IMMO VERLINDE: 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 VERLINDE
Largest movements
- Cash +€41,667
up €41,667 (+39.1%), from €106,570 to €148,237
mainly Depreciation (+€50,598) and Net result for the year (+€5,521)
- Tangible fixed assets -€33,175
down €33,175 (-4.3%), from €770,478 to €737,303
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€11,816
down €11,816 (-18.9%), from €62,413 to €50,598
- Gross operating margin +€6,392
up €6,392 (+10.3%), from €62,200 to €68,591
- Taxes +€4,878
up €4,878 (+912.1%), from €535 to €5,412
- Other operating charges +€852
up €852 (+9.2%), from €9,287 to €10,139
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 | €878,817 | €888,017 | +€9,199 | +1.0% |
| Fixed assets | 21/28 | €770,478 | €737,303 | -€33,175 | -4.3% |
| Tangible fixed assets | 22/27 | €770,478 | €737,303 | -€33,175 | -4.3% |
| Land and buildings | 22 | €770,478 | €737,303 | -€33,175 | -4.3% |
| Current assets | 29/58 | €108,340 | €150,714 | +€42,374 | +39.1% |
| Amounts receivable within one year | 40/41 | €307 | €0 | -€307 | -100.0% |
| Other amounts receivable | 41 | €307 | €0 | -€307 | -100.0% |
| Cash at bank and in hand | 54/58 | €106,570 | €148,237 | +€41,667 | +39.1% |
| Deferred charges and accrued income | 490/1 | €1,463 | €2,477 | +€1,015 | +69.4% |
| Total equity and liabilities | 10/49 | €878,817 | €888,017 | +€9,199 | +1.0% |
| Equity | 10/15 | €800,725 | €806,246 | +€5,521 | +0.7% |
| Contributions | 10/11 | €372,100 | €372,100 | = | 0.0% |
| Capital | 10 | €372,100 | €372,100 | = | 0.0% |
| Issued capital | 100 | €372,100 | €372,100 | = | 0.0% |
| Reserves | 13 | €428,625 | €434,146 | +€5,521 | +1.3% |
| Non-distributable reserves | 130/1 | €13,579 | €14,323 | +€744 | +5.5% |
| Legal reserve | 130 | €13,579 | €14,323 | +€744 | +5.5% |
| Tax-exempt reserves | 132 | €239,884 | €230,517 | -€9,368 | -3.9% |
| Distributable reserves | 133 | €175,162 | €189,306 | +€14,144 | +8.1% |
| Provisions and deferred taxes | 16 | €77,348 | €74,226 | -€3,123 | -4.0% |
| Deferred taxes | 168 | €77,348 | €74,226 | -€3,123 | -4.0% |
| Amounts payable | 17/49 | €744 | €7,545 | +€6,800 | +913.5% |
| Amounts payable within one year | 42/48 | €705 | €7,540 | +€6,835 | +968.9% |
| Trade debts | 44 | €359 | €2,209 | +€1,849 | +514.4% |
| Suppliers | 440/4 | €359 | €2,209 | +€1,849 | +514.4% |
| Taxes, remuneration and social security | 45 | €346 | €5,332 | +€4,986 | +1441.1% |
| Taxes | 450/3 | €346 | €5,332 | +€4,986 | +1441.1% |
| Accrued charges and deferred income | 492/3 | €39 | €5 | -€34 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,413 | €50,598 | -€11,816 | -18.9% |
| Other operating charges | 640/8 | €9,287 | €10,139 | +€852 | +9.2% |
| Gross operating margin | 9900 | €62,200 | €68,591 | +€6,392 | +10.3% |
| Operating profit (loss) | 9901 | -€9,500 | €7,855 | +€17,355 | |
| Financial income | 75/76B | €629 | €269 | -€360 | -57.3% |
| Recurring financial income | 75 | €629 | €269 | -€360 | -57.3% |
| Financial charges | 65/66B | €461 | €313 | -€149 | -32.2% |
| Recurring financial charges | 65 | €461 | €313 | -€149 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,332 | €7,811 | +€17,143 | |
| Transfer from deferred taxes | 780 | €3,123 | €3,123 | = | 0.0% |
| Income taxes | 67/77 | €535 | €5,412 | +€4,878 | +912.1% |
| Profit (loss) for the period | 9904 | -€6,744 | €5,521 | +€12,265 | |
| Transfer from tax-exempt reserves | 789 | €9,368 | €9,368 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,623 | €14,889 | +€12,265 | +467.6% |
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 11 October 2026 via checked.be.