IMMO VV4: 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 VV4
Largest movements
- Tangible fixed assets -€30,911
down €30,911 (-7.2%), from €428,998 to €398,087
- Receivables within one year +€22,079
up €22,079 (+22.1%), from €99,973 to €122,053
of which Other amounts receivable: +€26,164
- Profit (loss) carried forward +€40,450
up €40,450 (+30.6%), from €132,403 to €172,853
- Debts after one year -€19,971
down €19,971 (-7.4%), from €270,984 to €251,013
- Tax, wage and social debts -€12,552
down €12,552 (-92.9%), from €13,512 to €960
- Current portion of long-term debt -€12,013
down €12,013 (-31.9%), from €37,714 to €25,700
- Gross operating margin +€5,730
up €5,730 (+5.8%), from €99,485 to €105,215
- Other operating charges -€1,115
down €1,115 (-21.4%), from €5,220 to €4,104
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 | €530,882 | €524,626 | -€6,256 | -1.2% |
| Fixed assets | 21/28 | €428,998 | €398,087 | -€30,911 | -7.2% |
| Tangible fixed assets | 22/27 | €428,998 | €398,087 | -€30,911 | -7.2% |
| Land and buildings | 22 | €428,998 | €398,087 | -€30,911 | -7.2% |
| Current assets | 29/58 | €101,884 | €126,539 | +€24,655 | +24.2% |
| Amounts receivable within one year | 40/41 | €99,973 | €122,053 | +€22,079 | +22.1% |
| Trade receivables | 40 | €12,699 | €8,615 | -€4,085 | -32.2% |
| Other amounts receivable | 41 | €87,274 | €113,438 | +€26,164 | +30.0% |
| Cash at bank and in hand | 54/58 | €855 | €4,486 | +€3,631 | +424.7% |
| Deferred charges and accrued income | 490/1 | €1,056 | - | -€1,056 | |
| Total equity and liabilities | 10/49 | €530,882 | €524,626 | -€6,256 | -1.2% |
| Equity | 10/15 | €154,403 | €194,853 | +€40,450 | +26.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,403 | €172,853 | +€40,450 | +30.6% |
| Amounts payable | 17/49 | €376,478 | €329,773 | -€46,706 | -12.4% |
| Amounts payable after more than one year | 17 | €270,984 | €251,013 | -€19,971 | -7.4% |
| Financial debts | 170/4 | €270,984 | €251,013 | -€19,971 | -7.4% |
| Amounts payable within one year | 42/48 | €105,274 | €78,759 | -€26,515 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €37,714 | €25,700 | -€12,013 | -31.9% |
| Financial debts | 43 | €39 | - | -€39 | |
| Credit institutions | 430/8 | €39 | - | -€39 | |
| Trade debts | 44 | €10,659 | €7,930 | -€2,729 | -25.6% |
| Suppliers | 440/4 | €10,659 | €7,930 | -€2,729 | -25.6% |
| Taxes, remuneration and social security | 45 | €13,512 | €960 | -€12,552 | -92.9% |
| Taxes | 450/3 | €13,512 | €960 | -€12,552 | -92.9% |
| Other amounts payable | 47/48 | €43,350 | €44,168 | +€818 | +1.9% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,911 | €30,911 | = | 0.0% |
| Other operating charges | 640/8 | €5,220 | €4,104 | -€1,115 | -21.4% |
| Gross operating margin | 9900 | €99,485 | €105,215 | +€5,730 | +5.8% |
| Operating profit (loss) | 9901 | €63,354 | €70,200 | +€6,846 | +10.8% |
| Financial income | 75/76B | €0 | €296 | +€296 | +1477600.0% |
| Recurring financial income | 75 | €0 | €296 | +€296 | +1477600.0% |
| Financial charges | 65/66B | €12,678 | €12,337 | -€340 | -2.7% |
| Recurring financial charges | 65 | €12,678 | €12,337 | -€340 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €50,676 | €58,158 | +€7,482 | +14.8% |
| Income taxes | 67/77 | €18,752 | €17,708 | -€1,044 | -5.6% |
| Profit (loss) for the period | 9904 | €31,924 | €40,450 | +€8,526 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,924 | €40,450 | +€8,526 | +26.7% |
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 9 October 2026 via checked.be.