VRL IMMO: 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.
VRL IMMO
Largest movements
- Stocks and contracts +€60,000
up €60,000 (+4.5%), from €1.3m to €1.4m
- Short-term financial debts +€313,135
new in 2024: €313,135
- Debts after one year -€309,101
down €309,101 (-25.4%), from €1.2m to €906,667
- Other debts +€58,620
up €58,620 (+60.5%), from €96,934 to €155,554
- Gross operating margin -€28,554
down €28,554 (-34.4%), from €83,096 to €54,543
- Financial charges -€12,603
down €12,603 (-18.9%), from €66,765 to €54,162
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,352,642 | €1,412,156 | +€59,514 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €20,400 | €20,400 | = | 0.0% |
| Financial fixed assets | 28 | €20,400 | €20,400 | = | 0.0% |
| Current assets | 29/58 | €1,332,242 | €1,391,756 | +€59,514 | +4.5% |
| Stocks and contracts in progress | 3 | €1,329,396 | €1,389,396 | +€60,000 | +4.5% |
| Stocks | 30/36 | €1,329,396 | €1,389,396 | +€60,000 | +4.5% |
| Amounts receivable within one year | 40/41 | €154 | €7 | -€147 | -95.5% |
| Other amounts receivable | 41 | €154 | €7 | -€147 | -95.5% |
| Cash at bank and in hand | 54/58 | €2,692 | €2,353 | -€339 | -12.6% |
| Total equity and liabilities | 10/49 | €1,352,642 | €1,412,156 | +€59,514 | +4.4% |
| Equity | 10/15 | €26,424 | €26,805 | +€381 | +1.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,576 | -€23,195 | +€381 | +1.6% |
| Amounts payable | 17/49 | €1,326,218 | €1,385,351 | +€59,133 | +4.5% |
| Amounts payable after more than one year | 17 | €1,215,768 | €906,667 | -€309,101 | -25.4% |
| Financial debts | 170/4 | €1,215,768 | €906,667 | -€309,101 | -25.4% |
| Amounts payable within one year | 42/48 | €110,450 | €478,685 | +€368,234 | +333.4% |
| Financial debts | 43 | - | €313,135 | +€313,135 | |
| Credit institutions | 430/8 | - | €313,135 | +€313,135 | |
| Trade debts | 44 | €13,516 | €9,996 | -€3,520 | -26.0% |
| Suppliers | 440/4 | €13,516 | €9,996 | -€3,520 | -26.0% |
| Other amounts payable | 47/48 | €96,934 | €155,554 | +€58,620 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | - | -€273 | |
| Gross operating margin | 9900 | €83,096 | €54,543 | -€28,554 | -34.4% |
| Operating profit (loss) | 9901 | €82,823 | €54,543 | -€28,280 | -34.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €66,765 | €54,162 | -€12,603 | -18.9% |
| Recurring financial charges | 65 | €66,765 | €54,162 | -€12,603 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €16,058 | €381 | -€15,678 | -97.6% |
| Profit (loss) for the period | 9904 | €16,058 | €381 | -€15,678 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,058 | €381 | -€15,678 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.