IMMO B & H: 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.
IMMO B & H
Largest movements
- Intangible fixed assets -€539,597
down €539,597 (-25.0%), from €2.2m to €1.6m
- Cash +€225,599
up €225,599 (+23,331%), from €967 to €226,566
mainly Other debts (+€3.0m) and Depreciation (+€545,834)
- Tangible fixed assets -€142,974
down €142,974 (-65.4%), from €218,734 to €75,760
of which Furniture and vehicles: -€84,585
- Other debts +€3.0m
new in 2025: €3.0m
- Debts after one year -€2.1m
no longer reported in 2025 (was €2.1m)
- Short-term financial debts -€1.3m
no longer reported in 2025 (was €1.3m)
of which Credit institutions: -€1.2m
- Tax, wage and social debts -€51,927
down €51,927 (-99.6%), from €52,122 to €195
of which Taxes: -€50,706
- Financial charges -€177,498
down €177,498 (-56.3%), from €315,039 to €137,541
- Gross operating margin -€173,240
down €173,240 (-19.0%), from €912,060 to €738,820
- Purchases and services -€109,549
down €109,549 (-40.1%), from €273,275 to €163,727
- Write-downs +€50,000
new in 2025: €50,000
- Depreciation -€16,688
down €16,688 (-3.0%), from €562,522 to €545,834
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 | €4,403,335 | €3,925,521 | -€477,814 | -10.9% |
| Fixed assets | 21/28 | €2,392,392 | €1,709,821 | -€682,571 | -28.5% |
| Intangible fixed assets | 21 | €2,158,388 | €1,618,791 | -€539,597 | -25.0% |
| Tangible fixed assets | 22/27 | €218,734 | €75,760 | -€142,974 | -65.4% |
| Land and buildings | 22 | €133,013 | €74,978 | -€58,035 | -43.6% |
| Plant, machinery and equipment | 23 | €1,135 | €782 | -€354 | -31.1% |
| Furniture and vehicles | 24 | €84,585 | €0 | -€84,585 | -100% |
| Financial fixed assets | 28 | €15,270 | €15,270 | = | 0.0% |
| Current assets | 29/58 | €2,010,944 | €2,215,701 | +€204,757 | +10.2% |
| Stocks and contracts in progress | 3 | €1,908,836 | €1,880,400 | -€28,436 | -1.5% |
| Stocks | 30/36 | €1,908,836 | €1,880,400 | -€28,436 | -1.5% |
| Amounts receivable within one year | 40/41 | €101,140 | €108,396 | +€7,255 | +7.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €101,140 | €108,396 | +€7,255 | +7.2% |
| Cash at bank and in hand | 54/58 | €967 | €226,566 | +€225,599 | +23,331% |
| Deferred charges and accrued income | 490/1 | €0 | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €4,403,335 | €3,925,521 | -€477,814 | -10.9% |
| Equity | 10/15 | €974,180 | €964,426 | -€9,753 | -1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €738,362 | €738,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €236,200 | +€230,000 | +3,710% |
| Legal reserve | 130 | €6,200 | €236,200 | +€230,000 | +3,710% |
| Tax-exempt reserves | 132 | €502,162 | €223,130 | -€279,032 | -55.6% |
| Distributable reserves | 133 | €230,000 | €279,032 | +€49,032 | +21.3% |
| Profit (loss) carried forward | 14 | €173,818 | €164,065 | -€9,753 | -5.6% |
| Amounts payable | 17/49 | €3,429,156 | €2,961,095 | -€468,061 | -13.6% |
| Amounts payable after more than one year | 17 | €2,100,000 | - | -€2.1m | |
| Financial debts | 170/4 | €2,100,000 | - | -€2.1m | |
| Amounts payable within one year | 42/48 | €1,329,156 | €2,961,095 | +€1.6m | +123% |
| Financial debts | 43 | €1,273,496 | - | -€1.3m | |
| Credit institutions | 430/8 | €1,248,496 | - | -€1.2m | |
| Other loans | 439 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €3,537 | €1,397 | -€2,140 | -60.5% |
| Suppliers | 440/4 | €3,537 | €1,397 | -€2,140 | -60.5% |
| Taxes, remuneration and social security | 45 | €52,122 | €195 | -€51,927 | -99.6% |
| Taxes | 450/3 | €50,901 | €195 | -€50,706 | -99.6% |
| Remuneration and social security | 454/9 | €1,221 | - | -€1,221 | |
| Other amounts payable | 47/48 | - | €2,959,503 | +€3.0m | |
| Turnover | 70 | €106,345 | €103,853 | -€2,493 | -2.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €273,275 | €163,727 | -€109,549 | -40.1% |
| Remuneration, social security and pensions | 62 | €1,055 | €672 | -€383 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562,522 | €545,834 | -€16,688 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €14,276 | €6,071 | -€8,205 | -57.5% |
| Non-recurring operating charges | 66A | - | €9,079 | +€9,079 | |
| Gross operating margin | 9900 | €912,060 | €738,820 | -€173,240 | -19.0% |
| Operating profit (loss) | 9901 | €334,207 | €127,165 | -€207,042 | -62.0% |
| Financial income | 75/76B | €7,065 | €1,217 | -€5,847 | -82.8% |
| Recurring financial income | 75 | €7,065 | €1,217 | -€5,847 | -82.8% |
| Financial charges | 65/66B | €315,039 | €137,541 | -€177,498 | -56.3% |
| Recurring financial charges | 65 | €315,039 | €137,541 | -€177,498 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €26,233 | -€9,158 | -€35,391 | |
| Income taxes | 67/77 | €87 | €595 | +€508 | +584% |
| Profit (loss) for the period | 9904 | €26,146 | -€9,753 | -€35,899 | |
| Transfer from tax-exempt reserves | 789 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,146 | €263,897 | +€237,751 | +909% |
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 18 October 2026 via checked.be.