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IMMO DE VENNE: 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

IMMO DE VENNE

BE 0441.908.343
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€30,573
2024 · -€37,546+€6,973
Equity
€6.1m
2024 · €6.2m-€30,573
Cash
€113,244
2024 · €764,602-€651,357
Balance sheet total
€6.3m
2024 · €6.4m-€149,806

Largest movements

2024 to 2025
Assets
  • Cash -€651,357

    down €651,357 (-85.2%), from €764,602 to €113,244

    mainly Investment in fixed assets (net) (-€458,799) and Current investments (-€100,000)

  • Tangible fixed assets +€393,409

    up €393,409 (+18.7%), from €2.1m to €2.5m

    of which Land and buildings: +€393,409

  • Current investments +€100,000

    up €100,000 (+2.9%), from €3.5m to €3.6m

Equity and liabilities
  • Debts after one year -€88,153

    down €88,153 (-55.5%), from €158,944 to €70,791

    of which Financial debts: -€88,153

Income statement
  • Gross operating margin +€53,393

    up €53,393 (+100.4%), from €53,191 to €106,584

  • Other operating charges +€47,309

    up €47,309 (+236.0%), from €20,049 to €67,358

  • Depreciation +€5,867

    up €5,867 (+9.9%), from €59,522 to €65,389

  • Taxes -€3,746

    down €3,746 (-100.0%), from €3,746 to €0

  • Financial charges -€3,157

    down €3,157 (-26.1%), from €12,110 to €8,953

From the 2024 result to the 2025 result

effect on the 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 -€37,546
Gross operating margin +€53,393
Depreciation -€5,867
Other operating charges -€47,309
Financial income -€147
Financial charges +€3,157
Taxes +€3,746
Result 2025 -€30,573

Cash bridge derived

cash 2024 to 2025

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 -€7,700
Investment -€558,799
Financing -€84,859
Cash 2024 €764,602
Net result for the year -€30,573
Depreciation +€65,389
Receivables within one year -€4,102
Deferred charges and accrued income -€4,039
Trade debts -€18,410
Tax, wage and social debts -€965
Accrued charges and deferred income -€15,000
Investment in fixed assets (net) -€458,799
Current investments -€100,000
Debts after one year -€88,153
Current portion of long-term debt +€3,295
Cash 2025 €113,244
Every line side by side 51 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,442,663 €6,292,856 -€149,806 -2.3%
Fixed assets 21/28 €2,107,779 €2,501,188 +€393,409 +18.7%
Tangible fixed assets 22/27 €2,107,760 €2,501,170 +€393,409 +18.7%
Land and buildings 22 €2,107,760 €2,501,170 +€393,409 +18.7%
Furniture and vehicles 24 - €0 =
Financial fixed assets 28 €19 €19 = 0.0%
Current assets 29/58 €4,334,884 €3,791,668 -€543,216 -12.5%
Amounts receivable within one year 40/41 €70,253 €74,355 +€4,102 +5.8%
Other amounts receivable 41 €70,253 €74,355 +€4,102 +5.8%
Current investments 50/53 €3,500,000 €3,600,000 +€100,000 +2.9%
Cash at bank and in hand 54/58 €764,602 €113,244 -€651,357 -85.2%
Deferred charges and accrued income 490/1 €29 €4,068 +€4,039 +13992.0%
Total equity and liabilities 10/49 €6,442,663 €6,292,856 -€149,806 -2.3%
Equity 10/15 €6,152,438 €6,121,865 -€30,573 -0.5%
Contributions 10/11 €1,300,000 €1,300,000 = 0.0%
Capital 10 - €1,300,000 +€1.3m
Issued capital 100 - €1,300,000 +€1.3m
Outside capital 11 €1,300,000 - -€1.3m
Other 1109/19 €1,300,000 - -€1.3m
Reserves 13 €4,852,438 €4,821,865 -€30,573 -0.6%
Non-distributable reserves 130/1 €3,649,976 €3,649,976 = 0.0%
Legal reserve 130 - €149,976 +€149,976
Reserves not available under the articles 1311 €149,976 - -€149,976
Own shares acquired 1312 €3,500,000 €3,500,000 = 0.0%
Tax-exempt reserves 132 €791,526 €763,972 -€27,554 -3.5%
Distributable reserves 133 €410,936 €407,917 -€3,019 -0.7%
Amounts payable 17/49 €290,225 €170,992 -€119,233 -41.1%
Amounts payable after more than one year 17 €158,944 €70,791 -€88,153 -55.5%
Financial debts 170/4 €158,719 €70,565 -€88,153 -55.5%
Other amounts payable 178/9 €225 €225 = 0.0%
Amounts payable within one year 42/48 €116,281 €100,201 -€16,080 -13.8%
Current portion of amounts payable after more than one year 42 €84,859 €88,153 +€3,295 +3.9%
Trade debts 44 €19,545 €1,136 -€18,410 -94.2%
Suppliers 440/4 €19,545 €1,136 -€18,410 -94.2%
Taxes, remuneration and social security 45 €965 - -€965
Taxes 450/3 €965 - -€965
Other amounts payable 47/48 €10,912 €10,912 = 0.0%
Accrued charges and deferred income 492/3 €15,000 - -€15,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €59,522 €65,389 +€5,867 +9.9%
Other operating charges 640/8 €20,049 €67,358 +€47,309 +236.0%
Gross operating margin 9900 €53,191 €106,584 +€53,393 +100.4%
Operating profit (loss) 9901 -€26,380 -€26,164 +€217 +0.8%
Financial income 75/76B €4,691 €4,544 -€147 -3.1%
Recurring financial income 75 €4,691 €4,544 -€147 -3.1%
Financial charges 65/66B €12,110 €8,953 -€3,157 -26.1%
Recurring financial charges 65 €12,110 €8,953 -€3,157 -26.1%
Profit (loss) for the period before taxes 9903 -€33,800 -€30,573 +€3,227 +9.5%
Income taxes 67/77 €3,746 €0 -€3,746 -100.0%
Profit (loss) for the period 9904 -€37,546 -€30,573 +€6,973 +18.6%
Transfer from tax-exempt reserves 789 €38,010 €27,554 -€10,456 -27.5%
Profit (loss) for the period to be appropriated 9905 €464 -€3,019 -€3,483

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 28 September 2026 via checked.be.