VRT - 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.
VRT - IMMO
Largest movements
- Tangible fixed assets -€5,031
down €5,031 (-23.3%), from €21,549 to €16,518
of which Land and buildings: -€4,083
- Receivables within one year +€2,531
up €2,531 (+21.6%), from €11,730 to €14,261
- Cash +€1,294
up €1,294 (+14.4%), from €8,961 to €10,255
mainly Depreciation (+€5,031)
- Deferred charges and accrued income +€975
new in 2025: €975
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€87
up €87 (+13.5%), from €647 to €735
- Gross operating margin +€79
up €79 (+1.2%), from €6,645 to €6,724
- Other operating charges +€71
up €71 (+3.0%), from €2,343 to €2,415
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 | €42,241 | €42,009 | -€231 | -0.5% |
| Fixed assets | 21/28 | €21,549 | €16,518 | -€5,031 | -23.3% |
| Tangible fixed assets | 22/27 | €21,549 | €16,518 | -€5,031 | -23.3% |
| Land and buildings | 22 | €18,628 | €14,545 | -€4,083 | -21.9% |
| Furniture and vehicles | 24 | €2,921 | €1,973 | -€948 | -32.4% |
| Current assets | 29/58 | €20,691 | €25,491 | +€4,800 | +23.2% |
| Amounts receivable within one year | 40/41 | €11,730 | €14,261 | +€2,531 | +21.6% |
| Other amounts receivable | 41 | €11,730 | €14,261 | +€2,531 | +21.6% |
| Cash at bank and in hand | 54/58 | €8,961 | €10,255 | +€1,294 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €975 | +€975 | |
| Total equity and liabilities | 10/49 | €42,241 | €42,009 | -€231 | -0.5% |
| Equity | 10/15 | €42,241 | €42,009 | -€231 | -0.5% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €5,135 | €5,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,135 | €5,135 | = | 0.0% |
| Legal reserve | 130 | €5,135 | €5,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,894 | -€87,126 | -€231 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,031 | €5,031 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,343 | €2,415 | +€71 | +3.0% |
| Gross operating margin | 9900 | €6,645 | €6,724 | +€79 | +1.2% |
| Operating profit (loss) | 9901 | -€729 | -€721 | +€8 | +1.1% |
| Financial income | 75/76B | €647 | €735 | +€87 | +13.5% |
| Recurring financial income | 75 | €647 | €735 | +€87 | +13.5% |
| Financial charges | 65/66B | €209 | €248 | +€39 | +18.6% |
| Recurring financial charges | 65 | €209 | €248 | +€39 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€291 | -€235 | +€56 | +19.3% |
| Income taxes | 67/77 | €10 | -€4 | -€14 | |
| Profit (loss) for the period | 9904 | -€301 | -€231 | +€70 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€301 | -€231 | +€70 | +23.3% |
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 10 October 2026 via checked.be.