VIMAVI: 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.
What changed
VIMAVI
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €403,340+€2.1m
Equity
€20.9m
2024 · €18.4m+€2.5m
Cash
€1.8m
2024 · €215,870+€1.6m
Balance sheet total
€24.8m
2024 · €23.1m+€1.7m
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+737.7%), from €215,870 to €1.8m
mainly Net result for the year (+€2.5m) and Investment in fixed assets (net) (+€1.1m)
- Receivables after one year +€1.2m
up €1.2m (+47.0%), from €2.6m to €3.8m
- Financial fixed assets -€1.1m
down €1.1m (-7.8%), from €14.5m to €13.4m
Equity and liabilities
- Profit (loss) carried forward +€2.5m
up €2.5m (+35.7%), from €6.9m to €9.3m
- Debts after one year -€806,213
down €806,213 (-20.8%), from €3.9m to €3.1m
of which Other amounts payable: -€1.5m
Income statement
- Financial income +€2.3m
up €2.3m (+299.6%), from €753,574 to €3.0m
of which Non-recurring financial income: +€1.9m
- Taxes +€438,590
up €438,590 (+52877.2%), from €829 to €439,420
- Financial charges -€160,318
down €160,318 (-55.1%), from €291,006 to €130,688
- Gross operating margin +€50,050
up €50,050 (+19.6%), from €254,980 to €305,031
- Depreciation -€10,556
down €10,556 (-8.4%), from €125,188 to €114,632
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.
Result 2024
€403,340
Gross operating margin
+€50,050
Staff costs
+€2,222
Depreciation
+€10,556
Other operating charges
+€8,698
Financial income
+€2.3m
Financial charges
+€160,318
Taxes
-€438,590
Result 2025
€2.5m
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.
From operations
+€1.2m
Investment
+€1.1m
Financing
-€664,633
Cash 2024
€215,870
From operations (derived)
+€1.2m
Net result for the year
+€2.5m
Depreciation
+€114,632
Receivables after one year
-€1.2m
Receivables within one year
-€89,662
Deferred charges and accrued income
+€71,672
Smaller working-capital items
-€211
Tax, wage and social debts
-€32,985
Other debts
-€90,292
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Current investments
-€73,671
Financing
-€664,633
Debts after one year
-€806,213
Current portion of long-term debt
+€141,580
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,091,046 | €24,757,229 | +€1.7m | +7.2% |
| Fixed assets | 21/28 | €18,799,698 | €17,558,756 | -€1.2m | -6.6% |
| Tangible fixed assets | 22/27 | €4,297,967 | €4,186,822 | -€111,145 | -2.6% |
| Land and buildings | 22 | €3,929,631 | €3,880,132 | -€49,499 | -1.3% |
| Furniture and vehicles | 24 | €2,208 | €3,180 | +€972 | +44.0% |
| Other tangible fixed assets | 26 | €366,128 | €303,510 | -€62,618 | -17.1% |
| Financial fixed assets | 28 | €14,501,731 | €13,371,934 | -€1.1m | -7.8% |
| Current assets | 29/58 | €4,291,348 | €7,198,473 | +€2.9m | +67.7% |
| Amounts receivable after more than one year | 29 | €2,603,799 | €3,826,831 | +€1.2m | +47.0% |
| Other amounts receivable | 291 | €2,603,799 | €3,826,831 | +€1.2m | +47.0% |
| Amounts receivable within one year | 40/41 | €16,691 | €106,353 | +€89,662 | +537.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €16,691 | €106,353 | +€89,662 | +537.2% |
| Current investments | 50/53 | €1,339,831 | €1,413,502 | +€73,671 | +5.5% |
| Cash at bank and in hand | 54/58 | €215,870 | €1,808,302 | +€1.6m | +737.7% |
| Deferred charges and accrued income | 490/1 | €115,157 | €43,485 | -€71,672 | -62.2% |
| Total equity and liabilities | 10/49 | €23,091,046 | €24,757,229 | +€1.7m | +7.2% |
| Equity | 10/15 | €18,449,122 | €20,903,424 | +€2.5m | +13.3% |
| Contributions | 10/11 | €2,331,780 | €2,331,780 | = | 0.0% |
| Capital | 10 | €2,331,780 | €2,331,780 | = | 0.0% |
| Issued capital | 100 | €2,331,780 | €2,331,780 | = | 0.0% |
| Revaluation surpluses | 12 | €21,803 | €21,803 | = | 0.0% |
| Reserves | 13 | €9,225,040 | €9,225,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €420,703 | €420,703 | = | 0.0% |
| Legal reserve | 130 | €233,178 | €233,178 | = | 0.0% |
| Reserves not available under the articles | 1311 | €187,525 | €187,525 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,126,625 | €1,126,625 | = | 0.0% |
| Distributable reserves | 133 | €7,677,711 | €7,677,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,870,499 | €9,324,802 | +€2.5m | +35.7% |
| Amounts payable | 17/49 | €4,641,925 | €3,853,805 | -€788,120 | -17.0% |
| Amounts payable after more than one year | 17 | €3,874,475 | €3,068,262 | -€806,213 | -20.8% |
| Financial debts | 170/4 | €2,374,475 | €3,068,262 | +€693,787 | +29.2% |
| Other amounts payable | 178/9 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Amounts payable within one year | 42/48 | €762,399 | €776,626 | +€14,226 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €613,479 | €755,059 | +€141,580 | +23.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €24,584 | €20,507 | -€4,077 | -16.6% |
| Suppliers | 440/4 | €24,584 | €20,507 | -€4,077 | -16.6% |
| Taxes, remuneration and social security | 45 | €33,988 | €1,003 | -€32,985 | -97.0% |
| Taxes | 450/3 | €33,988 | €1,003 | -€32,985 | -97.0% |
| Other amounts payable | 47/48 | €90,348 | €57 | -€90,292 | -99.9% |
| Accrued charges and deferred income | 492/3 | €5,050 | €8,917 | +€3,867 | +76.6% |
| Non-recurring operating income | 76A | €106 | €620 | +€514 | +483.7% |
| Remuneration, social security and pensions | 62 | €159,032 | €156,810 | -€2,222 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,188 | €114,632 | -€10,556 | -8.4% |
| Other operating charges | 640/8 | €29,158 | €20,460 | -€8,698 | -29.8% |
| Gross operating margin | 9900 | €254,980 | €305,031 | +€50,050 | +19.6% |
| Operating profit (loss) | 9901 | -€58,398 | €13,128 | +€71,527 | |
| Financial income | 75/76B | €753,574 | €3,011,282 | +€2.3m | +299.6% |
| Recurring financial income | 75 | €739,203 | €1,138,883 | +€399,680 | +54.1% |
| Non-recurring financial income | 76B | €14,371 | €1,872,399 | +€1.9m | +12929.5% |
| Financial charges | 65/66B | €291,006 | €130,688 | -€160,318 | -55.1% |
| Recurring financial charges | 65 | €291,006 | €130,688 | -€160,318 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €404,170 | €2,893,722 | +€2.5m | +616.0% |
| Income taxes | 67/77 | €829 | €439,420 | +€438,590 | +52877.2% |
| Profit (loss) for the period | 9904 | €403,340 | €2,454,303 | +€2.1m | +508.5% |
| Profit (loss) for the period to be appropriated | 9905 | €403,340 | €2,454,303 | +€2.1m | +508.5% |
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 3 October 2026 via checked.be.