Immo D’Hondt: what changed
What changed
Immo D’Hondt
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€33,631
2024 · €22,338+€11,293
Equity
€246,464
2024 · €225,444+€21,020
Cash
€360,822
2024 · €175,090+€185,732
Balance sheet total
€840,507
2024 · €581,451+€259,055
Largest movements
Assets
- Cash +€185,732
up €185,732 (+106%), from €175,090 to €360,822
mainly Other debts (+€179,394) and Depreciation (+€42,196)
- Tangible fixed assets +€54,942
up €54,942 (+15.4%), from €357,902 to €412,844
of which Other tangible fixed assets: +€40,005
- Receivables within one year +€17,273
up €17,273 (+43.0%), from €40,130 to €57,403
of which Trade receivables: +€17,470
Equity and liabilities
- Other debts +€179,394
up €179,394 (+192%), from €93,467 to €272,861
- Reserves +€21,020
up €21,020 (+9.5%), from €220,444 to €241,464
- Debts after one year +€19,569
up €19,569 (+11.3%), from €172,535 to €192,104
- Current portion of long-term debt +€14,370
up €14,370 (+209%), from €6,878 to €21,248
- Trade debts +€13,557
up €13,557 (+37.6%), from €36,054 to €49,611
Income statement
- Gross operating margin +€66,837
up €66,837 (+27.9%), from €239,402 to €306,239
- Staff costs +€50,075
up €50,075 (+33.0%), from €151,916 to €201,991
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
€22,338
Gross operating margin
+€66,837
Staff costs
-€50,075
Depreciation
-€1,769
Other operating charges
+€14
Financial income
-€92
Financial charges
-€2,269
Taxes
-€1,352
Result 2025
€33,631
raises the resultlowers the result
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
+€261,142
Investment
-€96,738
Financing
+€21,328
Cash 2024
€175,090
From operations (derived)
+€261,142
Net result for the year
+€33,631
Depreciation
+€42,196
Receivables within one year
-€17,273
Deferred charges and accrued income
-€1,508
Trade debts
+€13,557
Tax, wage and social debts
+€10,266
Other debts
+€179,394
Accrued charges and deferred income
+€878
Investment (derived)
-€96,738
Investment in fixed assets (net)
-€96,738
Financing
+€21,328
Debts after one year
+€19,569
Current portion of long-term debt
+€14,370
Contributions, distributions and other
-€12,612
Cash 2025
€360,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,451 | €840,507 | +€259,055 | +44.6% |
| Fixed assets | 21/28 | €359,198 | €413,741 | +€54,542 | +15.2% |
| Intangible fixed assets | 21 | €1,296 | €896 | -€400 | -30.9% |
| Tangible fixed assets | 22/27 | €357,902 | €412,844 | +€54,942 | +15.4% |
| Land and buildings | 22 | €273,277 | €286,145 | +€12,868 | +4.7% |
| Plant, machinery and equipment | 23 | €12,462 | €19,500 | +€7,038 | +56.5% |
| Furniture and vehicles | 24 | €24,826 | €19,858 | -€4,968 | -20.0% |
| Other tangible fixed assets | 26 | €47,337 | €87,342 | +€40,005 | +84.5% |
| Current assets | 29/58 | €222,253 | €426,766 | +€204,513 | +92.0% |
| Amounts receivable within one year | 40/41 | €40,130 | €57,403 | +€17,273 | +43.0% |
| Trade receivables | 40 | €31,611 | €49,081 | +€17,470 | +55.3% |
| Other amounts receivable | 41 | €8,519 | €8,322 | -€197 | -2.3% |
| Cash at bank and in hand | 54/58 | €175,090 | €360,822 | +€185,732 | +106% |
| Deferred charges and accrued income | 490/1 | €7,033 | €8,541 | +€1,508 | +21.4% |
| Total equity and liabilities | 10/49 | €581,451 | €840,507 | +€259,055 | +44.6% |
| Equity | 10/15 | €225,444 | €246,464 | +€21,020 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €220,444 | €241,464 | +€21,020 | +9.5% |
| Distributable reserves | 133 | €220,444 | €241,464 | +€21,020 | +9.5% |
| Amounts payable | 17/49 | €356,007 | €594,043 | +€238,036 | +66.9% |
| Amounts payable after more than one year | 17 | €172,535 | €192,104 | +€19,569 | +11.3% |
| Financial debts | 170/4 | €172,535 | €192,104 | +€19,569 | +11.3% |
| Amounts payable within one year | 42/48 | €182,861 | €400,449 | +€217,588 | +119% |
| Current portion of amounts payable after more than one year | 42 | €6,878 | €21,248 | +€14,370 | +209% |
| Trade debts | 44 | €36,054 | €49,611 | +€13,557 | +37.6% |
| Suppliers | 440/4 | €36,054 | €49,611 | +€13,557 | +37.6% |
| Taxes, remuneration and social security | 45 | €46,462 | €56,728 | +€10,266 | +22.1% |
| Taxes | 450/3 | €22,985 | €22,794 | -€192 | -0.8% |
| Remuneration and social security | 454/9 | €23,477 | €33,935 | +€10,458 | +44.5% |
| Other amounts payable | 47/48 | €93,467 | €272,861 | +€179,394 | +192% |
| Accrued charges and deferred income | 492/3 | €612 | €1,490 | +€878 | +144% |
| Non-recurring operating income | 76A | - | €11,586 | +€11,586 | |
| Remuneration, social security and pensions | 62 | €151,916 | €201,991 | +€50,075 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,426 | €42,196 | +€1,769 | +4.4% |
| Other operating charges | 640/8 | €1,373 | €1,359 | -€14 | -1.0% |
| Gross operating margin | 9900 | €239,402 | €306,239 | +€66,837 | +27.9% |
| Operating profit (loss) | 9901 | €45,687 | €60,693 | +€15,006 | +32.8% |
| Financial income | 75/76B | €329 | €237 | -€92 | -28.1% |
| Recurring financial income | 75 | €329 | €237 | -€92 | -28.1% |
| Financial charges | 65/66B | €11,223 | €13,491 | +€2,269 | +20.2% |
| Recurring financial charges | 65 | €11,223 | €13,491 | +€2,269 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €34,793 | €47,438 | +€12,645 | +36.3% |
| Income taxes | 67/77 | €12,455 | €13,807 | +€1,352 | +10.9% |
| Profit (loss) for the period | 9904 | €22,338 | €33,631 | +€11,293 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,338 | €33,631 | +€11,293 | +50.6% |
Next steps
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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 4 November 2026 via checked.be.