IMMO H.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 H.H.
Largest movements
- Current investments +€125,614
new in 2025: €125,614
- Tangible fixed assets -€65,449
down €65,449 (-4.3%), from €1.5m to €1.4m
- Reserves +€88,400
up €88,400 (+18.2%), from €485,361 to €573,761
of which Non-distributable reserves: +€125,614
- Financial charges -€11,729
down €11,729 (-78.5%), from €14,940 to €3,211
- Taxes +€7,738
up €7,738 (+23.5%), from €32,972 to €40,710
- Depreciation -€7,551
down €7,551 (-8.5%), from €89,297 to €81,746
- Gross operating margin +€6,788
up €6,788 (+3.0%), from €226,449 to €233,236
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 | €1,870,334 | €1,948,824 | +€78,490 | +4.2% |
| Fixed assets | 21/28 | €1,514,573 | €1,449,124 | -€65,449 | -4.3% |
| Tangible fixed assets | 22/27 | €1,514,573 | €1,449,124 | -€65,449 | -4.3% |
| Land and buildings | 22 | €1,514,573 | €1,449,124 | -€65,449 | -4.3% |
| Current assets | 29/58 | €355,761 | €499,701 | +€143,939 | +40.5% |
| Amounts receivable within one year | 40/41 | €17,556 | €35,665 | +€18,109 | +103% |
| Trade receivables | 40 | €17,556 | €35,665 | +€18,109 | +103% |
| Current investments | 50/53 | - | €125,614 | +€125,614 | |
| Cash at bank and in hand | 54/58 | €338,205 | €338,422 | +€216 | +0.1% |
| Total equity and liabilities | 10/49 | €1,870,334 | €1,948,824 | +€78,490 | +4.2% |
| Equity | 10/15 | €1,735,161 | €1,823,561 | +€88,400 | +5.1% |
| Contributions | 10/11 | €1,249,800 | €1,249,800 | = | 0.0% |
| Contributions outside capital | 11 | €1,249,800 | €1,249,800 | = | 0.0% |
| Other | 1109/19 | €1,249,800 | €1,249,800 | = | 0.0% |
| Reserves | 13 | €485,361 | €573,761 | +€88,400 | +18.2% |
| Non-distributable reserves | 130/1 | - | €125,614 | +€125,614 | |
| Own shares acquired | 1312 | - | €125,614 | +€125,614 | |
| Distributable reserves | 133 | €485,361 | €448,147 | -€37,214 | -7.7% |
| Amounts payable | 17/49 | €135,173 | €125,264 | -€9,910 | -7.3% |
| Amounts payable after more than one year | 17 | €95,833 | €79,167 | -€16,667 | -17.4% |
| Financial debts | 170/4 | €95,833 | €79,167 | -€16,667 | -17.4% |
| Amounts payable within one year | 42/48 | €35,870 | €46,097 | +€10,227 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €11,231 | €13,721 | +€2,489 | +22.2% |
| Suppliers | 440/4 | €11,231 | €13,721 | +€2,489 | +22.2% |
| Taxes, remuneration and social security | 45 | €7,972 | €15,710 | +€7,738 | +97.1% |
| Taxes | 450/3 | €7,972 | €15,710 | +€7,738 | +97.1% |
| Accrued charges and deferred income | 492/3 | €3,470 | €0 | -€3,470 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,297 | €81,746 | -€7,551 | -8.5% |
| Other operating charges | 640/8 | €18,586 | €19,170 | +€584 | +3.1% |
| Gross operating margin | 9900 | €226,449 | €233,236 | +€6,788 | +3.0% |
| Operating profit (loss) | 9901 | €118,566 | €132,321 | +€13,754 | +11.6% |
| Financial charges | 65/66B | €14,940 | €3,211 | -€11,729 | -78.5% |
| Recurring financial charges | 65 | €14,940 | €3,211 | -€11,729 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €103,627 | €129,110 | +€25,483 | +24.6% |
| Income taxes | 67/77 | €32,972 | €40,710 | +€7,738 | +23.5% |
| Profit (loss) for the period | 9904 | €70,655 | €88,400 | +€17,745 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,655 | €88,400 | +€17,745 | +25.1% |
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 21 October 2026 via checked.be.