IMMO VERTU: 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 VERTU
Largest movements
- Stocks and contracts -€768,482
down €768,482 (-41.2%), from €1.9m to €1.1m
- Short-term financial debts -€789,208
down €789,208 (-53.7%), from €1.5m to €681,649
- Other debts +€83,033
up €83,033 (+5220.3%), from €1,591 to €84,623
- Tax, wage and social debts -€29,202
no longer reported in 2024 (was €29,202)
- Profit (loss) carried forward -€24,766
new in 2024: -€24,766
- Financial charges +€18,246
up €18,246 (+198.1%), from €9,211 to €27,458
- Gross operating margin -€8,865
down €8,865 (-73.7%), from €12,022 to €3,157
- Taxes -€702
no longer reported in 2024 (was €702)
- Depreciation +€314
up €314 (+886.4%), from €35 to €350
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,940,155 | €1,175,967 | -€764,188 | -39.4% |
| Fixed assets | 21/28 | €1,014 | €664 | -€350 | -34.5% |
| Tangible fixed assets | 22/27 | €1,014 | €664 | -€350 | -34.5% |
| Furniture and vehicles | 24 | €1,014 | €664 | -€350 | -34.5% |
| Current assets | 29/58 | €1,939,141 | €1,175,303 | -€763,839 | -39.4% |
| Stocks and contracts in progress | 3 | €1,864,137 | €1,095,655 | -€768,482 | -41.2% |
| Stocks | 30/36 | €1,864,137 | €1,095,655 | -€768,482 | -41.2% |
| Amounts receivable within one year | 40/41 | €68,872 | €68,872 | = | 0.0% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | €28,872 | €28,872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,132 | €10,775 | +€4,643 | +75.7% |
| Total equity and liabilities | 10/49 | €1,940,155 | €1,175,967 | -€764,188 | -39.4% |
| Equity | 10/15 | €433,680 | €408,914 | -€24,766 | -5.7% |
| Contributions | 10/11 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Reserves | 13 | €413,680 | €411,680 | -€2,000 | -0.5% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €411,680 | €411,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,766 | -€24,766 | |
| Amounts payable | 17/49 | €1,506,475 | €767,053 | -€739,422 | -49.1% |
| Amounts payable within one year | 42/48 | €1,506,475 | €767,053 | -€739,422 | -49.1% |
| Financial debts | 43 | €1,470,857 | €681,649 | -€789,208 | -53.7% |
| Credit institutions | 430/8 | €1,470,857 | €681,649 | -€789,208 | -53.7% |
| Trade debts | 44 | €4,825 | €780 | -€4,045 | -83.8% |
| Suppliers | 440/4 | €4,825 | €780 | -€4,045 | -83.8% |
| Taxes, remuneration and social security | 45 | €29,202 | - | -€29,202 | |
| Taxes | 450/3 | €29,202 | - | -€29,202 | |
| Other amounts payable | 47/48 | €1,591 | €84,623 | +€83,033 | +5220.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €350 | +€314 | +886.4% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | €12,022 | €3,157 | -€8,865 | -73.7% |
| Operating profit (loss) | 9901 | €11,878 | €2,690 | -€9,188 | -77.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €9,211 | €27,458 | +€18,246 | +198.1% |
| Recurring financial charges | 65 | €9,211 | €27,458 | +€18,246 | +198.1% |
| Profit (loss) for the period before taxes | 9903 | €2,666 | -€24,766 | -€27,432 | |
| Income taxes | 67/77 | €702 | - | -€702 | |
| Profit (loss) for the period | 9904 | €1,964 | -€24,766 | -€26,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,964 | -€24,766 | -€26,730 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.