IMMO VERING: 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 VERING
Largest movements
- Receivables within one year +€353,489
up €353,489 (+1366.6%), from €25,867 to €379,355
of which Other amounts receivable: +€261,329
- Tangible fixed assets -€217,174
down €217,174 (-48.5%), from €447,990 to €230,817
of which Land and buildings: -€216,200
- Stocks and contracts -€32,948
down €32,948 (-5.6%), from €588,363 to €555,415
- Deferred charges and accrued income +€13,692
up €13,692 (+3215.6%), from €426 to €14,118
- Debts after one year +€200,525
up €200,525 (+55.8%), from €359,475 to €560,000
- Reserves +€100,815
up €100,815 (+54.8%), from €183,943 to €284,758
of which Distributable reserves: +€100,815
- Trade debts -€76,636
down €76,636 (-96.0%), from €79,831 to €3,194
- Tax, wage and social debts -€50,719
down €50,719 (-48.3%), from €105,000 to €54,281
- Profit (loss) carried forward -€30,000
down €30,000 (-46.7%), from €64,242 to €34,242
- Taxes -€87,530
down €87,530 (-64.4%), from €135,851 to €48,321
- Depreciation -€14,701
down €14,701 (-43.3%), from €33,937 to €19,236
- Gross operating margin +€12,162
up €12,162 (+5.6%), from €217,236 to €229,398
- Provisions +€8,700
new in 2025: €8,700
- Financial charges -€7,560
down €7,560 (-22.7%), from €33,268 to €25,707
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 | €1,190,030 | €1,318,264 | +€128,234 | +10.8% |
| Fixed assets | 21/28 | €447,990 | €230,817 | -€217,174 | -48.5% |
| Tangible fixed assets | 22/27 | €447,990 | €230,817 | -€217,174 | -48.5% |
| Land and buildings | 22 | €445,703 | €229,503 | -€216,200 | -48.5% |
| Plant, machinery and equipment | 23 | €536 | €0 | -€536 | -100.0% |
| Furniture and vehicles | 24 | €1,751 | €1,314 | -€438 | -25.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €742,039 | €1,087,447 | +€345,408 | +46.5% |
| Stocks and contracts in progress | 3 | €588,363 | €555,415 | -€32,948 | -5.6% |
| Stocks | 30/36 | €588,363 | €555,415 | -€32,948 | -5.6% |
| Amounts receivable within one year | 40/41 | €25,867 | €379,355 | +€353,489 | +1366.6% |
| Trade receivables | 40 | €0 | €92,160 | +€92,160 | |
| Other amounts receivable | 41 | €25,867 | €287,195 | +€261,329 | +1010.3% |
| Cash at bank and in hand | 54/58 | €127,384 | €138,559 | +€11,175 | +8.8% |
| Deferred charges and accrued income | 490/1 | €426 | €14,118 | +€13,692 | +3215.6% |
| Total equity and liabilities | 10/49 | €1,190,030 | €1,318,264 | +€128,234 | +10.8% |
| Equity | 10/15 | €583,337 | €654,152 | +€70,815 | +12.1% |
| Contributions | 10/11 | €335,152 | €335,152 | = | 0.0% |
| Capital | 10 | €335,152 | €335,152 | = | 0.0% |
| Issued capital | 100 | €335,152 | €335,152 | = | 0.0% |
| Outside capital | 11 | - | €0 | = | |
| Reserves | 13 | €183,943 | €284,758 | +€100,815 | +54.8% |
| Non-distributable reserves | 130/1 | €33,515 | €33,515 | = | 0.0% |
| Legal reserve | 130 | €33,515 | €33,515 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €150,428 | €251,243 | +€100,815 | +67.0% |
| Profit (loss) carried forward | 14 | €64,242 | €34,242 | -€30,000 | -46.7% |
| Provisions and deferred taxes | 16 | €0 | €8,700 | +€8,700 | |
| Provisions for liabilities and charges | 160/5 | - | €8,700 | +€8,700 | |
| Other liabilities and charges | 164/5 | - | €8,700 | +€8,700 | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €606,693 | €655,412 | +€48,719 | +8.0% |
| Amounts payable after more than one year | 17 | €359,475 | €560,000 | +€200,525 | +55.8% |
| Financial debts | 170/4 | €359,475 | €560,000 | +€200,525 | +55.8% |
| Amounts payable within one year | 42/48 | €247,218 | €94,604 | -€152,614 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €18,782 | €0 | -€18,782 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €79,831 | €3,194 | -€76,636 | -96.0% |
| Suppliers | 440/4 | €79,831 | €3,194 | -€76,636 | -96.0% |
| Taxes, remuneration and social security | 45 | €105,000 | €54,281 | -€50,719 | -48.3% |
| Taxes | 450/3 | €105,000 | €54,281 | -€50,719 | -48.3% |
| Other amounts payable | 47/48 | €43,605 | €37,129 | -€6,476 | -14.9% |
| Accrued charges and deferred income | 492/3 | - | €808 | +€808 | |
| Non-recurring operating income | 76A | €20,598 | €26,740 | +€6,142 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,937 | €19,236 | -€14,701 | -43.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €8,700 | +€8,700 | |
| Other operating charges | 640/8 | €11,109 | €15,818 | +€4,709 | +42.4% |
| Non-recurring operating charges | 66A | - | €10,824 | +€10,824 | |
| Gross operating margin | 9900 | €217,236 | €229,398 | +€12,162 | +5.6% |
| Operating profit (loss) | 9901 | €172,190 | €174,820 | +€2,630 | +1.5% |
| Financial income | 75/76B | €313 | €451 | +€138 | +44.3% |
| Recurring financial income | 75 | €313 | €451 | +€138 | +44.3% |
| Financial charges | 65/66B | €33,268 | €25,707 | -€7,560 | -22.7% |
| Recurring financial charges | 65 | €33,268 | €25,707 | -€7,560 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €139,235 | €149,564 | +€10,329 | +7.4% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €135,851 | €48,321 | -€87,530 | -64.4% |
| Profit (loss) for the period | 9904 | €3,384 | €101,243 | +€97,859 | +2891.4% |
| Transfer from tax-exempt reserves | 789 | €242,147 | - | -€242,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €245,532 | €101,243 | -€144,289 | -58.8% |
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 3 October 2026 via checked.be.