VDFA 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.
VDFA IMMO
Largest movements
- Cash +€16,205
up €16,205 (+64.2%), from €25,234 to €41,439
mainly Net result for the year (+€9,305) and Depreciation (+€6,250)
- Tangible fixed assets -€6,250
down €6,250 (-5.5%), from €114,361 to €108,111
- Profit (loss) carried forward +€9,305
up €9,305 (+98.6%), from -€9,438 to -€132
- Depreciation -€21,870
down €21,870 (-77.8%), from €28,120 to €6,250
- Gross operating margin -€4,107
down €4,107 (-19.6%), from €20,950 to €16,844
- Other operating charges -€607
down €607 (-29.1%), from €2,087 to €1,480
- Financial income +€371
new in 2025: €371
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 | €139,690 | €149,550 | +€9,860 | +7.1% |
| Fixed assets | 21/28 | €114,361 | €108,111 | -€6,250 | -5.5% |
| Tangible fixed assets | 22/27 | €114,361 | €108,111 | -€6,250 | -5.5% |
| Land and buildings | 22 | €114,361 | €108,111 | -€6,250 | -5.5% |
| Current assets | 29/58 | €25,329 | €41,439 | +€16,110 | +63.6% |
| Amounts receivable within one year | 40/41 | €95 | - | -€95 | |
| Trade receivables | 40 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €25,234 | €41,439 | +€16,205 | +64.2% |
| Total equity and liabilities | 10/49 | €139,690 | €149,550 | +€9,860 | +7.1% |
| Equity | 10/15 | -€4,438 | €4,868 | +€9,305 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,438 | -€132 | +€9,305 | +98.6% |
| Amounts payable | 17/49 | €144,128 | €144,683 | +€555 | +0.4% |
| Amounts payable within one year | 42/48 | €144,128 | €144,683 | +€555 | +0.4% |
| Advances received on contracts in progress | 46 | €3,020 | €3,120 | +€100 | +3.3% |
| Other amounts payable | 47/48 | €141,108 | €141,562 | +€455 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,120 | €6,250 | -€21,870 | -77.8% |
| Other operating charges | 640/8 | €2,087 | €1,480 | -€607 | -29.1% |
| Gross operating margin | 9900 | €20,950 | €16,844 | -€4,107 | -19.6% |
| Operating profit (loss) | 9901 | -€9,256 | €9,114 | +€18,370 | |
| Financial income | 75/76B | - | €371 | +€371 | |
| Recurring financial income | 75 | - | €371 | +€371 | |
| Financial charges | 65/66B | €181 | €179 | -€3 | -1.5% |
| Recurring financial charges | 65 | €181 | €179 | -€3 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,438 | €9,305 | +€18,743 | |
| Profit (loss) for the period | 9904 | -€9,438 | €9,305 | +€18,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,438 | €9,305 | +€18,743 |
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 3 October 2026 via checked.be.