VEV-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.
VEV-IMMO
Largest movements
- Receivables within one year -€98,578
down €98,578 (-94.6%), from €104,191 to €5,613
of which Trade receivables: -€104,191
- Tangible fixed assets +€41,918
up €41,918 (+3.4%), from €1.2m to €1.3m
- Other debts -€53,986
down €53,986 (-14.3%), from €377,305 to €323,319
- Debts after one year -€30,848
down €30,848 (-6.1%), from €506,039 to €475,191
of which Financial debts: -€30,848
- Current portion of long-term debt +€27,227
up €27,227 (+52.7%), from €51,654 to €78,881
- Reserves +€20,029
up €20,029 (+8.4%), from €239,749 to €259,778
- Gross operating margin +€16,627
up €16,627 (+10.0%), from €166,239 to €182,865
- Depreciation +€7,890
up €7,890 (+8.6%), from €91,576 to €99,466
- Financial charges +€5,641
up €5,641 (+17.2%), from €32,737 to €38,378
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 | €1,426,851 | €1,372,826 | -€54,025 | -3.8% |
| Fixed assets | 21/28 | €1,246,384 | €1,288,302 | +€41,918 | +3.4% |
| Tangible fixed assets | 22/27 | €1,246,384 | €1,288,302 | +€41,918 | +3.4% |
| Land and buildings | 22 | €1,246,384 | €1,288,302 | +€41,918 | +3.4% |
| Current assets | 29/58 | €180,468 | €84,524 | -€95,943 | -53.2% |
| Amounts receivable within one year | 40/41 | €104,191 | €5,613 | -€98,578 | -94.6% |
| Trade receivables | 40 | €104,191 | - | -€104,191 | |
| Other amounts receivable | 41 | - | €5,613 | +€5,613 | |
| Cash at bank and in hand | 54/58 | €71,238 | €73,753 | +€2,515 | +3.5% |
| Deferred charges and accrued income | 490/1 | €5,039 | €5,158 | +€120 | +2.4% |
| Total equity and liabilities | 10/49 | €1,426,851 | €1,372,826 | -€54,025 | -3.8% |
| Equity | 10/15 | €459,749 | €479,778 | +€20,029 | +4.4% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €239,749 | €259,778 | +€20,029 | +8.4% |
| Distributable reserves | 133 | €239,749 | €259,778 | +€20,029 | +8.4% |
| Amounts payable | 17/49 | €967,102 | €893,048 | -€74,054 | -7.7% |
| Amounts payable after more than one year | 17 | €506,039 | €475,191 | -€30,848 | -6.1% |
| Financial debts | 170/4 | €447,639 | €416,791 | -€30,848 | -6.9% |
| Other amounts payable | 178/9 | €58,400 | €58,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448,968 | €410,416 | -€38,552 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €51,654 | €78,881 | +€27,227 | +52.7% |
| Trade debts | 44 | €10,728 | €716 | -€10,012 | -93.3% |
| Suppliers | 440/4 | €10,728 | €716 | -€10,012 | -93.3% |
| Taxes, remuneration and social security | 45 | €9,281 | €7,500 | -€1,781 | -19.2% |
| Taxes | 450/3 | €8,281 | €7,500 | -€781 | -9.4% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €377,305 | €323,319 | -€53,986 | -14.3% |
| Accrued charges and deferred income | 492/3 | €12,095 | €7,441 | -€4,654 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,576 | €99,466 | +€7,890 | +8.6% |
| Other operating charges | 640/8 | €15,521 | €15,738 | +€217 | +1.4% |
| Gross operating margin | 9900 | €166,239 | €182,865 | +€16,627 | +10.0% |
| Operating profit (loss) | 9901 | €59,142 | €67,661 | +€8,520 | +14.4% |
| Financial income | 75/76B | - | €190 | +€190 | |
| Recurring financial income | 75 | - | €190 | +€190 | |
| Financial charges | 65/66B | €32,737 | €38,378 | +€5,641 | +17.2% |
| Recurring financial charges | 65 | €32,737 | €38,378 | +€5,641 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €26,404 | €29,473 | +€3,069 | +11.6% |
| Income taxes | 67/77 | €8,581 | €9,444 | +€863 | +10.1% |
| Profit (loss) for the period | 9904 | €17,823 | €20,029 | +€2,206 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,823 | €20,029 | +€2,206 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.