VIND-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.
VIND-IMMO
Largest movements
- Tangible fixed assets +€285,748
up €285,748 (+165.1%), from €173,091 to €458,840
of which Land and buildings: +€306,553
- Current investments +€125,000
new in 2025: €125,000
- Receivables within one year +€78,631
up €78,631 (+912.8%), from €8,615 to €87,246
of which Other amounts receivable: +€74,731
- Deferred charges and accrued income +€13,038
up €13,038 (+643.9%), from €2,025 to €15,063
- Cash +€8,261
up €8,261 (+94.3%), from €8,763 to €17,023
mainly Debts after one year (+€241,042) and Net result for the year (+€239,764)
- Debts after one year +€241,042
up €241,042 (+831.2%), from €29,001 to €270,043
- Reserves +€239,764
up €239,764 (+277.9%), from €86,288 to €326,053
- Tax, wage and social debts +€19,710
up €19,710 (+105.4%), from €18,706 to €38,416
of which Taxes: +€20,879
- Current portion of long-term debt +€16,527
up €16,527 (+87.3%), from €18,926 to €35,454
- Trade debts +€10,091
up €10,091 (+398.8%), from €2,530 to €12,622
- Gross operating margin +€342,161
up €342,161 (+299.9%), from €114,075 to €456,236
- Taxes +€92,523
up €92,523 (+559.0%), from €16,550 to €109,074
- Other operating charges +€42,370
up €42,370 (+1312.1%), from €3,229 to €45,600
- Depreciation -€20,331
down €20,331 (-68.4%), from €29,731 to €9,400
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 | €194,594 | €705,272 | +€510,678 | +262.4% |
| Fixed assets | 21/28 | €175,191 | €460,940 | +€285,748 | +163.1% |
| Tangible fixed assets | 22/27 | €173,091 | €458,840 | +€285,748 | +165.1% |
| Land and buildings | 22 | €55,305 | €361,858 | +€306,553 | +554.3% |
| Furniture and vehicles | 24 | €117,786 | €96,982 | -€20,804 | -17.7% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €19,402 | €244,332 | +€224,930 | +1159.3% |
| Amounts receivable within one year | 40/41 | €8,615 | €87,246 | +€78,631 | +912.8% |
| Trade receivables | 40 | €8,615 | €12,515 | +€3,900 | +45.3% |
| Other amounts receivable | 41 | - | €74,731 | +€74,731 | |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €8,763 | €17,023 | +€8,261 | +94.3% |
| Deferred charges and accrued income | 490/1 | €2,025 | €15,063 | +€13,038 | +643.9% |
| Total equity and liabilities | 10/49 | €194,594 | €705,272 | +€510,678 | +262.4% |
| Equity | 10/15 | €104,888 | €344,653 | +€239,764 | +228.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,288 | €326,053 | +€239,764 | +277.9% |
| Distributable reserves | 133 | €86,288 | €326,053 | +€239,764 | +277.9% |
| Amounts payable | 17/49 | €89,705 | €360,619 | +€270,914 | +302.0% |
| Amounts payable after more than one year | 17 | €29,001 | €270,043 | +€241,042 | +831.2% |
| Financial debts | 170/4 | €29,001 | €270,043 | +€241,042 | +831.2% |
| Amounts payable within one year | 42/48 | €60,705 | €90,577 | +€29,872 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €18,926 | €35,454 | +€16,527 | +87.3% |
| Financial debts | 43 | €12,287 | €4,085 | -€8,202 | -66.8% |
| Credit institutions | 430/8 | €12,287 | €4,085 | -€8,202 | -66.8% |
| Trade debts | 44 | €2,530 | €12,622 | +€10,091 | +398.8% |
| Suppliers | 440/4 | €2,530 | €12,622 | +€10,091 | +398.8% |
| Taxes, remuneration and social security | 45 | €18,706 | €38,416 | +€19,710 | +105.4% |
| Taxes | 450/3 | €15,041 | €35,920 | +€20,879 | +138.8% |
| Remuneration and social security | 454/9 | €3,665 | €2,497 | -€1,169 | -31.9% |
| Other amounts payable | 47/48 | €8,255 | - | -€8,255 | |
| Non-recurring operating income | 76A | - | €437,797 | +€437,797 | |
| Remuneration, social security and pensions | 62 | €20,369 | €20,922 | +€553 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,731 | €9,400 | -€20,331 | -68.4% |
| Other operating charges | 640/8 | €3,229 | €45,600 | +€42,370 | +1312.1% |
| Non-recurring operating charges | 66A | - | €22,356 | +€22,356 | |
| Gross operating margin | 9900 | €114,075 | €456,236 | +€342,161 | +299.9% |
| Operating profit (loss) | 9901 | €60,746 | €357,959 | +€297,213 | +489.3% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €5,592 | €9,155 | +€3,563 | +63.7% |
| Recurring financial charges | 65 | €5,592 | €9,155 | +€3,563 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €55,154 | €348,838 | +€293,684 | +532.5% |
| Income taxes | 67/77 | €16,550 | €109,074 | +€92,523 | +559.0% |
| Profit (loss) for the period | 9904 | €38,604 | €239,764 | +€201,161 | +521.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,604 | €239,764 | +€201,161 | +521.1% |
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 10 October 2026 via checked.be.