IMMO VRA: 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 VRA
Largest movements
- Cash +€80,673
up €80,673 (+652.6%), from €12,362 to €93,035
mainly Receivables within one year (+€68,818) and Depreciation (+€13,844)
- Receivables within one year -€68,818
down €68,818 (-67.8%), from €101,524 to €32,706
of which Trade receivables: -€69,999
- Tangible fixed assets -€13,844
down €13,844 (-5.6%), from €245,900 to €232,057
of which Land and buildings: -€11,742
- Tax, wage and social debts -€15,568
down €15,568 (-69.2%), from €22,483 to €6,915
- Other debts +€12,596
up €12,596 (+12.7%), from €99,423 to €112,019
- Gross operating margin -€3,179
down €3,179 (-7.0%), from €45,641 to €42,462
- Taxes -€2,206
down €2,206 (-30.1%), from €7,336 to €5,129
- Financial charges +€630
up €630 (+9.8%), from €6,400 to €7,030
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.
Cash bridge derived
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 | €359,786 | €357,798 | -€1,988 | -0.6% |
| Fixed assets | 21/28 | €245,900 | €232,057 | -€13,844 | -5.6% |
| Tangible fixed assets | 22/27 | €245,900 | €232,057 | -€13,844 | -5.6% |
| Land and buildings | 22 | €229,091 | €217,349 | -€11,742 | -5.1% |
| Other tangible fixed assets | 26 | €16,810 | €14,708 | -€2,101 | -12.5% |
| Current assets | 29/58 | €113,886 | €125,742 | +€11,856 | +10.4% |
| Amounts receivable within one year | 40/41 | €101,524 | €32,706 | -€68,818 | -67.8% |
| Trade receivables | 40 | €99,281 | €29,282 | -€69,999 | -70.5% |
| Other amounts receivable | 41 | €2,243 | €3,424 | +€1,181 | +52.6% |
| Cash at bank and in hand | 54/58 | €12,362 | €93,035 | +€80,673 | +652.6% |
| Total equity and liabilities | 10/49 | €359,786 | €357,798 | -€1,988 | -0.6% |
| Equity | 10/15 | €237,725 | €238,544 | +€819 | +0.3% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Contributions outside capital | 11 | €170,000 | €170,000 | = | 0.0% |
| Share premium | 1100/10 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €67,725 | €68,544 | +€819 | +1.2% |
| Non-distributable reserves | 130/1 | €9,099 | €9,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,099 | €9,099 | = | 0.0% |
| Distributable reserves | 133 | €58,626 | €59,445 | +€819 | +1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €122,061 | €119,254 | -€2,807 | -2.3% |
| Amounts payable within one year | 42/48 | €122,061 | €119,254 | -€2,807 | -2.3% |
| Trade debts | 44 | €155 | €320 | +€166 | +107.0% |
| Suppliers | 440/4 | €155 | €320 | +€166 | +107.0% |
| Taxes, remuneration and social security | 45 | €22,483 | €6,915 | -€15,568 | -69.2% |
| Taxes | 450/3 | €22,483 | €6,915 | -€15,568 | -69.2% |
| Other amounts payable | 47/48 | €99,423 | €112,019 | +€12,596 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,844 | €13,844 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,983 | €2,781 | -€202 | -6.8% |
| Gross operating margin | 9900 | €45,641 | €42,462 | -€3,179 | -7.0% |
| Operating profit (loss) | 9901 | €28,814 | €25,838 | -€2,976 | -10.3% |
| Financial charges | 65/66B | €6,400 | €7,030 | +€630 | +9.8% |
| Recurring financial charges | 65 | €6,400 | €7,030 | +€630 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €22,414 | €18,807 | -€3,607 | -16.1% |
| Income taxes | 67/77 | €7,336 | €5,129 | -€2,206 | -30.1% |
| Profit (loss) for the period | 9904 | €15,078 | €13,678 | -€1,400 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,078 | €13,678 | -€1,400 | -9.3% |
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 9 October 2026 via checked.be.