VF 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.
VF IMMO
Largest movements
- Tangible fixed assets -€11,775
down €11,775 (-2.0%), from €586,404 to €574,630
- Current portion of long-term debt -€32,063
no longer reported in 2024 (was €32,063)
- Reserves +€20,283
up €20,283 (+108.4%), from €18,714 to €38,997
- Gross operating margin +€9,779
up €9,779 (+26.5%), from €36,938 to €46,717
- Taxes +€1,921
up €1,921 (+33.6%), from €5,713 to €7,634
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,386 | €586,929 | -€9,457 | -1.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €586,404 | €574,630 | -€11,775 | -2.0% |
| Tangible fixed assets | 22/27 | €586,404 | €574,630 | -€11,775 | -2.0% |
| Land and buildings | 22 | €586,404 | €574,630 | -€11,775 | -2.0% |
| Current assets | 29/58 | €9,982 | €12,299 | +€2,317 | +23.2% |
| Cash at bank and in hand | 54/58 | €8,932 | €11,212 | +€2,280 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,087 | +€37 | +3.6% |
| Total equity and liabilities | 10/49 | €596,386 | €586,929 | -€9,457 | -1.6% |
| Equity | 10/15 | €28,714 | €48,997 | +€20,283 | +70.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,714 | €38,997 | +€20,283 | +108.4% |
| Distributable reserves | 133 | €18,714 | €38,997 | +€20,283 | +108.4% |
| Amounts payable | 17/49 | €567,671 | €537,931 | -€29,740 | -5.2% |
| Amounts payable after more than one year | 17 | €533,305 | €533,390 | +€85 | 0.0% |
| Financial debts | 170/4 | €522,805 | €522,890 | +€85 | 0.0% |
| Other amounts payable | 178/9 | €10,500 | €10,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,367 | €4,542 | -€29,825 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €32,063 | - | -€32,063 | |
| Trade debts | 44 | €91 | €908 | +€817 | +900.0% |
| Suppliers | 440/4 | €91 | €908 | +€817 | +900.0% |
| Taxes, remuneration and social security | 45 | €2,213 | €3,634 | +€1,421 | +64.2% |
| Taxes | 450/3 | €2,213 | €3,634 | +€1,421 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €11,775 | = | 0.0% |
| Other operating charges | 640/8 | €2,970 | €3,084 | +€114 | +3.9% |
| Gross operating margin | 9900 | €36,938 | €46,717 | +€9,779 | +26.5% |
| Operating profit (loss) | 9901 | €22,194 | €31,858 | +€9,665 | +43.5% |
| Financial charges | 65/66B | €4,237 | €3,941 | -€296 | -7.0% |
| Recurring financial charges | 65 | €4,237 | €3,941 | -€296 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €17,957 | €27,917 | +€9,960 | +55.5% |
| Income taxes | 67/77 | €5,713 | €7,634 | +€1,921 | +33.6% |
| Profit (loss) for the period | 9904 | €12,243 | €20,283 | +€8,040 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,243 | €20,283 | +€8,040 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.