V4 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.
V4 Immo
Largest movements
- Tangible fixed assets -€53,115
down €53,115 (-4.3%), from €1.2m to €1.2m
- Debts after one year -€65,803
down €65,803 (-8.2%), from €806,004 to €740,201
- Gross operating margin -€6,602
down €6,602 (-6.8%), from €97,184 to €90,582
- Financial charges +€1,726
up €1,726 (+9.5%), from €18,229 to €19,955
- Other operating charges +€1,098
up €1,098 (+16.8%), from €6,546 to €7,644
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 | €1,234,167 | €1,178,611 | -€55,557 | -4.5% |
| Fixed assets | 21/28 | €1,224,741 | €1,171,626 | -€53,115 | -4.3% |
| Tangible fixed assets | 22/27 | €1,224,691 | €1,171,576 | -€53,115 | -4.3% |
| Land and buildings | 22 | €1,224,691 | €1,171,576 | -€53,115 | -4.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €9,426 | €6,985 | -€2,442 | -25.9% |
| Amounts receivable within one year | 40/41 | €7,924 | €5,543 | -€2,381 | -30.1% |
| Trade receivables | 40 | €7,924 | €5,543 | -€2,381 | -30.1% |
| Cash at bank and in hand | 54/58 | €1,502 | €1,442 | -€61 | -4.0% |
| Total equity and liabilities | 10/49 | €1,234,167 | €1,178,611 | -€55,557 | -4.5% |
| Equity | 10/15 | €185,595 | €195,463 | +€9,867 | +5.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €166,595 | €176,463 | +€9,867 | +5.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €149,695 | €159,563 | +€9,867 | +6.6% |
| Amounts payable | 17/49 | €1,048,572 | €983,148 | -€65,424 | -6.2% |
| Amounts payable after more than one year | 17 | €806,004 | €740,201 | -€65,803 | -8.2% |
| Financial debts | 170/4 | €806,004 | €740,201 | -€65,803 | -8.2% |
| Amounts payable within one year | 42/48 | €242,568 | €242,946 | +€378 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €64,425 | €65,803 | +€1,378 | +2.1% |
| Trade debts | 44 | €1,282 | - | -€1,282 | |
| Suppliers | 440/4 | €1,282 | - | -€1,282 | |
| Taxes, remuneration and social security | 45 | €5,738 | €6,021 | +€283 | +4.9% |
| Taxes | 450/3 | €5,738 | €6,021 | +€283 | +4.9% |
| Other amounts payable | 47/48 | €171,123 | €171,123 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,048 | €53,115 | +€67 | +0.1% |
| Other operating charges | 640/8 | €6,546 | €7,644 | +€1,098 | +16.8% |
| Gross operating margin | 9900 | €97,184 | €90,582 | -€6,602 | -6.8% |
| Operating profit (loss) | 9901 | €37,589 | €29,822 | -€7,767 | -20.7% |
| Financial charges | 65/66B | €18,229 | €19,955 | +€1,726 | +9.5% |
| Recurring financial charges | 65 | €18,229 | €19,955 | +€1,726 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €19,360 | €9,867 | -€9,492 | -49.0% |
| Profit (loss) for the period | 9904 | €19,360 | €9,867 | -€9,492 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,360 | €9,867 | -€9,492 | -49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.