V2L 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.
V2L IMMO
Largest movements
- Tangible fixed assets -€4,918
down €4,918 (-3.3%), from €147,529 to €142,611
- Debts after one year -€4,126
down €4,126 (-5.6%), from €74,105 to €69,979
- Other operating charges -€372
down €372 (-41.5%), from €896 to €524
- Gross operating margin -€152
down €152 (-2.2%), from €6,946 to €6,794
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 | €150,982 | €146,761 | -€4,221 | -2.8% |
| Formation expenses | 20 | €624 | €312 | -€312 | -50.0% |
| Fixed assets | 21/28 | €147,529 | €142,611 | -€4,918 | -3.3% |
| Tangible fixed assets | 22/27 | €147,529 | €142,611 | -€4,918 | -3.3% |
| Land and buildings | 22 | €147,529 | €142,611 | -€4,918 | -3.3% |
| Current assets | 29/58 | €2,829 | €3,838 | +€1,009 | +35.7% |
| Cash at bank and in hand | 54/58 | €2,829 | €3,838 | +€1,009 | +35.7% |
| Total equity and liabilities | 10/49 | €150,982 | €146,761 | -€4,221 | -2.8% |
| Equity | 10/15 | €41,513 | €41,356 | -€156 | -0.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,487 | -€3,644 | -€156 | -4.5% |
| Amounts payable | 17/49 | €109,469 | €105,405 | -€4,064 | -3.7% |
| Amounts payable after more than one year | 17 | €74,105 | €69,979 | -€4,126 | -5.6% |
| Financial debts | 170/4 | €74,105 | €69,979 | -€4,126 | -5.6% |
| Amounts payable within one year | 42/48 | €35,364 | €35,426 | +€62 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €4,064 | €4,126 | +€62 | +1.5% |
| Other amounts payable | 47/48 | €31,300 | €31,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,229 | €5,229 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €524 | -€372 | -41.5% |
| Gross operating margin | 9900 | €6,946 | €6,794 | -€152 | -2.2% |
| Operating profit (loss) | 9901 | €821 | €1,040 | +€220 | +26.7% |
| Financial charges | 65/66B | €1,258 | €1,197 | -€61 | -4.8% |
| Recurring financial charges | 65 | €1,258 | €1,197 | -€61 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€437 | -€156 | +€280 | +64.2% |
| Profit (loss) for the period | 9904 | -€437 | -€156 | +€280 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€437 | -€156 | +€280 | +64.2% |
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 4 October 2026 via checked.be.