Immo VERBIST: 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 VERBIST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€51,105
up €51,105 (+19.7%), from €259,734 to €310,839
- Debts after one year -€29,682
down €29,682 (-28.3%), from €104,816 to €75,133
- Reserves -€23,316
down €23,316 (-4.7%), from €500,341 to €477,026
of which Tax-exempt reserves: -€12,035
- Advances received +€12,493
up €12,493 (+120.8%), from €10,339 to €22,832
- Gross operating margin -€15,500
down €15,500 (-28.0%), from €55,432 to €39,932
- Other operating charges +€4,487
up €4,487 (+127.0%), from €3,533 to €8,020
- Financial charges -€4,064
down €4,064 (-20.3%), from €20,062 to €15,998
- Depreciation +€1,004
up €1,004 (+2.4%), from €41,404 to €42,408
- Taxes -€832
down €832 (-100.0%), from €832 to €0
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 | €1,107,834 | €1,123,985 | +€16,151 | +1.5% |
| Fixed assets | 21/28 | €1,086,018 | €1,096,439 | +€10,421 | +1.0% |
| Tangible fixed assets | 22/27 | €1,086,018 | €1,096,439 | +€10,421 | +1.0% |
| Land and buildings | 22 | €1,051,466 | €1,064,794 | +€13,328 | +1.3% |
| Plant, machinery and equipment | 23 | €206 | - | -€206 | |
| Furniture and vehicles | 24 | €34,346 | €31,645 | -€2,701 | -7.9% |
| Current assets | 29/58 | €21,816 | €27,546 | +€5,730 | +26.3% |
| Amounts receivable within one year | 40/41 | €2,400 | - | -€2,400 | |
| Trade receivables | 40 | €865 | - | -€865 | |
| Other amounts receivable | 41 | €1,535 | - | -€1,535 | |
| Cash at bank and in hand | 54/58 | €15,903 | €23,542 | +€7,639 | +48.0% |
| Deferred charges and accrued income | 490/1 | €3,513 | €4,004 | +€491 | +14.0% |
| Total equity and liabilities | 10/49 | €1,107,834 | €1,123,985 | +€16,151 | +1.5% |
| Equity | 10/15 | €512,984 | €489,668 | -€23,316 | -4.5% |
| Contributions | 10/11 | €12,643 | €12,643 | = | 0.0% |
| Reserves | 13 | €500,341 | €477,026 | -€23,316 | -4.7% |
| Tax-exempt reserves | 132 | €279,375 | €267,341 | -€12,035 | -4.3% |
| Distributable reserves | 133 | €220,966 | €209,685 | -€11,281 | -5.1% |
| Provisions and deferred taxes | 16 | €175,692 | €171,681 | -€4,012 | -2.3% |
| Provisions for liabilities and charges | 160/5 | €82,567 | €82,567 | = | 0.0% |
| Pensions and similar obligations | 160 | €82,567 | €82,567 | = | 0.0% |
| Deferred taxes | 168 | €93,125 | €89,114 | -€4,012 | -4.3% |
| Amounts payable | 17/49 | €419,158 | €462,636 | +€43,478 | +10.4% |
| Amounts payable after more than one year | 17 | €104,816 | €75,133 | -€29,682 | -28.3% |
| Financial debts | 170/4 | €104,816 | €75,133 | -€29,682 | -28.3% |
| Amounts payable within one year | 42/48 | €311,879 | €387,503 | +€75,624 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €28,858 | €29,682 | +€825 | +2.9% |
| Trade debts | 44 | €385 | €9,867 | +€9,482 | +2464.4% |
| Suppliers | 440/4 | €385 | €9,867 | +€9,482 | +2464.4% |
| Advances received on contracts in progress | 46 | €10,339 | €22,832 | +€12,493 | +120.8% |
| Taxes, remuneration and social security | 45 | €12,563 | €14,283 | +€1,720 | +13.7% |
| Taxes | 450/3 | €12,563 | €14,283 | +€1,720 | +13.7% |
| Other amounts payable | 47/48 | €259,734 | €310,839 | +€51,105 | +19.7% |
| Accrued charges and deferred income | 492/3 | €2,464 | - | -€2,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,404 | €42,408 | +€1,004 | +2.4% |
| Other operating charges | 640/8 | €3,533 | €8,020 | +€4,487 | +127.0% |
| Gross operating margin | 9900 | €55,432 | €39,932 | -€15,500 | -28.0% |
| Operating profit (loss) | 9901 | €10,495 | -€10,496 | -€20,991 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -54.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -54.5% |
| Financial charges | 65/66B | €20,062 | €15,998 | -€4,064 | -20.3% |
| Recurring financial charges | 65 | €20,062 | €15,998 | -€4,064 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,566 | -€26,494 | -€16,928 | -177.0% |
| Transfer from deferred taxes | 780 | €3,148 | €4,012 | +€864 | +27.4% |
| Income taxes | 67/77 | €832 | €0 | -€832 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,250 | -€22,483 | -€15,232 | -210.1% |
| Transfer from tax-exempt reserves | 789 | €9,443 | €12,035 | +€2,592 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | -€10,448 | -€12,641 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.