Immo Vrijsen: 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 Vrijsen
Largest movements
- Receivables within one year +€11,061
up €11,061 (+33.1%), from €33,418 to €44,479
of which Trade receivables: +€22,484
- Cash +€9,993
up €9,993 (+533%), from €1,877 to €11,870
mainly Net result for the year (+€21,900) and Tax, wage and social debts (+€14,623)
- Tangible fixed assets +€5,035
up €5,035 (+5.8%), from €87,529 to €92,563
of which Land and buildings: +€62,184
- Reserves +€22,934
up €22,934 (+28.0%), from €81,914 to €104,848
- Tax, wage and social debts +€14,623
up €14,623 (+80.5%), from €18,165 to €32,788
- Trade debts -€10,262
down €10,262 (-82.1%), from €12,504 to €2,242
- Other debts -€4,893
down €4,893 (-46.6%), from €10,500 to €5,607
- Accrued charges and deferred income +€3,980
new in 2025: €3,980
- Financial charges -€1,268
down €1,268 (-45.6%), from €2,779 to €1,512
- Taxes +€780
up €780 (+5.7%), from €13,577 to €14,357
- Other operating charges +€606
up €606 (+22.7%), from €2,670 to €3,276
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 | €125,582 | €151,964 | +€26,382 | +21.0% |
| Fixed assets | 21/28 | €88,529 | €93,563 | +€5,035 | +5.7% |
| Tangible fixed assets | 22/27 | €87,529 | €92,563 | +€5,035 | +5.8% |
| Land and buildings | 22 | €10,886 | €73,070 | +€62,184 | +571% |
| Plant, machinery and equipment | 23 | €3,577 | €3,058 | -€519 | -14.5% |
| Furniture and vehicles | 24 | €26,925 | €16,436 | -€10,489 | -39.0% |
| Assets under construction and advance payments | 27 | €46,141 | - | -€46,141 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €37,053 | €58,401 | +€21,347 | +57.6% |
| Amounts receivable within one year | 40/41 | €33,418 | €44,479 | +€11,061 | +33.1% |
| Trade receivables | 40 | €21,995 | €44,479 | +€22,484 | +102% |
| Other amounts receivable | 41 | €11,423 | - | -€11,423 | |
| Cash at bank and in hand | 54/58 | €1,877 | €11,870 | +€9,993 | +533% |
| Deferred charges and accrued income | 490/1 | €1,759 | €2,052 | +€293 | +16.7% |
| Total equity and liabilities | 10/49 | €125,582 | €151,964 | +€26,382 | +21.0% |
| Equity | 10/15 | €84,414 | €107,348 | +€22,934 | +27.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €81,914 | €104,848 | +€22,934 | +28.0% |
| Distributable reserves | 133 | €81,914 | €104,848 | +€22,934 | +28.0% |
| Amounts payable | 17/49 | €41,168 | €44,616 | +€3,448 | +8.4% |
| Amounts payable within one year | 42/48 | €41,168 | €40,637 | -€532 | -1.3% |
| Trade debts | 44 | €12,504 | €2,242 | -€10,262 | -82.1% |
| Suppliers | 440/4 | €12,504 | €2,242 | -€10,262 | -82.1% |
| Taxes, remuneration and social security | 45 | €18,165 | €32,788 | +€14,623 | +80.5% |
| Taxes | 450/3 | €18,165 | €32,788 | +€14,623 | +80.5% |
| Other amounts payable | 47/48 | €10,500 | €5,607 | -€4,893 | -46.6% |
| Accrued charges and deferred income | 492/3 | - | €3,980 | +€3,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,291 | €13,354 | +€63 | +0.5% |
| Other operating charges | 640/8 | €2,670 | €3,276 | +€606 | +22.7% |
| Non-recurring operating charges | 66A | - | €197 | +€197 | |
| Gross operating margin | 9900 | €54,701 | €54,595 | -€107 | -0.2% |
| Operating profit (loss) | 9901 | €38,740 | €37,768 | -€972 | -2.5% |
| Financial income | 75/76B | €312 | €0 | -€312 | -100.0% |
| Recurring financial income | 75 | €312 | €0 | -€312 | -100.0% |
| Financial charges | 65/66B | €2,779 | €1,512 | -€1,268 | -45.6% |
| Recurring financial charges | 65 | €2,779 | €1,512 | -€1,268 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €36,272 | €36,256 | -€16 | 0.0% |
| Income taxes | 67/77 | €13,577 | €14,357 | +€780 | +5.7% |
| Profit (loss) for the period | 9904 | €22,696 | €21,900 | -€796 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,696 | €21,900 | -€796 | -3.5% |
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 14 October 2026 via checked.be.