IMMO BLOKHUIS: what changed
What changed
IMMO BLOKHUIS
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€529,497-€816,985
Equity
€9.3m
2024 · €10.6m-€1.3m
Cash
€450,428
2024 · €217,433+€232,995
Balance sheet total
€44.6m
2024 · €45.9m-€1.4m
Largest movements
Assets
- Receivables within one year -€976,637
down €976,637 (-86.6%), from €1.1m to €150,900
of which Trade receivables: -€919,615
- Tangible fixed assets -€750,239
down €750,239 (-1.7%), from €44.2m to €43.4m
of which Land and buildings: -€1.3m
Equity and liabilities
- Other debts +€3.0m
up €3.0m (+264%), from €1.1m to €4.1m
- Trade debts -€2.7m
down €2.7m (-76.8%), from €3.5m to €814,608
- Profit (loss) carried forward -€1.3m
down €1.3m (-186%), from -€722,788 to -€2.1m
Income statement
- Financial charges +€865,905
up €865,905 (+179%), from €484,773 to €1.4m
- Gross operating margin +€514,316
up €514,316 (+50.4%), from €1.0m to €1.5m
- Depreciation +€460,676
up €460,676 (+44.4%), from €1.0m to €1.5m
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.
Result 2024
-€529,497
Gross operating margin
+€514,316
Depreciation
-€460,676
Other operating charges
-€6,179
Other operating items
+€1,458
Financial income
+€1
Financial charges
-€865,905
Result 2025
-€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€748,546
Financing
-€300,000
Cash 2024
€217,433
From operations (derived)
+€1.3m
Net result for the year
-€1.3m
Depreciation
+€1.5m
Receivables within one year
+€976,637
Deferred charges and accrued income
-€120,487
Trade debts
-€2.7m
Tax, wage and social debts
-€77,082
Other debts
+€3.0m
Accrued charges and deferred income
+€94,445
Investment (derived)
-€748,546
Investment in fixed assets (net)
-€748,546
Financing
-€300,000
Short-term financial debts
-€300,000
Cash 2025
€450,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,929,497 | €44,556,104 | -€1.4m | -3.0% |
| Fixed assets | 21/28 | €44,171,174 | €43,420,935 | -€750,239 | -1.7% |
| Tangible fixed assets | 22/27 | €44,161,324 | €43,411,085 | -€750,239 | -1.7% |
| Land and buildings | 22 | €43,498,760 | €42,205,221 | -€1.3m | -3.0% |
| Plant, machinery and equipment | 23 | €16,691 | €289,151 | +€272,460 | +1,632% |
| Furniture and vehicles | 24 | €55,968 | €51,772 | -€4,196 | -7.5% |
| Other tangible fixed assets | 26 | €589,905 | €864,941 | +€275,036 | +46.6% |
| Financial fixed assets | 28 | €9,850 | €9,850 | = | 0.0% |
| Current assets | 29/58 | €1,758,324 | €1,135,169 | -€623,154 | -35.4% |
| Amounts receivable within one year | 40/41 | €1,127,537 | €150,900 | -€976,637 | -86.6% |
| Trade receivables | 40 | €1,064,295 | €144,681 | -€919,615 | -86.4% |
| Other amounts receivable | 41 | €63,241 | €6,220 | -€57,022 | -90.2% |
| Cash at bank and in hand | 54/58 | €217,433 | €450,428 | +€232,995 | +107% |
| Deferred charges and accrued income | 490/1 | €413,354 | €533,841 | +€120,487 | +29.1% |
| Total equity and liabilities | 10/49 | €45,929,497 | €44,556,104 | -€1.4m | -3.0% |
| Equity | 10/15 | €10,638,768 | €9,292,286 | -€1.3m | -12.7% |
| Contributions | 10/11 | €11,349,295 | €11,349,295 | = | 0.0% |
| Capital | 10 | €11,349,295 | €11,349,295 | = | 0.0% |
| Issued capital | 100 | €11,349,295 | €11,349,295 | = | 0.0% |
| Reserves | 13 | €12,261 | €12,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,261 | €12,261 | = | 0.0% |
| Legal reserve | 130 | €12,261 | €12,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€722,788 | -€2,069,270 | -€1.3m | -186% |
| Amounts payable | 17/49 | €35,290,729 | €35,263,818 | -€26,911 | -0.1% |
| Amounts payable within one year | 42/48 | €34,714,822 | €34,593,466 | -€121,356 | -0.3% |
| Financial debts | 43 | €30,000,000 | €29,700,000 | -€300,000 | -1.0% |
| Credit institutions | 430/8 | €30,000,000 | €29,700,000 | -€300,000 | -1.0% |
| Trade debts | 44 | €3,517,168 | €814,608 | -€2.7m | -76.8% |
| Suppliers | 440/4 | €3,517,168 | €814,608 | -€2.7m | -76.8% |
| Taxes, remuneration and social security | 45 | €77,082 | - | -€77,082 | |
| Taxes | 450/3 | €77,082 | - | -€77,082 | |
| Other amounts payable | 47/48 | €1,120,572 | €4,078,858 | +€3.0m | +264% |
| Accrued charges and deferred income | 492/3 | €575,907 | €670,352 | +€94,445 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038,109 | €1,498,785 | +€460,676 | +44.4% |
| Other operating charges | 640/8 | €25,716 | €31,895 | +€6,179 | +24.0% |
| Non-recurring operating charges | 66A | €1,458 | - | -€1,458 | |
| Gross operating margin | 9900 | €1,020,559 | €1,534,875 | +€514,316 | +50.4% |
| Operating profit (loss) | 9901 | -€44,724 | €4,195 | +€48,919 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €484,773 | €1,350,678 | +€865,905 | +179% |
| Recurring financial charges | 65 | €484,773 | €1,350,678 | +€865,905 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€529,497 | -€1,346,482 | -€816,985 | -154% |
| Profit (loss) for the period | 9904 | -€529,497 | -€1,346,482 | -€816,985 | -154% |
| Profit (loss) for the period to be appropriated | 9905 | -€529,497 | -€1,346,482 | -€816,985 | -154% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.