V.P. IMMO: what changed
Two fiscal 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.P. IMMO
Largest movements
- Cash +€240,796
up €240,796 (+2214.2%), from €10,875 to €251,671
mainly Net result for the year (+€213,161) and Depreciation (+€24,526)
- Tangible fixed assets -€22,046
down €22,046 (-4.4%), from €506,590 to €484,544
of which Land and buildings: -€23,742
- Profit (loss) carried forward +€213,161
up €213,161 (+310.7%), from €68,604 to €281,765
- Financial income +€236,961
new in 2025: €236,961
of which Financial income: +€236,961
- Gross operating margin -€17,126
down €17,126 (-54.5%), from €31,415 to €14,289
- Financial charges +€10,471
up €10,471 (+14343.8%), from €73 to €10,544
of which Non-recurring financial charges: +€10,488
- Purchases and services +€9,960
up €9,960 (+84.6%), from €11,767 to €21,727
- Turnover -€7,165
down €7,165 (-16.6%), from €43,182 to €36,017
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 | €531,346 | €750,344 | +€218,998 | +41.2% |
| Fixed assets | 21/28 | €520,215 | €498,169 | -€22,046 | -4.2% |
| Tangible fixed assets | 22/27 | €506,590 | €484,544 | -€22,046 | -4.4% |
| Land and buildings | 22 | €440,454 | €416,712 | -€23,742 | -5.4% |
| Plant, machinery and equipment | 23 | €66,136 | €67,832 | +€1,696 | +2.6% |
| Financial fixed assets | 28 | €13,625 | €13,625 | = | 0.0% |
| Current assets | 29/58 | €11,131 | €252,175 | +€241,044 | +2165.5% |
| Amounts receivable within one year | 40/41 | €256 | €504 | +€248 | +96.9% |
| Other amounts receivable | 41 | €256 | €504 | +€248 | +96.9% |
| Cash at bank and in hand | 54/58 | €10,875 | €251,671 | +€240,796 | +2214.2% |
| Total equity and liabilities | 10/49 | €531,346 | €750,344 | +€218,998 | +41.2% |
| Equity | 10/15 | €136,357 | €349,518 | +€213,161 | +156.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €17,753 | €17,753 | = | 0.0% |
| Non-distributable reserves | 130/1 | €432 | - | -€432 | |
| Legal reserve | 130 | €432 | - | -€432 | |
| Tax-exempt reserves | 132 | €17,321 | €17,321 | = | 0.0% |
| Distributable reserves | 133 | - | €432 | +€432 | |
| Profit (loss) carried forward | 14 | €68,604 | €281,765 | +€213,161 | +310.7% |
| Amounts payable | 17/49 | €394,989 | €400,826 | +€5,837 | +1.5% |
| Amounts payable within one year | 42/48 | €394,989 | €400,825 | +€5,836 | +1.5% |
| Trade debts | 44 | - | €3,110 | +€3,110 | |
| Suppliers | 440/4 | - | €3,110 | +€3,110 | |
| Other amounts payable | 47/48 | €394,989 | €397,715 | +€2,726 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €43,182 | €36,017 | -€7,165 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,767 | €21,727 | +€9,960 | +84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,766 | €24,526 | +€2,760 | +12.7% |
| Other operating charges | 640/8 | €1,486 | €3,019 | +€1,533 | +103.2% |
| Gross operating margin | 9900 | €31,415 | €14,289 | -€17,126 | -54.5% |
| Operating profit (loss) | 9901 | €8,163 | -€13,256 | -€21,419 | |
| Financial income | 75/76B | - | €236,961 | +€236,961 | |
| Recurring financial income | 75 | - | €236,961 | +€236,961 | |
| Non-recurring financial income | 76B | - | €236,961 | +€236,961 | |
| Financial charges | 65/66B | €73 | €10,544 | +€10,471 | +14343.8% |
| Recurring financial charges | 65 | €73 | €56 | -€17 | -23.3% |
| Non-recurring financial charges | 66B | - | €10,488 | +€10,488 | |
| Profit (loss) for the period before taxes | 9903 | €8,090 | €213,161 | +€205,071 | +2534.9% |
| Income taxes | 67/77 | €1,664 | - | -€1,664 | |
| Profit (loss) for the period | 9904 | €6,426 | €213,161 | +€206,735 | +3217.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,426 | €213,161 | +€206,735 | +3217.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.