IMMO HALLET: 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 HALLET
Largest movements
- Tangible fixed assets +€196,356
up €196,356 (+61.7%), from €318,493 to €514,848
of which Land and buildings: +€196,754
- Receivables within one year -€53,992
down €53,992 (-53.8%), from €100,291 to €46,299
of which Trade receivables: -€58,063
- Debts after one year +€143,725
up €143,725 (+319.8%), from €44,935 to €188,660
- Short-term financial debts +€25,000
new in 2025: €25,000
- Other debts -€21,266
down €21,266 (-49.9%), from €42,583 to €21,317
- Reserves +€20,014
up €20,014 (+8.0%), from €251,287 to €271,301
of which Distributable reserves: +€20,014
- Trade debts -€10,391
down €10,391 (-38.9%), from €26,696 to €16,305
- Gross operating margin -€11,956
down €11,956 (-11.7%), from €102,620 to €90,664
- Taxes -€9,033
down €9,033 (-51.8%), from €17,423 to €8,391
- Depreciation -€4,960
down €4,960 (-11.2%), from €44,118 to €39,157
- Financial charges +€1,573
up €1,573 (+27.2%), from €5,776 to €7,349
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 | €447,764 | €590,580 | +€142,816 | +31.9% |
| Fixed assets | 21/28 | €320,105 | €514,848 | +€194,744 | +60.8% |
| Tangible fixed assets | 22/27 | €318,493 | €514,848 | +€196,356 | +61.7% |
| Land and buildings | 22 | €316,923 | €513,677 | +€196,754 | +62.1% |
| Plant, machinery and equipment | 23 | €1,570 | €1,171 | -€398 | -25.4% |
| Financial fixed assets | 28 | €1,612 | - | -€1,612 | |
| Current assets | 29/58 | €127,660 | €75,732 | -€51,928 | -40.7% |
| Amounts receivable within one year | 40/41 | €100,291 | €46,299 | -€53,992 | -53.8% |
| Trade receivables | 40 | €100,291 | €42,228 | -€58,063 | -57.9% |
| Other amounts receivable | 41 | - | €4,071 | +€4,071 | |
| Cash at bank and in hand | 54/58 | €21,818 | €23,056 | +€1,238 | +5.7% |
| Deferred charges and accrued income | 490/1 | €5,551 | €6,377 | +€826 | +14.9% |
| Total equity and liabilities | 10/49 | €447,764 | €590,580 | +€142,816 | +31.9% |
| Equity | 10/15 | €269,879 | €289,893 | +€20,014 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €251,287 | €271,301 | +€20,014 | +8.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,750 | €55,750 | = | 0.0% |
| Distributable reserves | 133 | €193,677 | €213,692 | +€20,014 | +10.3% |
| Amounts payable | 17/49 | €177,886 | €300,687 | +€122,802 | +69.0% |
| Amounts payable after more than one year | 17 | €44,935 | €188,660 | +€143,725 | +319.8% |
| Financial debts | 170/4 | €44,935 | €188,660 | +€143,725 | +319.8% |
| Amounts payable within one year | 42/48 | €132,950 | €112,027 | -€20,923 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €42,205 | €40,798 | -€1,407 | -3.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €26,696 | €16,305 | -€10,391 | -38.9% |
| Suppliers | 440/4 | €26,696 | €16,305 | -€10,391 | -38.9% |
| Advances received on contracts in progress | 46 | €4,381 | €504 | -€3,877 | -88.5% |
| Taxes, remuneration and social security | 45 | €17,085 | €8,102 | -€8,983 | -52.6% |
| Taxes | 450/3 | €17,085 | €8,102 | -€8,983 | -52.6% |
| Other amounts payable | 47/48 | €42,583 | €21,317 | -€21,266 | -49.9% |
| Non-recurring operating income | 76A | - | €4,487 | +€4,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,118 | €39,157 | -€4,960 | -11.2% |
| Other operating charges | 640/8 | €6,356 | €6,255 | -€101 | -1.6% |
| Non-recurring operating charges | 66A | €4,311 | €9,677 | +€5,366 | +124.5% |
| Gross operating margin | 9900 | €102,620 | €90,664 | -€11,956 | -11.7% |
| Operating profit (loss) | 9901 | €47,835 | €35,575 | -€12,260 | -25.6% |
| Financial income | 75/76B | €100 | €179 | +€79 | +79.2% |
| Recurring financial income | 75 | €100 | €179 | +€79 | +79.2% |
| Financial charges | 65/66B | €5,776 | €7,349 | +€1,573 | +27.2% |
| Recurring financial charges | 65 | €5,776 | €7,349 | +€1,573 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €42,159 | €28,405 | -€13,754 | -32.6% |
| Income taxes | 67/77 | €17,423 | €8,391 | -€9,033 | -51.8% |
| Profit (loss) for the period | 9904 | €24,736 | €20,014 | -€4,722 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,736 | €20,014 | -€4,722 | -19.1% |
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 30 September 2026 via checked.be.