VDZ 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.
VDZ IMMO
Largest movements
- Tangible fixed assets -€19,736
down €19,736 (-14.0%), from €141,265 to €121,528
- Receivables within one year +€14,000
up €14,000 (+4.5%), from €312,787 to €326,787
- Profit (loss) carried forward -€6,965
down €6,965 (-18.6%), from -€37,360 to -€44,324
- Gross operating margin -€16,525
down €16,525 (-49.7%), from €33,224 to €16,699
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 | €462,988 | €454,360 | -€8,628 | -1.9% |
| Fixed assets | 21/28 | €141,265 | €121,528 | -€19,736 | -14.0% |
| Tangible fixed assets | 22/27 | €141,265 | €121,528 | -€19,736 | -14.0% |
| Land and buildings | 22 | €141,265 | €121,528 | -€19,736 | -14.0% |
| Current assets | 29/58 | €321,723 | €332,832 | +€11,108 | +3.5% |
| Amounts receivable within one year | 40/41 | €312,787 | €326,787 | +€14,000 | +4.5% |
| Other amounts receivable | 41 | €312,787 | €326,787 | +€14,000 | +4.5% |
| Current investments | 50/53 | €4,000 | €500 | -€3,500 | -87.5% |
| Cash at bank and in hand | 54/58 | €3,845 | €5,545 | +€1,700 | +44.2% |
| Deferred charges and accrued income | 490/1 | €1,091 | - | -€1,091 | |
| Total equity and liabilities | 10/49 | €462,988 | €454,360 | -€8,628 | -1.9% |
| Equity | 10/15 | €461,325 | €454,360 | -€6,965 | -1.5% |
| Contributions | 10/11 | €416,000 | €416,000 | = | 0.0% |
| Capital | 10 | €416,000 | €416,000 | = | 0.0% |
| Issued capital | 100 | €416,000 | €416,000 | = | 0.0% |
| Reserves | 13 | €82,685 | €82,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,600 | €41,600 | = | 0.0% |
| Legal reserve | 130 | €41,600 | €41,600 | = | 0.0% |
| Distributable reserves | 133 | €41,085 | €41,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,360 | -€44,324 | -€6,965 | -18.6% |
| Amounts payable | 17/49 | €1,663 | - | -€1,663 | |
| Amounts payable within one year | 42/48 | €1,663 | - | -€1,663 | |
| Taxes, remuneration and social security | 45 | €1,663 | - | -€1,663 | |
| Taxes | 450/3 | €1,663 | - | -€1,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,736 | €19,736 | = | 0.0% |
| Other operating charges | 640/8 | €3,395 | €3,193 | -€202 | -6.0% |
| Gross operating margin | 9900 | €33,224 | €16,699 | -€16,525 | -49.7% |
| Operating profit (loss) | 9901 | €10,093 | -€6,230 | -€16,323 | |
| Financial charges | 65/66B | €600 | €734 | +€134 | +22.4% |
| Recurring financial charges | 65 | €600 | €734 | +€134 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €9,493 | -€6,965 | -€16,457 | |
| Profit (loss) for the period | 9904 | €9,493 | -€6,965 | -€16,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,493 | -€6,965 | -€16,457 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.