IMMO VEVA: 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 VEVA
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-15.9%), from €7.1m to €6.0m
- Cash +€560,674
up €560,674 (+154.9%), from €362,022 to €922,697
mainly Stocks and contracts (+€1.1m) and Investment in fixed assets (net) (+€533,708)
- Financial fixed assets -€399,089
down €399,089 (-29.6%), from €1.4m to €950,911
- Tangible fixed assets -€150,899
down €150,899 (-46.7%), from €323,314 to €172,415
- Receivables within one year -€124,168
down €124,168 (-90.2%), from €137,711 to €13,543
of which Trade receivables: -€108,978
- Short-term financial debts -€719,081
down €719,081 (-16.4%), from €4.4m to €3.7m
- Other debts -€535,315
down €535,315 (-22.4%), from €2.4m to €1.9m
- Gross operating margin -€240,281
down €240,281 (-31.4%), from €764,100 to €523,820
- Financial charges -€136,858
down €136,858 (-29.9%), from €457,114 to €320,256
- Taxes -€65,158
down €65,158 (-100.0%), from €65,158 to €0
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 | €9,316,908 | €8,067,430 | -€1.2m | -13.4% |
| Fixed assets | 21/28 | €1,673,314 | €1,123,327 | -€549,987 | -32.9% |
| Tangible fixed assets | 22/27 | €323,314 | €172,415 | -€150,899 | -46.7% |
| Land and buildings | 22 | €323,314 | €172,415 | -€150,899 | -46.7% |
| Financial fixed assets | 28 | €1,350,000 | €950,911 | -€399,089 | -29.6% |
| Current assets | 29/58 | €7,643,594 | €6,944,103 | -€699,490 | -9.2% |
| Stocks and contracts in progress | 3 | €7,139,450 | €6,006,406 | -€1.1m | -15.9% |
| Stocks | 30/36 | €7,139,450 | €6,006,406 | -€1.1m | -15.9% |
| Amounts receivable within one year | 40/41 | €137,711 | €13,543 | -€124,168 | -90.2% |
| Trade receivables | 40 | €108,978 | €0 | -€108,978 | -100.0% |
| Other amounts receivable | 41 | €28,734 | €13,543 | -€15,191 | -52.9% |
| Cash at bank and in hand | 54/58 | €362,022 | €922,697 | +€560,674 | +154.9% |
| Deferred charges and accrued income | 490/1 | €4,410 | €1,458 | -€2,952 | -66.9% |
| Total equity and liabilities | 10/49 | €9,316,908 | €8,067,430 | -€1.2m | -13.4% |
| Equity | 10/15 | €1,477,185 | €1,486,351 | +€9,166 | +0.6% |
| Contributions | 10/11 | €379,723 | €379,723 | = | 0.0% |
| Capital | 10 | €379,723 | €379,723 | = | 0.0% |
| Issued capital | 100 | €379,723 | €379,723 | = | 0.0% |
| Reserves | 13 | €1,097,462 | €1,106,628 | +€9,166 | +0.8% |
| Non-distributable reserves | 130/1 | €37,972 | €37,972 | = | 0.0% |
| Legal reserve | 130 | €37,972 | €37,972 | = | 0.0% |
| Distributable reserves | 133 | €1,059,489 | €1,068,656 | +€9,166 | +0.9% |
| Amounts payable | 17/49 | €7,839,723 | €6,581,079 | -€1.3m | -16.1% |
| Amounts payable after more than one year | 17 | €1,050,000 | €1,050,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,050,000 | €1,050,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,787,847 | €5,529,155 | -€1.3m | -18.5% |
| Financial debts | 43 | €4,382,971 | €3,663,890 | -€719,081 | -16.4% |
| Credit institutions | 430/8 | €4,382,971 | €3,663,890 | -€719,081 | -16.4% |
| Trade debts | 44 | €166 | €2,370 | +€2,204 | +1327.4% |
| Suppliers | 440/4 | €166 | €2,370 | +€2,204 | +1327.4% |
| Taxes, remuneration and social security | 45 | €17,746 | €11,246 | -€6,500 | -36.6% |
| Taxes | 450/3 | €17,746 | €11,246 | -€6,500 | -36.6% |
| Other amounts payable | 47/48 | €2,386,964 | €1,851,650 | -€535,315 | -22.4% |
| Accrued charges and deferred income | 492/3 | €1,876 | €1,924 | +€47 | +2.5% |
| Non-recurring operating income | 76A | - | €16,250 | +€16,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,927 | €16,279 | -€4,648 | -22.2% |
| Other operating charges | 640/8 | €27,526 | €27,686 | +€159 | +0.6% |
| Non-recurring operating charges | 66A | - | €150,474 | +€150,474 | |
| Gross operating margin | 9900 | €764,100 | €523,820 | -€240,281 | -31.4% |
| Operating profit (loss) | 9901 | €715,647 | €329,381 | -€386,266 | -54.0% |
| Financial income | 75/76B | €11 | €42 | +€31 | +272.9% |
| Recurring financial income | 75 | €11 | €42 | +€31 | +272.9% |
| Financial charges | 65/66B | €457,114 | €320,256 | -€136,858 | -29.9% |
| Recurring financial charges | 65 | €457,114 | €320,256 | -€136,858 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €258,543 | €9,166 | -€249,377 | -96.5% |
| Income taxes | 67/77 | €65,158 | €0 | -€65,158 | -100.0% |
| Profit (loss) for the period | 9904 | €193,385 | €9,166 | -€184,219 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €193,385 | €9,166 | -€184,219 | -95.3% |
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 10 October 2026 via checked.be.