IMMO HOUSSIERE: what changed
What changed
IMMO HOUSSIERE
NACE 68.321, Property management for co-owned buildings (syndics)
filed annual accounts (NBB)
Net result for the year
-€105,769
2024 · €116,652-€222,421
Equity
€898,879
2024 · €1.0m-€105,769
Cash
€12,967
2024 · €67,028-€54,061
Balance sheet total
€1.4m
2024 · €1.3m+€131,943
Largest movements
Assets
- Tangible fixed assets +€181,043
up €181,043 (+15.0%), from €1.2m to €1.4m
of which Plant, machinery and equipment: +€182,375
- Cash -€54,061
down €54,061 (-80.7%), from €67,028 to €12,967
mainly Investment in fixed assets (net) (-€344,034) and Net result for the year (-€105,769)
Equity and liabilities
- Debts after one year +€164,838
up €164,838 (+106%), from €156,027 to €320,865
of which Financial debts: +€164,838
- Profit (loss) carried forward -€105,769
down €105,769 (-54.9%), from -€192,633 to -€298,401
- Other debts +€63,615
up €63,615 (+6,332%), from €1,005 to €64,620
Income statement
- Gross operating margin -€148,158
down €148,158 (-53.7%), from €275,870 to €127,712
- Depreciation +€41,217
up €41,217 (+33.8%), from €121,773 to €162,991
- Staff costs +€14,498
new in 2025: €14,498
- Financial charges +€9,511
up €9,511 (+329%), from €2,894 to €12,404
- Taxes +€5,248
new in 2025: €5,248
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€116,652
Gross operating margin
-€148,158
Staff costs
-€14,498
Depreciation
-€41,217
Other operating charges
-€3,598
Financial income
-€189
Financial charges
-€9,511
Taxes
-€5,248
Result 2025
-€105,769
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€127,614
Investment
-€344,034
Financing
+€162,360
Cash 2024
€67,028
From operations (derived)
+€127,614
Net result for the year
-€105,769
Depreciation
+€162,991
Receivables within one year
+€58
Deferred charges and accrued income
-€5,018
Trade debts
+€7,302
Tax, wage and social debts
+€1,856
Other debts
+€63,615
Accrued charges and deferred income
+€2,579
Investment (derived)
-€344,034
Investment in fixed assets (net)
-€344,034
Financing
+€162,360
Debts after one year
+€164,838
Current portion of long-term debt
-€2,478
Cash 2025
€12,967
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,295,760 | €1,427,703 | +€131,943 | +10.2% |
| Fixed assets | 21/28 | €1,204,464 | €1,385,507 | +€181,043 | +15.0% |
| Tangible fixed assets | 22/27 | €1,204,464 | €1,385,507 | +€181,043 | +15.0% |
| Land and buildings | 22 | €26,413 | €24,815 | -€1,598 | -6.1% |
| Plant, machinery and equipment | 23 | €1,177,445 | €1,359,820 | +€182,375 | +15.5% |
| Furniture and vehicles | 24 | €606 | €873 | +€267 | +44.0% |
| Current assets | 29/58 | €91,296 | €42,196 | -€49,100 | -53.8% |
| Amounts receivable within one year | 40/41 | €16,739 | €16,681 | -€58 | -0.3% |
| Other amounts receivable | 41 | €16,739 | €16,681 | -€58 | -0.3% |
| Cash at bank and in hand | 54/58 | €67,028 | €12,967 | -€54,061 | -80.7% |
| Deferred charges and accrued income | 490/1 | €7,529 | €12,548 | +€5,018 | +66.7% |
| Total equity and liabilities | 10/49 | €1,295,760 | €1,427,703 | +€131,943 | +10.2% |
| Equity | 10/15 | €1,004,648 | €898,879 | -€105,769 | -10.5% |
| Contributions | 10/11 | €1,130,000 | €1,130,000 | = | 0.0% |
| Capital | 10 | €1,130,000 | €1,130,000 | = | 0.0% |
| Issued capital | 100 | €1,130,000 | €1,130,000 | = | 0.0% |
| Reserves | 13 | €67,280 | €67,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,444 | €65,444 | = | 0.0% |
| Legal reserve | 130 | €65,444 | €65,444 | = | 0.0% |
| Distributable reserves | 133 | €1,836 | €1,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,633 | -€298,401 | -€105,769 | -54.9% |
| Amounts payable | 17/49 | €291,113 | €528,825 | +€237,712 | +81.7% |
| Amounts payable after more than one year | 17 | €156,027 | €320,865 | +€164,838 | +106% |
| Financial debts | 170/4 | €118,469 | €283,307 | +€164,838 | +139% |
| Other amounts payable | 178/9 | €37,557 | €37,557 | = | 0.0% |
| Amounts payable within one year | 42/48 | €131,286 | €201,582 | +€70,295 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €71,235 | €68,757 | -€2,478 | -3.5% |
| Trade debts | 44 | €59,047 | €66,349 | +€7,302 | +12.4% |
| Suppliers | 440/4 | €59,047 | €66,349 | +€7,302 | +12.4% |
| Taxes, remuneration and social security | 45 | - | €1,856 | +€1,856 | |
| Remuneration and social security | 454/9 | - | €1,856 | +€1,856 | |
| Other amounts payable | 47/48 | €1,005 | €64,620 | +€63,615 | +6,332% |
| Accrued charges and deferred income | 492/3 | €3,799 | €6,378 | +€2,579 | +67.9% |
| Non-recurring operating income | 76A | €146,704 | €23,381 | -€123,323 | -84.1% |
| Remuneration, social security and pensions | 62 | - | €14,498 | +€14,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,773 | €162,991 | +€41,217 | +33.8% |
| Other operating charges | 640/8 | €34,796 | €38,394 | +€3,598 | +10.3% |
| Gross operating margin | 9900 | €275,870 | €127,712 | -€148,158 | -53.7% |
| Operating profit (loss) | 9901 | €119,301 | -€88,171 | -€207,472 | |
| Financial income | 75/76B | €245 | €56 | -€189 | -77.3% |
| Recurring financial income | 75 | €245 | €56 | -€189 | -77.3% |
| Financial charges | 65/66B | €2,894 | €12,404 | +€9,511 | +329% |
| Recurring financial charges | 65 | €2,894 | €12,404 | +€9,511 | +329% |
| Profit (loss) for the period before taxes | 9903 | €116,652 | -€100,520 | -€217,172 | |
| Income taxes | 67/77 | - | €5,248 | +€5,248 | |
| Profit (loss) for the period | 9904 | €116,652 | -€105,769 | -€222,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,652 | -€105,769 | -€222,421 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.