IMMO HALLAAR: 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 HALLAAR
Largest movements
- Tangible fixed assets +€51,226
up €51,226 (+2.8%), from €1.8m to €1.9m
of which Land and buildings: +€51,467
- Other debts +€78,454
up €78,454 (+25.9%), from €302,403 to €380,858
- Profit (loss) carried forward +€49,125
up €49,125 (+8.5%), from €579,731 to €628,856
- Debts after one year -€35,664
down €35,664 (-9.7%), from €367,506 to €331,842
of which Financial debts: -€35,664
- Gross operating margin +€14,406
up €14,406 (+13.8%), from €104,546 to €118,952
- Depreciation +€10,018
up €10,018 (+21.1%), from €47,438 to €57,456
- Other operating charges +€1,402
up €1,402 (+8.6%), from €16,389 to €17,791
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 | €1,900,793 | €1,955,728 | +€54,935 | +2.9% |
| Fixed assets | 21/28 | €1,844,347 | €1,895,573 | +€51,226 | +2.8% |
| Tangible fixed assets | 22/27 | €1,844,347 | €1,895,573 | +€51,226 | +2.8% |
| Land and buildings | 22 | €1,844,106 | €1,895,573 | +€51,467 | +2.8% |
| Furniture and vehicles | 24 | €241 | - | -€241 | |
| Current assets | 29/58 | €56,446 | €60,155 | +€3,708 | +6.6% |
| Amounts receivable within one year | 40/41 | €5,790 | €5,790 | = | 0.0% |
| Other amounts receivable | 41 | €5,790 | €5,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,975 | €51,878 | +€4,903 | +10.4% |
| Deferred charges and accrued income | 490/1 | €3,681 | €2,487 | -€1,194 | -32.4% |
| Total equity and liabilities | 10/49 | €1,900,793 | €1,955,728 | +€54,935 | +2.9% |
| Equity | 10/15 | €1,123,161 | €1,157,419 | +€34,258 | +3.1% |
| Contributions | 10/11 | €311,305 | €311,305 | = | 0.0% |
| Capital | 10 | €311,305 | €311,305 | = | 0.0% |
| Issued capital | 100 | €311,305 | €311,305 | = | 0.0% |
| Reserves | 13 | €232,124 | €217,258 | -€14,866 | -6.4% |
| Non-distributable reserves | 130/1 | €61,131 | €61,131 | = | 0.0% |
| Legal reserve | 130 | €61,131 | €61,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €158,181 | €143,315 | -€14,866 | -9.4% |
| Distributable reserves | 133 | €12,812 | €12,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | €579,731 | €628,856 | +€49,125 | +8.5% |
| Provisions and deferred taxes | 16 | €54,517 | €49,254 | -€5,262 | -9.7% |
| Deferred taxes | 168 | €54,517 | €49,254 | -€5,262 | -9.7% |
| Amounts payable | 17/49 | €723,116 | €749,055 | +€25,939 | +3.6% |
| Amounts payable after more than one year | 17 | €367,506 | €331,842 | -€35,664 | -9.7% |
| Financial debts | 170/4 | €354,556 | €318,892 | -€35,664 | -10.1% |
| Other amounts payable | 178/9 | €12,950 | €12,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €355,610 | €417,213 | +€61,602 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €53,207 | €35,664 | -€17,543 | -33.0% |
| Trade debts | 44 | - | €691 | +€691 | |
| Suppliers | 440/4 | - | €691 | +€691 | |
| Other amounts payable | 47/48 | €302,403 | €380,858 | +€78,454 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,438 | €57,456 | +€10,018 | +21.1% |
| Other operating charges | 640/8 | €16,389 | €17,791 | +€1,402 | +8.6% |
| Gross operating margin | 9900 | €104,546 | €118,952 | +€14,406 | +13.8% |
| Operating profit (loss) | 9901 | €40,719 | €43,705 | +€2,986 | +7.3% |
| Financial charges | 65/66B | €15,411 | €14,709 | -€702 | -4.6% |
| Recurring financial charges | 65 | €15,411 | €14,709 | -€702 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €25,308 | €28,996 | +€3,688 | +14.6% |
| Transfer from deferred taxes | 780 | €1,429 | €5,262 | +€3,833 | +268.2% |
| Profit (loss) for the period | 9904 | €26,737 | €34,258 | +€7,521 | +28.1% |
| Transfer from tax-exempt reserves | 789 | €3,366 | €14,866 | +€11,500 | +341.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,103 | €49,125 | +€19,021 | +63.2% |
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 8 October 2026 via checked.be.