VICTORY 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.
VICTORY IMMO
Largest movements
- Tangible fixed assets -€29,743
down €29,743 (-3.1%), from €956,535 to €926,792
- Profit (loss) carried forward -€39,389
down €39,389 (-117.5%), from -€33,530 to -€72,918
- Other debts +€28,336
up €28,336 (+8.8%), from €320,475 to €348,811
- Debts after one year -€22,796
down €22,796 (-3.5%), from €647,676 to €624,880
- Depreciation +€4,756
up €4,756 (+19.0%), from €24,987 to €29,743
- Gross operating margin -€2,431
down €2,431 (-7.7%), from €31,393 to €28,962
- Financial charges -€1,031
down €1,031 (-3.0%), from €34,165 to €33,135
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 | €961,310 | €928,569 | -€32,741 | -3.4% |
| Fixed assets | 21/28 | €956,535 | €926,792 | -€29,743 | -3.1% |
| Tangible fixed assets | 22/27 | €956,535 | €926,792 | -€29,743 | -3.1% |
| Land and buildings | 22 | €956,535 | €926,792 | -€29,743 | -3.1% |
| Current assets | 29/58 | €4,775 | €1,777 | -€2,998 | -62.8% |
| Cash at bank and in hand | 54/58 | €4,775 | €1,777 | -€2,998 | -62.8% |
| Total equity and liabilities | 10/49 | €961,310 | €928,569 | -€32,741 | -3.4% |
| Equity | 10/15 | -€28,530 | -€67,918 | -€39,389 | -138.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,530 | -€72,918 | -€39,389 | -117.5% |
| Amounts payable | 17/49 | €989,840 | €996,487 | +€6,647 | +0.7% |
| Amounts payable after more than one year | 17 | €647,676 | €624,880 | -€22,796 | -3.5% |
| Financial debts | 170/4 | €647,676 | €624,880 | -€22,796 | -3.5% |
| Amounts payable within one year | 42/48 | €342,164 | €371,608 | +€29,443 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €21,689 | €22,796 | +€1,107 | +5.1% |
| Other amounts payable | 47/48 | €320,475 | €348,811 | +€28,336 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,987 | €29,743 | +€4,756 | +19.0% |
| Other operating charges | 640/8 | €5,771 | €5,473 | -€298 | -5.2% |
| Gross operating margin | 9900 | €31,393 | €28,962 | -€2,431 | -7.7% |
| Operating profit (loss) | 9901 | €636 | -€6,254 | -€6,890 | |
| Financial charges | 65/66B | €34,165 | €33,135 | -€1,031 | -3.0% |
| Recurring financial charges | 65 | €34,165 | €33,135 | -€1,031 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,530 | -€39,389 | -€5,859 | -17.5% |
| Profit (loss) for the period | 9904 | -€33,530 | -€39,389 | -€5,859 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,530 | -€39,389 | -€5,859 | -17.5% |
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 12 October 2026 via checked.be.