L. VREYS 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.
L. VREYS IMMO
Largest movements
- Receivables within one year +€251,416
up €251,416 (+7,384%), from €3,405 to €254,821
of which Trade receivables: +€251,689
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€153,350
down €153,350 (-27.2%), from €564,090 to €410,740
of which Land and buildings: -€89,826
- Cash +€119,926
up €119,926 (+256%), from €46,816 to €166,742
mainly Net result for the year (+€305,361) and Investment in fixed assets (net) (+€153,350)
- Reserves +€353,232
up €353,232 (+564%), from €62,683 to €415,915
of which Tax-exempt reserves: +€353,232
- Provisions +€117,744
new in 2025: €117,744
- Profit (loss) carried forward -€47,871
down €47,871 (-106%), from -€45,021 to -€92,892
- Debts after one year -€15,286
down €15,286 (-5.3%), from €286,551 to €271,265
- Financial income +€470,048
up €470,048 (+37,365%), from €1,258 to €471,306
of which Non-recurring financial income: +€470,976
- Gross operating margin -€31,950
down €31,950 (-9,741%), from -€328 to -€32,278
- Financial charges +€11,015
up €11,015 (+838%), from €1,315 to €12,330
- Depreciation -€6,133
no longer reported in 2025 (was €6,133)
- Other operating charges +€3,177
up €3,177 (+764%), from €416 to €3,593
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 | €621,836 | €1,033,245 | +€411,409 | +66.2% |
| Fixed assets | 21/28 | €564,090 | €410,740 | -€153,350 | -27.2% |
| Tangible fixed assets | 22/27 | €564,090 | €410,740 | -€153,350 | -27.2% |
| Land and buildings | 22 | €500,566 | €410,740 | -€89,826 | -17.9% |
| Plant, machinery and equipment | 23 | €33,856 | - | -€33,856 | |
| Furniture and vehicles | 24 | €29,668 | - | -€29,668 | |
| Current assets | 29/58 | €57,746 | €622,505 | +€564,759 | +978% |
| Amounts receivable after more than one year | 29 | €97 | €97 | = | 0.0% |
| Other amounts receivable | 291 | €97 | €97 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,405 | €254,821 | +€251,416 | +7,384% |
| Trade receivables | 40 | - | €251,689 | +€251,689 | |
| Other amounts receivable | 41 | €3,405 | €3,132 | -€273 | -8.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €46,816 | €166,742 | +€119,926 | +256% |
| Deferred charges and accrued income | 490/1 | €7,428 | €845 | -€6,583 | -88.6% |
| Total equity and liabilities | 10/49 | €621,836 | €1,033,245 | +€411,409 | +66.2% |
| Equity | 10/15 | €320,862 | €626,223 | +€305,361 | +95.2% |
| Contributions | 10/11 | €303,200 | €303,200 | = | 0.0% |
| Capital | 10 | €303,200 | €303,200 | = | 0.0% |
| Issued capital | 100 | €303,200 | €303,200 | = | 0.0% |
| Reserves | 13 | €62,683 | €415,915 | +€353,232 | +564% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €353,232 | +€353,232 | |
| Distributable reserves | 133 | €56,483 | €56,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,021 | -€92,892 | -€47,871 | -106% |
| Provisions and deferred taxes | 16 | - | €117,744 | +€117,744 | |
| Provisions for liabilities and charges | 160/5 | - | €117,744 | +€117,744 | |
| Taxes | 161 | - | €117,744 | +€117,744 | |
| Amounts payable | 17/49 | €300,974 | €289,278 | -€11,696 | -3.9% |
| Amounts payable after more than one year | 17 | €286,551 | €271,265 | -€15,286 | -5.3% |
| Financial debts | 170/4 | €286,551 | €271,265 | -€15,286 | -5.3% |
| Amounts payable within one year | 42/48 | €14,423 | €18,013 | +€3,590 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €13,449 | €15,285 | +€1,836 | +13.7% |
| Trade debts | 44 | €739 | €909 | +€170 | +23.0% |
| Suppliers | 440/4 | €739 | €909 | +€170 | +23.0% |
| Taxes, remuneration and social security | 45 | €144 | €144 | = | 0.0% |
| Taxes | 450/3 | €144 | €144 | = | 0.0% |
| Other amounts payable | 47/48 | €91 | €1,675 | +€1,584 | +1,741% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,133 | - | -€6,133 | |
| Other operating charges | 640/8 | €416 | €3,593 | +€3,177 | +764% |
| Gross operating margin | 9900 | -€328 | -€32,278 | -€31,950 | -9,741% |
| Operating profit (loss) | 9901 | -€6,877 | -€35,871 | -€28,994 | -422% |
| Financial income | 75/76B | €1,258 | €471,306 | +€470,048 | +37,365% |
| Recurring financial income | 75 | €1,258 | €330 | -€928 | -73.8% |
| Non-recurring financial income | 76B | - | €470,976 | +€470,976 | |
| Financial charges | 65/66B | €1,315 | €12,330 | +€11,015 | +838% |
| Recurring financial charges | 65 | €1,315 | €12,330 | +€11,015 | +838% |
| Profit (loss) for the period before taxes | 9903 | -€6,934 | €423,105 | +€430,039 | |
| Transfer to deferred taxes | 680 | - | €117,744 | +€117,744 | |
| Profit (loss) for the period | 9904 | -€6,934 | €305,361 | +€312,295 | |
| Transfer to tax-exempt reserves | 689 | - | €353,232 | +€353,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,934 | -€47,871 | -€40,937 | -590% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.