ViZo 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.
ViZo Immo
Largest movements
- Tangible fixed assets +€167,483
up €167,483 (+89.3%), from €187,545 to €355,029
of which Land and buildings: +€168,849
- Cash +€54,882
up €54,882 (+294%), from €18,645 to €73,528
mainly Contributions, distributions and other (+€216,344) and Depreciation (+€25,606)
- Receivables within one year +€4,465
up €4,465 (+404%), from €1,105 to €5,570
of which Trade receivables: +€5,570
- Contributions +€142,500
up €142,500 (+73.3%), from €194,329 to €336,829
- Reserves +€73,844
new in 2025: €73,844
- Provisions +€24,615
new in 2025: €24,615
- Profit (loss) carried forward -€16,630
down €16,630 (-22.2%), from -€74,951 to -€91,581
- Gross operating margin +€106,645
up €106,645 (+13,837%), from €771 to €107,415
- Depreciation +€16,268
up €16,268 (+174%), from €9,338 to €25,606
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.
Derived cash bridge
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 | €207,374 | €434,127 | +€226,752 | +109% |
| Fixed assets | 21/28 | €187,545 | €355,029 | +€167,483 | +89.3% |
| Tangible fixed assets | 22/27 | €187,545 | €355,029 | +€167,483 | +89.3% |
| Land and buildings | 22 | €183,847 | €352,696 | +€168,849 | +91.8% |
| Plant, machinery and equipment | 23 | €1,967 | €1,228 | -€739 | -37.6% |
| Furniture and vehicles | 24 | €1,732 | €1,105 | -€626 | -36.2% |
| Current assets | 29/58 | €19,829 | €79,098 | +€59,269 | +299% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,105 | €5,570 | +€4,465 | +404% |
| Trade receivables | 40 | €0 | €5,570 | +€5,570 | |
| Other amounts receivable | 41 | €1,105 | €0 | -€1,105 | -100% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €18,645 | €73,528 | +€54,882 | +294% |
| Deferred charges and accrued income | 490/1 | €78 | €0 | -€78 | -100% |
| Total equity and liabilities | 10/49 | €207,374 | €434,127 | +€226,752 | +109% |
| Equity | 10/15 | €119,378 | €319,091 | +€199,714 | +167% |
| Contributions | 10/11 | €194,329 | €336,829 | +€142,500 | +73.3% |
| Capital | 10 | €194,329 | €336,829 | +€142,500 | +73.3% |
| Issued capital | 100 | €194,329 | €336,829 | +€142,500 | +73.3% |
| Reserves | 13 | - | €73,844 | +€73,844 | |
| Tax-exempt reserves | 132 | - | €73,844 | +€73,844 | |
| Profit (loss) carried forward | 14 | -€74,951 | -€91,581 | -€16,630 | -22.2% |
| Provisions and deferred taxes | 16 | - | €24,615 | +€24,615 | |
| Deferred taxes | 168 | - | €24,615 | +€24,615 | |
| Amounts payable | 17/49 | €87,997 | €90,421 | +€2,424 | +2.8% |
| Amounts payable after more than one year | 17 | €84,991 | €84,991 | = | 0.0% |
| Other amounts payable | 178/9 | €84,991 | €84,991 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,005 | €5,430 | +€2,424 | +80.7% |
| Trade debts | 44 | €391 | €2,071 | +€1,680 | +429% |
| Suppliers | 440/4 | €391 | €2,071 | +€1,680 | +429% |
| Taxes, remuneration and social security | 45 | €0 | €606 | +€606 | |
| Taxes | 450/3 | €0 | €606 | +€606 | |
| Other amounts payable | 47/48 | €2,614 | €2,752 | +€138 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,338 | €25,606 | +€16,268 | +174% |
| Other operating charges | 640/8 | €1,667 | €658 | -€1,008 | -60.5% |
| Gross operating margin | 9900 | €771 | €107,415 | +€106,645 | +13,837% |
| Operating profit (loss) | 9901 | -€10,234 | €81,151 | +€91,385 | |
| Financial income | 75/76B | €7 | €750 | +€743 | +10,435% |
| Recurring financial income | 75 | €7 | €750 | +€743 | +10,435% |
| Financial charges | 65/66B | €45 | €72 | +€27 | +60.9% |
| Recurring financial charges | 65 | €45 | €72 | +€27 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,272 | €81,828 | +€92,100 | |
| Transfer from deferred taxes | 780 | - | €827 | +€827 | |
| Transfer to deferred taxes | 680 | - | €99,286 | +€99,286 | |
| Profit (loss) for the period | 9904 | -€10,272 | -€16,630 | -€6,358 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,272 | -€16,630 | -€6,358 | -61.9% |
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 14 October 2026 via checked.be.