IMMO HB: 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 HB
Largest movements
- Cash -€51,465
down €51,465 (-29.0%), from €177,540 to €126,075
mainly Contributions, distributions and other (-€127,441) and Investment in fixed assets (net) (-€80,365)
- Tangible fixed assets +€42,239
up €42,239 (+1.6%), from €2.6m to €2.7m
of which Land and buildings: +€52,517
- Other debts +€123,661
up €123,661 (+687.0%), from €18,000 to €141,661
- Reserves -€107,569
down €107,569 (-28.4%), from €379,386 to €271,817
- Gross operating margin -€9,713
down €9,713 (-9.6%), from €101,663 to €91,951
- Taxes -€2,793
down €2,793 (-22.0%), from €12,675 to €9,882
- Financial income +€1,391
up €1,391 (+3707.2%), from €38 to €1,428
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 | €2,829,156 | €2,820,317 | -€8,838 | -0.3% |
| Fixed assets | 21/28 | €2,645,054 | €2,687,293 | +€42,239 | +1.6% |
| Tangible fixed assets | 22/27 | €2,639,354 | €2,681,593 | +€42,239 | +1.6% |
| Land and buildings | 22 | €2,604,911 | €2,657,427 | +€52,517 | +2.0% |
| Plant, machinery and equipment | 23 | €945 | €379 | -€567 | -59.9% |
| Furniture and vehicles | 24 | €33,498 | €23,786 | -€9,711 | -29.0% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €184,102 | €133,025 | -€51,077 | -27.7% |
| Amounts receivable within one year | 40/41 | €4,676 | €4,676 | = | 0.0% |
| Other amounts receivable | 41 | €4,676 | €4,676 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €177,540 | €126,075 | -€51,465 | -29.0% |
| Deferred charges and accrued income | 490/1 | €1,886 | €2,273 | +€388 | +20.6% |
| Total equity and liabilities | 10/49 | €2,829,156 | €2,820,317 | -€8,838 | -0.3% |
| Equity | 10/15 | €2,677,475 | €2,569,906 | -€107,569 | -4.0% |
| Contributions | 10/11 | €38,938 | €38,938 | = | 0.0% |
| Revaluation surpluses | 12 | €2,152,199 | €2,152,199 | = | 0.0% |
| Reserves | 13 | €379,386 | €271,817 | -€107,569 | -28.4% |
| Distributable reserves | 133 | €379,386 | €271,817 | -€107,569 | -28.4% |
| Profit (loss) carried forward | 14 | €106,951 | €106,951 | = | 0.0% |
| Amounts payable | 17/49 | €151,681 | €250,412 | +€98,731 | +65.1% |
| Amounts payable after more than one year | 17 | €112,510 | €89,406 | -€23,104 | -20.5% |
| Financial debts | 170/4 | €93,820 | €85,564 | -€8,256 | -8.8% |
| Other amounts payable | 178/9 | €18,690 | €3,842 | -€14,848 | -79.4% |
| Amounts payable within one year | 42/48 | €33,646 | €153,965 | +€120,319 | +357.6% |
| Current portion of amounts payable after more than one year | 42 | €7,832 | €8,243 | +€411 | +5.2% |
| Trade debts | 44 | €7,814 | €606 | -€7,208 | -92.2% |
| Suppliers | 440/4 | €7,814 | €606 | -€7,208 | -92.2% |
| Taxes, remuneration and social security | 45 | - | €3,455 | +€3,455 | |
| Taxes | 450/3 | - | €3,455 | +€3,455 | |
| Other amounts payable | 47/48 | €18,000 | €141,661 | +€123,661 | +687.0% |
| Accrued charges and deferred income | 492/3 | €5,525 | €7,041 | +€1,516 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,473 | €38,127 | +€653 | +1.7% |
| Other operating charges | 640/8 | €18,090 | €18,540 | +€450 | +2.5% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €101,663 | €91,951 | -€9,713 | -9.6% |
| Operating profit (loss) | 9901 | €46,100 | €34,973 | -€11,126 | -24.1% |
| Financial income | 75/76B | €38 | €1,428 | +€1,391 | +3707.2% |
| Recurring financial income | 75 | €38 | €1,428 | +€1,391 | +3707.2% |
| Financial charges | 65/66B | €7,284 | €6,647 | -€637 | -8.7% |
| Recurring financial charges | 65 | €7,284 | €6,647 | -€637 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €38,853 | €29,754 | -€9,099 | -23.4% |
| Income taxes | 67/77 | €12,675 | €9,882 | -€2,793 | -22.0% |
| Profit (loss) for the period | 9904 | €26,179 | €19,872 | -€6,307 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,179 | €19,872 | -€6,307 | -24.1% |
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 7 October 2026 via checked.be.