IMMO VICECONTE: 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 VICECONTE
Largest movements
- Tangible fixed assets -€48,899
down €48,899 (-3.6%), from €1.4m to €1.3m
of which Land and buildings: -€35,699
- Debts after one year -€52,160
down €52,160 (-8.5%), from €610,951 to €558,792
of which Financial debts: -€52,160
- Profit (loss) carried forward +€31,190
up €31,190 (+17.3%), from €180,542 to €211,732
- Reserves -€26,755
down €26,755 (-15.8%), from €169,681 to €142,926
of which Tax-exempt reserves: -€26,755
- Other debts +€18,149
up €18,149 (+6.0%), from €301,489 to €319,638
- Gross operating margin +€28,825
up €28,825 (+43.4%), from €66,344 to €95,169
- Depreciation -€10,040
down €10,040 (-17.0%), from €58,939 to €48,899
- Taxes +€7,055
up €7,055 (+706%), from €1,000 to €8,055
- Financial charges +€1,731
up €1,731 (+7.1%), from €24,348 to €26,079
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 | €1,474,076 | €1,424,873 | -€49,203 | -3.3% |
| Fixed assets | 21/28 | €1,366,766 | €1,317,867 | -€48,899 | -3.6% |
| Tangible fixed assets | 22/27 | €1,366,753 | €1,317,854 | -€48,899 | -3.6% |
| Land and buildings | 22 | €1,348,138 | €1,312,439 | -€35,699 | -2.6% |
| Plant, machinery and equipment | 23 | €18,615 | €5,415 | -€13,200 | -70.9% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €107,310 | €107,007 | -€304 | -0.3% |
| Stocks and contracts in progress | 3 | €89,000 | €89,000 | = | 0.0% |
| Stocks | 30/36 | €89,000 | €89,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,476 | €15,167 | -€309 | -2.0% |
| Trade receivables | 40 | €3,275 | €3,275 | = | 0.0% |
| Other amounts receivable | 41 | €12,201 | €11,892 | -€309 | -2.5% |
| Cash at bank and in hand | 54/58 | €2,292 | €2,292 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €541 | €547 | +€5 | +1.0% |
| Total equity and liabilities | 10/49 | €1,474,076 | €1,424,873 | -€49,203 | -3.3% |
| Equity | 10/15 | €387,407 | €391,842 | +€4,434 | +1.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €169,681 | €142,926 | -€26,755 | -15.8% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,963 | €139,207 | -€26,755 | -16.1% |
| Profit (loss) carried forward | 14 | €180,542 | €211,732 | +€31,190 | +17.3% |
| Provisions and deferred taxes | 16 | €55,321 | €46,402 | -€8,918 | -16.1% |
| Deferred taxes | 168 | €55,321 | €46,402 | -€8,918 | -16.1% |
| Amounts payable | 17/49 | €1,031,348 | €986,629 | -€44,719 | -4.3% |
| Amounts payable after more than one year | 17 | €610,951 | €558,792 | -€52,160 | -8.5% |
| Financial debts | 170/4 | €603,451 | €551,292 | -€52,160 | -8.6% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €418,897 | €427,837 | +€8,941 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €54,603 | €52,160 | -€2,444 | -4.5% |
| Financial debts | 43 | €31,302 | €22,282 | -€9,019 | -28.8% |
| Credit institutions | 430/8 | €31,302 | €22,282 | -€9,019 | -28.8% |
| Trade debts | 44 | €25,693 | €32,336 | +€6,642 | +25.9% |
| Suppliers | 440/4 | €25,693 | €32,336 | +€6,642 | +25.9% |
| Taxes, remuneration and social security | 45 | €5,809 | €1,421 | -€4,388 | -75.5% |
| Taxes | 450/3 | €5,809 | €1,421 | -€4,388 | -75.5% |
| Other amounts payable | 47/48 | €301,489 | €319,638 | +€18,149 | +6.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,939 | €48,899 | -€10,040 | -17.0% |
| Other operating charges | 640/8 | €16,168 | €16,620 | +€452 | +2.8% |
| Gross operating margin | 9900 | €66,344 | €95,169 | +€28,825 | +43.4% |
| Operating profit (loss) | 9901 | -€8,763 | €29,650 | +€38,413 | |
| Financial charges | 65/66B | €24,348 | €26,079 | +€1,731 | +7.1% |
| Recurring financial charges | 65 | €24,348 | €26,079 | +€1,731 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,111 | €3,571 | +€36,683 | |
| Transfer from deferred taxes | 780 | €8,918 | €8,918 | -€0 | 0.0% |
| Income taxes | 67/77 | €1,000 | €8,055 | +€7,055 | +706% |
| Profit (loss) for the period | 9904 | -€25,193 | €4,434 | +€29,627 | |
| Transfer from tax-exempt reserves | 789 | €26,755 | €26,755 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,563 | €31,190 | +€29,627 | +1,896% |
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 14 October 2026 via checked.be.