DUHO 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.
DUHO IMMO
Largest movements
- Tangible fixed assets -€48,544
down €48,544 (-2.4%), from €2.0m to €1.9m
of which Land and buildings: -€47,100
- Debts after one year -€709,258
down €709,258 (-40.1%), from €1.8m to €1.1m
- Other debts +€704,609
up €704,609 (+223.5%), from €315,313 to €1.0m
- Profit (loss) carried forward -€32,986
down €32,986 (-18.5%), from -€178,356 to -€211,341
- Other operating charges -€12,830
down €12,830 (-98.6%), from €13,008 to €179
- Financial charges -€12,464
down €12,464 (-33.2%), from €37,519 to €25,056
- Gross operating margin +€6,861
up €6,861 (+13.0%), from €52,674 to €59,535
- Depreciation +€1,279
up €1,279 (+1.9%), from €66,007 to €67,286
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 | €1,992,049 | €1,946,775 | -€45,274 | -2.3% |
| Formation expenses | 20 | €622 | €267 | -€355 | -57.1% |
| Fixed assets | 21/28 | €1,988,847 | €1,940,303 | -€48,544 | -2.4% |
| Tangible fixed assets | 22/27 | €1,988,847 | €1,940,303 | -€48,544 | -2.4% |
| Land and buildings | 22 | €1,985,146 | €1,938,045 | -€47,100 | -2.4% |
| Plant, machinery and equipment | 23 | €1,813 | €1,073 | -€740 | -40.8% |
| Furniture and vehicles | 24 | €1,889 | €1,185 | -€704 | -37.3% |
| Current assets | 29/58 | €2,580 | €6,205 | +€3,625 | +140.5% |
| Amounts receivable within one year | 40/41 | €1,950 | €0 | -€1,950 | -100.0% |
| Trade receivables | 40 | €1,950 | €0 | -€1,950 | -100.0% |
| Cash at bank and in hand | 54/58 | €510 | €0 | -€510 | -100.0% |
| Deferred charges and accrued income | 490/1 | €120 | €6,205 | +€6,085 | +5071.0% |
| Total equity and liabilities | 10/49 | €1,992,049 | €1,946,775 | -€45,274 | -2.3% |
| Equity | 10/15 | -€168,356 | -€201,341 | -€32,986 | -19.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,356 | -€211,341 | -€32,986 | -18.5% |
| Amounts payable | 17/49 | €2,160,405 | €2,148,116 | -€12,289 | -0.6% |
| Amounts payable after more than one year | 17 | €1,768,799 | €1,059,542 | -€709,258 | -40.1% |
| Financial debts | 170/4 | €1,768,799 | €1,059,542 | -€709,258 | -40.1% |
| Amounts payable within one year | 42/48 | €391,605 | €1,083,866 | +€692,261 | +176.8% |
| Current portion of amounts payable after more than one year | 42 | €60,896 | €57,130 | -€3,766 | -6.2% |
| Financial debts | 43 | - | €5,696 | +€5,696 | |
| Credit institutions | 430/8 | - | €5,696 | +€5,696 | |
| Trade debts | 44 | €14,657 | €398 | -€14,259 | -97.3% |
| Suppliers | 440/4 | €14,657 | €398 | -€14,259 | -97.3% |
| Taxes, remuneration and social security | 45 | €740 | €720 | -€20 | -2.7% |
| Taxes | 450/3 | €740 | €720 | -€20 | -2.7% |
| Other amounts payable | 47/48 | €315,313 | €1,019,922 | +€704,609 | +223.5% |
| Accrued charges and deferred income | 492/3 | - | €4,708 | +€4,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,007 | €67,286 | +€1,279 | +1.9% |
| Other operating charges | 640/8 | €13,008 | €179 | -€12,830 | -98.6% |
| Gross operating margin | 9900 | €52,674 | €59,535 | +€6,861 | +13.0% |
| Operating profit (loss) | 9901 | -€26,341 | -€7,930 | +€18,411 | +69.9% |
| Financial charges | 65/66B | €37,519 | €25,056 | -€12,464 | -33.2% |
| Recurring financial charges | 65 | €37,519 | €25,056 | -€12,464 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€63,861 | -€32,986 | +€30,875 | +48.3% |
| Profit (loss) for the period | 9904 | -€63,861 | -€32,986 | +€30,875 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,861 | -€32,986 | +€30,875 | +48.3% |
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 11 October 2026 via checked.be.