VAHA 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.
VAHA Immo
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+380.0%), from €461,059 to €2.2m
- Receivables within one year -€53,677
down €53,677 (-100.0%), from €53,677 to €0
- Debts after one year +€1.2m
up €1.2m (+496.4%), from €250,000 to €1.5m
- Advances received +€300,000
new in 2025: €300,000
- Other debts +€66,220
up €66,220 (+36.0%), from €184,109 to €250,329
- Accrued charges and deferred income +€59,632
up €59,632 (+409.6%), from €14,559 to €74,191
- Contributions +€23,600
up €23,600 (+30.9%), from €76,400 to €100,000
- Gross operating margin +€74,883
up €74,883 (+1184.7%), from €6,321 to €81,204
- Financial charges +€67,194
up €67,194 (+460.6%), from €14,589 to €81,783
- Other operating charges +€1,245
up €1,245 (+321.4%), from €387 to €1,632
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 | €517,036 | €2,220,383 | +€1.7m | +329.4% |
| Fixed assets | 21/28 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €517,036 | €2,215,383 | +€1.7m | +328.5% |
| Stocks and contracts in progress | 3 | €461,059 | €2,212,975 | +€1.8m | +380.0% |
| Stocks | 30/36 | €461,059 | €2,212,975 | +€1.8m | +380.0% |
| Amounts receivable within one year | 40/41 | €53,677 | €0 | -€53,677 | -100.0% |
| Other amounts receivable | 41 | €53,677 | €0 | -€53,677 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,300 | €2,408 | +€108 | +4.7% |
| Total equity and liabilities | 10/49 | €517,036 | €2,220,383 | +€1.7m | +329.4% |
| Equity | 10/15 | €67,744 | €89,133 | +€21,389 | +31.6% |
| Contributions | 10/11 | €76,400 | €100,000 | +€23,600 | +30.9% |
| Profit (loss) carried forward | 14 | -€8,656 | -€10,867 | -€2,211 | -25.5% |
| Amounts payable | 17/49 | €449,291 | €2,131,250 | +€1.7m | +374.4% |
| Amounts payable after more than one year | 17 | €250,000 | €1,491,000 | +€1.2m | +496.4% |
| Financial debts | 170/4 | €250,000 | €1,491,000 | +€1.2m | +496.4% |
| Amounts payable within one year | 42/48 | €184,732 | €566,059 | +€381,327 | +206.4% |
| Trade debts | 44 | €623 | €400 | -€223 | -35.9% |
| Suppliers | 440/4 | €623 | €400 | -€223 | -35.9% |
| Advances received on contracts in progress | 46 | - | €300,000 | +€300,000 | |
| Taxes, remuneration and social security | 45 | - | €15,330 | +€15,330 | |
| Taxes | 450/3 | - | €15,330 | +€15,330 | |
| Other amounts payable | 47/48 | €184,109 | €250,329 | +€66,220 | +36.0% |
| Accrued charges and deferred income | 492/3 | €14,559 | €74,191 | +€59,632 | +409.6% |
| Other operating charges | 640/8 | €387 | €1,632 | +€1,245 | +321.4% |
| Gross operating margin | 9900 | €6,321 | €81,204 | +€74,883 | +1184.7% |
| Operating profit (loss) | 9901 | €5,934 | €79,572 | +€73,638 | +1241.0% |
| Financial charges | 65/66B | €14,589 | €81,783 | +€67,194 | +460.6% |
| Recurring financial charges | 65 | €14,589 | €81,783 | +€67,194 | +460.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,656 | -€2,211 | +€6,444 | +74.5% |
| Profit (loss) for the period | 9904 | -€8,656 | -€2,211 | +€6,444 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,656 | -€2,211 | +€6,444 | +74.5% |
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.