BHL 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.
BHL IMMO
Largest movements
- Tangible fixed assets -€13,906
down €13,906 (-4.6%), from €303,282 to €289,377
- Cash +€13,880
up €13,880 (+94.6%), from €14,677 to €28,557
mainly Trade debts (+€20,920) and Depreciation (+€17,090)
- Receivables within one year -€7,208
down €7,208 (-75.2%), from €9,585 to €2,377
of which Trade receivables: -€7,970
- Other debts -€25,907
down €25,907 (-25.3%), from €102,367 to €76,460
- Trade debts +€20,920
up €20,920 (+462.0%), from €4,528 to €25,448
- Debts after one year -€17,994
down €17,994 (-16.1%), from €111,751 to €93,756
- Current portion of long-term debt +€11,499
new in 2025: €11,499
- Reserves +€4,582
up €4,582 (+7.1%), from €64,482 to €69,064
of which Distributable reserves: +€4,582
- Other operating charges +€14,703
new in 2025: €14,703
- Financial charges +€8,265
up €8,265 (+1442.5%), from €573 to €8,838
- Taxes -€6,247
down €6,247 (-74.5%), from €8,385 to €2,138
- Gross operating margin -€4,498
down €4,498 (-8.7%), from €51,592 to €47,094
- Depreciation -€822
down €822 (-4.6%), from €17,912 to €17,090
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 | €327,544 | €321,101 | -€6,443 | -2.0% |
| Fixed assets | 21/28 | €303,282 | €289,377 | -€13,906 | -4.6% |
| Tangible fixed assets | 22/27 | €303,282 | €289,377 | -€13,906 | -4.6% |
| Land and buildings | 22 | €303,282 | €289,377 | -€13,906 | -4.6% |
| Current assets | 29/58 | €24,262 | €31,725 | +€7,463 | +30.8% |
| Amounts receivable within one year | 40/41 | €9,585 | €2,377 | -€7,208 | -75.2% |
| Trade receivables | 40 | €7,970 | - | -€7,970 | |
| Other amounts receivable | 41 | €1,615 | €2,377 | +€762 | +47.2% |
| Cash at bank and in hand | 54/58 | €14,677 | €28,557 | +€13,880 | +94.6% |
| Deferred charges and accrued income | 490/1 | - | €790 | +€790 | |
| Total equity and liabilities | 10/49 | €327,544 | €321,101 | -€6,443 | -2.0% |
| Equity | 10/15 | €108,899 | €113,481 | +€4,582 | +4.2% |
| Contributions | 10/11 | €44,417 | €44,417 | = | 0.0% |
| Reserves | 13 | €64,482 | €69,064 | +€4,582 | +7.1% |
| Non-distributable reserves | 130/1 | €4,442 | €4,442 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,442 | €4,442 | = | 0.0% |
| Distributable reserves | 133 | €60,040 | €64,622 | +€4,582 | +7.6% |
| Amounts payable | 17/49 | €218,646 | €207,621 | -€11,025 | -5.0% |
| Amounts payable after more than one year | 17 | €111,751 | €93,756 | -€17,994 | -16.1% |
| Financial debts | 170/4 | €111,751 | €93,756 | -€17,994 | -16.1% |
| Amounts payable within one year | 42/48 | €106,895 | €113,864 | +€6,969 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,499 | +€11,499 | |
| Trade debts | 44 | €4,528 | €25,448 | +€20,920 | +462.0% |
| Suppliers | 440/4 | €4,528 | €25,448 | +€20,920 | +462.0% |
| Taxes, remuneration and social security | 45 | - | €458 | +€458 | |
| Taxes | 450/3 | - | €458 | +€458 | |
| Other amounts payable | 47/48 | €102,367 | €76,460 | -€25,907 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,912 | €17,090 | -€822 | -4.6% |
| Other operating charges | 640/8 | - | €14,703 | +€14,703 | |
| Gross operating margin | 9900 | €51,592 | €47,094 | -€4,498 | -8.7% |
| Operating profit (loss) | 9901 | €33,680 | €15,301 | -€18,379 | -54.6% |
| Financial income | 75/76B | - | €258 | +€258 | |
| Recurring financial income | 75 | - | €258 | +€258 | |
| Financial charges | 65/66B | €573 | €8,838 | +€8,265 | +1442.5% |
| Recurring financial charges | 65 | €573 | €8,838 | +€8,265 | +1442.5% |
| Profit (loss) for the period before taxes | 9903 | €33,107 | €6,720 | -€26,387 | -79.7% |
| Income taxes | 67/77 | €8,385 | €2,138 | -€6,247 | -74.5% |
| Profit (loss) for the period | 9904 | €24,722 | €4,582 | -€20,139 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,722 | €4,582 | -€20,139 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.