V-J 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.
V-J IMMO
Largest movements
- Tangible fixed assets -€8,558
down €8,558 (-2.6%), from €330,398 to €321,840
- Debts after one year -€18,943
down €18,943 (-8.5%), from €222,829 to €203,885
- Other debts +€9,179
up €9,179 (+23.3%), from €39,466 to €48,645
- Taxes +€1,873
up €1,873 (+33.1%), from €5,650 to €7,523
- Gross operating margin +€1,519
up €1,519 (+3.4%), from €44,647 to €46,166
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 | €338,106 | €328,792 | -€9,313 | -2.8% |
| Fixed assets | 21/28 | €330,398 | €321,840 | -€8,558 | -2.6% |
| Tangible fixed assets | 22/27 | €330,398 | €321,840 | -€8,558 | -2.6% |
| Land and buildings | 22 | €330,398 | €321,840 | -€8,558 | -2.6% |
| Current assets | 29/58 | €7,708 | €6,952 | -€756 | -9.8% |
| Amounts receivable within one year | 40/41 | €850 | €0 | -€850 | -100.0% |
| Other amounts receivable | 41 | €850 | €0 | -€850 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,858 | €6,952 | +€94 | +1.4% |
| Total equity and liabilities | 10/49 | €338,106 | €328,792 | -€9,313 | -2.8% |
| Equity | 10/15 | €57,196 | €57,196 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,596 | €38,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €727 | €727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €727 | €727 | = | 0.0% |
| Distributable reserves | 133 | €37,869 | €37,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €280,910 | €271,596 | -€9,313 | -3.3% |
| Amounts payable after more than one year | 17 | €222,829 | €203,885 | -€18,943 | -8.5% |
| Financial debts | 170/4 | €222,829 | €203,885 | -€18,943 | -8.5% |
| Amounts payable within one year | 42/48 | €58,081 | €67,711 | +€9,630 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €18,615 | €18,943 | +€328 | +1.8% |
| Taxes, remuneration and social security | 45 | - | €123 | +€123 | |
| Taxes | 450/3 | - | €123 | +€123 | |
| Other amounts payable | 47/48 | €39,466 | €48,645 | +€9,179 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,558 | €8,558 | = | 0.0% |
| Other operating charges | 640/8 | €3,264 | €3,346 | +€82 | +2.5% |
| Gross operating margin | 9900 | €44,647 | €46,166 | +€1,519 | +3.4% |
| Operating profit (loss) | 9901 | €32,826 | €34,262 | +€1,437 | +4.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,575 | €4,171 | -€405 | -8.8% |
| Recurring financial charges | 65 | €4,575 | €4,171 | -€405 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €28,250 | €30,092 | +€1,842 | +6.5% |
| Income taxes | 67/77 | €5,650 | €7,523 | +€1,873 | +33.1% |
| Profit (loss) for the period | 9904 | €22,600 | €22,569 | -€31 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,600 | €22,569 | -€31 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.