V.P.R. IMMO: what changed
What changed
V.P.R. IMMO
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€9,898
2024 · €10,612-€714
Equity
€221,362
2024 · €211,464+€9,898
Cash
€186,929
2024 · €147,448+€39,481
Balance sheet total
€601,143
2024 · €591,485+€9,659
Largest movements
Assets
- Cash +€39,481
up €39,481 (+26.8%), from €147,448 to €186,929
mainly Depreciation (+€31,376) and Net result for the year (+€9,898)
- Tangible fixed assets -€31,376
down €31,376 (-7.2%), from €435,793 to €404,417
Equity and liabilities
- Reserves +€9,898
up €9,898 (+4.8%), from €205,264 to €215,162
Income statement
- Gross operating margin -€1,421
down €1,421 (-2.7%), from €52,033 to €50,612
- Financial income +€1,125
up €1,125 (+302%), from €372 to €1,497
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,612
Gross operating margin
-€1,421
Other operating charges
-€505
Financial income
+€1,125
Financial charges
-€151
Taxes
+€238
Result 2025
€9,898
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€39,750
Investment
€0
Financing
-€269
Cash 2024
€147,448
From operations (derived)
+€39,750
Net result for the year
+€9,898
Depreciation
+€31,376
Receivables within one year
-€2,632
Deferred charges and accrued income
+€1,079
Trade debts
+€30
Financing
-€269
Debts after one year
-€269
Cash 2025
€186,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,485 | €601,143 | +€9,659 | +1.6% |
| Fixed assets | 21/28 | €435,793 | €404,417 | -€31,376 | -7.2% |
| Tangible fixed assets | 22/27 | €435,793 | €404,417 | -€31,376 | -7.2% |
| Land and buildings | 22 | €435,793 | €404,417 | -€31,376 | -7.2% |
| Current assets | 29/58 | €155,692 | €196,726 | +€41,035 | +26.4% |
| Amounts receivable within one year | 40/41 | €7,165 | €9,797 | +€2,632 | +36.7% |
| Trade receivables | 40 | €210 | €1,195 | +€985 | +469% |
| Other amounts receivable | 41 | €6,955 | €8,602 | +€1,647 | +23.7% |
| Cash at bank and in hand | 54/58 | €147,448 | €186,929 | +€39,481 | +26.8% |
| Deferred charges and accrued income | 490/1 | €1,079 | - | -€1,079 | |
| Total equity and liabilities | 10/49 | €591,485 | €601,143 | +€9,659 | +1.6% |
| Equity | 10/15 | €211,464 | €221,362 | +€9,898 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €205,264 | €215,162 | +€9,898 | +4.8% |
| Distributable reserves | 133 | €205,264 | €215,162 | +€9,898 | +4.8% |
| Amounts payable | 17/49 | €380,021 | €379,782 | -€239 | -0.1% |
| Amounts payable after more than one year | 17 | €13,167 | €12,898 | -€269 | -2.0% |
| Other amounts payable | 178/9 | €13,167 | €12,898 | -€269 | -2.0% |
| Amounts payable within one year | 42/48 | €366,854 | €366,884 | +€30 | 0.0% |
| Trade debts | 44 | €27 | €57 | +€30 | +109% |
| Suppliers | 440/4 | €27 | €57 | +€30 | +109% |
| Other amounts payable | 47/48 | €366,827 | €366,827 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,376 | €31,376 | = | 0.0% |
| Other operating charges | 640/8 | €6,880 | €7,385 | +€505 | +7.3% |
| Gross operating margin | 9900 | €52,033 | €50,612 | -€1,421 | -2.7% |
| Operating profit (loss) | 9901 | €13,778 | €11,851 | -€1,926 | -14.0% |
| Financial income | 75/76B | €372 | €1,497 | +€1,125 | +302% |
| Recurring financial income | 75 | €372 | €1,497 | +€1,125 | +302% |
| Financial charges | 65/66B | €0 | €151 | +€151 | +33,504% |
| Recurring financial charges | 65 | €0 | €151 | +€151 | +33,504% |
| Profit (loss) for the period before taxes | 9903 | €14,149 | €13,197 | -€952 | -6.7% |
| Income taxes | 67/77 | €3,537 | €3,299 | -€238 | -6.7% |
| Profit (loss) for the period | 9904 | €10,612 | €9,898 | -€714 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,612 | €9,898 | -€714 | -6.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.