IMMO VEKO: 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 VEKO
Largest movements
- Cash +€24,576
up €24,576 (+20.2%), from €121,646 to €146,222
mainly Net result for the year (+€14,662) and Depreciation (+€7,747)
- Tangible fixed assets -€7,747
down €7,747 (-7.9%), from €98,662 to €90,915
of which Land and buildings: -€4,749
- Reserves +€14,662
up €14,662 (+7.3%), from €199,951 to €214,613
- Gross operating margin +€5,566
up €5,566 (+20.5%), from €27,096 to €32,662
- Taxes +€1,519
up €1,519 (+42.7%), from €3,562 to €5,082
- Depreciation -€380
down €380 (-4.7%), from €8,128 to €7,747
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 | €221,787 | €238,658 | +€16,871 | +7.6% |
| Fixed assets | 21/28 | €98,662 | €90,915 | -€7,747 | -7.9% |
| Tangible fixed assets | 22/27 | €98,662 | €90,915 | -€7,747 | -7.9% |
| Land and buildings | 22 | €91,176 | €86,427 | -€4,749 | -5.2% |
| Plant, machinery and equipment | 23 | €7,486 | €4,488 | -€2,999 | -40.1% |
| Current assets | 29/58 | €123,125 | €147,743 | +€24,618 | +20.0% |
| Cash at bank and in hand | 54/58 | €121,646 | €146,222 | +€24,576 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,522 | +€42 | +2.9% |
| Total equity and liabilities | 10/49 | €221,787 | €238,658 | +€16,871 | +7.6% |
| Equity | 10/15 | €218,551 | €233,213 | +€14,662 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,951 | €214,613 | +€14,662 | +7.3% |
| Distributable reserves | 133 | €199,951 | €214,613 | +€14,662 | +7.3% |
| Amounts payable | 17/49 | €3,236 | €5,444 | +€2,208 | +68.2% |
| Amounts payable within one year | 42/48 | €3,236 | €4,824 | +€1,588 | +49.1% |
| Taxes, remuneration and social security | 45 | €62 | €1,644 | +€1,582 | +2542.1% |
| Taxes | 450/3 | €62 | €1,644 | +€1,582 | +2542.1% |
| Other amounts payable | 47/48 | €3,174 | €3,181 | +€7 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,128 | €7,747 | -€380 | -4.7% |
| Other operating charges | 640/8 | €4,777 | €4,968 | +€191 | +4.0% |
| Gross operating margin | 9900 | €27,096 | €32,662 | +€5,566 | +20.5% |
| Operating profit (loss) | 9901 | €14,191 | €19,946 | +€5,755 | +40.6% |
| Financial charges | 65/66B | €186 | €202 | +€16 | +8.6% |
| Recurring financial charges | 65 | €186 | €202 | +€16 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €14,005 | €19,744 | +€5,739 | +41.0% |
| Income taxes | 67/77 | €3,562 | €5,082 | +€1,519 | +42.7% |
| Profit (loss) for the period | 9904 | €10,443 | €14,662 | +€4,219 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,443 | €14,662 | +€4,219 | +40.4% |
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 7 October 2026 via checked.be.