HET IMMOHUIS: 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.
HET IMMOHUIS
Largest movements
- Tangible fixed assets +€272,106
up €272,106 (+14.5%), from €1.9m to €2.2m
of which Land and buildings: +€273,483
- Current investments +€230,000
up €230,000 (+1100.5%), from €20,900 to €250,900
- Cash -€135,454
down €135,454 (-25.0%), from €542,676 to €407,222
mainly Investment in fixed assets (net) (-€343,602) and Current investments (-€230,000)
- Debts after one year +€188,861
up €188,861 (+53.5%), from €353,030 to €541,891
- Reserves +€185,363
up €185,363 (+9.4%), from €2.0m to €2.2m
- Current portion of long-term debt +€32,773
up €32,773 (+56.2%), from €58,366 to €91,139
- Other operating charges -€68,852
down €68,852 (-56.6%), from €121,664 to €52,812
- Taxes +€20,135
up €20,135 (+17.2%), from €116,927 to €137,062
- Gross operating margin +€15,042
up €15,042 (+2.4%), from €632,889 to €647,932
- Financial income -€9,409
down €9,409 (-67.8%), from €13,878 to €4,470
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 | €2,512,428 | €2,857,576 | +€345,149 | +13.7% |
| Fixed assets | 21/28 | €1,878,465 | €2,150,570 | +€272,106 | +14.5% |
| Tangible fixed assets | 22/27 | €1,878,232 | €2,150,338 | +€272,106 | +14.5% |
| Land and buildings | 22 | €1,866,796 | €2,140,279 | +€273,483 | +14.6% |
| Plant, machinery and equipment | 23 | €466 | €1,252 | +€786 | +168.8% |
| Furniture and vehicles | 24 | €10,971 | €8,807 | -€2,164 | -19.7% |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €633,963 | €707,006 | +€73,043 | +11.5% |
| Amounts receivable within one year | 40/41 | €70,296 | €46,598 | -€23,698 | -33.7% |
| Trade receivables | 40 | €70,170 | €12,206 | -€57,965 | -82.6% |
| Other amounts receivable | 41 | €126 | €34,392 | +€34,267 | +27286.9% |
| Current investments | 50/53 | €20,900 | €250,900 | +€230,000 | +1100.5% |
| Cash at bank and in hand | 54/58 | €542,676 | €407,222 | -€135,454 | -25.0% |
| Deferred charges and accrued income | 490/1 | €91 | €2,286 | +€2,195 | +2407.3% |
| Total equity and liabilities | 10/49 | €2,512,428 | €2,857,576 | +€345,149 | +13.7% |
| Equity | 10/15 | €1,978,608 | €2,163,971 | +€185,363 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,966,208 | €2,151,571 | +€185,363 | +9.4% |
| Distributable reserves | 133 | €1,966,208 | €2,151,571 | +€185,363 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €533,820 | €693,605 | +€159,785 | +29.9% |
| Amounts payable after more than one year | 17 | €353,030 | €541,891 | +€188,861 | +53.5% |
| Financial debts | 170/4 | €353,030 | €541,891 | +€188,861 | +53.5% |
| Amounts payable within one year | 42/48 | €169,047 | €146,226 | -€22,821 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €58,366 | €91,139 | +€32,773 | +56.2% |
| Trade debts | 44 | €38,029 | €11,164 | -€26,865 | -70.6% |
| Suppliers | 440/4 | €38,029 | €11,164 | -€26,865 | -70.6% |
| Taxes, remuneration and social security | 45 | €63,672 | €41,975 | -€21,697 | -34.1% |
| Taxes | 450/3 | €63,672 | €41,975 | -€21,697 | -34.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,982 | €1,949 | -€7,033 | -78.3% |
| Accrued charges and deferred income | 492/3 | €11,742 | €5,488 | -€6,255 | -53.3% |
| Non-recurring operating income | 76A | - | €17,750 | +€17,750 | |
| Remuneration, social security and pensions | 62 | €81,833 | €83,888 | +€2,055 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,382 | €71,496 | +€6,115 | +9.4% |
| Other operating charges | 640/8 | €121,664 | €52,812 | -€68,852 | -56.6% |
| Non-recurring operating charges | 66A | €0 | €439 | +€439 | |
| Gross operating margin | 9900 | €632,889 | €647,932 | +€15,042 | +2.4% |
| Operating profit (loss) | 9901 | €364,011 | €439,297 | +€75,286 | +20.7% |
| Financial income | 75/76B | €13,878 | €4,470 | -€9,409 | -67.8% |
| Recurring financial income | 75 | €13,878 | €4,470 | -€9,409 | -67.8% |
| Financial charges | 65/66B | €16,953 | €16,079 | -€874 | -5.2% |
| Recurring financial charges | 65 | €16,953 | €16,079 | -€874 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €360,936 | €427,688 | +€66,752 | +18.5% |
| Income taxes | 67/77 | €116,927 | €137,062 | +€20,135 | +17.2% |
| Profit (loss) for the period | 9904 | €244,010 | €290,626 | +€46,617 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,010 | €290,626 | +€46,617 | +19.1% |
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 8 October 2026 via checked.be.