Vaja 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.
Vaja Immo
Largest movements
- Tangible fixed assets -€65,691
down €65,691 (-5.7%), from €1.2m to €1.1m
of which Land and buildings: -€54,226
- Receivables within one year -€53,831
down €53,831 (-97.2%), from €55,375 to €1,544
of which Trade receivables: -€43,831
- Cash +€51,734
up €51,734 (+347.2%), from €14,900 to €66,634
mainly Depreciation (+€65,691) and Receivables within one year (+€53,831)
- Debts after one year -€82,533
down €82,533 (-8.1%), from €1.0m to €940,899
- Profit (loss) carried forward +€13,016
up €13,016 (+61.4%), from €21,207 to €34,223
- Gross operating margin +€17,675
up €17,675 (+20.1%), from €88,032 to €105,706
- Other operating charges +€4,533
up €4,533 (+75.5%), from €6,004 to €10,538
- Financial charges -€1,321
down €1,321 (-7.4%), from €17,783 to €16,462
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 | €1,231,361 | €1,163,573 | -€67,788 | -5.5% |
| Fixed assets | 21/28 | €1,161,086 | €1,095,395 | -€65,691 | -5.7% |
| Tangible fixed assets | 22/27 | €1,161,086 | €1,095,395 | -€65,691 | -5.7% |
| Land and buildings | 22 | €1,075,945 | €1,021,719 | -€54,226 | -5.0% |
| Plant, machinery and equipment | 23 | €81,662 | €70,707 | -€10,955 | -13.4% |
| Furniture and vehicles | 24 | €3,479 | €2,969 | -€510 | -14.6% |
| Current assets | 29/58 | €70,275 | €68,178 | -€2,097 | -3.0% |
| Amounts receivable within one year | 40/41 | €55,375 | €1,544 | -€53,831 | -97.2% |
| Trade receivables | 40 | €45,375 | €1,544 | -€43,831 | -96.6% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €14,900 | €66,634 | +€51,734 | +347.2% |
| Total equity and liabilities | 10/49 | €1,231,361 | €1,163,573 | -€67,788 | -5.5% |
| Equity | 10/15 | €121,207 | €134,223 | +€13,016 | +10.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,207 | €34,223 | +€13,016 | +61.4% |
| Amounts payable | 17/49 | €1,110,154 | €1,029,350 | -€80,804 | -7.3% |
| Amounts payable after more than one year | 17 | €1,023,433 | €940,899 | -€82,533 | -8.1% |
| Financial debts | 170/4 | €1,023,433 | €940,899 | -€82,533 | -8.1% |
| Amounts payable within one year | 42/48 | €82,721 | €84,450 | +€1,729 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €77,364 | €78,520 | +€1,156 | +1.5% |
| Trade debts | 44 | €811 | €770 | -€41 | -5.1% |
| Suppliers | 440/4 | €811 | €770 | -€41 | -5.1% |
| Taxes, remuneration and social security | 45 | €4,546 | €5,161 | +€614 | +13.5% |
| Taxes | 450/3 | €4,546 | €5,161 | +€614 | +13.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,691 | €65,691 | = | 0.0% |
| Other operating charges | 640/8 | €6,004 | €10,538 | +€4,533 | +75.5% |
| Gross operating margin | 9900 | €88,032 | €105,706 | +€17,675 | +20.1% |
| Operating profit (loss) | 9901 | €16,337 | €29,478 | +€13,141 | +80.4% |
| Financial charges | 65/66B | €17,783 | €16,462 | -€1,321 | -7.4% |
| Recurring financial charges | 65 | €17,783 | €16,462 | -€1,321 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,446 | €13,016 | +€14,462 | |
| Profit (loss) for the period | 9904 | -€1,446 | €13,016 | +€14,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,446 | €13,016 | +€14,462 |
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 7 October 2026 via checked.be.