IMMO VERBOVEN: what changed
IMMO VERBOVEN
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+11,532%), from €14,463 to €1.7m
of which Other amounts receivable: +€1.7m
- Tangible fixed assets -€124,187
down €124,187 (-11.9%), from €1.0m to €920,247
of which Furniture and vehicles: -€90,836
- Cash +€38,034
up €38,034 (+47.2%), from €80,612 to €118,646
mainly Short-term financial debts (+€1.5m) and Investment in fixed assets (net) (+€90,836)
- Short-term financial debts +€1.5m
new in 2025: €1.5m
- Reserves +€41,151
up €41,151 (+13.5%), from €304,682 to €345,832
of which Distributable reserves: +€41,151
- Staff costs -€68,713
down €68,713 (-68.1%), from €100,860 to €32,147
- Gross operating margin -€65,606
down €65,606 (-28.9%), from €227,060 to €161,455
- Financial charges +€44,020
up €44,020 (+259%), from €16,971 to €60,991
- Financial income +€38,688
up €38,688 (+1,650%), from €2,345 to €41,033
- Other operating charges +€19,488
up €19,488 (+1,795%), from €1,086 to €20,574
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,510 | €2,721,285 | +€1.6m | +139% |
| Fixed assets | 21/28 | €1,044,435 | €920,247 | -€124,187 | -11.9% |
| Tangible fixed assets | 22/27 | €1,044,435 | €920,247 | -€124,187 | -11.9% |
| Land and buildings | 22 | €953,599 | €920,247 | -€33,352 | -3.5% |
| Furniture and vehicles | 24 | €90,836 | - | -€90,836 | |
| Current assets | 29/58 | €95,075 | €1,801,037 | +€1.7m | +1,794% |
| Amounts receivable within one year | 40/41 | €14,463 | €1,682,391 | +€1.7m | +11,532% |
| Trade receivables | 40 | €1,020 | €16,573 | +€15,554 | +1,525% |
| Other amounts receivable | 41 | €13,443 | €1,665,818 | +€1.7m | +12,292% |
| Cash at bank and in hand | 54/58 | €80,612 | €118,646 | +€38,034 | +47.2% |
| Total equity and liabilities | 10/49 | €1,139,510 | €2,721,285 | +€1.6m | +139% |
| Equity | 10/15 | €533,252 | €574,403 | +€41,151 | +7.7% |
| Contributions | 10/11 | €228,570 | €228,570 | = | 0.0% |
| Reserves | 13 | €304,682 | €345,832 | +€41,151 | +13.5% |
| Tax-exempt reserves | 132 | €196,098 | €196,098 | = | 0.0% |
| Distributable reserves | 133 | €108,583 | €149,734 | +€41,151 | +37.9% |
| Amounts payable | 17/49 | €606,258 | €2,146,882 | +€1.5m | +254% |
| Amounts payable within one year | 42/48 | €606,258 | €2,139,774 | +€1.5m | +253% |
| Financial debts | 43 | - | €1,520,002 | +€1.5m | |
| Credit institutions | 430/8 | - | €1,520,002 | +€1.5m | |
| Trade debts | 44 | €7,757 | €18,679 | +€10,922 | +141% |
| Suppliers | 440/4 | €7,757 | €18,679 | +€10,922 | +141% |
| Taxes, remuneration and social security | 45 | €15,175 | €4,774 | -€10,402 | -68.5% |
| Taxes | 450/3 | €4,188 | €4,774 | +€586 | +14.0% |
| Remuneration and social security | 454/9 | €10,988 | - | -€10,988 | |
| Other amounts payable | 47/48 | €583,325 | €596,319 | +€12,994 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €7,108 | +€7,108 | |
| Remuneration, social security and pensions | 62 | €100,860 | €32,147 | -€68,713 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,735 | €33,352 | -€19,383 | -36.8% |
| Other operating charges | 640/8 | €1,086 | €20,574 | +€19,488 | +1,795% |
| Gross operating margin | 9900 | €227,060 | €161,455 | -€65,606 | -28.9% |
| Operating profit (loss) | 9901 | €72,380 | €75,382 | +€3,001 | +4.1% |
| Financial income | 75/76B | €2,345 | €41,033 | +€38,688 | +1,650% |
| Recurring financial income | 75 | €2,345 | €41,033 | +€38,688 | +1,650% |
| Financial charges | 65/66B | €16,971 | €60,991 | +€44,020 | +259% |
| Recurring financial charges | 65 | €16,971 | €60,991 | +€44,020 | +259% |
| Profit (loss) for the period before taxes | 9903 | €57,754 | €55,425 | -€2,330 | -4.0% |
| Transfer from deferred taxes | 780 | €782 | - | -€782 | |
| Income taxes | 67/77 | €15,421 | €14,274 | -€1,148 | -7.4% |
| Profit (loss) for the period | 9904 | €43,115 | €41,151 | -€1,964 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,115 | €41,151 | -€1,964 | -4.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.