IMHAUS: 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.
IMHAUS
Largest movements
- Tangible fixed assets +€137,976
up €137,976 (+7.2%), from €1.9m to €2.0m
of which Land and buildings: +€108,832
- Cash -€136,672
down €136,672 (-85.3%), from €160,247 to €23,575
mainly Investment in fixed assets (net) (-€273,594) and Tax, wage and social debts (-€53,079)
- Tax, wage and social debts -€53,079
no longer reported in 2025 (was €53,079)
- Advances received +€24,250
new in 2025: €24,250
- Depreciation +€35,423
up €35,423 (+35.4%), from €100,195 to €135,618
- Gross operating margin +€11,431
up €11,431 (+6.2%), from €185,149 to €196,579
- Taxes -€8,525
down €8,525 (-72.9%), from €11,698 to €3,174
- Other operating charges +€3,660
up €3,660 (+25.2%), from €14,530 to €18,191
- Financial charges -€3,325
down €3,325 (-9.5%), from €34,988 to €31,663
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 | €2,071,751 | €2,078,213 | +€6,462 | +0.3% |
| Fixed assets | 21/28 | €1,911,504 | €2,049,480 | +€137,976 | +7.2% |
| Tangible fixed assets | 22/27 | €1,911,504 | €2,049,480 | +€137,976 | +7.2% |
| Land and buildings | 22 | €1,698,950 | €1,807,782 | +€108,832 | +6.4% |
| Plant, machinery and equipment | 23 | €210,593 | €240,273 | +€29,680 | +14.1% |
| Furniture and vehicles | 24 | €1,962 | €1,426 | -€536 | -27.3% |
| Current assets | 29/58 | €160,247 | €28,732 | -€131,514 | -82.1% |
| Amounts receivable within one year | 40/41 | - | €5,157 | +€5,157 | |
| Other amounts receivable | 41 | - | €5,157 | +€5,157 | |
| Cash at bank and in hand | 54/58 | €160,247 | €23,575 | -€136,672 | -85.3% |
| Total equity and liabilities | 10/49 | €2,071,751 | €2,078,213 | +€6,462 | +0.3% |
| Equity | 10/15 | €177,559 | €186,097 | +€8,538 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €134,113 | €134,113 | = | 0.0% |
| Distributable reserves | 133 | €134,113 | €134,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,446 | €31,984 | +€8,538 | +36.4% |
| Amounts payable | 17/49 | €1,894,193 | €1,892,116 | -€2,077 | -0.1% |
| Amounts payable after more than one year | 17 | €1,591,685 | €1,582,248 | -€9,437 | -0.6% |
| Financial debts | 170/4 | €1,591,667 | €1,582,230 | -€9,437 | -0.6% |
| Other amounts payable | 178/9 | €18 | €18 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,507 | €309,868 | +€7,361 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €110,292 | €127,927 | +€17,635 | +16.0% |
| Trade debts | 44 | €8,397 | €6,362 | -€2,035 | -24.2% |
| Suppliers | 440/4 | €8,397 | €6,362 | -€2,035 | -24.2% |
| Advances received on contracts in progress | 46 | - | €24,250 | +€24,250 | |
| Taxes, remuneration and social security | 45 | €53,079 | - | -€53,079 | |
| Taxes | 450/3 | €53,079 | - | -€53,079 | |
| Other amounts payable | 47/48 | €130,739 | €151,329 | +€20,590 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,195 | €135,618 | +€35,423 | +35.4% |
| Other operating charges | 640/8 | €14,530 | €18,191 | +€3,660 | +25.2% |
| Non-recurring operating charges | 66A | -€1,818 | - | +€1,818 | |
| Gross operating margin | 9900 | €185,149 | €196,579 | +€11,431 | +6.2% |
| Operating profit (loss) | 9901 | €72,241 | €42,771 | -€29,470 | -40.8% |
| Financial income | 75/76B | €871 | €604 | -€267 | -30.7% |
| Recurring financial income | 75 | €871 | €604 | -€267 | -30.7% |
| Financial charges | 65/66B | €34,988 | €31,663 | -€3,325 | -9.5% |
| Recurring financial charges | 65 | €34,988 | €31,663 | -€3,325 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €38,124 | €11,712 | -€26,412 | -69.3% |
| Income taxes | 67/77 | €11,698 | €3,174 | -€8,525 | -72.9% |
| Profit (loss) for the period | 9904 | €26,426 | €8,538 | -€17,888 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,426 | €8,538 | -€17,888 | -67.7% |
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.