IMMO VICOLA: 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 VICOLA
Largest movements
- Tangible fixed assets -€97,255
down €97,255 (-3.7%), from €2.6m to €2.5m
- Cash +€37,995
up €37,995 (+141%), from €26,934 to €64,929
mainly Depreciation (+€97,255) and Net result for the year (+€47,361)
- Debts after one year -€130,419
down €130,419 (-5.3%), from €2.5m to €2.3m
- Reserves +€47,361
up €47,361 (+52.6%), from €90,073 to €137,434
- Gross operating margin +€13,159
up €13,159 (+6.5%), from €201,860 to €215,019
- Other operating charges +€12,527
up €12,527 (+2,044%), from €613 to €13,140
- Taxes +€7,026
up €7,026 (+141%), from €4,972 to €11,998
- Depreciation +€4,967
up €4,967 (+5.4%), from €92,288 to €97,255
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,848,399 | €2,766,053 | -€82,346 | -2.9% |
| Fixed assets | 21/28 | €2,640,742 | €2,543,487 | -€97,255 | -3.7% |
| Tangible fixed assets | 22/27 | €2,631,801 | €2,534,546 | -€97,255 | -3.7% |
| Land and buildings | 22 | €2,631,801 | €2,534,546 | -€97,255 | -3.7% |
| Financial fixed assets | 28 | €8,941 | €8,941 | = | 0.0% |
| Current assets | 29/58 | €207,657 | €222,566 | +€14,909 | +7.2% |
| Amounts receivable within one year | 40/41 | €179,080 | €155,987 | -€23,093 | -12.9% |
| Trade receivables | 40 | €179,080 | €152,985 | -€26,095 | -14.6% |
| Other amounts receivable | 41 | - | €3,002 | +€3,002 | |
| Cash at bank and in hand | 54/58 | €26,934 | €64,929 | +€37,995 | +141% |
| Deferred charges and accrued income | 490/1 | €1,643 | €1,651 | +€8 | +0.5% |
| Total equity and liabilities | 10/49 | €2,848,399 | €2,766,053 | -€82,346 | -2.9% |
| Equity | 10/15 | €130,073 | €177,434 | +€47,361 | +36.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €90,073 | €137,434 | +€47,361 | +52.6% |
| Distributable reserves | 133 | €90,073 | €137,434 | +€47,361 | +52.6% |
| Amounts payable | 17/49 | €2,718,326 | €2,588,619 | -€129,707 | -4.8% |
| Amounts payable after more than one year | 17 | €2,469,720 | €2,339,300 | -€130,419 | -5.3% |
| Financial debts | 170/4 | €2,469,720 | €2,339,300 | -€130,419 | -5.3% |
| Amounts payable within one year | 42/48 | €248,607 | €248,813 | +€207 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €127,636 | €145,419 | +€17,783 | +13.9% |
| Trade debts | 44 | €11,071 | - | -€11,071 | |
| Suppliers | 440/4 | €11,071 | - | -€11,071 | |
| Taxes, remuneration and social security | 45 | €18,143 | €11,638 | -€6,505 | -35.9% |
| Taxes | 450/3 | €18,143 | €11,638 | -€6,505 | -35.9% |
| Other amounts payable | 47/48 | €91,756 | €91,756 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €506 | +€506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,288 | €97,255 | +€4,967 | +5.4% |
| Other operating charges | 640/8 | €613 | €13,140 | +€12,527 | +2,044% |
| Gross operating margin | 9900 | €201,860 | €215,019 | +€13,159 | +6.5% |
| Operating profit (loss) | 9901 | €108,959 | €104,624 | -€4,335 | -4.0% |
| Financial charges | 65/66B | €43,497 | €45,265 | +€1,767 | +4.1% |
| Recurring financial charges | 65 | €43,497 | €45,265 | +€1,767 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €65,462 | €59,359 | -€6,103 | -9.3% |
| Income taxes | 67/77 | €4,972 | €11,998 | +€7,026 | +141% |
| Profit (loss) for the period | 9904 | €60,490 | €47,361 | -€13,129 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,490 | €47,361 | -€13,129 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.