IMMO VINA: 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 VINA
Largest movements
- Tangible fixed assets +€447,585
up €447,585 (+193%), from €231,614 to €679,199
of which Land and buildings: +€455,505
- Receivables within one year -€76,569
down €76,569 (-89.3%), from €85,783 to €9,214
of which Trade receivables: -€80,000
- Debts after one year +€214,692
up €214,692 (+118%), from €181,400 to €396,092
- Other debts +€111,256
up €111,256 (+144%), from €77,436 to €188,692
- Profit (loss) carried forward +€25,309
up €25,309 (+40.7%), from €62,228 to €87,537
- Current portion of long-term debt +€16,739
new in 2025: €16,739
- Gross operating margin +€14,989
up €14,989 (+43.5%), from €34,429 to €49,418
- Taxes +€2,761
up €2,761 (+48.2%), from €5,725 to €8,486
- Depreciation +€2,129
up €2,129 (+20.4%), from €10,419 to €12,548
- Financial charges +€1,441
up €1,441 (+181%), from €796 to €2,237
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 | €341,064 | €709,459 | +€368,395 | +108% |
| Fixed assets | 21/28 | €244,114 | €689,199 | +€445,085 | +182% |
| Intangible fixed assets | 21 | €12,500 | €10,000 | -€2,500 | -20.0% |
| Tangible fixed assets | 22/27 | €231,614 | €679,199 | +€447,585 | +193% |
| Land and buildings | 22 | €168,949 | €624,454 | +€455,505 | +270% |
| Other tangible fixed assets | 26 | €62,665 | €54,745 | -€7,920 | -12.6% |
| Current assets | 29/58 | €96,950 | €20,260 | -€76,690 | -79.1% |
| Amounts receivable within one year | 40/41 | €85,783 | €9,214 | -€76,569 | -89.3% |
| Trade receivables | 40 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 41 | €5,783 | €9,214 | +€3,431 | +59.3% |
| Cash at bank and in hand | 54/58 | €11,081 | €10,494 | -€587 | -5.3% |
| Deferred charges and accrued income | 490/1 | €86 | €552 | +€466 | +542% |
| Total equity and liabilities | 10/49 | €341,064 | €709,459 | +€368,395 | +108% |
| Equity | 10/15 | €82,228 | €107,537 | +€25,309 | +30.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,228 | €87,537 | +€25,309 | +40.7% |
| Amounts payable | 17/49 | €258,836 | €601,922 | +€343,086 | +133% |
| Amounts payable after more than one year | 17 | €181,400 | €396,092 | +€214,692 | +118% |
| Financial debts | 170/4 | €181,400 | €396,092 | +€214,692 | +118% |
| Amounts payable within one year | 42/48 | €77,436 | €205,830 | +€128,394 | +166% |
| Current portion of amounts payable after more than one year | 42 | - | €16,739 | +€16,739 | |
| Trade debts | 44 | - | €399 | +€399 | |
| Suppliers | 440/4 | - | €399 | +€399 | |
| Other amounts payable | 47/48 | €77,436 | €188,692 | +€111,256 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,419 | €12,548 | +€2,129 | +20.4% |
| Other operating charges | 640/8 | €387 | €838 | +€451 | +117% |
| Gross operating margin | 9900 | €34,429 | €49,418 | +€14,989 | +43.5% |
| Operating profit (loss) | 9901 | €23,623 | €36,032 | +€12,409 | +52.5% |
| Financial income | 75/76B | €72 | - | -€72 | |
| Recurring financial income | 75 | €72 | - | -€72 | |
| Financial charges | 65/66B | €796 | €2,237 | +€1,441 | +181% |
| Recurring financial charges | 65 | €796 | €2,237 | +€1,441 | +181% |
| Profit (loss) for the period before taxes | 9903 | €22,899 | €33,795 | +€10,896 | +47.6% |
| Income taxes | 67/77 | €5,725 | €8,486 | +€2,761 | +48.2% |
| Profit (loss) for the period | 9904 | €17,174 | €25,309 | +€8,135 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,174 | €25,309 | +€8,135 | +47.4% |
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 18 October 2026 via checked.be.