IMMO VMG: what changed
Two fiscal 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 VMG
Largest movements
- Tangible fixed assets -€15,216
down €15,216 (-3.5%), from €432,591 to €417,375
of which Land and buildings: -€23,344
- Debts after one year -€26,469
down €26,469 (-8.9%), from €297,926 to €271,458
- Profit (loss) carried forward +€13,141
up €13,141 (+28.0%), from €46,953 to €60,094
- Tax, wage and social debts +€4,990
new in 2024: €4,990
- Gross operating margin -€16,912
down €16,912 (-23.9%), from €70,804 to €53,892
- Taxes +€3,751
up €3,751 (+302.8%), from €1,239 to €4,990
- Depreciation +€1,872
up €1,872 (+8.0%), from €23,344 to €25,216
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,731 | €418,515 | -€15,216 | -3.5% |
| Fixed assets | 21/28 | €433,731 | €418,515 | -€15,216 | -3.5% |
| Tangible fixed assets | 22/27 | €432,591 | €417,375 | -€15,216 | -3.5% |
| Land and buildings | 22 | €432,591 | €409,247 | -€23,344 | -5.4% |
| Furniture and vehicles | 24 | - | €8,128 | +€8,128 | |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €433,731 | €418,515 | -€15,216 | -3.5% |
| Equity | 10/15 | €65,553 | €78,694 | +€13,141 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,953 | €60,094 | +€13,141 | +28.0% |
| Amounts payable | 17/49 | €368,178 | €339,821 | -€28,357 | -7.7% |
| Amounts payable after more than one year | 17 | €297,926 | €271,458 | -€26,469 | -8.9% |
| Financial debts | 170/4 | €297,926 | €271,458 | -€26,469 | -8.9% |
| Amounts payable within one year | 42/48 | €70,252 | €68,363 | -€1,889 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €25,879 | €26,469 | +€589 | +2.3% |
| Financial debts | 43 | €5,077 | €3,953 | -€1,124 | -22.1% |
| Credit institutions | 430/8 | €5,077 | €3,953 | -€1,124 | -22.1% |
| Trade debts | 44 | €5,936 | €3,906 | -€2,031 | -34.2% |
| Suppliers | 440/4 | €5,936 | €3,906 | -€2,031 | -34.2% |
| Taxes, remuneration and social security | 45 | - | €4,990 | +€4,990 | |
| Taxes | 450/3 | - | €4,990 | +€4,990 | |
| Other amounts payable | 47/48 | €33,359 | €29,046 | -€4,313 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,344 | €25,216 | +€1,872 | +8.0% |
| Other operating charges | 640/8 | €3,060 | €2,873 | -€187 | -6.1% |
| Gross operating margin | 9900 | €70,804 | €53,892 | -€16,912 | -23.9% |
| Operating profit (loss) | 9901 | €44,400 | €25,803 | -€18,597 | -41.9% |
| Financial charges | 65/66B | €8,116 | €7,671 | -€445 | -5.5% |
| Recurring financial charges | 65 | €8,116 | €7,671 | -€445 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €36,284 | €18,131 | -€18,152 | -50.0% |
| Income taxes | 67/77 | €1,239 | €4,990 | +€3,751 | +302.8% |
| Profit (loss) for the period | 9904 | €35,045 | €13,141 | -€21,903 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,045 | €13,141 | -€21,903 | -62.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.