IMMO VEHA: 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.
What changed
IMMO VEHA
NACE 13.910, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,445
2024 · -€38,714-€16,731
Equity
€1.9m
2024 · €1.9m-€55,445
Cash
€48,794
2024 · €46,753+€2,041
Balance sheet total
€2.4m
2024 · €2.5m-€7,316
Largest movements
Assets
- Tangible fixed assets -€43,937
down €43,937 (-3.8%), from €1.1m to €1.1m
of which Other tangible fixed assets: -€43,937
Equity and liabilities
- Reserves -€55,445
down €55,445 (-7.1%), from €778,421 to €722,977
of which Distributable reserves: -€51,576
Income statement
- Staff costs +€10,553
up €10,553 (+12.0%), from €87,831 to €98,384
- Gross operating margin -€7,804
down €7,804 (-5.0%), from €157,457 to €149,654
- Depreciation -€4,862
down €4,862 (-10.0%), from €48,799 to €43,937
- Financial charges +€4,555
up €4,555 (+15.5%), from €29,419 to €33,974
- Financial income +€2,539
up €2,539 (+103%), from €2,457 to €4,996
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.
Result 2024
-€38,714
Gross operating margin
-€7,804
Staff costs
-€10,553
Depreciation
+€4,862
Other operating charges
-€1,214
Financial income
+€2,539
Financial charges
-€4,555
Taxes
-€6
Result 2025
-€55,445
raises the resultlowers the result
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.
From operations
+€2,041
Investment
€0
Financing
€0
Cash 2024
€46,753
From operations (derived)
+€2,041
Net result for the year
-€55,445
Depreciation
+€43,937
Receivables within one year
-€22,932
Deferred charges and accrued income
-€11,648
Provisions
-€967
Trade debts
+€18,612
Tax, wage and social debts
+€18,714
Other debts
+€19,150
Accrued charges and deferred income
-€7,379
Cash 2025
€48,794
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,456,481 | €2,449,166 | -€7,316 | -0.3% |
| Fixed assets | 21/28 | €1,152,847 | €1,108,910 | -€43,937 | -3.8% |
| Tangible fixed assets | 22/27 | €1,146,335 | €1,102,398 | -€43,937 | -3.8% |
| Land and buildings | 22 | €625,484 | €625,484 | = | 0.0% |
| Other tangible fixed assets | 26 | €520,850 | €476,913 | -€43,937 | -8.4% |
| Financial fixed assets | 28 | €6,513 | €6,513 | = | 0.0% |
| Current assets | 29/58 | €1,303,634 | €1,340,256 | +€36,622 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,198,838 | €1,221,770 | +€22,932 | +1.9% |
| Trade receivables | 40 | €1,788 | €354 | -€1,435 | -80.2% |
| Other amounts receivable | 41 | €1,197,050 | €1,221,417 | +€24,367 | +2.0% |
| Current investments | 50/53 | €50,758 | €50,758 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,753 | €48,794 | +€2,041 | +4.4% |
| Deferred charges and accrued income | 490/1 | €7,286 | €18,934 | +€11,648 | +160% |
| Total equity and liabilities | 10/49 | €2,456,481 | €2,449,166 | -€7,316 | -0.3% |
| Equity | 10/15 | €1,941,042 | €1,885,597 | -€55,445 | -2.9% |
| Contributions | 10/11 | €1,162,621 | €1,162,621 | = | 0.0% |
| Capital | 10 | €1,162,621 | €1,162,621 | = | 0.0% |
| Issued capital | 100 | €1,162,621 | €1,162,621 | = | 0.0% |
| Reserves | 13 | €778,421 | €722,977 | -€55,445 | -7.1% |
| Non-distributable reserves | 130/1 | €116,262 | €116,262 | = | 0.0% |
| Legal reserve | 130 | €116,262 | €116,262 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,078 | €112,210 | -€3,869 | -3.3% |
| Distributable reserves | 133 | €546,081 | €494,505 | -€51,576 | -9.4% |
| Provisions and deferred taxes | 16 | €29,020 | €28,052 | -€967 | -3.3% |
| Deferred taxes | 168 | €29,020 | €28,052 | -€967 | -3.3% |
| Amounts payable | 17/49 | €486,420 | €535,516 | +€49,096 | +10.1% |
| Amounts payable within one year | 42/48 | €436,218 | €492,694 | +€56,476 | +12.9% |
| Trade debts | 44 | €8,845 | €27,457 | +€18,612 | +210% |
| Suppliers | 440/4 | €8,845 | €27,457 | +€18,612 | +210% |
| Taxes, remuneration and social security | 45 | €9,508 | €28,223 | +€18,714 | +197% |
| Taxes | 450/3 | €191 | €3,282 | +€3,092 | +1,623% |
| Remuneration and social security | 454/9 | €9,318 | €24,940 | +€15,622 | +168% |
| Other amounts payable | 47/48 | €417,864 | €437,014 | +€19,150 | +4.6% |
| Accrued charges and deferred income | 492/3 | €50,201 | €42,822 | -€7,379 | -14.7% |
| Remuneration, social security and pensions | 62 | €87,831 | €98,384 | +€10,553 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,799 | €43,937 | -€4,862 | -10.0% |
| Other operating charges | 640/8 | €33,424 | €34,638 | +€1,214 | +3.6% |
| Gross operating margin | 9900 | €157,457 | €149,654 | -€7,804 | -5.0% |
| Operating profit (loss) | 9901 | -€12,597 | -€27,305 | -€14,709 | -117% |
| Financial income | 75/76B | €2,457 | €4,996 | +€2,539 | +103% |
| Recurring financial income | 75 | €2,457 | €4,996 | +€2,539 | +103% |
| Financial charges | 65/66B | €29,419 | €33,974 | +€4,555 | +15.5% |
| Recurring financial charges | 65 | €29,419 | €33,974 | +€4,555 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€39,558 | -€56,283 | -€16,725 | -42.3% |
| Transfer from deferred taxes | 780 | €967 | €967 | = | 0.0% |
| Income taxes | 67/77 | €123 | €129 | +€6 | +5.0% |
| Profit (loss) for the period | 9904 | -€38,714 | -€55,445 | -€16,731 | -43.2% |
| Transfer from tax-exempt reserves | 789 | €3,869 | €3,869 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,846 | -€51,576 | -€16,731 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.