IMMO VP: 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 VP
Largest movements
- Tangible fixed assets -€68,453
down €68,453 (-5.8%), from €1.2m to €1.1m
- Debts after one year -€46,609
down €46,609 (-5.1%), from €907,210 to €860,600
- Other debts -€15,000
down €15,000 (-3.5%), from €424,543 to €409,543
- Gross operating margin +€52,003
up €52,003 (+78.3%), from €66,440 to €118,443
- Depreciation +€4,880
up €4,880 (+5.6%), from €87,582 to €92,463
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 | €1,182,160 | €1,119,016 | -€63,144 | -5.3% |
| Fixed assets | 21/28 | €1,175,054 | €1,106,601 | -€68,453 | -5.8% |
| Tangible fixed assets | 22/27 | €1,175,054 | €1,106,601 | -€68,453 | -5.8% |
| Land and buildings | 22 | €1,175,054 | €1,106,601 | -€68,453 | -5.8% |
| Current assets | 29/58 | €7,105 | €12,415 | +€5,309 | +74.7% |
| Amounts receivable within one year | 40/41 | €250 | €250 | = | 0.0% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,855 | €12,165 | +€5,309 | +77.4% |
| Total equity and liabilities | 10/49 | €1,182,160 | €1,119,016 | -€63,144 | -5.3% |
| Equity | 10/15 | -€202,583 | -€207,937 | -€5,354 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,783 | -€214,137 | -€5,354 | -2.6% |
| Amounts payable | 17/49 | €1,384,743 | €1,326,953 | -€57,790 | -4.2% |
| Amounts payable after more than one year | 17 | €907,210 | €860,600 | -€46,609 | -5.1% |
| Financial debts | 170/4 | €907,210 | €860,600 | -€46,609 | -5.1% |
| Amounts payable within one year | 42/48 | €470,053 | €459,152 | -€10,901 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €45,510 | €46,609 | +€1,099 | +2.4% |
| Trade debts | 44 | - | €3,000 | +€3,000 | |
| Suppliers | 440/4 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €424,543 | €409,543 | -€15,000 | -3.5% |
| Accrued charges and deferred income | 492/3 | €7,480 | €7,200 | -€280 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,582 | €92,463 | +€4,880 | +5.6% |
| Other operating charges | 640/8 | €5,400 | €5,999 | +€600 | +11.1% |
| Gross operating margin | 9900 | €66,440 | €118,443 | +€52,003 | +78.3% |
| Operating profit (loss) | 9901 | -€26,542 | €19,981 | +€46,523 | |
| Financial income | 75/76B | €168 | €0 | -€168 | -100% |
| Recurring financial income | 75 | €168 | €0 | -€168 | -100% |
| Financial charges | 65/66B | €25,828 | €25,335 | -€493 | -1.9% |
| Recurring financial charges | 65 | €25,828 | €25,335 | -€493 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,203 | -€5,354 | +€46,849 | +89.7% |
| Profit (loss) for the period | 9904 | -€52,203 | -€5,354 | +€46,849 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,203 | -€5,354 | +€46,849 | +89.7% |
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.