Immo - Vets: 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 - Vets
Largest movements
- Cash -€75,761
down €75,761 (-61.3%), from €123,603 to €47,842
mainly Debts after one year (-€111,501) and Investment in fixed assets (net) (-€74,018)
- Tangible fixed assets +€43,815
up €43,815 (+28.7%), from €152,857 to €196,672
of which Land and buildings: +€33,673
- Receivables within one year -€11,699
down €11,699 (-27.9%), from €42,003 to €30,304
of which Trade receivables: -€11,699
- Stocks and contracts +€9,948
new in 2025: €9,948
- Debts after one year -€111,501
down €111,501 (-90.7%), from €122,870 to €11,369
of which Other amounts payable: -€92,173
- Reserves +€38,395
up €38,395 (+240.7%), from €15,950 to €54,345
of which Distributable reserves: +€37,565
- Accrued charges and deferred income +€37,333
new in 2025: €37,333
- Tax, wage and social debts -€13,097
down €13,097 (-27.9%), from €46,864 to €33,767
of which Taxes: -€11,722
- Advances received +€8,250
up €8,250 (+45.8%), from €18,000 to €26,250
- Gross operating margin -€57,260
down €57,260 (-20.4%), from €280,125 to €222,865
- Staff costs -€19,143
down €19,143 (-13.7%), from €139,697 to €120,553
- Taxes -€4,369
down €4,369 (-23.9%), from €18,272 to €13,904
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.
Cash bridge derived
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 | €318,463 | €285,011 | -€33,452 | -10.5% |
| Fixed assets | 21/28 | €152,857 | €196,672 | +€43,815 | +28.7% |
| Tangible fixed assets | 22/27 | €152,857 | €196,672 | +€43,815 | +28.7% |
| Land and buildings | 22 | €147,632 | €181,306 | +€33,673 | +22.8% |
| Furniture and vehicles | 24 | €5,225 | €15,367 | +€10,142 | +194.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €165,606 | €88,339 | -€77,267 | -46.7% |
| Stocks and contracts in progress | 3 | - | €9,948 | +€9,948 | |
| Stocks | 30/36 | - | €9,948 | +€9,948 | |
| Amounts receivable within one year | 40/41 | €42,003 | €30,304 | -€11,699 | -27.9% |
| Trade receivables | 40 | €39,121 | €27,422 | -€11,699 | -29.9% |
| Other amounts receivable | 41 | €2,882 | €2,882 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €123,603 | €47,842 | -€75,761 | -61.3% |
| Deferred charges and accrued income | 490/1 | - | €246 | +€246 | |
| Total equity and liabilities | 10/49 | €318,463 | €285,011 | -€33,452 | -10.5% |
| Equity | 10/15 | €77,924 | €116,318 | +€38,395 | +49.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €15,950 | €54,345 | +€38,395 | +240.7% |
| Non-distributable reserves | 130/1 | €5,368 | €6,197 | +€830 | +15.5% |
| Legal reserve | 130 | €5,368 | €6,197 | +€830 | +15.5% |
| Distributable reserves | 133 | €10,583 | €48,148 | +€37,565 | +355.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €240,540 | €168,693 | -€71,846 | -29.9% |
| Amounts payable after more than one year | 17 | €122,870 | €11,369 | -€111,501 | -90.7% |
| Financial debts | 170/4 | €30,697 | €11,369 | -€19,328 | -63.0% |
| Other amounts payable | 178/9 | €92,173 | €0 | -€92,173 | -100.0% |
| Amounts payable within one year | 42/48 | €117,669 | €119,992 | +€2,322 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €19,126 | €19,328 | +€202 | +1.1% |
| Trade debts | 44 | €33,414 | €40,146 | +€6,732 | +20.1% |
| Suppliers | 440/4 | €33,414 | €40,146 | +€6,732 | +20.1% |
| Advances received on contracts in progress | 46 | €18,000 | €26,250 | +€8,250 | +45.8% |
| Taxes, remuneration and social security | 45 | €46,864 | €33,767 | -€13,097 | -27.9% |
| Taxes | 450/3 | €29,442 | €17,720 | -€11,722 | -39.8% |
| Remuneration and social security | 454/9 | €17,422 | €16,047 | -€1,376 | -7.9% |
| Other amounts payable | 47/48 | €265 | €500 | +€235 | +88.9% |
| Accrued charges and deferred income | 492/3 | - | €37,333 | +€37,333 | |
| Non-recurring operating income | 76A | €21,978 | €0 | -€21,978 | -100.0% |
| Remuneration, social security and pensions | 62 | €139,697 | €120,553 | -€19,143 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,337 | €30,203 | +€866 | +3.0% |
| Other operating charges | 640/8 | €21,144 | €19,377 | -€1,767 | -8.4% |
| Gross operating margin | 9900 | €280,125 | €222,865 | -€57,260 | -20.4% |
| Operating profit (loss) | 9901 | €89,948 | €52,732 | -€37,216 | -41.4% |
| Financial income | 75/76B | €921 | €389 | -€531 | -57.7% |
| Recurring financial income | 75 | €921 | €389 | -€531 | -57.7% |
| Financial charges | 65/66B | €851 | €823 | -€27 | -3.2% |
| Recurring financial charges | 65 | €851 | €823 | -€27 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €90,018 | €52,298 | -€37,720 | -41.9% |
| Income taxes | 67/77 | €18,272 | €13,904 | -€4,369 | -23.9% |
| Profit (loss) for the period | 9904 | €71,746 | €38,395 | -€33,351 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,746 | €38,395 | -€33,351 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.