VAN IMMO: what changed
Two financial 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.
VAN IMMO
Largest movements
- Tangible fixed assets +€64,328
up €64,328 (+30.4%), from €211,299 to €275,628
of which Assets under construction and advance payments: +€41,516
- Receivables within one year +€4,202
new in 2025: €4,202
of which Other amounts receivable: +€3,909
- Other debts +€73,532
up €73,532 (+51.3%), from €143,240 to €216,772
- Profit (loss) carried forward -€19,108
down €19,108 (-294%), from -€6,490 to -€25,598
- Debts after one year +€13,698
up €13,698 (+22.3%), from €61,325 to €75,023
- Gross operating margin -€5,552
down €5,552 (-157%), from -€3,547 to -€9,099
- Other operating charges +€2,860
up €2,860 (+5,721%), from €50 to €2,910
- Financial charges +€2,237
up €2,237 (+127%), from €1,765 to €4,001
- Depreciation +€1,974
up €1,974 (+175%), from €1,128 to €3,103
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.
Derived cash bridge
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 | €215,522 | €283,678 | +€68,156 | +31.6% |
| Fixed assets | 21/28 | €211,299 | €275,628 | +€64,328 | +30.4% |
| Tangible fixed assets | 22/27 | €211,299 | €275,628 | +€64,328 | +30.4% |
| Land and buildings | 22 | €188,669 | €188,669 | = | 0.0% |
| Furniture and vehicles | 24 | - | €22,813 | +€22,813 | |
| Assets under construction and advance payments | 27 | €22,630 | €64,146 | +€41,516 | +183% |
| Current assets | 29/58 | €4,222 | €8,050 | +€3,828 | +90.7% |
| Amounts receivable within one year | 40/41 | - | €4,202 | +€4,202 | |
| Trade receivables | 40 | - | €293 | +€293 | |
| Other amounts receivable | 41 | - | €3,909 | +€3,909 | |
| Cash at bank and in hand | 54/58 | €3,758 | €1,006 | -€2,752 | -73.2% |
| Deferred charges and accrued income | 490/1 | €464 | €2,842 | +€2,377 | +512% |
| Total equity and liabilities | 10/49 | €215,522 | €283,678 | +€68,156 | +31.6% |
| Equity | 10/15 | €510 | -€18,598 | -€19,108 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,490 | -€25,598 | -€19,108 | -294% |
| Amounts payable | 17/49 | €215,011 | €302,275 | +€87,264 | +40.6% |
| Amounts payable after more than one year | 17 | €61,325 | €75,023 | +€13,698 | +22.3% |
| Financial debts | 170/4 | €61,325 | €75,023 | +€13,698 | +22.3% |
| Amounts payable within one year | 42/48 | €153,686 | €227,252 | +€73,566 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €4,074 | €4,271 | +€196 | +4.8% |
| Trade debts | 44 | €5,512 | €6,210 | +€698 | +12.7% |
| Suppliers | 440/4 | €5,512 | €6,210 | +€698 | +12.7% |
| Taxes, remuneration and social security | 45 | €860 | - | -€860 | |
| Taxes | 450/3 | €860 | - | -€860 | |
| Other amounts payable | 47/48 | €143,240 | €216,772 | +€73,532 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €3,103 | +€1,974 | +175% |
| Other operating charges | 640/8 | €50 | €2,910 | +€2,860 | +5,721% |
| Gross operating margin | 9900 | -€3,547 | -€9,099 | -€5,552 | -157% |
| Operating profit (loss) | 9901 | -€4,725 | -€15,112 | -€10,387 | -220% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,765 | €4,001 | +€2,237 | +127% |
| Recurring financial charges | 65 | €1,765 | €4,001 | +€2,237 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€6,490 | -€19,108 | -€12,619 | -194% |
| Profit (loss) for the period | 9904 | -€6,490 | -€19,108 | -€12,619 | -194% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,490 | -€19,108 | -€12,619 | -194% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.