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
- Stocks and contracts +€126,736
up €126,736 (+41.2%), from €307,698 to €434,434
of which Stocks: +€204,434
- Receivables within one year -€71,578
down €71,578 (-94.2%), from €76,009 to €4,431
of which Trade receivables: -€72,790
- Deferred charges and accrued income -€8,120
down €8,120 (-92.0%), from €8,829 to €708
- Short-term financial debts +€184,118
up €184,118, from €0 to €184,118
- Current portion of long-term debt -€90,000
down €90,000 (-64.4%), from €139,675 to €49,675
- Trade debts -€74,891
down €74,891 (-98.9%), from €75,756 to €865
- Other debts +€70,987
up €70,987 (+70.5%), from €100,635 to €171,622
- Profit (loss) carried forward -€41,624
down €41,624 (-325.4%), from -€12,793 to -€54,417
- Gross operating margin -€48,569
down €48,569, from €20,736 to -€27,833
- Other operating charges +€2,001
up €2,001 (+1058.9%), from €189 to €2,190
- Financial charges +€1,006
up €1,006 (+9.5%), from €10,605 to €11,611
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 | €394,380 | €440,864 | +€46,484 | +11.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,030 | €1,030 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €393,350 | €439,834 | +€46,484 | +11.8% |
| Stocks and contracts in progress | 3 | €307,698 | €434,434 | +€126,736 | +41.2% |
| Stocks | 30/36 | €0 | €204,434 | +€204,434 | |
| Contracts in progress | 37 | €307,698 | €230,000 | -€77,698 | -25.3% |
| Amounts receivable within one year | 40/41 | €76,009 | €4,431 | -€71,578 | -94.2% |
| Trade receivables | 40 | €74,011 | €1,221 | -€72,790 | -98.4% |
| Other amounts receivable | 41 | €1,999 | €3,210 | +€1,212 | +60.6% |
| Cash at bank and in hand | 54/58 | €814 | €260 | -€554 | -68.0% |
| Deferred charges and accrued income | 490/1 | €8,829 | €708 | -€8,120 | -92.0% |
| Total equity and liabilities | 10/49 | €394,380 | €440,864 | +€46,484 | +11.8% |
| Equity | 10/15 | €73,207 | €31,583 | -€41,624 | -56.9% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,793 | -€54,417 | -€41,624 | -325.4% |
| Amounts payable | 17/49 | €321,173 | €409,281 | +€88,108 | +27.4% |
| Amounts payable after more than one year | 17 | €2,060 | €2,060 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €2,060 | €2,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,015 | €406,324 | +€87,309 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €139,675 | €49,675 | -€90,000 | -64.4% |
| Financial debts | 43 | €0 | €184,118 | +€184,118 | |
| Credit institutions | 430/8 | €0 | €184,118 | +€184,118 | |
| Trade debts | 44 | €75,756 | €865 | -€74,891 | -98.9% |
| Suppliers | 440/4 | €75,756 | €865 | -€74,891 | -98.9% |
| Taxes, remuneration and social security | 45 | €2,949 | €44 | -€2,904 | -98.5% |
| Taxes | 450/3 | €2,949 | €44 | -€2,904 | -98.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,635 | €171,622 | +€70,987 | +70.5% |
| Accrued charges and deferred income | 492/3 | €99 | €898 | +€799 | +811.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | - | -€25 | |
| Other operating charges | 640/8 | €189 | €2,190 | +€2,001 | +1058.9% |
| Gross operating margin | 9900 | €20,736 | -€27,833 | -€48,569 | |
| Operating profit (loss) | 9901 | €20,521 | -€30,024 | -€50,545 | |
| Financial income | 75/76B | €22 | €10 | -€12 | -53.1% |
| Recurring financial income | 75 | €22 | €10 | -€12 | -53.1% |
| Financial charges | 65/66B | €10,605 | €11,611 | +€1,006 | +9.5% |
| Recurring financial charges | 65 | €10,605 | €11,611 | +€1,006 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €9,939 | -€41,624 | -€51,563 | |
| Profit (loss) for the period | 9904 | €9,939 | -€41,624 | -€51,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,939 | -€41,624 | -€51,563 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.