VLIMMO: 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
VLIMMO
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€310,537
2024 · €143,828+€166,708
Equity
€4.7m
2024 · €4.4m+€311,410
Cash
€59,851
2024 · €55,811+€4,039
Balance sheet total
€7.3m
2024 · €8.4m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€1.8m
down €1.8m (-36.4%), from €5.1m to €3.2m
of which Land and buildings: -€1.8m
- Current investments +€767,124
up €767,124 (+28517631.6%), from €3 to €767,127
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-95.9%), from €1.1m to €46,195
- Reserves +€311,410
up €311,410 (+28.8%), from €1.1m to €1.4m
of which Distributable reserves: +€311,410
- Debts after one year -€154,083
down €154,083 (-6.3%), from €2.5m to €2.3m
of which Financial debts: -€152,366
- Current portion of long-term debt -€101,355
down €101,355 (-39.9%), from €253,721 to €152,366
Income statement
- Gross operating margin +€189,254
up €189,254 (+43.1%), from €439,183 to €628,437
- Taxes +€75,179
up €75,179 (+109.3%), from €68,761 to €143,940
- Depreciation -€40,107
down €40,107 (-31.8%), from €125,970 to €85,862
- Financial income +€9,383
up €9,383 (+938.3%), from €1,000 to €10,384
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
€143,828
Gross operating margin
+€189,254
Depreciation
+€40,107
Other operating charges
-€850
Financial income
+€9,383
Financial charges
+€3,992
Taxes
-€75,179
Result 2025
€310,537
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
-€678,168
Investment
+€996,773
Financing
-€314,565
Cash 2024
€55,811
From operations (derived)
-€678,168
Net result for the year
+€310,537
Depreciation
+€85,862
Receivables within one year
-€38,252
Deferred charges and accrued income
+€2,475
Trade debts
-€14,358
Tax, wage and social debts
+€25,325
Other debts
-€1.1m
Accrued charges and deferred income
+€18,285
Investment (derived)
+€996,773
Investment in fixed assets (net)
+€1.8m
Current investments
-€767,124
Financing
-€314,565
Debts after one year
-€154,083
Current portion of long-term debt
-€101,355
Short-term financial debts
-€60,000
Contributions, distributions and other
+€873
Cash 2025
€59,851
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,385,329 | €7,342,510 | -€1.0m | -12.4% |
| Fixed assets | 21/28 | €8,023,496 | €6,173,737 | -€1.8m | -23.1% |
| Tangible fixed assets | 22/27 | €5,083,088 | €3,233,329 | -€1.8m | -36.4% |
| Land and buildings | 22 | €5,048,734 | €3,201,605 | -€1.8m | -36.6% |
| Plant, machinery and equipment | 23 | €2,630 | €0 | -€2,630 | -100.0% |
| Other tangible fixed assets | 26 | €31,724 | €31,724 | = | 0.0% |
| Financial fixed assets | 28 | €2,940,408 | €2,940,408 | = | 0.0% |
| Current assets | 29/58 | €361,833 | €1,168,773 | +€806,940 | +223.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €271,643 | €309,895 | +€38,252 | +14.1% |
| Trade receivables | 40 | €109,349 | €193,826 | +€84,477 | +77.3% |
| Other amounts receivable | 41 | €162,294 | €116,069 | -€46,225 | -28.5% |
| Current investments | 50/53 | €3 | €767,127 | +€767,124 | +28517631.6% |
| Cash at bank and in hand | 54/58 | €55,811 | €59,851 | +€4,039 | +7.2% |
| Deferred charges and accrued income | 490/1 | €14,376 | €11,901 | -€2,475 | -17.2% |
| Total equity and liabilities | 10/49 | €8,385,329 | €7,342,510 | -€1.0m | -12.4% |
| Equity | 10/15 | €4,418,512 | €4,729,922 | +€311,410 | +7.0% |
| Contributions | 10/11 | €3,336,393 | €3,336,393 | = | 0.0% |
| Reserves | 13 | €1,082,119 | €1,393,529 | +€311,410 | +28.8% |
| Non-distributable reserves | 130/1 | €32,260 | €32,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,260 | €32,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,773 | €7,773 | = | 0.0% |
| Distributable reserves | 133 | €1,042,086 | €1,353,496 | +€311,410 | +29.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,966,817 | €2,612,588 | -€1.4m | -34.1% |
| Amounts payable after more than one year | 17 | €2,462,845 | €2,308,761 | -€154,083 | -6.3% |
| Financial debts | 170/4 | €2,340,387 | €2,188,021 | -€152,366 | -6.5% |
| Other amounts payable | 178/9 | €122,457 | €120,740 | -€1,717 | -1.4% |
| Amounts payable within one year | 42/48 | €1,461,407 | €242,976 | -€1.2m | -83.4% |
| Current portion of amounts payable after more than one year | 42 | €253,721 | €152,366 | -€101,355 | -39.9% |
| Financial debts | 43 | €60,000 | €0 | -€60,000 | -100.0% |
| Other loans | 439 | €60,000 | €0 | -€60,000 | -100.0% |
| Trade debts | 44 | €18,871 | €4,514 | -€14,358 | -76.1% |
| Suppliers | 440/4 | €18,871 | €4,514 | -€14,358 | -76.1% |
| Taxes, remuneration and social security | 45 | €14,577 | €39,902 | +€25,325 | +173.7% |
| Taxes | 450/3 | €14,577 | €39,902 | +€25,325 | +173.7% |
| Other amounts payable | 47/48 | €1,114,238 | €46,195 | -€1.1m | -95.9% |
| Accrued charges and deferred income | 492/3 | €42,566 | €60,851 | +€18,285 | +43.0% |
| Non-recurring operating income | 76A | - | €497,103 | +€497,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,970 | €85,862 | -€40,107 | -31.8% |
| Other operating charges | 640/8 | €27,361 | €28,211 | +€850 | +3.1% |
| Gross operating margin | 9900 | €439,183 | €628,437 | +€189,254 | +43.1% |
| Operating profit (loss) | 9901 | €285,852 | €514,364 | +€228,512 | +79.9% |
| Financial income | 75/76B | €1,000 | €10,384 | +€9,383 | +938.3% |
| Recurring financial income | 75 | €1,000 | €10,384 | +€9,383 | +938.3% |
| Financial charges | 65/66B | €74,262 | €70,271 | -€3,992 | -5.4% |
| Recurring financial charges | 65 | €74,262 | €70,271 | -€3,992 | -5.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €212,590 | €454,477 | +€241,887 | +113.8% |
| Income taxes | 67/77 | €68,761 | €143,940 | +€75,179 | +109.3% |
| Profit (loss) for the period | 9904 | €143,828 | €310,537 | +€166,708 | +115.9% |
| Profit (loss) for the period to be appropriated | 9905 | €143,828 | €310,537 | +€166,708 | +115.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.