IMMO VETRABO: 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 VETRABO
Largest movements
- Receivables within one year +€725,137
up €725,137 (+107%), from €678,165 to €1.4m
- Stocks and contracts -€97,067
down €97,067 (-12.3%), from €792,382 to €695,315
- Deferred charges and accrued income +€44,156
up €44,156 (+219%), from €20,137 to €64,293
- Financial fixed assets -€25,899
down €25,899 (-100%), from €25,899 to €0
- Short-term financial debts +€610,000
up €610,000 (+235%), from €260,000 to €870,000
- Gross operating margin -€63,428
down €63,428 (-81.2%), from €78,084 to €14,656
- Financial income +€44,029
up €44,029 (+217%), from €20,265 to €64,293
- Taxes -€4,297
down €4,297 (-25.6%), from €16,788 to €12,491
- Financial charges -€2,042
down €2,042 (-6.0%), from €33,901 to €31,859
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 | €1,525,369 | €2,169,568 | +€644,200 | +42.2% |
| Fixed assets | 21/28 | €25,899 | €0 | -€25,899 | -100% |
| Financial fixed assets | 28 | €25,899 | €0 | -€25,899 | -100% |
| Current assets | 29/58 | €1,499,470 | €2,169,568 | +€670,099 | +44.7% |
| Stocks and contracts in progress | 3 | €792,382 | €695,315 | -€97,067 | -12.3% |
| Stocks | 30/36 | €792,382 | €695,315 | -€97,067 | -12.3% |
| Amounts receivable within one year | 40/41 | €678,165 | €1,403,302 | +€725,137 | +107% |
| Other amounts receivable | 41 | €678,165 | €1,403,302 | +€725,137 | +107% |
| Cash at bank and in hand | 54/58 | €8,786 | €6,658 | -€2,128 | -24.2% |
| Deferred charges and accrued income | 490/1 | €20,137 | €64,293 | +€44,156 | +219% |
| Total equity and liabilities | 10/49 | €1,525,369 | €2,169,568 | +€644,200 | +42.2% |
| Equity | 10/15 | €748,747 | €782,095 | +€33,348 | +4.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €686,150 | €706,150 | +€20,000 | +2.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €680,000 | €700,000 | +€20,000 | +2.9% |
| Profit (loss) carried forward | 14 | €1,097 | €14,445 | +€13,348 | +1,217% |
| Amounts payable | 17/49 | €776,622 | €1,387,473 | +€610,851 | +78.7% |
| Amounts payable within one year | 42/48 | €756,202 | €1,368,561 | +€612,359 | +81.0% |
| Financial debts | 43 | €260,000 | €870,000 | +€610,000 | +235% |
| Credit institutions | 430/8 | €260,000 | €870,000 | +€610,000 | +235% |
| Taxes, remuneration and social security | 45 | €16,788 | €12,491 | -€4,297 | -25.6% |
| Taxes | 450/3 | €16,788 | €12,491 | -€4,297 | -25.6% |
| Other amounts payable | 47/48 | €479,413 | €486,070 | +€6,656 | +1.4% |
| Accrued charges and deferred income | 492/3 | €20,420 | €18,912 | -€1,508 | -7.4% |
| Other operating charges | 640/8 | €1,540 | €1,251 | -€290 | -18.8% |
| Gross operating margin | 9900 | €78,084 | €14,656 | -€63,428 | -81.2% |
| Operating profit (loss) | 9901 | €76,543 | €13,405 | -€63,138 | -82.5% |
| Financial income | 75/76B | €20,265 | €64,293 | +€44,029 | +217% |
| Recurring financial income | 75 | €20,265 | €64,293 | +€44,029 | +217% |
| Financial charges | 65/66B | €33,901 | €31,859 | -€2,042 | -6.0% |
| Recurring financial charges | 65 | €33,901 | €31,859 | -€2,042 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €62,907 | €45,840 | -€17,067 | -27.1% |
| Income taxes | 67/77 | €16,788 | €12,491 | -€4,297 | -25.6% |
| Profit (loss) for the period | 9904 | €46,119 | €33,348 | -€12,771 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,119 | €33,348 | -€12,771 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.