IMMO H.P.: 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 H.P.
Largest movements
- Receivables within one year -€27,000
down €27,000 (-45.1%), from €59,835 to €32,836
- Tangible fixed assets +€16,104
up €16,104 (+13.9%), from €115,911 to €132,016
of which Plant, machinery and equipment: +€18,879
- Cash -€14,946
down €14,946 (-33.4%), from €44,711 to €29,765
mainly Contributions, distributions and other (-€33,000) and Other debts (-€23,800)
- Other debts -€23,800
down €23,800 (-50.7%), from €46,900 to €23,100
- Tax, wage and social debts -€10,334
down €10,334 (-42.6%), from €24,252 to €13,918
of which Taxes: -€10,334
- Profit (loss) carried forward +€8,646
up €8,646 (+2.4%), from €356,417 to €365,063
- Depreciation +€1,082
up €1,082 (+23.3%), from €4,637 to €5,719
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 | €574,397 | €546,143 | -€28,254 | -4.9% |
| Fixed assets | 21/28 | €115,955 | €132,059 | +€16,104 | +13.9% |
| Tangible fixed assets | 22/27 | €115,911 | €132,016 | +€16,104 | +13.9% |
| Land and buildings | 22 | €101,282 | €98,798 | -€2,484 | -2.5% |
| Plant, machinery and equipment | 23 | €13,544 | €32,423 | +€18,879 | +139.4% |
| Furniture and vehicles | 24 | €1,085 | €794 | -€291 | -26.8% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €458,443 | €414,084 | -€44,358 | -9.7% |
| Amounts receivable after more than one year | 29 | €351,472 | €351,472 | = | 0.0% |
| Other amounts receivable | 291 | €351,472 | €351,472 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,835 | €32,836 | -€27,000 | -45.1% |
| Other amounts receivable | 41 | €59,835 | €32,836 | -€27,000 | -45.1% |
| Cash at bank and in hand | 54/58 | €44,711 | €29,765 | -€14,946 | -33.4% |
| Deferred charges and accrued income | 490/1 | €2,424 | €12 | -€2,413 | -99.5% |
| Total equity and liabilities | 10/49 | €574,397 | €546,143 | -€28,254 | -4.9% |
| Equity | 10/15 | €500,325 | €508,971 | +€8,646 | +1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €125,358 | €125,358 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €119,158 | €119,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,417 | €365,063 | +€8,646 | +2.4% |
| Amounts payable | 17/49 | €74,072 | €37,172 | -€36,900 | -49.8% |
| Amounts payable within one year | 42/48 | €74,072 | €37,172 | -€36,900 | -49.8% |
| Trade debts | 44 | €2,920 | €154 | -€2,766 | -94.7% |
| Suppliers | 440/4 | €2,920 | €154 | -€2,766 | -94.7% |
| Taxes, remuneration and social security | 45 | €24,252 | €13,918 | -€10,334 | -42.6% |
| Taxes | 450/3 | €22,410 | €12,077 | -€10,334 | -46.1% |
| Remuneration and social security | 454/9 | €1,841 | €1,841 | = | 0.0% |
| Other amounts payable | 47/48 | €46,900 | €23,100 | -€23,800 | -50.7% |
| Remuneration, social security and pensions | 62 | €529 | - | -€529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,637 | €5,719 | +€1,082 | +23.3% |
| Other operating charges | 640/8 | €7,886 | €8,290 | +€404 | +5.1% |
| Gross operating margin | 9900 | €69,840 | €70,053 | +€213 | +0.3% |
| Operating profit (loss) | 9901 | €56,789 | €56,044 | -€745 | -1.3% |
| Financial charges | 65/66B | €274 | €242 | -€32 | -11.8% |
| Recurring financial charges | 65 | €274 | €242 | -€32 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €56,515 | €55,802 | -€712 | -1.3% |
| Income taxes | 67/77 | €14,400 | €14,157 | -€244 | -1.7% |
| Profit (loss) for the period | 9904 | €42,114 | €41,646 | -€468 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,114 | €41,646 | -€468 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 20 December 2024 and 20 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.