B.H. 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.
B.H. IMMO
Largest movements
- Tangible fixed assets +€482,276
up €482,276 (+487%), from €99,060 to €581,336
of which Land and buildings: +€484,382
- Receivables within one year +€25,800
up €25,800 (+103%), from €25,002 to €50,802
- Cash -€8,803
down €8,803 (-74.2%), from €11,869 to €3,066
mainly Investment in fixed assets (net) (-€493,124) and Receivables within one year (-€25,800)
- Debts after one year +€333,261
up €333,261 (+688%), from €48,419 to €381,680
of which Financial debts: +€333,261
- Other debts +€134,678
new in 2025: €134,678
- Current portion of long-term debt +€18,854
up €18,854 (+173%), from €10,879 to €29,733
- Profit (loss) carried forward +€14,606
up €14,606, from -€8,094 to €6,512
- Gross operating margin +€7,730
up €7,730 (+28.2%), from €27,383 to €35,113
- Depreciation +€2,787
up €2,787 (+34.6%), from €8,061 to €10,848
- Taxes +€2,276
up €2,276 (+71.3%), from €3,192 to €5,468
- Financial charges +€1,226
up €1,226 (+84.7%), from €1,447 to €2,673
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.
Derived cash bridge
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 | €137,544 | €637,256 | +€499,712 | +363% |
| Fixed assets | 21/28 | €99,060 | €581,336 | +€482,276 | +487% |
| Tangible fixed assets | 22/27 | €99,060 | €581,336 | +€482,276 | +487% |
| Land and buildings | 22 | €93,649 | €578,031 | +€484,382 | +517% |
| Plant, machinery and equipment | 23 | €5,284 | €3,179 | -€2,106 | -39.9% |
| Furniture and vehicles | 24 | €127 | €127 | = | 0.0% |
| Current assets | 29/58 | €38,484 | €55,920 | +€17,436 | +45.3% |
| Amounts receivable within one year | 40/41 | €25,002 | €50,802 | +€25,800 | +103% |
| Other amounts receivable | 41 | €25,002 | €50,802 | +€25,800 | +103% |
| Cash at bank and in hand | 54/58 | €11,869 | €3,066 | -€8,803 | -74.2% |
| Deferred charges and accrued income | 490/1 | €1,613 | €2,052 | +€439 | +27.2% |
| Total equity and liabilities | 10/49 | €137,544 | €637,256 | +€499,712 | +363% |
| Equity | 10/15 | €66,906 | €81,512 | +€14,606 | +21.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,094 | €6,512 | +€14,606 | |
| Amounts payable | 17/49 | €70,638 | €555,744 | +€485,106 | +687% |
| Amounts payable after more than one year | 17 | €48,419 | €381,680 | +€333,261 | +688% |
| Financial debts | 170/4 | €42,949 | €376,209 | +€333,261 | +776% |
| Other amounts payable | 178/9 | €5,471 | €5,471 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,871 | €174,064 | +€152,193 | +696% |
| Current portion of amounts payable after more than one year | 42 | €10,879 | €29,733 | +€18,854 | +173% |
| Trade debts | 44 | €3,422 | €992 | -€2,430 | -71.0% |
| Suppliers | 440/4 | €3,422 | €992 | -€2,430 | -71.0% |
| Taxes, remuneration and social security | 45 | €7,570 | €8,661 | +€1,091 | +14.4% |
| Taxes | 450/3 | €7,570 | €8,661 | +€1,091 | +14.4% |
| Other amounts payable | 47/48 | - | €134,678 | +€134,678 | |
| Accrued charges and deferred income | 492/3 | €348 | €0 | -€348 | -100% |
| Non-recurring operating income | 76A | €0 | €2,321 | +€2,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,061 | €10,848 | +€2,787 | +34.6% |
| Other operating charges | 640/8 | €1,472 | €1,518 | +€46 | +3.1% |
| Gross operating margin | 9900 | €27,383 | €35,113 | +€7,730 | +28.2% |
| Operating profit (loss) | 9901 | €17,850 | €22,747 | +€4,897 | +27.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,447 | €2,673 | +€1,226 | +84.7% |
| Recurring financial charges | 65 | €1,447 | €2,673 | +€1,226 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €16,403 | €20,075 | +€3,672 | +22.4% |
| Income taxes | 67/77 | €3,192 | €5,468 | +€2,276 | +71.3% |
| Profit (loss) for the period | 9904 | €13,210 | €14,606 | +€1,396 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,210 | €14,606 | +€1,396 | +10.6% |
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 14 October 2026 via checked.be.