IMMO VICTOR: 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 VICTOR
Largest movements
- Tangible fixed assets -€71,488
down €71,488 (-8.5%), from €840,578 to €769,090
- Cash +€22,167
up €22,167 (+69.0%), from €32,142 to €54,309
mainly Depreciation (+€71,488)
- Receivables within one year +€9,670
up €9,670 (+11.4%), from €84,800 to €94,470
- Other debts -€25,000
down €25,000 (-3.1%), from €797,307 to €772,307
- Tax, wage and social debts -€11,721
down €11,721 (-45.6%), from €25,728 to €14,006
- Gross operating margin -€67,524
down €67,524 (-45.9%), from €147,221 to €79,698
- Taxes -€14,006
no longer reported in 2025 (was €14,006)
- Financial charges -€8,447
down €8,447 (-99.6%), from €8,477 to €30
- Other operating charges -€4,748
down €4,748 (-29.9%), from €15,857 to €11,109
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 | €957,520 | €917,869 | -€39,651 | -4.1% |
| Fixed assets | 21/28 | €840,578 | €769,090 | -€71,488 | -8.5% |
| Tangible fixed assets | 22/27 | €840,578 | €769,090 | -€71,488 | -8.5% |
| Land and buildings | 22 | €840,578 | €769,090 | -€71,488 | -8.5% |
| Current assets | 29/58 | €116,942 | €148,779 | +€31,837 | +27.2% |
| Amounts receivable within one year | 40/41 | €84,800 | €94,470 | +€9,670 | +11.4% |
| Other amounts receivable | 41 | €84,800 | €94,470 | +€9,670 | +11.4% |
| Cash at bank and in hand | 54/58 | €32,142 | €54,309 | +€22,167 | +69.0% |
| Total equity and liabilities | 10/49 | €957,520 | €917,869 | -€39,651 | -4.1% |
| Equity | 10/15 | €134,486 | €131,556 | -€2,930 | -2.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,512 | €66,583 | -€2,930 | -4.2% |
| Amounts payable | 17/49 | €823,034 | €786,313 | -€36,721 | -4.5% |
| Amounts payable within one year | 42/48 | €823,034 | €786,313 | -€36,721 | -4.5% |
| Taxes, remuneration and social security | 45 | €25,728 | €14,006 | -€11,721 | -45.6% |
| Taxes | 450/3 | €25,728 | €14,006 | -€11,721 | -45.6% |
| Other amounts payable | 47/48 | €797,307 | €772,307 | -€25,000 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,488 | €71,488 | = | 0.0% |
| Other operating charges | 640/8 | €15,857 | €11,109 | -€4,748 | -29.9% |
| Gross operating margin | 9900 | €147,221 | €79,698 | -€67,524 | -45.9% |
| Operating profit (loss) | 9901 | €59,876 | -€2,900 | -€62,775 | |
| Financial charges | 65/66B | €8,477 | €30 | -€8,447 | -99.6% |
| Recurring financial charges | 65 | €8,477 | €30 | -€8,447 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €51,399 | -€2,930 | -€54,328 | |
| Income taxes | 67/77 | €14,006 | - | -€14,006 | |
| Profit (loss) for the period | 9904 | €37,392 | -€2,930 | -€40,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,392 | -€2,930 | -€40,322 |
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 13 October 2026 via checked.be.