Immo Hubert: 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 Hubert
Largest movements
- Intangible fixed assets -€106,023
down €106,023 (-42.0%), from €252,170 to €146,147
- Cash +€76,792
up €76,792 (+171%), from €45,019 to €121,811
mainly Net result for the year (+€253,692) and Depreciation (+€200,283)
- Tangible fixed assets -€31,532
down €31,532 (-3.7%), from €853,650 to €822,119
of which Furniture and vehicles: -€41,638
- Deferred charges and accrued income +€25,093
up €25,093 (+38.6%), from €64,925 to €90,018
- Debts after one year -€179,684
down €179,684 (-23.4%), from €766,795 to €587,112
- Profit (loss) carried forward +€98,192
up €98,192 (+45.5%), from €216,009 to €314,201
- Tax, wage and social debts +€28,160
up €28,160 (+41.8%), from €67,358 to €95,518
of which Taxes: +€19,691
- Other debts +€26,538
up €26,538 (+15.3%), from €173,916 to €200,455
- Current portion of long-term debt -€22,479
down €22,479 (-10.0%), from €225,831 to €203,352
- Gross operating margin +€58,651
up €58,651 (+6.2%), from €945,858 to €1.0m
- Staff costs +€17,420
up €17,420 (+4.3%), from €405,161 to €422,582
- Taxes +€12,072
up €12,072 (+14.3%), from €84,685 to €96,757
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 | €1,516,197 | €1,467,004 | -€49,193 | -3.2% |
| Fixed assets | 21/28 | €1,105,821 | €968,265 | -€137,555 | -12.4% |
| Intangible fixed assets | 21 | €252,170 | €146,147 | -€106,023 | -42.0% |
| Tangible fixed assets | 22/27 | €853,650 | €822,119 | -€31,532 | -3.7% |
| Land and buildings | 22 | €701,145 | €667,365 | -€33,781 | -4.8% |
| Plant, machinery and equipment | 23 | €15,050 | €58,937 | +€43,887 | +292% |
| Furniture and vehicles | 24 | €137,455 | €95,817 | -€41,638 | -30.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €410,377 | €498,739 | +€88,362 | +21.5% |
| Amounts receivable within one year | 40/41 | €300,432 | €286,910 | -€13,522 | -4.5% |
| Trade receivables | 40 | €60,145 | €22,122 | -€38,022 | -63.2% |
| Other amounts receivable | 41 | €240,288 | €264,788 | +€24,500 | +10.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €45,019 | €121,811 | +€76,792 | +171% |
| Deferred charges and accrued income | 490/1 | €64,925 | €90,018 | +€25,093 | +38.6% |
| Total equity and liabilities | 10/49 | €1,516,197 | €1,467,004 | -€49,193 | -3.2% |
| Equity | 10/15 | €247,754 | €345,946 | +€98,192 | +39.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,153 | €13,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €8,815 | €8,815 | = | 0.0% |
| Distributable reserves | 133 | €4,338 | €4,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,009 | €314,201 | +€98,192 | +45.5% |
| Provisions and deferred taxes | 16 | €4,539 | €4,539 | = | 0.0% |
| Deferred taxes | 168 | €4,539 | €4,539 | = | 0.0% |
| Amounts payable | 17/49 | €1,263,904 | €1,116,519 | -€147,385 | -11.7% |
| Amounts payable after more than one year | 17 | €766,795 | €587,112 | -€179,684 | -23.4% |
| Financial debts | 170/4 | €766,795 | €587,112 | -€179,684 | -23.4% |
| Amounts payable within one year | 42/48 | €497,109 | €529,407 | +€32,299 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €225,831 | €203,352 | -€22,479 | -10.0% |
| Financial debts | 43 | €22,111 | €25,400 | +€3,289 | +14.9% |
| Credit institutions | 430/8 | €22,111 | €25,400 | +€3,289 | +14.9% |
| Trade debts | 44 | €7,893 | €4,683 | -€3,210 | -40.7% |
| Suppliers | 440/4 | €7,893 | €4,683 | -€3,210 | -40.7% |
| Taxes, remuneration and social security | 45 | €67,358 | €95,518 | +€28,160 | +41.8% |
| Taxes | 450/3 | €19,685 | €39,377 | +€19,691 | +100% |
| Remuneration and social security | 454/9 | €47,672 | €56,141 | +€8,468 | +17.8% |
| Other amounts payable | 47/48 | €173,916 | €200,455 | +€26,538 | +15.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €405,161 | €422,582 | +€17,420 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,063 | €200,283 | +€2,220 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,916 | €9,352 | +€436 | +4.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €945,858 | €1,004,509 | +€58,651 | +6.2% |
| Operating profit (loss) | 9901 | €333,718 | €372,292 | +€38,574 | +11.6% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100% |
| Financial charges | 65/66B | €27,053 | €21,843 | -€5,210 | -19.3% |
| Recurring financial charges | 65 | €27,053 | €21,843 | -€5,210 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €306,695 | €350,449 | +€43,754 | +14.3% |
| Income taxes | 67/77 | €84,685 | €96,757 | +€12,072 | +14.3% |
| Profit (loss) for the period | 9904 | €222,010 | €253,692 | +€31,682 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,010 | €253,692 | +€31,682 | +14.3% |
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 16 October 2026 via checked.be.