VETIMMOBO: 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.
VETIMMOBO
Largest movements
- Receivables within one year -€46,544
down €46,544 (-51.6%), from €90,167 to €43,623
of which Other amounts receivable: -€52,289
- Cash +€33,930
up €33,930 (+23.9%), from €142,057 to €175,988
mainly Net result for the year (+€61,951) and Receivables within one year (+€46,544)
- Reserves -€9,307
down €9,307 (-2.2%), from €420,110 to €410,803
- Current portion of long-term debt -€5,775
down €5,775 (-100%), from €5,775 to €0
- Taxes -€2,901
down €2,901 (-9.1%), from €31,811 to €28,910
- Gross operating margin -€2,800
down €2,800 (-2.7%), from €105,620 to €102,819
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 | €461,250 | €446,520 | -€14,731 | -3.2% |
| Fixed assets | 21/28 | €229,026 | €226,319 | -€2,707 | -1.2% |
| Tangible fixed assets | 22/27 | €229,026 | €226,319 | -€2,707 | -1.2% |
| Land and buildings | 22 | €222,726 | €214,595 | -€8,131 | -3.7% |
| Plant, machinery and equipment | 23 | €6,300 | €11,724 | +€5,424 | +86.1% |
| Current assets | 29/58 | €232,224 | €220,201 | -€12,023 | -5.2% |
| Amounts receivable within one year | 40/41 | €90,167 | €43,623 | -€46,544 | -51.6% |
| Trade receivables | 40 | €1,841 | €7,586 | +€5,745 | +312% |
| Other amounts receivable | 41 | €88,326 | €36,037 | -€52,289 | -59.2% |
| Cash at bank and in hand | 54/58 | €142,057 | €175,988 | +€33,930 | +23.9% |
| Deferred charges and accrued income | 490/1 | - | €590 | +€590 | |
| Total equity and liabilities | 10/49 | €461,250 | €446,520 | -€14,731 | -3.2% |
| Equity | 10/15 | €420,110 | €410,803 | -€9,307 | -2.2% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €420,110 | €410,803 | -€9,307 | -2.2% |
| Distributable reserves | 133 | €420,110 | €410,803 | -€9,307 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,140 | €35,717 | -€5,423 | -13.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,140 | €35,717 | -€5,423 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,775 | €0 | -€5,775 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,694 | €4,046 | +€352 | +9.5% |
| Suppliers | 440/4 | €3,694 | €4,046 | +€352 | +9.5% |
| Taxes, remuneration and social security | 45 | €31,671 | €31,671 | = | 0.0% |
| Taxes | 450/3 | €31,671 | €31,671 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,840 | €11,101 | +€262 | +2.4% |
| Other operating charges | 640/8 | €543 | €641 | +€99 | +18.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €105,620 | €102,819 | -€2,800 | -2.7% |
| Operating profit (loss) | 9901 | €94,237 | €91,077 | -€3,161 | -3.4% |
| Financial income | 75/76B | €466 | €194 | -€272 | -58.3% |
| Recurring financial income | 75 | €466 | €194 | -€272 | -58.3% |
| Financial charges | 65/66B | €730 | €410 | -€321 | -43.9% |
| Recurring financial charges | 65 | €730 | €410 | -€321 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €93,973 | €90,861 | -€3,112 | -3.3% |
| Income taxes | 67/77 | €31,811 | €28,910 | -€2,901 | -9.1% |
| Profit (loss) for the period | 9904 | €62,162 | €61,951 | -€211 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,162 | €61,951 | -€211 | -0.3% |
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.