IMMO HJ: 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 HJ
Largest movements
- Receivables within one year -€21,081
down €21,081 (-28.4%), from €74,204 to €53,123
of which Trade receivables: -€13,615
- Debts after one year -€50,513
down €50,513 (-4.4%), from €1.2m to €1.1m
of which Financial debts: -€32,051
- Reserves +€32,702
up €32,702 (+16.0%), from €204,423 to €237,125
- Current portion of long-term debt -€29,242
down €29,242 (-47.7%), from €61,293 to €32,051
- Short-term financial debts +€16,705
new in 2025: €16,705
- Gross operating margin -€9,222
down €9,222 (-5.0%), from €186,227 to €177,005
- Staff costs +€6,768
up €6,768 (+12.1%), from €55,939 to €62,707
- Taxes -€6,739
down €6,739 (-30.6%), from €22,021 to €15,282
- Depreciation -€2,697
down €2,697 (-91.9%), from €2,933 to €236
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.
Derived cash bridge
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 | €1,530,357 | €1,505,714 | -€24,643 | -1.6% |
| Fixed assets | 21/28 | €1,440,904 | €1,440,667 | -€236 | 0.0% |
| Tangible fixed assets | 22/27 | €690,904 | €690,667 | -€236 | 0.0% |
| Land and buildings | 22 | €355,152 | €355,152 | = | 0.0% |
| Furniture and vehicles | 24 | €2,062 | €1,825 | -€236 | -11.5% |
| Other tangible fixed assets | 26 | €333,690 | €333,690 | = | 0.0% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €89,453 | €65,046 | -€24,407 | -27.3% |
| Amounts receivable within one year | 40/41 | €74,204 | €53,123 | -€21,081 | -28.4% |
| Trade receivables | 40 | €62,020 | €48,405 | -€13,615 | -22.0% |
| Other amounts receivable | 41 | €12,185 | €4,718 | -€7,467 | -61.3% |
| Cash at bank and in hand | 54/58 | €12,436 | €9,110 | -€3,325 | -26.7% |
| Deferred charges and accrued income | 490/1 | €2,813 | €2,813 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,530,357 | €1,505,714 | -€24,643 | -1.6% |
| Equity | 10/15 | €230,823 | €263,525 | +€32,702 | +14.2% |
| Contributions | 10/11 | €26,400 | €26,400 | = | 0.0% |
| Reserves | 13 | €204,423 | €237,125 | +€32,702 | +16.0% |
| Distributable reserves | 133 | €204,423 | €237,125 | +€32,702 | +16.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,299,533 | €1,242,189 | -€57,345 | -4.4% |
| Amounts payable after more than one year | 17 | €1,160,907 | €1,110,394 | -€50,513 | -4.4% |
| Financial debts | 170/4 | €532,905 | €500,854 | -€32,051 | -6.0% |
| Other amounts payable | 178/9 | €628,002 | €609,540 | -€18,462 | -2.9% |
| Amounts payable within one year | 42/48 | €138,627 | €131,795 | -€6,832 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €61,293 | €32,051 | -€29,242 | -47.7% |
| Financial debts | 43 | - | €16,705 | +€16,705 | |
| Credit institutions | 430/8 | - | €16,705 | +€16,705 | |
| Trade debts | 44 | €7,762 | €11,823 | +€4,061 | +52.3% |
| Suppliers | 440/4 | €7,762 | €11,823 | +€4,061 | +52.3% |
| Taxes, remuneration and social security | 45 | €28,244 | €23,843 | -€4,401 | -15.6% |
| Taxes | 450/3 | €17,941 | €11,635 | -€6,307 | -35.2% |
| Remuneration and social security | 454/9 | €10,303 | €12,208 | +€1,905 | +18.5% |
| Other amounts payable | 47/48 | €41,328 | €47,373 | +€6,045 | +14.6% |
| Remuneration, social security and pensions | 62 | €55,939 | €62,707 | +€6,768 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,933 | €236 | -€2,697 | -91.9% |
| Other operating charges | 640/8 | €845 | €2,302 | +€1,456 | +172% |
| Gross operating margin | 9900 | €186,227 | €177,005 | -€9,222 | -5.0% |
| Operating profit (loss) | 9901 | €126,509 | €111,760 | -€14,750 | -11.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €43,698 | €42,599 | -€1,098 | -2.5% |
| Recurring financial charges | 65 | €43,698 | €42,599 | -€1,098 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €82,812 | €69,160 | -€13,651 | -16.5% |
| Income taxes | 67/77 | €22,021 | €15,282 | -€6,739 | -30.6% |
| Profit (loss) for the period | 9904 | €60,791 | €53,878 | -€6,913 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,791 | €53,878 | -€6,913 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.