IMMO B.V.D.H.: what changed
IMMO B.V.D.H.
Largest movements
- Receivables within one year -€105,965
down €105,965 (-2.8%), from €3.8m to €3.7m
of which Other amounts receivable: -€115,965
- Stocks and contracts +€61,182
up €61,182 (+3.2%), from €1.9m to €2.0m
of which Contracts in progress: +€260,074
- Trade debts -€62,610
down €62,610 (-86.8%), from €72,169 to €9,559
- Gross operating margin -€14,208
down €14,208 (-35.5%), from -€40,066 to -€54,275
- Financial income -€6,738
down €6,738 (-5.9%), from €114,031 to €107,293
- Financial charges +€1,205
up €1,205 (+3.7%), from €32,779 to €33,984
- Other operating charges -€552
down €552 (-30.7%), from €1,797 to €1,244
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,836,574 | €5,791,754 | -€44,819 | -0.8% |
| Fixed assets | 21/28 | €99,900 | €99,900 | = | 0.0% |
| Financial fixed assets | 28 | €99,900 | €99,900 | = | 0.0% |
| Current assets | 29/58 | €5,736,674 | €5,691,854 | -€44,819 | -0.8% |
| Stocks and contracts in progress | 3 | €1,914,393 | €1,975,575 | +€61,182 | +3.2% |
| Stocks | 30/36 | €1,914,393 | €1,715,501 | -€198,892 | -10.4% |
| Contracts in progress | 37 | - | €260,074 | +€260,074 | |
| Amounts receivable within one year | 40/41 | €3,821,580 | €3,715,615 | -€105,965 | -2.8% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €3,821,580 | €3,705,615 | -€115,965 | -3.0% |
| Cash at bank and in hand | 54/58 | €700 | €664 | -€36 | -5.1% |
| Total equity and liabilities | 10/49 | €5,836,574 | €5,791,754 | -€44,819 | -0.8% |
| Equity | 10/15 | €5,764,405 | €5,782,195 | +€17,790 | +0.3% |
| Contributions | 10/11 | €2,160,000 | €2,160,000 | = | 0.0% |
| Capital | 10 | €2,160,000 | €2,160,000 | = | 0.0% |
| Issued capital | 100 | €2,160,000 | €2,160,000 | = | 0.0% |
| Reserves | 13 | €3,604,405 | €3,622,195 | +€17,790 | +0.5% |
| Non-distributable reserves | 130/1 | €186,164 | €187,054 | +€890 | +0.5% |
| Legal reserve | 130 | €186,164 | €187,054 | +€890 | +0.5% |
| Distributable reserves | 133 | €3,418,240 | €3,435,141 | +€16,901 | +0.5% |
| Amounts payable | 17/49 | €72,169 | €9,559 | -€62,610 | -86.8% |
| Amounts payable within one year | 42/48 | €72,169 | €9,559 | -€62,610 | -86.8% |
| Trade debts | 44 | €72,169 | €9,559 | -€62,610 | -86.8% |
| Suppliers | 440/4 | €72,169 | €9,559 | -€62,610 | -86.8% |
| Other operating charges | 640/8 | €1,797 | €1,244 | -€552 | -30.7% |
| Non-recurring operating charges | 66A | €164,443 | €0 | -€164,443 | -100% |
| Gross operating margin | 9900 | -€40,066 | -€54,275 | -€14,208 | -35.5% |
| Operating profit (loss) | 9901 | -€206,306 | -€55,519 | +€150,787 | +73.1% |
| Financial income | 75/76B | €114,031 | €107,293 | -€6,738 | -5.9% |
| Recurring financial income | 75 | €114,031 | €107,293 | -€6,738 | -5.9% |
| Financial charges | 65/66B | €32,779 | €33,984 | +€1,205 | +3.7% |
| Recurring financial charges | 65 | €32,779 | €33,984 | +€1,205 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€125,054 | €17,790 | +€142,844 | |
| Profit (loss) for the period | 9904 | -€125,054 | €17,790 | +€142,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,054 | €17,790 | +€142,844 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.