VOS IMMO 14: 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.
VOS IMMO 14
Largest movements
- Cash +€23,620
up €23,620 (+34.0%), from €69,401 to €93,021
mainly Net result for the year (+€32,188) and Other debts (+€7,318)
- Receivables within one year +€14,335
up €14,335 (+5295.0%), from €271 to €14,606
of which Trade receivables: +€14,249
- Reserves +€74,172
up €74,172 (+941.7%), from €7,876 to €82,048
of which Distributable reserves: +€74,172
- Profit (loss) carried forward -€41,984
down €41,984 (-100.0%), from €41,984 to €0
- Other debts +€7,318
up €7,318 (+73.6%), from €9,946 to €17,264
- Tax, wage and social debts -€1,813
down €1,813 (-11.0%), from €16,413 to €14,600
- Gross operating margin -€14,522
down €14,522 (-23.1%), from €62,987 to €48,465
- Taxes -€2,900
down €2,900 (-20.7%), from €14,000 to €11,100
- Depreciation -€1,799
down €1,799 (-87.3%), from €2,061 to €261
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 | €83,541 | €121,235 | +€37,693 | +45.1% |
| Fixed assets | 21/28 | €13,870 | €13,608 | -€261 | -1.9% |
| Tangible fixed assets | 22/27 | €13,870 | €13,608 | -€261 | -1.9% |
| Land and buildings | 22 | €13,870 | €13,608 | -€261 | -1.9% |
| Current assets | 29/58 | €69,672 | €107,627 | +€37,955 | +54.5% |
| Amounts receivable within one year | 40/41 | €271 | €14,606 | +€14,335 | +5295.0% |
| Trade receivables | 40 | €271 | €14,520 | +€14,249 | +5263.3% |
| Other amounts receivable | 41 | - | €86 | +€86 | |
| Cash at bank and in hand | 54/58 | €69,401 | €93,021 | +€23,620 | +34.0% |
| Total equity and liabilities | 10/49 | €83,541 | €121,235 | +€37,693 | +45.1% |
| Equity | 10/15 | €57,155 | €89,343 | +€32,188 | +56.3% |
| Contributions | 10/11 | €7,295 | €7,295 | = | 0.0% |
| Reserves | 13 | €7,876 | €82,048 | +€74,172 | +941.7% |
| Tax-exempt reserves | 132 | €37 | €37 | = | 0.0% |
| Distributable reserves | 133 | €7,840 | €82,011 | +€74,172 | +946.1% |
| Profit (loss) carried forward | 14 | €41,984 | €0 | -€41,984 | -100.0% |
| Amounts payable | 17/49 | €26,387 | €31,892 | +€5,505 | +20.9% |
| Amounts payable within one year | 42/48 | €26,387 | €31,892 | +€5,505 | +20.9% |
| Trade debts | 44 | €27 | €28 | +€1 | +2.2% |
| Suppliers | 440/4 | €27 | €28 | +€1 | +2.2% |
| Taxes, remuneration and social security | 45 | €16,413 | €14,600 | -€1,813 | -11.0% |
| Taxes | 450/3 | €16,413 | €14,600 | -€1,813 | -11.0% |
| Other amounts payable | 47/48 | €9,946 | €17,264 | +€7,318 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,061 | €261 | -€1,799 | -87.3% |
| Other operating charges | 640/8 | €4,853 | €4,682 | -€171 | -3.5% |
| Gross operating margin | 9900 | €62,987 | €48,465 | -€14,522 | -23.1% |
| Operating profit (loss) | 9901 | €56,073 | €43,521 | -€12,552 | -22.4% |
| Financial charges | 65/66B | €89 | €233 | +€143 | +160.2% |
| Recurring financial charges | 65 | €89 | €233 | +€143 | +160.2% |
| Profit (loss) for the period before taxes | 9903 | €55,984 | €43,288 | -€12,695 | -22.7% |
| Income taxes | 67/77 | €14,000 | €11,100 | -€2,900 | -20.7% |
| Profit (loss) for the period | 9904 | €41,984 | €32,188 | -€9,795 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,984 | €32,188 | -€9,795 | -23.3% |
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 5 October 2026 via checked.be.