IVV IMMO: 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.
IVV IMMO
Largest movements
- Tangible fixed assets -€20,301
down €20,301 (-4.7%), from €432,442 to €412,141
- Cash -€6,182
down €6,182 (-49.6%), from €12,451 to €6,269
mainly Debts after one year (-€32,083) and Trade debts (-€2,624)
- Debts after one year -€32,083
down €32,083 (-9.7%), from €331,775 to €299,692
- Reserves +€8,147
up €8,147 (+81.0%), from €10,060 to €18,207
- Gross operating margin +€2,023
up €2,023 (+4.4%), from €45,775 to €47,798
- Taxes +€493
up €493 (+44.1%), from €1,117 to €1,610
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 | €444,893 | €418,410 | -€26,483 | -6.0% |
| Fixed assets | 21/28 | €432,442 | €412,141 | -€20,301 | -4.7% |
| Tangible fixed assets | 22/27 | €432,442 | €412,141 | -€20,301 | -4.7% |
| Land and buildings | 22 | €432,442 | €412,141 | -€20,301 | -4.7% |
| Current assets | 29/58 | €12,451 | €6,269 | -€6,182 | -49.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,451 | €6,269 | -€6,182 | -49.6% |
| Total equity and liabilities | 10/49 | €444,893 | €418,410 | -€26,483 | -6.0% |
| Equity | 10/15 | €19,985 | €24,407 | +€4,422 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,060 | €18,207 | +€8,147 | +81.0% |
| Distributable reserves | 133 | €10,060 | €18,207 | +€8,147 | +81.0% |
| Profit (loss) carried forward | 14 | €3,725 | €0 | -€3,725 | -100% |
| Amounts payable | 17/49 | €424,908 | €394,003 | -€30,905 | -7.3% |
| Amounts payable after more than one year | 17 | €331,775 | €299,692 | -€32,083 | -9.7% |
| Financial debts | 170/4 | €331,775 | €299,692 | -€32,083 | -9.7% |
| Amounts payable within one year | 42/48 | €93,133 | €93,276 | +€143 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €30,925 | €32,083 | +€1,158 | +3.7% |
| Trade debts | 44 | €9,328 | €6,703 | -€2,624 | -28.1% |
| Suppliers | 440/4 | €9,328 | €6,703 | -€2,624 | -28.1% |
| Taxes, remuneration and social security | 45 | €1,117 | €2,726 | +€1,610 | +144% |
| Taxes | 450/3 | €1,117 | €2,726 | +€1,610 | +144% |
| Other amounts payable | 47/48 | €51,763 | €51,763 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,035 | +€1,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,301 | €20,301 | = | 0.0% |
| Other operating charges | 640/8 | €7,121 | €7,290 | +€169 | +2.4% |
| Gross operating margin | 9900 | €45,775 | €47,798 | +€2,023 | +4.4% |
| Operating profit (loss) | 9901 | €18,353 | €20,207 | +€1,854 | +10.1% |
| Financial charges | 65/66B | €14,255 | €14,176 | -€79 | -0.6% |
| Recurring financial charges | 65 | €14,255 | €14,176 | -€79 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €4,098 | €6,031 | +€1,933 | +47.2% |
| Income taxes | 67/77 | €1,117 | €1,610 | +€493 | +44.1% |
| Profit (loss) for the period | 9904 | €2,981 | €4,422 | +€1,440 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,981 | €4,422 | +€1,440 | +48.3% |
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 19 October 2026 via checked.be.