Immo Verbeek: 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 Verbeek
Largest movements
- Tangible fixed assets +€176,938
up €176,938 (+24.4%), from €725,885 to €902,824
of which Land and buildings: +€164,713
- Cash +€56,321
up €56,321 (+1,428%), from €3,945 to €60,266
mainly Net result for the year (+€83,568) and Debts after one year (+€82,276)
- Receivables within one year -€26,600
down €26,600 (-35.6%), from €74,790 to €48,190
of which Other amounts receivable: -€22,405
- Profit (loss) carried forward +€83,568
up €83,568 (+317%), from €26,393 to €109,961
- Debts after one year +€82,276
up €82,276 (+14.6%), from €563,375 to €645,651
- Trade debts +€28,042
up €28,042 (+2,040%), from €1,375 to €29,417
- Tax, wage and social debts +€26,089
up €26,089 (+490%), from €5,328 to €31,417
- Other debts -€21,681
down €21,681 (-27.0%), from €80,403 to €58,722
- Financial income +€49,134
up €49,134 (+3,916%), from €1,255 to €50,388
of which Non-recurring financial income: +€50,388
- Depreciation -€37,165
down €37,165 (-54.5%), from €68,217 to €31,052
- Taxes +€25,844
up €25,844 (+498%), from €5,187 to €31,031
- Gross operating margin +€23,725
up €23,725 (+23.1%), from €102,795 to €126,519
- Financial charges +€15,640
up €15,640 (+111%), from €14,127 to €29,767
of which Non-recurring financial charges: +€11,100
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 | €805,421 | €1,012,290 | +€206,869 | +25.7% |
| Fixed assets | 21/28 | €725,885 | €902,824 | +€176,938 | +24.4% |
| Tangible fixed assets | 22/27 | €725,885 | €902,824 | +€176,938 | +24.4% |
| Land and buildings | 22 | €725,885 | €890,599 | +€164,713 | +22.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | - | €12,225 | +€12,225 | |
| Current assets | 29/58 | €79,535 | €109,466 | +€29,931 | +37.6% |
| Amounts receivable within one year | 40/41 | €74,790 | €48,190 | -€26,600 | -35.6% |
| Trade receivables | 40 | €38,000 | €33,805 | -€4,195 | -11.0% |
| Other amounts receivable | 41 | €36,790 | €14,385 | -€22,405 | -60.9% |
| Cash at bank and in hand | 54/58 | €3,945 | €60,266 | +€56,321 | +1,428% |
| Deferred charges and accrued income | 490/1 | €800 | €1,011 | +€210 | +26.3% |
| Total equity and liabilities | 10/49 | €805,421 | €1,012,290 | +€206,869 | +25.7% |
| Equity | 10/15 | €137,225 | €220,793 | +€83,568 | +60.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,832 | €105,832 | = | 0.0% |
| Distributable reserves | 133 | €105,832 | €105,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,393 | €109,961 | +€83,568 | +317% |
| Amounts payable | 17/49 | €668,195 | €791,496 | +€123,301 | +18.5% |
| Amounts payable after more than one year | 17 | €563,375 | €645,651 | +€82,276 | +14.6% |
| Financial debts | 170/4 | €563,375 | €645,651 | +€82,276 | +14.6% |
| Amounts payable within one year | 42/48 | €104,820 | €142,846 | +€38,026 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €17,714 | €23,291 | +€5,576 | +31.5% |
| Trade debts | 44 | €1,375 | €29,417 | +€28,042 | +2,040% |
| Suppliers | 440/4 | €1,375 | €29,417 | +€28,042 | +2,040% |
| Taxes, remuneration and social security | 45 | €5,328 | €31,417 | +€26,089 | +490% |
| Taxes | 450/3 | €5,328 | €31,417 | +€26,089 | +490% |
| Other amounts payable | 47/48 | €80,403 | €58,722 | -€21,681 | -27.0% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,217 | €31,052 | -€37,165 | -54.5% |
| Other operating charges | 640/8 | €2,192 | €1,490 | -€702 | -32.0% |
| Gross operating margin | 9900 | €102,795 | €126,519 | +€23,725 | +23.1% |
| Operating profit (loss) | 9901 | €32,386 | €93,978 | +€61,591 | +190% |
| Financial income | 75/76B | €1,255 | €50,388 | +€49,134 | +3,916% |
| Recurring financial income | 75 | €1,255 | €50,388 | +€49,134 | +3,916% |
| Non-recurring financial income | 76B | - | €50,388 | +€50,388 | |
| Financial charges | 65/66B | €14,127 | €29,767 | +€15,640 | +111% |
| Recurring financial charges | 65 | €14,127 | €18,667 | +€4,540 | +32.1% |
| Non-recurring financial charges | 66B | - | €11,100 | +€11,100 | |
| Profit (loss) for the period before taxes | 9903 | €19,514 | €114,599 | +€95,085 | +487% |
| Income taxes | 67/77 | €5,187 | €31,031 | +€25,844 | +498% |
| Profit (loss) for the period | 9904 | €14,327 | €83,568 | +€69,241 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €14,327 | €83,568 | +€69,241 | +483% |
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 25 October 2026 via checked.be.