VDD 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.
VDD IMMO
Largest movements
- Tangible fixed assets -€31,878
down €31,878 (-7.0%), from €458,659 to €426,780
- Cash +€16,197
up €16,197 (+27.2%), from €59,628 to €75,825
mainly Depreciation (+€31,878) and Net result for the year (+€4,054)
- Other debts -€20,000
down €20,000 (-42.1%), from €47,540 to €27,540
- Gross operating margin +€4,439
up €4,439 (+11.4%), from €38,792 to €43,231
- Depreciation +€1,293
up €1,293 (+4.2%), from €30,585 to €31,878
- Other operating charges +€1,047
up €1,047 (+40.5%), from €2,586 to €3,634
- Taxes +€988
up €988 (+106.2%), from €931 to €1,919
- Financial charges -€819
down €819 (-28.7%), from €2,855 to €2,036
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 | €519,946 | €502,821 | -€17,125 | -3.3% |
| Fixed assets | 21/28 | €458,659 | €426,780 | -€31,878 | -7.0% |
| Tangible fixed assets | 22/27 | €458,659 | €426,780 | -€31,878 | -7.0% |
| Land and buildings | 22 | €458,659 | €426,780 | -€31,878 | -7.0% |
| Current assets | 29/58 | €61,287 | €76,041 | +€14,754 | +24.1% |
| Amounts receivable within one year | 40/41 | €1,659 | €216 | -€1,443 | -87.0% |
| Other amounts receivable | 41 | €1,659 | €216 | -€1,443 | -87.0% |
| Cash at bank and in hand | 54/58 | €59,628 | €75,825 | +€16,197 | +27.2% |
| Total equity and liabilities | 10/49 | €519,946 | €502,821 | -€17,125 | -3.3% |
| Equity | 10/15 | €468,370 | €470,789 | +€2,419 | +0.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €68,370 | €70,789 | +€2,419 | +3.5% |
| Distributable reserves | 133 | €68,370 | €70,789 | +€2,419 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,576 | €32,032 | -€19,544 | -37.9% |
| Amounts payable within one year | 42/48 | €47,550 | €28,375 | -€19,175 | -40.3% |
| Trade debts | 44 | €10 | €0 | -€10 | -100.0% |
| Suppliers | 440/4 | €10 | €0 | -€10 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €835 | +€835 | |
| Taxes | 450/3 | - | €835 | +€835 | |
| Other amounts payable | 47/48 | €47,540 | €27,540 | -€20,000 | -42.1% |
| Accrued charges and deferred income | 492/3 | €4,026 | €3,657 | -€369 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,585 | €31,878 | +€1,293 | +4.2% |
| Other operating charges | 640/8 | €2,586 | €3,634 | +€1,047 | +40.5% |
| Gross operating margin | 9900 | €38,792 | €43,231 | +€4,439 | +11.4% |
| Operating profit (loss) | 9901 | €5,621 | €7,719 | +€2,098 | +37.3% |
| Financial income | 75/76B | €159 | €290 | +€131 | +82.5% |
| Recurring financial income | 75 | €159 | €290 | +€131 | +82.5% |
| Financial charges | 65/66B | €2,855 | €2,036 | -€819 | -28.7% |
| Recurring financial charges | 65 | €2,855 | €2,036 | -€819 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €2,925 | €5,973 | +€3,048 | +104.2% |
| Income taxes | 67/77 | €931 | €1,919 | +€988 | +106.2% |
| Profit (loss) for the period | 9904 | €1,995 | €4,054 | +€2,060 | +103.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,995 | €4,054 | +€2,060 | +103.3% |
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 6 October 2026 via checked.be.