IMMO HOLIDAY: 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 HOLIDAY
Largest movements
- Stocks and contracts -€488,697
down €488,697 (-100.0%), from €488,697 to €0
- Cash +€123,524
up €123,524 (+83.7%), from €147,623 to €271,146
mainly Stocks and contracts (+€488,697) and Net result for the year (+€134,526)
- Tangible fixed assets -€120,533
down €120,533 (-36.4%), from €331,114 to €210,580
of which Land and buildings: -€62,440
- Receivables within one year -€76,274
down €76,274 (-52.3%), from €145,742 to €69,468
of which Trade receivables: -€99,213
- Current portion of long-term debt -€313,884
down €313,884 (-82.2%), from €381,760 to €67,875
- Reserves -€211,320
down €211,320 (-72.3%), from €292,254 to €80,934
of which Distributable reserves: -€148,170
- Short-term financial debts -€203,408
down €203,408 (-71.9%), from €282,828 to €79,420
- Profit (loss) carried forward +€197,676
up €197,676 (+94.2%), from -€209,921 to -€12,245
- Debts after one year -€67,875
down €67,875 (-40.8%), from €166,270 to €98,395
- Gross operating margin +€136,816
up €136,816 (+31.4%), from €436,354 to €573,170
- Staff costs +€29,630
up €29,630 (+12.2%), from €242,437 to €272,067
- Depreciation +€6,441
up €6,441 (+5.5%), from €117,393 to €123,833
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 | €1,122,855 | €562,152 | -€560,703 | -49.9% |
| Fixed assets | 21/28 | €334,164 | €213,631 | -€120,533 | -36.1% |
| Tangible fixed assets | 22/27 | €331,114 | €210,580 | -€120,533 | -36.4% |
| Land and buildings | 22 | €93,482 | €31,042 | -€62,440 | -66.8% |
| Plant, machinery and equipment | 23 | €52,797 | €49,143 | -€3,654 | -6.9% |
| Furniture and vehicles | 24 | €184,835 | €130,396 | -€54,439 | -29.5% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €788,691 | €348,521 | -€440,170 | -55.8% |
| Stocks and contracts in progress | 3 | €488,697 | €0 | -€488,697 | -100.0% |
| Stocks | 30/36 | €488,697 | €0 | -€488,697 | -100.0% |
| Amounts receivable within one year | 40/41 | €145,742 | €69,468 | -€76,274 | -52.3% |
| Trade receivables | 40 | €126,802 | €27,589 | -€99,213 | -78.2% |
| Other amounts receivable | 41 | €18,940 | €41,879 | +€22,938 | +121.1% |
| Cash at bank and in hand | 54/58 | €147,623 | €271,146 | +€123,524 | +83.7% |
| Deferred charges and accrued income | 490/1 | €6,629 | €7,907 | +€1,278 | +19.3% |
| Total equity and liabilities | 10/49 | €1,122,855 | €562,152 | -€560,703 | -49.9% |
| Equity | 10/15 | €144,334 | €130,689 | -€13,644 | -9.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €292,254 | €80,934 | -€211,320 | -72.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €0 | -€63,150 | -100.0% |
| Distributable reserves | 133 | €222,904 | €74,734 | -€148,170 | -66.5% |
| Profit (loss) carried forward | 14 | -€209,921 | -€12,245 | +€197,676 | +94.2% |
| Amounts payable | 17/49 | €978,522 | €431,463 | -€547,059 | -55.9% |
| Amounts payable after more than one year | 17 | €166,270 | €98,395 | -€67,875 | -40.8% |
| Financial debts | 170/4 | €166,270 | €98,395 | -€67,875 | -40.8% |
| Amounts payable within one year | 42/48 | €812,252 | €333,068 | -€479,183 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €381,760 | €67,875 | -€313,884 | -82.2% |
| Financial debts | 43 | €282,828 | €79,420 | -€203,408 | -71.9% |
| Credit institutions | 430/8 | €282,828 | €79,420 | -€203,408 | -71.9% |
| Trade debts | 44 | €103,387 | €139,156 | +€35,769 | +34.6% |
| Suppliers | 440/4 | €103,387 | €139,156 | +€35,769 | +34.6% |
| Taxes, remuneration and social security | 45 | €44,277 | €46,617 | +€2,340 | +5.3% |
| Taxes | 450/3 | €14,691 | €12,597 | -€2,093 | -14.3% |
| Remuneration and social security | 454/9 | €29,586 | €34,020 | +€4,434 | +15.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €35,500 | €0 | -€35,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €242,437 | €272,067 | +€29,630 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,393 | €123,833 | +€6,441 | +5.5% |
| Other operating charges | 640/8 | €13,620 | €14,467 | +€847 | +6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €436,354 | €573,170 | +€136,816 | +31.4% |
| Operating profit (loss) | 9901 | €62,904 | €162,803 | +€99,898 | +158.8% |
| Financial income | 75/76B | €0 | €131 | +€130 | +65195.0% |
| Recurring financial income | 75 | €0 | €131 | +€130 | +65195.0% |
| Financial charges | 65/66B | €28,800 | €27,785 | -€1,015 | -3.5% |
| Recurring financial charges | 65 | €28,800 | €27,785 | -€1,015 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €34,104 | €135,148 | +€101,044 | +296.3% |
| Income taxes | 67/77 | €1,006 | €623 | -€383 | -38.1% |
| Profit (loss) for the period | 9904 | €33,099 | €134,526 | +€101,427 | +306.4% |
| Transfer from tax-exempt reserves | 789 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,099 | €197,676 | +€164,577 | +497.2% |
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 11 October 2026 via checked.be.