VEGA 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.
VEGA IMMO
Largest movements
- Tangible fixed assets +€97,841
up €97,841 (+13.9%), from €706,232 to €804,073
of which Plant, machinery and equipment: +€97,841
- Other debts +€131,174
up €131,174 (+221%), from €59,243 to €190,417
- Profit (loss) carried forward -€21,994
down €21,994 (-134%), from -€16,403 to -€38,397
- Gross operating margin -€4,610
down €4,610 (-29.1%), from -€15,844 to -€20,454
- Depreciation +€1,000
new in 2025: €1,000
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.
Derived cash bridge
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 | €711,800 | €815,861 | +€104,061 | +14.6% |
| Formation expenses | 20 | €1,000 | - | -€1,000 | |
| Fixed assets | 21/28 | €706,232 | €804,073 | +€97,841 | +13.9% |
| Tangible fixed assets | 22/27 | €706,232 | €804,073 | +€97,841 | +13.9% |
| Land and buildings | 22 | €660,000 | €660,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,232 | €144,073 | +€97,841 | +212% |
| Current assets | 29/58 | €4,568 | €11,788 | +€7,220 | +158% |
| Amounts receivable within one year | 40/41 | €4,228 | €9,949 | +€5,721 | +135% |
| Other amounts receivable | 41 | €4,228 | €9,949 | +€5,721 | +135% |
| Cash at bank and in hand | 54/58 | €340 | €236 | -€104 | -30.6% |
| Deferred charges and accrued income | 490/1 | - | €1,603 | +€1,603 | |
| Total equity and liabilities | 10/49 | €711,800 | €815,861 | +€104,061 | +14.6% |
| Equity | 10/15 | €646,597 | €624,603 | -€21,994 | -3.4% |
| Contributions | 10/11 | €663,000 | €663,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,403 | -€38,397 | -€21,994 | -134% |
| Amounts payable | 17/49 | €65,203 | €191,258 | +€126,055 | +193% |
| Amounts payable within one year | 42/48 | €59,243 | €191,258 | +€132,015 | +223% |
| Trade debts | 44 | - | €841 | +€841 | |
| Suppliers | 440/4 | - | €841 | +€841 | |
| Other amounts payable | 47/48 | €59,243 | €190,417 | +€131,174 | +221% |
| Accrued charges and deferred income | 492/3 | €5,960 | - | -€5,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €557 | €466 | -€91 | -16.3% |
| Gross operating margin | 9900 | -€15,844 | -€20,454 | -€4,610 | -29.1% |
| Operating profit (loss) | 9901 | -€16,401 | -€21,920 | -€5,519 | -33.7% |
| Financial charges | 65/66B | €2 | €74 | +€72 | +3,600% |
| Recurring financial charges | 65 | €2 | €74 | +€72 | +3,600% |
| Profit (loss) for the period before taxes | 9903 | -€16,403 | -€21,994 | -€5,591 | -34.1% |
| Profit (loss) for the period | 9904 | -€16,403 | -€21,994 | -€5,591 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,403 | -€21,994 | -€5,591 | -34.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.