IMMO VERSLEGERS: 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 VERSLEGERS
Largest movements
- Cash +€261,618
up €261,618 (+104%), from €251,815 to €513,432
mainly Net result for the year (+€214,711) and Tax, wage and social debts (+€59,038)
- Receivables within one year +€45,730
up €45,730 (+83.7%), from €54,640 to €100,370
of which Trade receivables: +€57,781
- Tangible fixed assets +€8,939
up €8,939 (+23.0%), from €38,844 to €47,783
of which Other tangible fixed assets: +€9,532
- Reserves +€214,711
up €214,711 (+67.3%), from €319,051 to €533,762
of which Distributable reserves: +€214,711
- Tax, wage and social debts +€59,038
up €59,038 (+225%), from €26,216 to €85,254
of which Taxes: +€57,164
- Short-term financial debts +€43,298
new in 2025: €43,298
- Profit (loss) carried forward -€10,000
down €10,000 (-88.1%), from €11,353 to €1,353
- Trade debts +€7,860
up €7,860 (+123%), from €6,409 to €14,270
- Gross operating margin +€234,518
up €234,518 (+119%), from €197,629 to €432,147
- Taxes +€62,716
up €62,716 (+175%), from €35,767 to €98,482
- Staff costs +€30,864
up €30,864 (+44.3%), from €69,728 to €100,592
- Other operating charges +€4,688
up €4,688 (+162%), from €2,885 to €7,573
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 | €369,230 | €685,478 | +€316,248 | +85.7% |
| Fixed assets | 21/28 | €41,469 | €50,408 | +€8,939 | +21.6% |
| Tangible fixed assets | 22/27 | €38,844 | €47,783 | +€8,939 | +23.0% |
| Plant, machinery and equipment | 23 | €9,398 | €10,995 | +€1,597 | +17.0% |
| Furniture and vehicles | 24 | €8,968 | €6,778 | -€2,190 | -24.4% |
| Other tangible fixed assets | 26 | €20,478 | €30,009 | +€9,532 | +46.5% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €327,761 | €635,070 | +€307,310 | +93.8% |
| Amounts receivable after more than one year | 29 | €18,716 | €16,824 | -€1,892 | -10.1% |
| Other amounts receivable | 291 | €18,716 | €16,824 | -€1,892 | -10.1% |
| Amounts receivable within one year | 40/41 | €54,640 | €100,370 | +€45,730 | +83.7% |
| Trade receivables | 40 | €11,092 | €68,873 | +€57,781 | +521% |
| Other amounts receivable | 41 | €43,548 | €31,497 | -€12,051 | -27.7% |
| Cash at bank and in hand | 54/58 | €251,815 | €513,432 | +€261,618 | +104% |
| Deferred charges and accrued income | 490/1 | €2,590 | €4,444 | +€1,854 | +71.6% |
| Total equity and liabilities | 10/49 | €369,230 | €685,478 | +€316,248 | +85.7% |
| Equity | 10/15 | €336,604 | €541,315 | +€204,711 | +60.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €319,051 | €533,762 | +€214,711 | +67.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €317,191 | €531,902 | +€214,711 | +67.7% |
| Profit (loss) carried forward | 14 | €11,353 | €1,353 | -€10,000 | -88.1% |
| Amounts payable | 17/49 | €32,625 | €144,163 | +€111,537 | +342% |
| Amounts payable within one year | 42/48 | €32,625 | €142,822 | +€110,197 | +338% |
| Financial debts | 43 | - | €43,298 | +€43,298 | |
| Other loans | 439 | - | €43,298 | +€43,298 | |
| Trade debts | 44 | €6,409 | €14,270 | +€7,860 | +123% |
| Suppliers | 440/4 | €6,409 | €14,270 | +€7,860 | +123% |
| Taxes, remuneration and social security | 45 | €26,216 | €85,254 | +€59,038 | +225% |
| Taxes | 450/3 | €14,970 | €72,134 | +€57,164 | +382% |
| Remuneration and social security | 454/9 | €11,246 | €13,120 | +€1,874 | +16.7% |
| Accrued charges and deferred income | 492/3 | - | €1,340 | +€1,340 | |
| Remuneration, social security and pensions | 62 | €69,728 | €100,592 | +€30,864 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,631 | €11,967 | +€1,335 | +12.6% |
| Other operating charges | 640/8 | €2,885 | €7,573 | +€4,688 | +162% |
| Gross operating margin | 9900 | €197,629 | €432,147 | +€234,518 | +119% |
| Operating profit (loss) | 9901 | €114,385 | €312,016 | +€197,631 | +173% |
| Financial income | 75/76B | €3,853 | €1,680 | -€2,173 | -56.4% |
| Recurring financial income | 75 | €3,853 | €1,680 | -€2,173 | -56.4% |
| Financial charges | 65/66B | €160 | €503 | +€342 | +214% |
| Recurring financial charges | 65 | €160 | €503 | +€342 | +214% |
| Profit (loss) for the period before taxes | 9903 | €118,078 | €313,193 | +€195,115 | +165% |
| Income taxes | 67/77 | €35,767 | €98,482 | +€62,716 | +175% |
| Profit (loss) for the period | 9904 | €82,312 | €214,711 | +€132,399 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €82,312 | €214,711 | +€132,399 | +161% |
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 26 October 2026 via checked.be.