V2 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.
V2 Immo
Largest movements
- Cash -€27,760
down €27,760 (-75.8%), from €36,606 to €8,846
mainly Investment in fixed assets (net) (-€28,352) and Debts after one year (-€21,000)
- Tangible fixed assets +€10,209
up €10,209 (+1.9%), from €525,915 to €536,123
of which Land and buildings: +€15,813
- Debts after one year -€21,000
down €21,000 (-5.0%), from €423,554 to €402,554
- Other operating charges +€5,325
up €5,325 (+558.5%), from €953 to €6,278
- Gross operating margin -€2,580
down €2,580 (-10.2%), from €25,341 to €22,761
- Financial charges -€453
down €453 (-15.6%), from €2,906 to €2,453
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 | €574,241 | €551,640 | -€22,602 | -3.9% |
| Fixed assets | 21/28 | €525,915 | €536,123 | +€10,209 | +1.9% |
| Tangible fixed assets | 22/27 | €525,915 | €536,123 | +€10,209 | +1.9% |
| Land and buildings | 22 | €514,101 | €529,914 | +€15,813 | +3.1% |
| Plant, machinery and equipment | 23 | €10,781 | €6,209 | -€4,571 | -42.4% |
| Furniture and vehicles | 24 | €1,033 | €0 | -€1,033 | -100.0% |
| Current assets | 29/58 | €48,327 | €15,516 | -€32,810 | -67.9% |
| Amounts receivable within one year | 40/41 | €9,412 | €5,000 | -€4,412 | -46.9% |
| Trade receivables | 40 | €5,021 | - | -€5,021 | |
| Other amounts receivable | 41 | €4,391 | €5,000 | +€609 | +13.9% |
| Cash at bank and in hand | 54/58 | €36,606 | €8,846 | -€27,760 | -75.8% |
| Deferred charges and accrued income | 490/1 | €2,308 | €1,670 | -€639 | -27.7% |
| Total equity and liabilities | 10/49 | €574,241 | €551,640 | -€22,602 | -3.9% |
| Equity | 10/15 | €121,309 | €119,173 | -€2,137 | -1.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €69,250 | €69,250 | = | 0.0% |
| Distributable reserves | 133 | €69,250 | €69,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,941 | -€5,077 | -€2,137 | -72.7% |
| Amounts payable | 17/49 | €452,932 | €432,467 | -€20,465 | -4.5% |
| Amounts payable after more than one year | 17 | €423,554 | €402,554 | -€21,000 | -5.0% |
| Financial debts | 170/4 | €423,554 | €402,554 | -€21,000 | -5.0% |
| Amounts payable within one year | 42/48 | €29,302 | €29,836 | +€534 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €3,320 | €540 | -€2,779 | -83.7% |
| Suppliers | 440/4 | €3,320 | €540 | -€2,779 | -83.7% |
| Advances received on contracts in progress | 46 | €971 | €1,980 | +€1,009 | +103.9% |
| Other amounts payable | 47/48 | €5,012 | €7,316 | +€2,304 | +46.0% |
| Accrued charges and deferred income | 492/3 | €75 | €76 | +€1 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,906 | €18,143 | +€237 | +1.3% |
| Other operating charges | 640/8 | €953 | €6,278 | +€5,325 | +558.5% |
| Non-recurring operating charges | 66A | €14,800 | - | -€14,800 | |
| Gross operating margin | 9900 | €25,341 | €22,761 | -€2,580 | -10.2% |
| Operating profit (loss) | 9901 | -€8,319 | -€1,659 | +€6,659 | +80.1% |
| Financial income | 75/76B | €1,876 | €2,002 | +€126 | +6.7% |
| Recurring financial income | 75 | €1,876 | €2,002 | +€126 | +6.7% |
| Financial charges | 65/66B | €2,906 | €2,453 | -€453 | -15.6% |
| Recurring financial charges | 65 | €2,906 | €2,453 | -€453 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,349 | -€2,111 | +€7,239 | +77.4% |
| Income taxes | 67/77 | €181 | €26 | -€155 | -85.6% |
| Profit (loss) for the period | 9904 | -€9,530 | -€2,137 | +€7,394 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,530 | -€2,137 | +€7,394 | +77.6% |
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 3 October 2026 via checked.be.