IMMO VERVLOET: 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 VERVLOET
Largest movements
- Deferred charges and accrued income +€500,484
up €500,484 (+13,663%), from €3,663 to €504,147
- Tangible fixed assets -€93,049
down €93,049 (-91.1%), from €102,144 to €9,095
of which Land and buildings: -€92,058
- Cash -€7,934
down €7,934 (-32.5%), from €24,420 to €16,486
mainly Deferred charges and accrued income (-€500,484) and Receivables within one year (-€2,710)
- Profit (loss) carried forward +€151,852
up €151,852 (+82.8%), from -€183,365 to -€31,513
- Reserves +€116,391
up €116,391 (+115%), from €100,888 to €217,279
- Other debts +€75,330
up €75,330 (+64.0%), from €117,659 to €192,990
- Tax, wage and social debts +€56,933
up €56,933 (+415%), from €13,707 to €70,639
of which Taxes: +€67,954
- Gross operating margin +€317,446
up €317,446 (+415%), from €76,467 to €393,913
- Taxes +€63,142
up €63,142 (+16,334%), from €387 to €63,529
- Staff costs -€25,780
down €25,780 (-33.0%), from €78,220 to €52,441
- Depreciation -€11,389
down €11,389 (-75.9%), from €14,997 to €3,609
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 | €142,057 | €544,268 | +€402,211 | +283% |
| Fixed assets | 21/28 | €103,044 | €9,995 | -€93,049 | -90.3% |
| Tangible fixed assets | 22/27 | €102,144 | €9,095 | -€93,049 | -91.1% |
| Land and buildings | 22 | €92,058 | €0 | -€92,058 | -100% |
| Plant, machinery and equipment | 23 | €4,630 | €4,036 | -€594 | -12.8% |
| Furniture and vehicles | 24 | €5,457 | €5,060 | -€397 | -7.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €39,013 | €534,273 | +€495,260 | +1,269% |
| Amounts receivable within one year | 40/41 | €10,930 | €13,641 | +€2,710 | +24.8% |
| Trade receivables | 40 | €6,106 | €13,641 | +€7,534 | +123% |
| Other amounts receivable | 41 | €4,824 | €0 | -€4,824 | -100% |
| Cash at bank and in hand | 54/58 | €24,420 | €16,486 | -€7,934 | -32.5% |
| Deferred charges and accrued income | 490/1 | €3,663 | €504,147 | +€500,484 | +13,663% |
| Total equity and liabilities | 10/49 | €142,057 | €544,268 | +€402,211 | +283% |
| Equity | 10/15 | €5,523 | €273,766 | +€268,243 | +4,857% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €100,888 | €217,279 | +€116,391 | +115% |
| Distributable reserves | 133 | €100,888 | €217,279 | +€116,391 | +115% |
| Profit (loss) carried forward | 14 | -€183,365 | -€31,513 | +€151,852 | +82.8% |
| Amounts payable | 17/49 | €136,534 | €270,502 | +€133,968 | +98.1% |
| Amounts payable within one year | 42/48 | €134,267 | €270,502 | +€136,235 | +101% |
| Trade debts | 44 | €2,901 | €6,873 | +€3,972 | +137% |
| Suppliers | 440/4 | €2,901 | €6,873 | +€3,972 | +137% |
| Taxes, remuneration and social security | 45 | €13,707 | €70,639 | +€56,933 | +415% |
| Taxes | 450/3 | €0 | €67,954 | +€67,954 | |
| Remuneration and social security | 454/9 | €13,707 | €2,685 | -€11,022 | -80.4% |
| Other amounts payable | 47/48 | €117,659 | €192,990 | +€75,330 | +64.0% |
| Accrued charges and deferred income | 492/3 | €2,267 | €0 | -€2,267 | -100% |
| Non-recurring operating income | 76A | - | €404,030 | +€404,030 | |
| Remuneration, social security and pensions | 62 | €78,220 | €52,441 | -€25,780 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,997 | €3,609 | -€11,389 | -75.9% |
| Other operating charges | 640/8 | €7,714 | €4,061 | -€3,652 | -47.4% |
| Non-recurring operating charges | 66A | €8,094 | €1,531 | -€6,563 | -81.1% |
| Gross operating margin | 9900 | €76,467 | €393,913 | +€317,446 | +415% |
| Operating profit (loss) | 9901 | -€32,559 | €332,271 | +€364,830 | |
| Financial income | 75/76B | €176 | €0 | -€175 | -99.9% |
| Recurring financial income | 75 | €176 | €0 | -€175 | -99.9% |
| Financial charges | 65/66B | €515 | €500 | -€15 | -2.9% |
| Recurring financial charges | 65 | €515 | €500 | -€15 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,898 | €331,772 | +€364,670 | |
| Income taxes | 67/77 | €387 | €63,529 | +€63,142 | +16,334% |
| Profit (loss) for the period | 9904 | -€33,285 | €268,243 | +€301,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,285 | €268,243 | +€301,528 |
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 21 October 2026 via checked.be.