IMMO VERSTRAETEN: 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 VERSTRAETEN
Largest movements
- Tangible fixed assets -€6,107
down €6,107 (-2.5%), from €248,676 to €242,569
of which Land and buildings: -€5,540
- Debts after one year -€15,155
down €15,155 (-34.9%), from €43,468 to €28,313
- Other debts +€7,328
up €7,328 (+5.4%), from €136,804 to €144,132
- Tax, wage and social debts -€3,776
down €3,776 (-33.4%), from €11,306 to €7,530
- Short-term financial debts +€3,658
up €3,658 (+12.1%), from €30,190 to €33,847
- Profit (loss) carried forward +€2,644
up €2,644 (+5.3%), from -€50,120 to -€47,475
- Gross operating margin -€7,554
down €7,554 (-18.5%), from €40,920 to €33,365
- Other operating charges +€1,281
up €1,281 (+18.8%), from €6,827 to €8,108
- Financial charges -€1,139
down €1,139 (-7.1%), from €16,135 to €14,996
- Depreciation -€518
down €518 (-6.4%), from €8,152 to €7,634
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 | €251,544 | €245,490 | -€6,054 | -2.4% |
| Fixed assets | 21/28 | €248,676 | €242,569 | -€6,107 | -2.5% |
| Tangible fixed assets | 22/27 | €248,676 | €242,569 | -€6,107 | -2.5% |
| Land and buildings | 22 | €244,347 | €238,808 | -€5,540 | -2.3% |
| Plant, machinery and equipment | 23 | €1,910 | €1,605 | -€304 | -15.9% |
| Furniture and vehicles | 24 | €2,419 | €2,157 | -€262 | -10.8% |
| Current assets | 29/58 | €2,868 | €2,921 | +€53 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,009 | €560 | -€449 | -44.5% |
| Trade receivables | 40 | €1,009 | €560 | -€449 | -44.5% |
| Cash at bank and in hand | 54/58 | €234 | €376 | +€143 | +61.0% |
| Deferred charges and accrued income | 490/1 | €1,626 | €1,984 | +€359 | +22.1% |
| Total equity and liabilities | 10/49 | €251,544 | €245,490 | -€6,054 | -2.4% |
| Equity | 10/15 | €11,713 | €14,358 | +€2,644 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,233 | €43,233 | = | 0.0% |
| 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 | €41,373 | €41,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,120 | -€47,475 | +€2,644 | +5.3% |
| Amounts payable | 17/49 | €239,831 | €231,133 | -€8,698 | -3.6% |
| Amounts payable after more than one year | 17 | €43,468 | €28,313 | -€15,155 | -34.9% |
| Financial debts | 170/4 | €43,468 | €28,313 | -€15,155 | -34.9% |
| Amounts payable within one year | 42/48 | €194,997 | €201,418 | +€6,420 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €14,262 | €15,155 | +€893 | +6.3% |
| Financial debts | 43 | €30,190 | €33,847 | +€3,658 | +12.1% |
| Credit institutions | 430/8 | €30,190 | €33,847 | +€3,658 | +12.1% |
| Trade debts | 44 | €2,436 | €754 | -€1,682 | -69.1% |
| Suppliers | 440/4 | €2,436 | €754 | -€1,682 | -69.1% |
| Taxes, remuneration and social security | 45 | €11,306 | €7,530 | -€3,776 | -33.4% |
| Taxes | 450/3 | €11,306 | €7,530 | -€3,776 | -33.4% |
| Other amounts payable | 47/48 | €136,804 | €144,132 | +€7,328 | +5.4% |
| Accrued charges and deferred income | 492/3 | €1,366 | €1,402 | +€36 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,152 | €7,634 | -€518 | -6.4% |
| Other operating charges | 640/8 | €6,827 | €8,108 | +€1,281 | +18.8% |
| Gross operating margin | 9900 | €40,920 | €33,365 | -€7,554 | -18.5% |
| Operating profit (loss) | 9901 | €25,940 | €17,623 | -€8,317 | -32.1% |
| Financial income | 75/76B | €2 | €17 | +€15 | +757% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +757% |
| Financial charges | 65/66B | €16,135 | €14,996 | -€1,139 | -7.1% |
| Recurring financial charges | 65 | €16,135 | €14,996 | -€1,139 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €9,807 | €2,644 | -€7,163 | -73.0% |
| Profit (loss) for the period | 9904 | €9,807 | €2,644 | -€7,163 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,807 | €2,644 | -€7,163 | -73.0% |
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.