IMMO VRINS: 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 VRINS
Largest movements
- Current investments -€502,346
down €502,346 (-44.9%), from €1.1m to €616,708
- Receivables within one year +€225,139
up €225,139 (+98.8%), from €227,880 to €453,019
of which Other amounts receivable: +€202,826
- Cash -€74,540
down €74,540 (-33.5%), from €222,773 to €148,233
mainly Other debts (-€773,447) and Receivables within one year (-€225,139)
- Tangible fixed assets -€51,619
down €51,619 (-2.0%), from €2.6m to €2.5m
of which Plant, machinery and equipment: -€105,295
- Other debts -€773,447
down €773,447 (-97.5%), from €793,466 to €20,019
- Reserves +€389,538
up €389,538 (+15.6%), from €2.5m to €2.9m
of which Distributable reserves: +€389,538
- Debts after one year -€74,313
down €74,313 (-15.6%), from €475,234 to €400,920
- Financial charges -€45,036
down €45,036 (-62.5%), from €72,096 to €27,060
- Depreciation +€37,860
up €37,860 (+19.6%), from €192,843 to €230,703
- Taxes +€20,236
up €20,236 (+13.3%), from €152,328 to €172,564
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 | €4,176,147 | €3,762,487 | -€413,660 | -9.9% |
| Fixed assets | 21/28 | €2,596,146 | €2,544,527 | -€51,619 | -2.0% |
| Tangible fixed assets | 22/27 | €2,596,146 | €2,544,527 | -€51,619 | -2.0% |
| Land and buildings | 22 | €2,127,543 | €2,079,369 | -€48,174 | -2.3% |
| Plant, machinery and equipment | 23 | €335,983 | €230,688 | -€105,295 | -31.3% |
| Furniture and vehicles | 24 | €132,620 | €234,470 | +€101,850 | +76.8% |
| Current assets | 29/58 | €1,580,002 | €1,217,960 | -€362,041 | -22.9% |
| Amounts receivable within one year | 40/41 | €227,880 | €453,019 | +€225,139 | +98.8% |
| Trade receivables | 40 | €227,880 | €250,193 | +€22,313 | +9.8% |
| Other amounts receivable | 41 | - | €202,826 | +€202,826 | |
| Current investments | 50/53 | €1,119,054 | €616,708 | -€502,346 | -44.9% |
| Cash at bank and in hand | 54/58 | €222,773 | €148,233 | -€74,540 | -33.5% |
| Deferred charges and accrued income | 490/1 | €10,294 | €0 | -€10,294 | -100% |
| Total equity and liabilities | 10/49 | €4,176,147 | €3,762,487 | -€413,660 | -9.9% |
| Equity | 10/15 | €2,693,537 | €3,083,075 | +€389,538 | +14.5% |
| Contributions | 10/11 | €198,250 | €198,250 | = | 0.0% |
| Reserves | 13 | €2,495,287 | €2,884,825 | +€389,538 | +15.6% |
| Tax-exempt reserves | 132 | €51,000 | €51,000 | = | 0.0% |
| Distributable reserves | 133 | €2,444,287 | €2,833,825 | +€389,538 | +15.9% |
| Amounts payable | 17/49 | €1,482,610 | €679,412 | -€803,198 | -54.2% |
| Amounts payable after more than one year | 17 | €475,234 | €400,920 | -€74,313 | -15.6% |
| Financial debts | 170/4 | €475,234 | €400,920 | -€74,313 | -15.6% |
| Amounts payable within one year | 42/48 | €1,007,377 | €277,493 | -€729,883 | -72.5% |
| Current portion of amounts payable after more than one year | 42 | €128,682 | €149,320 | +€20,638 | +16.0% |
| Financial debts | 43 | €33,333 | €31,916 | -€1,418 | -4.3% |
| Credit institutions | 430/8 | €33,333 | €31,916 | -€1,418 | -4.3% |
| Trade debts | 44 | €8,098 | €5,054 | -€3,043 | -37.6% |
| Suppliers | 440/4 | €8,098 | €5,054 | -€3,043 | -37.6% |
| Taxes, remuneration and social security | 45 | €43,798 | €71,184 | +€27,386 | +62.5% |
| Taxes | 450/3 | €43,798 | €68,234 | +€24,436 | +55.8% |
| Remuneration and social security | 454/9 | - | €2,950 | +€2,950 | |
| Other amounts payable | 47/48 | €793,466 | €20,019 | -€773,447 | -97.5% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,843 | €230,703 | +€37,860 | +19.6% |
| Other operating charges | 640/8 | €7,966 | €13,070 | +€5,104 | +64.1% |
| Gross operating margin | 9900 | €816,343 | €812,369 | -€3,974 | -0.5% |
| Operating profit (loss) | 9901 | €615,534 | €568,595 | -€46,939 | -7.6% |
| Financial income | 75/76B | €12,660 | €20,567 | +€7,907 | +62.5% |
| Recurring financial income | 75 | €12,660 | €20,567 | +€7,907 | +62.5% |
| Financial charges | 65/66B | €72,096 | €27,060 | -€45,036 | -62.5% |
| Recurring financial charges | 65 | €72,096 | €27,060 | -€45,036 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €556,098 | €562,102 | +€6,004 | +1.1% |
| Income taxes | 67/77 | €152,328 | €172,564 | +€20,236 | +13.3% |
| Profit (loss) for the period | 9904 | €403,770 | €389,538 | -€14,232 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €403,770 | €389,538 | -€14,232 | -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 17 October 2026 via checked.be.