VANADEK 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.
VANADEK IMMO
Largest movements
- Tangible fixed assets -€41,724
down €41,724 (-9.0%), from €463,886 to €422,163
- Deferred charges and accrued income +€7,702
up €7,702 (+172.4%), from €4,468 to €12,170
- Debts after one year -€55,618
down €55,618 (-29.3%), from €189,684 to €134,066
- Other debts +€11,771
up €11,771 (+6.7%), from €176,089 to €187,860
- Accrued charges and deferred income +€10,978
up €10,978 (+82.8%), from €13,267 to €24,245
- Other operating charges -€14,068
down €14,068 (-62.6%), from €22,486 to €8,418
- Taxes -€8,450
down €8,450, from €5,000 to -€3,450
- Gross operating margin -€2,963
down €2,963 (-4.1%), from €72,342 to €69,379
- Financial charges +€796
up €796 (+4.6%), from €17,234 to €18,029
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,614 | €441,319 | -€28,295 | -6.0% |
| Fixed assets | 21/28 | €463,886 | €422,163 | -€41,724 | -9.0% |
| Tangible fixed assets | 22/27 | €463,886 | €422,163 | -€41,724 | -9.0% |
| Land and buildings | 22 | €463,886 | €422,163 | -€41,724 | -9.0% |
| Current assets | 29/58 | €5,728 | €19,156 | +€13,428 | +234.4% |
| Amounts receivable within one year | 40/41 | - | €3,900 | +€3,900 | |
| Other amounts receivable | 41 | - | €3,900 | +€3,900 | |
| Cash at bank and in hand | 54/58 | €1,260 | €3,086 | +€1,826 | +145.0% |
| Deferred charges and accrued income | 490/1 | €4,468 | €12,170 | +€7,702 | +172.4% |
| Total equity and liabilities | 10/49 | €469,614 | €441,319 | -€28,295 | -6.0% |
| Equity | 10/15 | €33,721 | €38,379 | +€4,658 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €9,500 | +€4,500 | +90.0% |
| Distributable reserves | 133 | €5,000 | €9,500 | +€4,500 | +90.0% |
| Profit (loss) carried forward | 14 | €8,721 | €8,879 | +€158 | +1.8% |
| Amounts payable | 17/49 | €435,893 | €402,939 | -€32,953 | -7.6% |
| Amounts payable after more than one year | 17 | €189,684 | €134,066 | -€55,618 | -29.3% |
| Financial debts | 170/4 | €189,684 | €134,066 | -€55,618 | -29.3% |
| Amounts payable within one year | 42/48 | €232,942 | €244,629 | +€11,687 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €54,512 | €55,618 | +€1,106 | +2.0% |
| Trade debts | 44 | €1,120 | €700 | -€420 | -37.5% |
| Suppliers | 440/4 | €1,120 | €700 | -€420 | -37.5% |
| Taxes, remuneration and social security | 45 | €1,220 | €450 | -€770 | -63.1% |
| Taxes | 450/3 | €1,220 | €450 | -€770 | -63.1% |
| Other amounts payable | 47/48 | €176,089 | €187,860 | +€11,771 | +6.7% |
| Accrued charges and deferred income | 492/3 | €13,267 | €24,245 | +€10,978 | +82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,724 | €41,724 | -€0 | 0.0% |
| Other operating charges | 640/8 | €22,486 | €8,418 | -€14,068 | -62.6% |
| Gross operating margin | 9900 | €72,342 | €69,379 | -€2,963 | -4.1% |
| Operating profit (loss) | 9901 | €8,132 | €19,237 | +€11,105 | +136.6% |
| Financial charges | 65/66B | €17,234 | €18,029 | +€796 | +4.6% |
| Recurring financial charges | 65 | €17,234 | €18,029 | +€796 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,101 | €1,208 | +€10,309 | |
| Income taxes | 67/77 | €5,000 | -€3,450 | -€8,450 | |
| Profit (loss) for the period | 9904 | -€14,101 | €4,658 | +€18,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,101 | €4,658 | +€18,759 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.