VASCO 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.
VASCO IMMO
Largest movements
- Tangible fixed assets -€18,310
down €18,310 (-5.1%), from €355,799 to €337,489
of which Land and buildings: -€17,852
- Debts after one year -€31,264
down €31,264 (-12.6%), from €247,905 to €216,641
- Reserves +€11,880
up €11,880 (+20.5%), from €58,076 to €69,956
- Gross operating margin +€6,577
up €6,577 (+17.5%), from €37,626 to €44,203
- Taxes +€1,568
up €1,568 (+68.4%), from €2,294 to €3,861
- Financial charges -€548
down €548 (-9.7%), from €5,633 to €5,085
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 | €381,457 | €360,995 | -€20,461 | -5.4% |
| Fixed assets | 21/28 | €355,799 | €337,489 | -€18,310 | -5.1% |
| Tangible fixed assets | 22/27 | €355,799 | €337,489 | -€18,310 | -5.1% |
| Land and buildings | 22 | €354,390 | €336,538 | -€17,852 | -5.0% |
| Plant, machinery and equipment | 23 | €1,409 | €951 | -€458 | -32.5% |
| Current assets | 29/58 | €25,658 | €23,507 | -€2,151 | -8.4% |
| Amounts receivable within one year | 40/41 | - | €639 | +€639 | |
| Other amounts receivable | 41 | - | €639 | +€639 | |
| Cash at bank and in hand | 54/58 | €25,658 | €22,868 | -€2,789 | -10.9% |
| Total equity and liabilities | 10/49 | €381,457 | €360,995 | -€20,461 | -5.4% |
| Equity | 10/15 | €88,076 | €99,956 | +€11,880 | +13.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €58,076 | €69,956 | +€11,880 | +20.5% |
| Distributable reserves | 133 | €58,076 | €69,956 | +€11,880 | +20.5% |
| Amounts payable | 17/49 | €293,381 | €261,040 | -€32,341 | -11.0% |
| Amounts payable after more than one year | 17 | €247,905 | €216,641 | -€31,264 | -12.6% |
| Financial debts | 170/4 | €247,905 | €216,641 | -€31,264 | -12.6% |
| Amounts payable within one year | 42/48 | €45,475 | €44,399 | -€1,077 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €29,422 | €30,639 | +€1,217 | +4.1% |
| Taxes, remuneration and social security | 45 | €2,294 | - | -€2,294 | |
| Taxes | 450/3 | €2,294 | - | -€2,294 | |
| Other amounts payable | 47/48 | €13,760 | €13,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,077 | €22,002 | -€75 | -0.3% |
| Other operating charges | 640/8 | €1,322 | €1,375 | +€53 | +4.0% |
| Gross operating margin | 9900 | €37,626 | €44,203 | +€6,577 | +17.5% |
| Operating profit (loss) | 9901 | €14,227 | €20,827 | +€6,599 | +46.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,633 | €5,085 | -€548 | -9.7% |
| Recurring financial charges | 65 | €5,633 | €5,085 | -€548 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €8,594 | €15,741 | +€7,147 | +83.2% |
| Income taxes | 67/77 | €2,294 | €3,861 | +€1,568 | +68.4% |
| Profit (loss) for the period | 9904 | €6,301 | €11,880 | +€5,579 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,301 | €11,880 | +€5,579 | +88.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.