - | -€127 | |
| Furniture and vehicles | 24 | - | €4,316 | +€4,316 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €12,121 | €11,503 | -€618 | -5.1% |
| Amounts receivable within one year | 40/41 | €4,390 | €2,315 | -€2,075 | -47.3% |
| Trade receivables | 40 | €3,872 | - | -€3,872 | |
| Other amounts receivable | 41 | €518 | €2,315 | +€1,797 | +346.7% |
| Cash at bank and in hand | 54/58 | €6,998 | €8,928 | +€1,930 | +27.6% |
| Deferred charges and accrued income | 490/1 | €733 | €260 | -€473 | -64.6% |
| Total equity and liabilities | 10/49 | €187,882 | €185,854 | -€2,028 | -1.1% |
| Equity | 10/15 | €43,734 | €38,698 | -€5,036 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,134 | €20,098 | -€5,036 | -20.0% |
| Distributable reserves | 133 | €25,134 | €20,098 | -€5,036 | -20.0% |
| Amounts payable | 17/49 | €144,148 | €147,156 | +€3,008 | +2.1% |
| Amounts payable after more than one year | 17 | €127,233 | €117,448 | -€9,785 | -7.7% |
| Financial debts | 170/4 | €127,233 | €117,448 | -€9,785 | -7.7% |
| Amounts payable within one year | 42/48 | €16,915 | €29,708 | +€12,793 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €9,535 | €9,785 | +€250 | +2.6% |
| Trade debts | 44 | €1,922 | €2,080 | +€158 | +8.2% |
| Suppliers | 440/4 | €1,922 | €2,080 | +€158 | +8.2% |
| Taxes, remuneration and social security | 45 | €4,440 | €813 | -€3,627 | -81.7% |
| Taxes | 450/3 | €4,440 | €813 | -€3,627 | -81.7% |
| Other amounts payable | 47/48 | €1,019 | €17,030 | +€16,011 | +1571.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,118 | €5,956 | -€162 | -2.6% |
| Other operating charges | 640/8 | €1,249 | €1,087 | -€162 | -13.0% |
| Gross operating margin | 9900 | €13,081 | €32,557 | +€19,476 | +148.9% |
| Operating profit (loss) | 9901 | €5,714 | €25,514 | +€19,799 | +346.5% |
| Financial income | 75/76B | €1 | €23 | +€22 | +1973.0% |
| Recurring financial income | 75 | €1 | €23 | +€22 | +1973.0% |
| Financial charges | 65/66B | €4,216 | €4,158 | -€57 | -1.4% |
| Recurring financial charges | 65 | €4,216 | €4,158 | -€57 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €1,500 | €21,378 | +€19,879 | +1325.4% |
| Income taxes | 67/77 | €902 | €6,414 | +€5,512 | +611.2% |
| Profit (loss) for the period | 9904 | €598 | €14,964 | +€14,366 | +2402.8% |
| Profit (loss) for the period to be appropriated | 9905 | €598 | €14,964 | +€14,366 | +2402.8% |
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.