IMMO VERWULGEM: what changed
IMMO VERWULGEM
Largest movements
- Tangible fixed assets -€204
down €204 (-6.5%), from €3,133 to €2,929
of which Land and buildings: -€185
- Cash +€34
up €34 (+169%), from €20 to €55
mainly Other debts (+€1,000) and Trade debts (+€991)
- Profit (loss) carried forward -€2,161
down €2,161 (-21.0%), from -€10,275 to -€12,435
- Other debts +€1,000
new in 2025: €1,000
- Trade debts +€991
new in 2025: €991
- Financial charges +€900
new in 2025: €900
- Gross operating margin -€882
down €882, from €816 to -€66
- Other operating charges +€606
up €606 (+158%), from €384 to €991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,153 | €2,983 | -€170 | -5.4% |
| Fixed assets | 21/28 | €3,133 | €2,929 | -€204 | -6.5% |
| Tangible fixed assets | 22/27 | €3,133 | €2,929 | -€204 | -6.5% |
| Land and buildings | 22 | €2,889 | €2,705 | -€185 | -6.4% |
| Plant, machinery and equipment | 23 | €243 | €224 | -€20 | -8.0% |
| Current assets | 29/58 | €20 | €55 | +€34 | +169% |
| Cash at bank and in hand | 54/58 | €20 | €55 | +€34 | +169% |
| Total equity and liabilities | 10/49 | €3,153 | €2,983 | -€170 | -5.4% |
| Equity | 10/15 | €925 | -€1,235 | -€2,161 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,275 | -€12,435 | -€2,161 | -21.0% |
| Amounts payable | 17/49 | €2,228 | €4,219 | +€1,991 | +89.4% |
| Amounts payable after more than one year | 17 | €2,228 | €2,228 | = | 0.0% |
| Other amounts payable | 178/9 | €2,228 | €2,228 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €1,991 | +€1,991 | |
| Trade debts | 44 | - | €991 | +€991 | |
| Suppliers | 440/4 | - | €991 | +€991 | |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €204 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €991 | +€606 | +158% |
| Gross operating margin | 9900 | €816 | -€66 | -€882 | |
| Operating profit (loss) | 9901 | €228 | -€1,261 | -€1,488 | |
| Financial charges | 65/66B | - | €900 | +€900 | |
| Recurring financial charges | 65 | - | €900 | +€900 | |
| Profit (loss) for the period before taxes | 9903 | €228 | -€2,161 | -€2,388 | |
| Profit (loss) for the period | 9904 | €228 | -€2,161 | -€2,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €228 | -€2,161 | -€2,388 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.