VRIMMO: 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
VRIMMO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,487
2024 · -€6,482+€9,968
Equity
€2.1m
2024 · €2.1m+€3,487
Cash
€7,585
2024 · €10,204-€2,619
Balance sheet total
€4.1m
2024 · €4.2m-€124,378
Largest movements
Assets
- Tangible fixed assets -€79,210
down €79,210 (-3.0%), from €2.6m to €2.5m
of which Land and buildings: -€78,917
- Receivables within one year -€42,040
down €42,040 (-11.1%), from €379,146 to €337,106
of which Other amounts receivable: -€30,000
Equity and liabilities
- Debts after one year -€91,977
down €91,977 (-18.8%), from €490,460 to €398,483
Income statement
- Other operating charges -€13,088
down €13,088 (-28.9%), from €45,259 to €32,171
- Gross operating margin -€7,915
down €7,915 (-4.3%), from €183,319 to €175,404
- Financial charges -€6,032
down €6,032 (-27.0%), from €22,311 to €16,279
- Staff costs +€2,035
up €2,035 (+6.4%), from €31,940 to €33,975
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
-€6,482
Gross operating margin
-€7,915
Staff costs
-€2,035
Depreciation
+€1,463
Other operating charges
+€13,088
Financial income
-€664
Financial charges
+€6,032
Result 2025
€3,487
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
+€127,779
Investment
-€11,250
Financing
-€119,149
Cash 2024
€10,204
From operations (derived)
+€127,779
Net result for the year
+€3,487
Depreciation
+€90,460
Receivables within one year
+€42,040
Deferred charges and accrued income
+€508
Provisions
-€968
Trade debts
-€4,965
Tax, wage and social debts
+€392
Advances received
+€3,200
Other debts
-€6,114
Accrued charges and deferred income
-€261
Investment (derived)
-€11,250
Investment in fixed assets (net)
-€11,250
Financing
-€119,149
Debts after one year
-€91,977
Current portion of long-term debt
+€1,028
Short-term financial debts
-€28,200
Cash 2025
€7,585
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,196,887 | €4,072,509 | -€124,378 | -3.0% |
| Fixed assets | 21/28 | €3,807,028 | €3,727,818 | -€79,210 | -2.1% |
| Tangible fixed assets | 22/27 | €2,623,126 | €2,543,916 | -€79,210 | -3.0% |
| Land and buildings | 22 | €2,622,610 | €2,543,693 | -€78,917 | -3.0% |
| Furniture and vehicles | 24 | €516 | €223 | -€293 | -56.8% |
| Financial fixed assets | 28 | €1,183,902 | €1,183,902 | = | 0.0% |
| Current assets | 29/58 | €389,858 | €344,691 | -€45,168 | -11.6% |
| Amounts receivable within one year | 40/41 | €379,146 | €337,106 | -€42,040 | -11.1% |
| Trade receivables | 40 | €18,007 | €5,967 | -€12,040 | -66.9% |
| Other amounts receivable | 41 | €361,139 | €331,139 | -€30,000 | -8.3% |
| Cash at bank and in hand | 54/58 | €10,204 | €7,585 | -€2,619 | -25.7% |
| Deferred charges and accrued income | 490/1 | €508 | €0 | -€508 | -100.0% |
| Total equity and liabilities | 10/49 | €4,196,887 | €4,072,509 | -€124,378 | -3.0% |
| Equity | 10/15 | €2,107,885 | €2,111,371 | +€3,487 | +0.2% |
| Contributions | 10/11 | €945,000 | €945,000 | = | 0.0% |
| Reserves | 13 | €1,162,885 | €1,166,371 | +€3,487 | +0.3% |
| Tax-exempt reserves | 132 | €15,995 | €14,116 | -€1,879 | -11.7% |
| Distributable reserves | 133 | €1,146,889 | €1,152,255 | +€5,366 | +0.5% |
| Provisions and deferred taxes | 16 | €8,236 | €7,269 | -€968 | -11.7% |
| Deferred taxes | 168 | €8,236 | €7,269 | -€968 | -11.7% |
| Amounts payable | 17/49 | €2,080,766 | €1,953,869 | -€126,897 | -6.1% |
| Amounts payable after more than one year | 17 | €490,460 | €398,483 | -€91,977 | -18.8% |
| Financial debts | 170/4 | €490,460 | €398,483 | -€91,977 | -18.8% |
| Amounts payable within one year | 42/48 | €1,590,045 | €1,555,386 | -€34,659 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €90,949 | €91,977 | +€1,028 | +1.1% |
| Financial debts | 43 | €282,000 | €253,800 | -€28,200 | -10.0% |
| Credit institutions | 430/8 | €282,000 | €253,800 | -€28,200 | -10.0% |
| Trade debts | 44 | €5,498 | €533 | -€4,965 | -90.3% |
| Suppliers | 440/4 | €5,498 | €533 | -€4,965 | -90.3% |
| Advances received on contracts in progress | 46 | €0 | €3,200 | +€3,200 | |
| Taxes, remuneration and social security | 45 | €5,008 | €5,399 | +€392 | +7.8% |
| Taxes | 450/3 | €4,131 | €1,015 | -€3,116 | -75.4% |
| Remuneration and social security | 454/9 | €877 | €4,385 | +€3,508 | +399.9% |
| Other amounts payable | 47/48 | €1,206,591 | €1,200,477 | -€6,114 | -0.5% |
| Accrued charges and deferred income | 492/3 | €261 | €0 | -€261 | -100.0% |
| Remuneration, social security and pensions | 62 | €31,940 | €33,975 | +€2,035 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,923 | €90,460 | -€1,463 | -1.6% |
| Other operating charges | 640/8 | €45,259 | €32,171 | -€13,088 | -28.9% |
| Gross operating margin | 9900 | €183,319 | €175,404 | -€7,915 | -4.3% |
| Operating profit (loss) | 9901 | €14,197 | €18,798 | +€4,600 | +32.4% |
| Financial income | 75/76B | €664 | €0 | -€664 | -99.9% |
| Recurring financial income | 75 | €664 | €0 | -€664 | -99.9% |
| Financial charges | 65/66B | €22,311 | €16,279 | -€6,032 | -27.0% |
| Recurring financial charges | 65 | €22,311 | €16,279 | -€6,032 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,449 | €2,519 | +€9,968 | |
| Transfer from deferred taxes | 780 | €968 | €968 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,482 | €3,487 | +€9,968 | |
| Transfer from tax-exempt reserves | 789 | €1,879 | €1,879 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,603 | €5,366 | +€9,968 |
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 8 October 2026 via checked.be.