VW 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.
VW Immo
Largest movements
- Tangible fixed assets -€14,833
down €14,833 (-3.3%), from €449,215 to €434,382
- Cash +€8,305
up €8,305 (+222.3%), from €3,737 to €12,042
mainly Depreciation (+€14,833) and Net result for the year (+€12,850)
- Debts after one year -€25,436
down €25,436 (-7.1%), from €357,127 to €331,690
of which Financial debts: -€25,436
- Reserves +€12,850
up €12,850 (+26.7%), from €48,060 to €60,910
- Tax, wage and social debts +€5,486
up €5,486 (+215.1%), from €2,551 to €8,036
- Gross operating margin +€3,404
up €3,404 (+8.6%), from €39,624 to €43,028
- Taxes +€1,383
up €1,383 (+27.4%), from €5,047 to €6,430
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 | €453,148 | €446,441 | -€6,707 | -1.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €449,215 | €434,382 | -€14,833 | -3.3% |
| Tangible fixed assets | 22/27 | €449,215 | €434,382 | -€14,833 | -3.3% |
| Land and buildings | 22 | €449,215 | €434,382 | -€14,833 | -3.3% |
| Current assets | 29/58 | €3,932 | €12,059 | +€8,127 | +206.7% |
| Amounts receivable within one year | 40/41 | €196 | €17 | -€179 | -91.3% |
| Other amounts receivable | 41 | €196 | €17 | -€179 | -91.3% |
| Cash at bank and in hand | 54/58 | €3,737 | €12,042 | +€8,305 | +222.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €453,148 | €446,441 | -€6,707 | -1.5% |
| Equity | 10/15 | €68,208 | €81,058 | +€12,850 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,060 | €60,910 | +€12,850 | +26.7% |
| Distributable reserves | 133 | €48,060 | €60,910 | +€12,850 | +26.7% |
| Profit (loss) carried forward | 14 | €1,548 | €1,548 | +€0 | 0.0% |
| Amounts payable | 17/49 | €384,940 | €365,383 | -€19,557 | -5.1% |
| Amounts payable after more than one year | 17 | €357,127 | €331,690 | -€25,436 | -7.1% |
| Financial debts | 170/4 | €352,727 | €327,290 | -€25,436 | -7.2% |
| Other amounts payable | 178/9 | €4,400 | €4,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,593 | €33,473 | +€5,880 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €25,043 | €25,436 | +€394 | +1.6% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €2,551 | €8,036 | +€5,486 | +215.1% |
| Taxes | 450/3 | €2,551 | €8,036 | +€5,486 | +215.1% |
| Accrued charges and deferred income | 492/3 | €220 | €220 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,990 | €14,833 | -€157 | -1.0% |
| Other operating charges | 640/8 | €3,362 | €3,390 | +€28 | +0.8% |
| Gross operating margin | 9900 | €39,624 | €43,028 | +€3,404 | +8.6% |
| Operating profit (loss) | 9901 | €21,272 | €24,805 | +€3,533 | +16.6% |
| Financial charges | 65/66B | €5,915 | €5,524 | -€390 | -6.6% |
| Recurring financial charges | 65 | €5,915 | €5,524 | -€390 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €15,358 | €19,281 | +€3,923 | +25.5% |
| Income taxes | 67/77 | €5,047 | €6,430 | +€1,383 | +27.4% |
| Profit (loss) for the period | 9904 | €10,310 | €12,850 | +€2,540 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,310 | €12,850 | +€2,540 | +24.6% |
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 6 October 2026 via checked.be.