V&R 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&R Immo
Largest movements
- Cash -€183,489
down €183,489 (-98.9%), from €185,589 to €2,101
mainly Trade debts (-€113,879) and Tax, wage and social debts (-€68,887)
- Stocks and contracts +€55,155
up €55,155, from €0 to €55,155
- Receivables within one year -€21,901
down €21,901 (-59.4%), from €36,885 to €14,985
of which Trade receivables: -€35,895
- Trade debts -€113,879
down €113,879 (-99.9%), from €113,979 to €100
- Tax, wage and social debts -€68,887
down €68,887 (-100%), from €68,887 to €0
- Debts after one year +€64,488
up €64,488 (+104%), from €62,251 to €126,738
of which Other amounts payable: +€64,488
- Profit (loss) carried forward -€34,835
down €34,835 (-168%), from -€20,763 to -€55,598
- Financial charges -€21,775
down €21,775 (-77.0%), from €28,281 to €6,506
- Gross operating margin -€17,027
down €17,027, from €15,100 to -€1,927
- Financial income -€3,157
down €3,157 (-95.6%), from €3,300 to €144
- Other operating charges +€742
up €742 (+145%), from €513 to €1,255
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 | €225,355 | €72,241 | -€153,114 | -67.9% |
| Fixed assets | 21/28 | €1,044 | €0 | -€1,044 | -100% |
| Financial fixed assets | 28 | €1,044 | €0 | -€1,044 | -100% |
| Current assets | 29/58 | €224,311 | €72,241 | -€152,070 | -67.8% |
| Stocks and contracts in progress | 3 | €0 | €55,155 | +€55,155 | |
| Stocks | 30/36 | €0 | €55,155 | +€55,155 | |
| Amounts receivable within one year | 40/41 | €36,885 | €14,985 | -€21,901 | -59.4% |
| Trade receivables | 40 | €35,895 | €0 | -€35,895 | -100% |
| Other amounts receivable | 41 | €990 | €14,985 | +€13,995 | +1,414% |
| Cash at bank and in hand | 54/58 | €185,589 | €2,101 | -€183,489 | -98.9% |
| Deferred charges and accrued income | 490/1 | €1,836 | €0 | -€1,836 | -100% |
| Total equity and liabilities | 10/49 | €225,355 | €72,241 | -€153,114 | -67.9% |
| Equity | 10/15 | -€19,763 | -€54,598 | -€34,835 | -176% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,763 | -€55,598 | -€34,835 | -168% |
| Amounts payable | 17/49 | €245,117 | €126,838 | -€118,279 | -48.3% |
| Amounts payable after more than one year | 17 | €62,251 | €126,738 | +€64,488 | +104% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €62,251 | €126,738 | +€64,488 | +104% |
| Amounts payable within one year | 42/48 | €182,867 | €100 | -€182,767 | -99.9% |
| Trade debts | 44 | €113,979 | €100 | -€113,879 | -99.9% |
| Suppliers | 440/4 | €113,979 | €100 | -€113,879 | -99.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €68,887 | €0 | -€68,887 | -100% |
| Taxes | 450/3 | €68,887 | €0 | -€68,887 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €513 | €1,255 | +€742 | +145% |
| Non-recurring operating charges | 66A | - | €25,290 | +€25,290 | |
| Gross operating margin | 9900 | €15,100 | -€1,927 | -€17,027 | |
| Operating profit (loss) | 9901 | €14,587 | -€28,472 | -€43,059 | |
| Financial income | 75/76B | €3,300 | €144 | -€3,157 | -95.6% |
| Recurring financial income | 75 | €3,300 | €144 | -€3,157 | -95.6% |
| Financial charges | 65/66B | €28,281 | €6,506 | -€21,775 | -77.0% |
| Recurring financial charges | 65 | €28,281 | €6,506 | -€21,775 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,394 | -€34,835 | -€24,440 | -235% |
| Profit (loss) for the period | 9904 | -€10,394 | -€34,835 | -€24,440 | -235% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,394 | -€34,835 | -€24,440 | -235% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.