Immo Vossenhol: 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 Vossenhol
Largest movements
- Tangible fixed assets -€16,254
down €16,254 (-7.0%), from €230,661 to €214,407
- Receivables within one year +€6,883
up €6,883 (+23.4%), from €29,424 to €36,307
of which Other amounts receivable: +€6,883
- Current portion of long-term debt -€20,821
down €20,821 (-60.1%), from €34,653 to €13,833
- Reserves +€19,266
up €19,266 (+17.6%), from €109,647 to €128,913
- Debts after one year -€13,833
down €13,833 (-11.9%), from €116,401 to €102,568
- Trade debts +€7,583
up €7,583 (+161%), from €4,715 to €12,298
- Gross operating margin +€2,814
up €2,814 (+6.2%), from €45,338 to €48,152
- Depreciation -€1,269
down €1,269 (-6.6%), from €19,096 to €17,827
- Financial charges -€630
down €630 (-9.9%), from €6,346 to €5,716
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 | €316,038 | €307,823 | -€8,215 | -2.6% |
| Fixed assets | 21/28 | €230,661 | €214,407 | -€16,254 | -7.0% |
| Tangible fixed assets | 22/27 | €230,661 | €214,407 | -€16,254 | -7.0% |
| Land and buildings | 22 | €230,661 | €214,407 | -€16,254 | -7.0% |
| Current assets | 29/58 | €85,376 | €93,415 | +€8,039 | +9.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,424 | €36,307 | +€6,883 | +23.4% |
| Trade receivables | 40 | €14,555 | €14,555 | = | 0.0% |
| Other amounts receivable | 41 | €14,868 | €21,752 | +€6,883 | +46.3% |
| Cash at bank and in hand | 54/58 | €188 | €189 | +€1 | +0.5% |
| Deferred charges and accrued income | 490/1 | €15,764 | €16,920 | +€1,155 | +7.3% |
| Total equity and liabilities | 10/49 | €316,038 | €307,823 | -€8,215 | -2.6% |
| Equity | 10/15 | €140,634 | €159,900 | +€19,266 | +13.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €109,647 | €128,913 | +€19,266 | +17.6% |
| Distributable reserves | 133 | €109,647 | €128,913 | +€19,266 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €175,404 | €147,923 | -€27,481 | -15.7% |
| Amounts payable after more than one year | 17 | €116,401 | €102,568 | -€13,833 | -11.9% |
| Financial debts | 170/4 | €116,401 | €102,568 | -€13,833 | -11.9% |
| Amounts payable within one year | 42/48 | €58,669 | €45,355 | -€13,314 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €34,653 | €13,833 | -€20,821 | -60.1% |
| Financial debts | 43 | €4,864 | €4,873 | +€9 | +0.2% |
| Credit institutions | 430/8 | €4,864 | €4,873 | +€9 | +0.2% |
| Trade debts | 44 | €4,715 | €12,298 | +€7,583 | +161% |
| Suppliers | 440/4 | €4,715 | €12,298 | +€7,583 | +161% |
| Other amounts payable | 47/48 | €14,437 | €14,351 | -€85 | -0.6% |
| Accrued charges and deferred income | 492/3 | €334 | €0 | -€334 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,096 | €17,827 | -€1,269 | -6.6% |
| Other operating charges | 640/8 | €6,922 | €6,489 | -€433 | -6.3% |
| Gross operating margin | 9900 | €45,338 | €48,152 | +€2,814 | +6.2% |
| Operating profit (loss) | 9901 | €19,320 | €23,836 | +€4,515 | +23.4% |
| Financial income | 75/76B | €1,151 | €1,146 | -€4 | -0.4% |
| Recurring financial income | 75 | €1,151 | €1,146 | -€4 | -0.4% |
| Financial charges | 65/66B | €6,346 | €5,716 | -€630 | -9.9% |
| Recurring financial charges | 65 | €6,346 | €5,716 | -€630 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €14,125 | €19,266 | +€5,141 | +36.4% |
| Profit (loss) for the period | 9904 | €14,125 | €19,266 | +€5,141 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,125 | €19,266 | +€5,141 | +36.4% |
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.