IMMO VOS VASTGOED: 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 VOS VASTGOED
Largest movements
- Cash -€78,057
down €78,057 (-25.2%), from €309,639 to €231,582
mainly Other debts (-€308,861) and Debts after one year (-€51,252)
- Tangible fixed assets -€72,931
down €72,931 (-9.5%), from €767,644 to €694,712
of which Furniture and vehicles: -€44,587
- Receivables within one year -€14,687
down €14,687 (-46.7%), from €31,482 to €16,795
of which Trade receivables: -€16,691
- Other debts -€308,861
down €308,861 (-95.5%), from €323,438 to €14,577
- Advances received +€175,200
new in 2025: €175,200
- Debts after one year -€51,252
down €51,252 (-9.0%), from €567,958 to €516,706
- Profit (loss) carried forward +€39,811
up €39,811 (+25.5%), from -€156,249 to -€116,438
- Current portion of long-term debt -€18,177
down €18,177 (-26.2%), from €69,429 to €51,252
- Gross operating margin +€83,647
up €83,647 (+43.1%), from €194,130 to €277,777
- Staff costs -€12,773
down €12,773 (-8.2%), from €155,387 to €142,614
- Depreciation +€5,365
up €5,365 (+7.5%), from €71,068 to €76,433
- Write-downs -€3,312
down €3,312, from €1,656 to -€1,656
- Financial income +€2,819
up €2,819 (+649%), from €434 to €3,253
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 | €1,113,276 | €946,366 | -€166,910 | -15.0% |
| Fixed assets | 21/28 | €768,409 | €695,477 | -€72,931 | -9.5% |
| Tangible fixed assets | 22/27 | €767,644 | €694,712 | -€72,931 | -9.5% |
| Land and buildings | 22 | €665,095 | €629,559 | -€35,536 | -5.3% |
| Plant, machinery and equipment | 23 | €9,639 | €8,637 | -€1,002 | -10.4% |
| Furniture and vehicles | 24 | €86,386 | €41,799 | -€44,587 | -51.6% |
| Other tangible fixed assets | 26 | €6,524 | €14,718 | +€8,194 | +126% |
| Financial fixed assets | 28 | €765 | €765 | = | 0.0% |
| Current assets | 29/58 | €344,867 | €250,889 | -€93,979 | -27.3% |
| Amounts receivable within one year | 40/41 | €31,482 | €16,795 | -€14,687 | -46.7% |
| Trade receivables | 40 | €31,482 | €14,791 | -€16,691 | -53.0% |
| Other amounts receivable | 41 | €0 | €2,004 | +€2,004 | |
| Current investments | 50/53 | €900 | €900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €309,639 | €231,582 | -€78,057 | -25.2% |
| Deferred charges and accrued income | 490/1 | €2,847 | €1,612 | -€1,235 | -43.4% |
| Total equity and liabilities | 10/49 | €1,113,276 | €946,366 | -€166,910 | -15.0% |
| Equity | 10/15 | €101,244 | €141,055 | +€39,811 | +39.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €251,293 | €251,293 | = | 0.0% |
| Distributable reserves | 133 | €251,293 | €251,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,249 | -€116,438 | +€39,811 | +25.5% |
| Amounts payable | 17/49 | €1,012,032 | €805,311 | -€206,721 | -20.4% |
| Amounts payable after more than one year | 17 | €567,958 | €516,706 | -€51,252 | -9.0% |
| Financial debts | 170/4 | €567,958 | €516,706 | -€51,252 | -9.0% |
| Amounts payable within one year | 42/48 | €442,167 | €286,627 | -€155,540 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €69,429 | €51,252 | -€18,177 | -26.2% |
| Trade debts | 44 | €17,584 | €13,995 | -€3,590 | -20.4% |
| Suppliers | 440/4 | €17,584 | €13,995 | -€3,590 | -20.4% |
| Advances received on contracts in progress | 46 | - | €175,200 | +€175,200 | |
| Taxes, remuneration and social security | 45 | €31,716 | €31,604 | -€112 | -0.4% |
| Taxes | 450/3 | €14,922 | €19,026 | +€4,104 | +27.5% |
| Remuneration and social security | 454/9 | €16,794 | €12,578 | -€4,216 | -25.1% |
| Other amounts payable | 47/48 | €323,438 | €14,577 | -€308,861 | -95.5% |
| Accrued charges and deferred income | 492/3 | €1,907 | €1,978 | +€71 | +3.7% |
| Non-recurring operating income | 76A | - | €4,977 | +€4,977 | |
| Remuneration, social security and pensions | 62 | €155,387 | €142,614 | -€12,773 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,068 | €76,433 | +€5,365 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,656 | -€1,656 | -€3,312 | |
| Other operating charges | 640/8 | €12,505 | €10,755 | -€1,750 | -14.0% |
| Non-recurring operating charges | 66A | - | €1,286 | +€1,286 | |
| Gross operating margin | 9900 | €194,130 | €277,777 | +€83,647 | +43.1% |
| Operating profit (loss) | 9901 | -€46,485 | €48,345 | +€94,830 | |
| Financial income | 75/76B | €434 | €3,253 | +€2,819 | +649% |
| Recurring financial income | 75 | €434 | €3,253 | +€2,819 | +649% |
| Financial charges | 65/66B | €12,129 | €11,065 | -€1,064 | -8.8% |
| Recurring financial charges | 65 | €12,129 | €11,065 | -€1,064 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,180 | €40,533 | +€98,713 | |
| Income taxes | 67/77 | €1,021 | €723 | -€298 | -29.2% |
| Profit (loss) for the period | 9904 | -€59,201 | €39,811 | +€99,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,201 | €39,811 | +€99,011 |
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 30 October 2026 via checked.be.