Immo DHS: what changed
Two fiscal 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 DHS
Largest movements
- Tangible fixed assets -€59,291
down €59,291 (-3.5%), from €1.7m to €1.6m
of which Land and buildings: -€49,462
- Debts after one year -€91,792
down €91,792 (-5.6%), from €1.6m to €1.5m
- Profit (loss) carried forward +€22,332
up €22,332 (+12.1%), from -€183,868 to -€161,535
- Gross operating margin +€12,686
up €12,686 (+9.5%), from €133,199 to €145,885
- Depreciation +€4,390
up €4,390 (+5.3%), from €83,562 to €87,952
- Other operating charges +€2,841
up €2,841 (+867.9%), from €327 to €3,168
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 | €1,679,077 | €1,623,501 | -€55,576 | -3.3% |
| Fixed assets | 21/28 | €1,674,200 | €1,614,909 | -€59,291 | -3.5% |
| Tangible fixed assets | 22/27 | €1,674,200 | €1,614,909 | -€59,291 | -3.5% |
| Land and buildings | 22 | €1,638,240 | €1,588,778 | -€49,462 | -3.0% |
| Plant, machinery and equipment | 23 | €30,633 | €22,224 | -€8,409 | -27.5% |
| Furniture and vehicles | 24 | €5,328 | €3,908 | -€1,420 | -26.6% |
| Current assets | 29/58 | €4,876 | €8,592 | +€3,716 | +76.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,776 | €8,592 | +€3,816 | +79.9% |
| Deferred charges and accrued income | 490/1 | €100 | €0 | -€100 | -100.0% |
| Total equity and liabilities | 10/49 | €1,679,077 | €1,623,501 | -€55,576 | -3.3% |
| Equity | 10/15 | -€138,868 | -€116,535 | +€22,332 | +16.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,868 | -€161,535 | +€22,332 | +12.1% |
| Amounts payable | 17/49 | €1,817,945 | €1,740,036 | -€77,908 | -4.3% |
| Amounts payable after more than one year | 17 | €1,628,025 | €1,536,232 | -€91,792 | -5.6% |
| Financial debts | 170/4 | €1,628,025 | €1,536,232 | -€91,792 | -5.6% |
| Amounts payable within one year | 42/48 | €189,920 | €203,804 | +€13,884 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €90,368 | €91,792 | +€1,424 | +1.6% |
| Trade debts | 44 | €0 | €278 | +€278 | |
| Suppliers | 440/4 | €0 | €278 | +€278 | |
| Taxes, remuneration and social security | 45 | €383 | €388 | +€5 | +1.2% |
| Taxes | 450/3 | €383 | €388 | +€5 | +1.2% |
| Other amounts payable | 47/48 | €99,168 | €111,346 | +€12,178 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,562 | €87,952 | +€4,390 | +5.3% |
| Other operating charges | 640/8 | €327 | €3,168 | +€2,841 | +867.9% |
| Gross operating margin | 9900 | €133,199 | €145,885 | +€12,686 | +9.5% |
| Operating profit (loss) | 9901 | €49,309 | €54,764 | +€5,455 | +11.1% |
| Financial charges | 65/66B | €32,755 | €32,432 | -€323 | -1.0% |
| Recurring financial charges | 65 | €32,755 | €32,432 | -€323 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €16,555 | €22,332 | +€5,777 | +34.9% |
| Profit (loss) for the period | 9904 | €16,555 | €22,332 | +€5,777 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,555 | €22,332 | +€5,777 | +34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.