IMMO K.H.B.: 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 K.H.B.
Largest movements
- Cash +€69,756
up €69,756 (+225%), from €30,982 to €100,738
mainly Net result for the year (+€95,443) and Depreciation (+€25,694)
- Tangible fixed assets -€33,911
down €33,911 (-6.7%), from €502,765 to €468,854
- Reserves +€75,234
up €75,234 (+22.2%), from €338,581 to €413,815
of which Distributable reserves: +€80,620
- Current portion of long-term debt -€31,196
down €31,196 (-100%), from €31,196 to €0
- Other debts -€9,114
down €9,114 (-30.2%), from €30,157 to €21,044
- Tax, wage and social debts +€8,127
up €8,127 (+458%), from €1,774 to €9,901
- Gross operating margin +€123,224
up €123,224 (+225%), from €54,845 to €178,069
- Taxes +€40,628
up €40,628 (+600%), from €6,776 to €47,404
- Depreciation -€2,864
down €2,864 (-10.0%), from €28,558 to €25,694
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 | €534,878 | €570,223 | +€35,345 | +6.6% |
| Fixed assets | 21/28 | €502,765 | €468,854 | -€33,911 | -6.7% |
| Tangible fixed assets | 22/27 | €502,765 | €468,854 | -€33,911 | -6.7% |
| Land and buildings | 22 | €502,765 | €468,854 | -€33,911 | -6.7% |
| Current assets | 29/58 | €32,113 | €101,369 | +€69,256 | +216% |
| Amounts receivable within one year | 40/41 | €967 | €0 | -€967 | -100% |
| Other amounts receivable | 41 | €967 | €0 | -€967 | -100% |
| Cash at bank and in hand | 54/58 | €30,982 | €100,738 | +€69,756 | +225% |
| Deferred charges and accrued income | 490/1 | €165 | €631 | +€466 | +282% |
| Total equity and liabilities | 10/49 | €534,878 | €570,223 | +€35,345 | +6.6% |
| Equity | 10/15 | €400,581 | €475,815 | +€75,234 | +18.8% |
| 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 | €338,581 | €413,815 | +€75,234 | +22.2% |
| Non-distributable reserves | 130/1 | €12,641 | €12,641 | = | 0.0% |
| Legal reserve | 130 | €12,641 | €12,641 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,889 | €118,502 | -€5,386 | -4.3% |
| Distributable reserves | 133 | €202,051 | €282,672 | +€80,620 | +39.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €63,793 | €61,020 | -€2,774 | -4.3% |
| Deferred taxes | 168 | €63,793 | €61,020 | -€2,774 | -4.3% |
| Amounts payable | 17/49 | €70,503 | €33,388 | -€37,115 | -52.6% |
| Amounts payable after more than one year | 17 | €2,856 | €0 | -€2,856 | -100% |
| Financial debts | 170/4 | €2,856 | €0 | -€2,856 | -100% |
| Amounts payable within one year | 42/48 | €65,352 | €31,391 | -€33,960 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €31,196 | €0 | -€31,196 | -100% |
| Trade debts | 44 | €2,224 | €446 | -€1,778 | -79.9% |
| Suppliers | 440/4 | €2,224 | €446 | -€1,778 | -79.9% |
| Taxes, remuneration and social security | 45 | €1,774 | €9,901 | +€8,127 | +458% |
| Taxes | 450/3 | €1,774 | €9,901 | +€8,127 | +458% |
| Other amounts payable | 47/48 | €30,157 | €21,044 | -€9,114 | -30.2% |
| Accrued charges and deferred income | 492/3 | €2,296 | €1,997 | -€299 | -13.0% |
| Non-recurring operating income | 76A | - | €125,784 | +€125,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,558 | €25,694 | -€2,864 | -10.0% |
| Other operating charges | 640/8 | €9,808 | €9,803 | -€4 | 0.0% |
| Gross operating margin | 9900 | €54,845 | €178,069 | +€123,224 | +225% |
| Operating profit (loss) | 9901 | €16,479 | €142,572 | +€126,093 | +765% |
| Financial income | 75/76B | €11 | €21 | +€10 | +93.3% |
| Recurring financial income | 75 | €11 | €21 | +€10 | +93.3% |
| Financial charges | 65/66B | €3,355 | €2,520 | -€835 | -24.9% |
| Recurring financial charges | 65 | €3,355 | €2,520 | -€835 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €13,135 | €140,073 | +€126,938 | +966% |
| Transfer from deferred taxes | 780 | €2,774 | €2,774 | = | 0.0% |
| Income taxes | 67/77 | €6,776 | €47,404 | +€40,628 | +600% |
| Profit (loss) for the period | 9904 | €9,133 | €95,443 | +€86,309 | +945% |
| Transfer from tax-exempt reserves | 789 | €5,386 | €5,386 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,520 | €100,829 | +€86,309 | +594% |
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 15 October 2026 via checked.be.