Immo - Vilvo: 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 - Vilvo
Largest movements
- Stocks and contracts -€262,563
down €262,563 (-1.8%), from €14.3m to €14.1m
- Debts after one year -€383,840
down €383,840 (-6.9%), from €5.5m to €5.1m
- Profit (loss) carried forward +€155,036
up €155,036 (+11.4%), from €1.4m to €1.5m
- Gross operating margin +€139,863
up €139,863 (+36.4%), from €384,714 to €524,577
- Provisions +€77,436
no longer reported in 2025 (was -€77,436)
- Financial charges +€26,089
up €26,089 (+12.6%), from €207,026 to €233,115
- Taxes +€10,966
up €10,966 (+22.6%), from €48,441 to €59,407
- Other operating charges -€8,499
down €8,499 (-11.0%), from €77,359 to €68,859
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,405,747 | €14,163,101 | -€242,646 | -1.7% |
| Current assets | 29/58 | €14,405,747 | €14,163,101 | -€242,646 | -1.7% |
| Stocks and contracts in progress | 3 | €14,320,300 | €14,057,737 | -€262,563 | -1.8% |
| Stocks | 30/36 | €14,320,300 | €14,057,737 | -€262,563 | -1.8% |
| Amounts receivable within one year | 40/41 | €85,447 | €105,364 | +€19,917 | +23.3% |
| Trade receivables | 40 | €85,129 | €104,754 | +€19,625 | +23.1% |
| Other amounts receivable | 41 | €317 | €610 | +€292 | +92.1% |
| Total equity and liabilities | 10/49 | €14,405,747 | €14,163,101 | -€242,646 | -1.7% |
| Equity | 10/15 | €8,728,006 | €8,891,201 | +€163,196 | +1.9% |
| Contributions | 10/11 | €7,037,122 | €7,037,122 | = | 0.0% |
| Capital | 10 | €7,037,122 | €7,037,122 | = | 0.0% |
| Issued capital | 100 | €7,037,122 | €7,037,122 | = | 0.0% |
| Reserves | 13 | €333,363 | €341,522 | +€8,160 | +2.4% |
| Non-distributable reserves | 130/1 | €333,363 | €341,522 | +€8,160 | +2.4% |
| Legal reserve | 130 | €333,363 | €341,522 | +€8,160 | +2.4% |
| Profit (loss) carried forward | 14 | €1,357,521 | €1,512,557 | +€155,036 | +11.4% |
| Amounts payable | 17/49 | €5,677,741 | €5,271,899 | -€405,842 | -7.1% |
| Amounts payable after more than one year | 17 | €5,527,730 | €5,143,890 | -€383,840 | -6.9% |
| Financial debts | 170/4 | €5,527,730 | €5,143,890 | -€383,840 | -6.9% |
| Amounts payable within one year | 42/48 | €147,011 | €125,009 | -€22,002 | -15.0% |
| Trade debts | 44 | €37,036 | €26,702 | -€10,335 | -27.9% |
| Suppliers | 440/4 | €37,036 | €26,702 | -€10,335 | -27.9% |
| Advances received on contracts in progress | 46 | €61,534 | €38,900 | -€22,634 | -36.8% |
| Taxes, remuneration and social security | 45 | €48,441 | €59,407 | +€10,966 | +22.6% |
| Taxes | 450/3 | €48,441 | €59,407 | +€10,966 | +22.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€77,436 | - | +€77,436 | |
| Other operating charges | 640/8 | €77,359 | €68,859 | -€8,499 | -11.0% |
| Gross operating margin | 9900 | €384,714 | €524,577 | +€139,863 | +36.4% |
| Operating profit (loss) | 9901 | €384,791 | €455,717 | +€70,926 | +18.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €207,026 | €233,115 | +€26,089 | +12.6% |
| Recurring financial charges | 65 | €207,026 | €233,115 | +€26,089 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €177,765 | €222,603 | +€44,838 | +25.2% |
| Income taxes | 67/77 | €48,441 | €59,407 | +€10,966 | +22.6% |
| Profit (loss) for the period | 9904 | €129,324 | €163,196 | +€33,872 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,324 | €163,196 | +€33,872 | +26.2% |
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 21 October 2026 via checked.be.