VV-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.
VV-IMMO
Largest movements
- Cash +€41,325
up €41,325 (+3880.4%), from €1,065 to €42,390
mainly Investment in fixed assets (net) (+€30,000) and Depreciation (+€13,660)
- Financial fixed assets -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€13,660
down €13,660 (-19.7%), from €69,299 to €55,638
- Deferred charges and accrued income +€12,000
new in 2025: €12,000
- Receivables within one year -€4,500
down €4,500 (-3.3%), from €134,500 to €130,000
of which Other amounts receivable: -€4,500
- Profit (loss) carried forward +€12,394
up €12,394 (+12.0%), from -€102,893 to -€90,499
- Reserves -€5,454
down €5,454 (-11.5%), from €47,552 to €42,098
of which Distributable reserves: -€4,958
- Tax, wage and social debts -€3,836
down €3,836 (-60.3%), from €6,363 to €2,526
- Gross operating margin -€13,365
down €13,365 (-31.5%), from €42,392 to €29,026
- Depreciation -€8,594
down €8,594 (-38.6%), from €22,254 to €13,660
- Financial income +€3,373
up €3,373 (+32097.8%), from €11 to €3,384
- Financial charges -€983
down €983 (-78.7%), from €1,249 to €266
- Other operating charges +€476
up €476 (+5.6%), from €8,541 to €9,017
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 | €247,569 | €252,733 | +€5,165 | +2.1% |
| Fixed assets | 21/28 | €99,299 | €55,638 | -€43,660 | -44.0% |
| Tangible fixed assets | 22/27 | €69,299 | €55,638 | -€13,660 | -19.7% |
| Land and buildings | 22 | €69,299 | €55,638 | -€13,660 | -19.7% |
| Financial fixed assets | 28 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €148,270 | €197,095 | +€48,825 | +32.9% |
| Stocks and contracts in progress | 3 | €12,705 | €12,705 | = | 0.0% |
| Stocks | 30/36 | €12,705 | €12,705 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €134,500 | €130,000 | -€4,500 | -3.3% |
| Trade receivables | 40 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 41 | €34,500 | €30,000 | -€4,500 | -13.0% |
| Cash at bank and in hand | 54/58 | €1,065 | €42,390 | +€41,325 | +3880.4% |
| Deferred charges and accrued income | 490/1 | - | €12,000 | +€12,000 | |
| Total equity and liabilities | 10/49 | €247,569 | €252,733 | +€5,165 | +2.1% |
| Equity | 10/15 | €239,658 | €246,599 | +€6,940 | +2.9% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Capital | 10 | €295,000 | €295,000 | = | 0.0% |
| Issued capital | 100 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €47,552 | €42,098 | -€5,454 | -11.5% |
| Non-distributable reserves | 130/1 | €496 | - | -€496 | |
| Legal reserve | 130 | €496 | - | -€496 | |
| Distributable reserves | 133 | €47,056 | €42,098 | -€4,958 | -10.5% |
| Profit (loss) carried forward | 14 | -€102,893 | -€90,499 | +€12,394 | +12.0% |
| Amounts payable | 17/49 | €7,910 | €6,135 | -€1,776 | -22.4% |
| Amounts payable after more than one year | 17 | - | €1,900 | +€1,900 | |
| Other amounts payable | 178/9 | - | €1,900 | +€1,900 | |
| Amounts payable within one year | 42/48 | €7,887 | €4,235 | -€3,652 | -46.3% |
| Trade debts | 44 | €324 | €1,708 | +€1,384 | +426.9% |
| Suppliers | 440/4 | €324 | €1,708 | +€1,384 | +426.9% |
| Taxes, remuneration and social security | 45 | €6,363 | €2,526 | -€3,836 | -60.3% |
| Taxes | 450/3 | €6,363 | €2,526 | -€3,836 | -60.3% |
| Other amounts payable | 47/48 | €1,200 | - | -€1,200 | |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,254 | €13,660 | -€8,594 | -38.6% |
| Other operating charges | 640/8 | €8,541 | €9,017 | +€476 | +5.6% |
| Gross operating margin | 9900 | €42,392 | €29,026 | -€13,365 | -31.5% |
| Operating profit (loss) | 9901 | €11,596 | €6,349 | -€5,247 | -45.3% |
| Financial income | 75/76B | €11 | €3,384 | +€3,373 | +32097.8% |
| Recurring financial income | 75 | €11 | €3,384 | +€3,373 | +32097.8% |
| Financial charges | 65/66B | €1,249 | €266 | -€983 | -78.7% |
| Recurring financial charges | 65 | €1,249 | €266 | -€983 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €10,358 | €9,467 | -€891 | -8.6% |
| Income taxes | 67/77 | €2,822 | €2,526 | -€296 | -10.5% |
| Profit (loss) for the period | 9904 | €7,535 | €6,940 | -€595 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,535 | €6,940 | -€595 | -7.9% |
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 29 September 2026 via checked.be.