IMMO VGJ: 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 VGJ
Largest movements
- Tangible fixed assets -€156,796
down €156,796 (-11.4%), from €1.4m to €1.2m
of which Land and buildings: -€131,751
- Stocks and contracts +€90,000
up €90,000 (+150%), from €60,000 to €150,000
- Receivables within one year +€39,790
up €39,790 (+391%), from €10,181 to €49,972
of which Trade receivables: +€33,872
- Debts after one year +€208,500
up €208,500 (+11.3%), from €1.8m to €2.1m
- Profit (loss) carried forward -€186,213
down €186,213 (-26.7%), from -€697,244 to -€883,457
- Reserves -€23,450
down €23,450 (-13.0%), from €180,736 to €157,286
of which Tax-exempt reserves: -€21,450
- Gross operating margin -€199,398
down €199,398, from €144,680 to -€54,717
- Depreciation -€1,943
down €1,943 (-1.2%), from €165,882 to €163,939
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,454,331 | €1,431,184 | -€23,147 | -1.6% |
| Fixed assets | 21/28 | €1,382,438 | €1,218,499 | -€163,939 | -11.9% |
| Intangible fixed assets | 21 | €7,143 | - | -€7,143 | |
| Tangible fixed assets | 22/27 | €1,375,296 | €1,218,499 | -€156,796 | -11.4% |
| Land and buildings | 22 | €1,254,438 | €1,122,686 | -€131,751 | -10.5% |
| Plant, machinery and equipment | 23 | €120,858 | €95,813 | -€25,045 | -20.7% |
| Current assets | 29/58 | €71,892 | €212,684 | +€140,792 | +196% |
| Stocks and contracts in progress | 3 | €60,000 | €150,000 | +€90,000 | +150% |
| Contracts in progress | 37 | €60,000 | €150,000 | +€90,000 | +150% |
| Amounts receivable within one year | 40/41 | €10,181 | €49,972 | +€39,790 | +391% |
| Trade receivables | 40 | €10,181 | €44,054 | +€33,872 | +333% |
| Other amounts receivable | 41 | - | €5,918 | +€5,918 | |
| Cash at bank and in hand | 54/58 | €1,711 | €12,712 | +€11,002 | +643% |
| Total equity and liabilities | 10/49 | €1,454,331 | €1,431,184 | -€23,147 | -1.6% |
| Equity | 10/15 | -€503,508 | -€713,171 | -€209,663 | -41.6% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €180,736 | €157,286 | -€23,450 | -13.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €178,736 | €157,286 | -€21,450 | -12.0% |
| Profit (loss) carried forward | 14 | -€697,244 | -€883,457 | -€186,213 | -26.7% |
| Provisions and deferred taxes | 16 | €88,400 | €77,350 | -€11,050 | -12.5% |
| Provisions for liabilities and charges | 160/5 | €88,400 | €77,350 | -€11,050 | -12.5% |
| Taxes | 161 | €88,400 | €77,350 | -€11,050 | -12.5% |
| Amounts payable | 17/49 | €1,869,439 | €2,067,005 | +€197,566 | +10.6% |
| Amounts payable after more than one year | 17 | €1,846,751 | €2,055,251 | +€208,500 | +11.3% |
| Financial debts | 170/4 | €1,846,751 | €2,055,251 | +€208,500 | +11.3% |
| Amounts payable within one year | 42/48 | €22,687 | €11,754 | -€10,934 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | - | -€11,000 | |
| Trade debts | 44 | €3,960 | €7,892 | +€3,932 | +99.3% |
| Suppliers | 440/4 | €3,960 | €7,892 | +€3,932 | +99.3% |
| Taxes, remuneration and social security | 45 | €7,666 | - | -€7,666 | |
| Taxes | 450/3 | €7,666 | - | -€7,666 | |
| Other amounts payable | 47/48 | €62 | €3,861 | +€3,800 | +6,178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,882 | €163,939 | -€1,943 | -1.2% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €144,680 | -€54,717 | -€199,398 | |
| Operating profit (loss) | 9901 | -€22,162 | -€219,624 | -€197,462 | -891% |
| Financial charges | 65/66B | €1,487 | €1,090 | -€397 | -26.7% |
| Recurring financial charges | 65 | €1,487 | €1,090 | -€397 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,649 | -€220,713 | -€197,065 | -833% |
| Transfer from deferred taxes | 780 | €11,050 | €11,050 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€12,599 | -€209,663 | -€197,065 | -1,564% |
| Transfer from tax-exempt reserves | 789 | €21,450 | €21,450 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,851 | -€188,213 | -€197,065 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.