IMMO H.W.: 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.W.
Largest movements
- Intangible fixed assets -€7,379
down €7,379 (-11.6%), from €63,589 to €56,210
- Financial fixed assets +€5,700
up €5,700 (+43.1%), from €13,236 to €18,936
- Receivables within one year -€2,154
down €2,154 (-83.4%), from €2,583 to €430
of which Trade receivables: -€2,500
- Cash -€1,359
down €1,359 (-48.7%), from €2,788 to €1,430
mainly Investment in fixed assets (net) (-€5,700) and Other debts (-€3,469)
- Other debts -€3,469
down €3,469 (-4.8%), from €73,019 to €69,550
- Accrued charges and deferred income -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin +€7,433
up €7,433 (+1899.8%), from €391 to €7,825
- Depreciation -€86
down €86 (-1.1%), from €7,465 to €7,379
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 | €82,197 | €77,006 | -€5,191 | -6.3% |
| Fixed assets | 21/28 | €76,826 | €75,147 | -€1,679 | -2.2% |
| Intangible fixed assets | 21 | €63,589 | €56,210 | -€7,379 | -11.6% |
| Financial fixed assets | 28 | €13,236 | €18,936 | +€5,700 | +43.1% |
| Current assets | 29/58 | €5,371 | €1,859 | -€3,512 | -65.4% |
| Amounts receivable within one year | 40/41 | €2,583 | €430 | -€2,154 | -83.4% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €83 | €430 | +€347 | +417.1% |
| Cash at bank and in hand | 54/58 | €2,788 | €1,430 | -€1,359 | -48.7% |
| Total equity and liabilities | 10/49 | €82,197 | €77,006 | -€5,191 | -6.3% |
| Equity | 10/15 | -€12,970 | -€12,633 | +€337 | +2.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,470 | -€14,133 | +€337 | +2.3% |
| Amounts payable | 17/49 | €95,167 | €89,639 | -€5,529 | -5.8% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,167 | €69,639 | -€3,529 | -4.8% |
| Trade debts | 44 | €149 | €89 | -€60 | -40.2% |
| Suppliers | 440/4 | €149 | €89 | -€60 | -40.2% |
| Other amounts payable | 47/48 | €73,019 | €69,550 | -€3,469 | -4.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €7,379 | -€86 | -1.1% |
| Gross operating margin | 9900 | €391 | €7,825 | +€7,433 | +1899.8% |
| Operating profit (loss) | 9901 | -€7,073 | €445 | +€7,519 | |
| Financial charges | 65/66B | €80 | €108 | +€28 | +35.8% |
| Recurring financial charges | 65 | €80 | €108 | +€28 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,153 | €337 | +€7,490 | |
| Profit (loss) for the period | 9904 | -€7,153 | €337 | +€7,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,153 | €337 | +€7,490 |
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 10 October 2026 via checked.be.