IMMO HOURDENGE: 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 HOURDENGE
Largest movements
- Financial fixed assets -€314,049
down €314,049 (-96.9%), from €324,049 to €10,000
- Tangible fixed assets -€54,160
down €54,160 (-8.7%), from €620,352 to €566,192
of which Leasing and similar rights: -€53,960
- Profit (loss) carried forward -€309,933
down €309,933, from €11,983 to -€297,950
- Debts after one year -€51,381
down €51,381 (-6.2%), from €834,948 to €783,567
of which Financial debts: -€51,381
- Accrued charges and deferred income -€40,702
down €40,702 (-8.7%), from €468,071 to €427,370
- Financial charges +€313,269
up €313,269 (+2564.7%), from €12,215 to €325,483
of which Non-recurring financial charges: +€314,049
- Write-downs -€21,221
no longer reported in 2025 (was €21,221)
- Gross operating margin -€18,616
down €18,616 (-17.3%), from €107,486 to €88,870
- Other operating charges +€1,304
up €1,304 (+7.6%), from €17,056 to €18,359
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 | €1,783,357 | €1,422,990 | -€360,367 | -20.2% |
| Fixed assets | 21/28 | €944,402 | €576,192 | -€368,209 | -39.0% |
| Tangible fixed assets | 22/27 | €620,352 | €566,192 | -€54,160 | -8.7% |
| Furniture and vehicles | 24 | €200 | - | -€200 | |
| Leasing and similar rights | 25 | €620,152 | €566,192 | -€53,960 | -8.7% |
| Financial fixed assets | 28 | €324,049 | €10,000 | -€314,049 | -96.9% |
| Current assets | 29/58 | €838,955 | €846,798 | +€7,842 | +0.9% |
| Amounts receivable after more than one year | 29 | €810,071 | €799,485 | -€10,586 | -1.3% |
| Other amounts receivable | 291 | €810,071 | €799,485 | -€10,586 | -1.3% |
| Amounts receivable within one year | 40/41 | €20,075 | €16,698 | -€3,377 | -16.8% |
| Trade receivables | 40 | €9,829 | €6,476 | -€3,354 | -34.1% |
| Other amounts receivable | 41 | €10,245 | €10,222 | -€23 | -0.2% |
| Cash at bank and in hand | 54/58 | €7,563 | €15,247 | +€7,683 | +101.6% |
| Deferred charges and accrued income | 490/1 | €1,246 | €15,368 | +€14,122 | +1133.6% |
| Total equity and liabilities | 10/49 | €1,783,357 | €1,422,990 | -€360,367 | -20.2% |
| Equity | 10/15 | €415,766 | €105,833 | -€309,933 | -74.5% |
| Contributions | 10/11 | €102,400 | €102,400 | = | 0.0% |
| Capital | 10 | €102,400 | €102,400 | = | 0.0% |
| Issued capital | 100 | €102,400 | €102,400 | = | 0.0% |
| Reserves | 13 | €301,383 | €301,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,240 | €10,240 | = | 0.0% |
| Legal reserve | 130 | €10,240 | €10,240 | = | 0.0% |
| Distributable reserves | 133 | €291,143 | €291,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,983 | -€297,950 | -€309,933 | |
| Amounts payable | 17/49 | €1,367,591 | €1,317,157 | -€50,434 | -3.7% |
| Amounts payable after more than one year | 17 | €834,948 | €783,567 | -€51,381 | -6.2% |
| Financial debts | 170/4 | €733,988 | €682,607 | -€51,381 | -7.0% |
| Other amounts payable | 178/9 | €100,960 | €100,960 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,572 | €106,221 | +€41,649 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €50,457 | €51,356 | +€900 | +1.8% |
| Trade debts | 44 | €9,617 | €24,789 | +€15,172 | +157.8% |
| Suppliers | 440/4 | €9,617 | €24,789 | +€15,172 | +157.8% |
| Taxes, remuneration and social security | 45 | €3,535 | €16,335 | +€12,800 | +362.1% |
| Taxes | 450/3 | €3,535 | €4,335 | +€800 | +22.6% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €963 | €13,740 | +€12,777 | +1326.8% |
| Accrued charges and deferred income | 492/3 | €468,071 | €427,370 | -€40,702 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,160 | €54,160 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,221 | - | -€21,221 | |
| Other operating charges | 640/8 | €17,056 | €18,359 | +€1,304 | +7.6% |
| Gross operating margin | 9900 | €107,486 | €88,870 | -€18,616 | -17.3% |
| Operating profit (loss) | 9901 | €15,049 | €16,351 | +€1,301 | +8.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,215 | €325,483 | +€313,269 | +2564.7% |
| Recurring financial charges | 65 | €12,215 | €11,434 | -€780 | -6.4% |
| Non-recurring financial charges | 66B | - | €314,049 | +€314,049 | |
| Profit (loss) for the period before taxes | 9903 | €2,835 | -€309,133 | -€311,968 | |
| Income taxes | 67/77 | - | €800 | +€800 | |
| Profit (loss) for the period | 9904 | €2,835 | -€309,933 | -€312,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | -€309,933 | -€312,768 |
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 5 October 2026 via checked.be.