IMMO VERBIEST: 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 VERBIEST
Largest movements
- Tangible fixed assets -€135,951
down €135,951 (-4.6%), from €2.9m to €2.8m
of which Land and buildings: -€120,551
- Receivables after one year +€73,930
up €73,930 (+472%), from €15,674 to €89,604
- Cash -€48,474
down €48,474 (-46.5%), from €104,275 to €55,801
mainly Other debts (-€1.4m) and Receivables after one year (-€73,930)
- Other debts -€1.4m
down €1.4m (-99.5%), from €1.4m to €6,737
- Debts after one year +€1.3m
up €1.3m (+137%), from €911,772 to €2.2m
of which Financial debts: +€1.3m
- Financial charges -€4,589
down €4,589 (-9.5%), from €48,161 to €43,572
- Gross operating margin +€4,125
up €4,125 (+1.8%), from €234,464 to €238,589
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 | €3,061,107 | €2,967,501 | -€93,606 | -3.1% |
| Fixed assets | 21/28 | €2,928,098 | €2,792,147 | -€135,951 | -4.6% |
| Tangible fixed assets | 22/27 | €2,928,098 | €2,792,147 | -€135,951 | -4.6% |
| Land and buildings | 22 | €2,889,059 | €2,768,509 | -€120,551 | -4.2% |
| Furniture and vehicles | 24 | €39,038 | €23,638 | -€15,400 | -39.4% |
| Current assets | 29/58 | €133,009 | €175,354 | +€42,345 | +31.8% |
| Amounts receivable after more than one year | 29 | €15,674 | €89,604 | +€73,930 | +472% |
| Other amounts receivable | 291 | €15,674 | €89,604 | +€73,930 | +472% |
| Amounts receivable within one year | 40/41 | €5,761 | €22,350 | +€16,589 | +288% |
| Trade receivables | 40 | €5,752 | €22,090 | +€16,338 | +284% |
| Other amounts receivable | 41 | €10 | €260 | +€251 | +2,611% |
| Cash at bank and in hand | 54/58 | €104,275 | €55,801 | -€48,474 | -46.5% |
| Deferred charges and accrued income | 490/1 | €7,298 | €7,598 | +€300 | +4.1% |
| Total equity and liabilities | 10/49 | €3,061,107 | €2,967,501 | -€93,606 | -3.1% |
| Equity | 10/15 | €601,892 | €618,415 | +€16,524 | +2.7% |
| Contributions | 10/11 | €890,000 | €890,000 | = | 0.0% |
| Capital | 10 | €890,000 | €890,000 | = | 0.0% |
| Issued capital | 100 | €890,000 | €890,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,108 | -€306,585 | +€16,524 | +5.1% |
| Amounts payable | 17/49 | €2,459,215 | €2,349,085 | -€110,130 | -4.5% |
| Amounts payable after more than one year | 17 | €911,772 | €2,164,618 | +€1.3m | +137% |
| Financial debts | 170/4 | €909,917 | €2,162,898 | +€1.3m | +138% |
| Other amounts payable | 178/9 | €1,855 | €1,720 | -€135 | -7.3% |
| Amounts payable within one year | 42/48 | €1,533,114 | €173,791 | -€1.4m | -88.7% |
| Current portion of amounts payable after more than one year | 42 | €123,574 | €123,843 | +€269 | +0.2% |
| Trade debts | 44 | €24,037 | €41,342 | +€17,305 | +72.0% |
| Suppliers | 440/4 | €24,037 | €41,342 | +€17,305 | +72.0% |
| Taxes, remuneration and social security | 45 | €1,788 | €1,869 | +€81 | +4.5% |
| Taxes | 450/3 | €1,788 | €1,869 | +€81 | +4.5% |
| Other amounts payable | 47/48 | €1,383,714 | €6,737 | -€1.4m | -99.5% |
| Accrued charges and deferred income | 492/3 | €14,329 | €10,676 | -€3,653 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,684 | €150,123 | +€1,439 | +1.0% |
| Other operating charges | 640/8 | €26,589 | €27,449 | +€859 | +3.2% |
| Gross operating margin | 9900 | €234,464 | €238,589 | +€4,125 | +1.8% |
| Operating profit (loss) | 9901 | €59,190 | €61,017 | +€1,827 | +3.1% |
| Financial income | 75/76B | €206 | €265 | +€60 | +29.1% |
| Recurring financial income | 75 | €206 | €265 | +€60 | +29.1% |
| Financial charges | 65/66B | €48,161 | €43,572 | -€4,589 | -9.5% |
| Recurring financial charges | 65 | €48,161 | €43,572 | -€4,589 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €11,235 | €17,711 | +€6,476 | +57.6% |
| Income taxes | 67/77 | €1,374 | €1,187 | -€187 | -13.6% |
| Profit (loss) for the period | 9904 | €9,861 | €16,524 | +€6,663 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,861 | €16,524 | +€6,663 | +67.6% |
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 30 October 2026 via checked.be.