IMMO HOUDAIN: 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 HOUDAIN
Largest movements
- Tangible fixed assets -€19,204
down €19,204 (-3.4%), from €556,919 to €537,715
- Profit (loss) carried forward -€52,700
down €52,700 (-68.9%), from -€76,528 to -€129,228
- Other debts +€41,516
up €41,516 (+30.9%), from €134,436 to €175,951
- Gross operating margin +€14,985
up €14,985 (+67.2%), from -€22,308 to -€7,322
- Financial charges -€8,842
down €8,842 (-25.3%), from €35,016 to €26,174
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 | €557,245 | €538,856 | -€18,389 | -3.3% |
| Fixed assets | 21/28 | €556,919 | €537,715 | -€19,204 | -3.4% |
| Tangible fixed assets | 22/27 | €556,919 | €537,715 | -€19,204 | -3.4% |
| Land and buildings | 22 | €556,919 | €537,715 | -€19,204 | -3.4% |
| Current assets | 29/58 | €326 | €1,142 | +€815 | +250.0% |
| Amounts receivable within one year | 40/41 | €274 | €367 | +€93 | +34.0% |
| Other amounts receivable | 41 | €274 | €367 | +€93 | +34.0% |
| Cash at bank and in hand | 54/58 | €52 | €775 | +€722 | +1385.1% |
| Total equity and liabilities | 10/49 | €557,245 | €538,856 | -€18,389 | -3.3% |
| Equity | 10/15 | -€61,528 | -€114,228 | -€52,700 | -85.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,528 | -€129,228 | -€52,700 | -68.9% |
| Amounts payable | 17/49 | €618,773 | €653,085 | +€34,312 | +5.5% |
| Amounts payable after more than one year | 17 | €474,835 | €472,267 | -€2,568 | -0.5% |
| Financial debts | 170/4 | €474,835 | €472,267 | -€2,568 | -0.5% |
| Amounts payable within one year | 42/48 | €139,153 | €180,817 | +€41,664 | +29.9% |
| Trade debts | 44 | €4,718 | €4,866 | +€148 | +3.1% |
| Suppliers | 440/4 | €4,718 | €4,866 | +€148 | +3.1% |
| Other amounts payable | 47/48 | €134,436 | €175,951 | +€41,516 | +30.9% |
| Accrued charges and deferred income | 492/3 | €4,784 | - | -€4,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,204 | €19,204 | = | 0.0% |
| Gross operating margin | 9900 | -€22,308 | -€7,322 | +€14,985 | +67.2% |
| Operating profit (loss) | 9901 | -€41,512 | -€26,527 | +€14,985 | +36.1% |
| Financial charges | 65/66B | €35,016 | €26,174 | -€8,842 | -25.3% |
| Recurring financial charges | 65 | €35,016 | €26,174 | -€8,842 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€76,528 | -€52,700 | +€23,827 | +31.1% |
| Profit (loss) for the period | 9904 | -€76,528 | -€52,700 | +€23,827 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,528 | -€52,700 | +€23,827 | +31.1% |
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 6 October 2026 via checked.be.