IMMO-OH: 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-OH
Largest movements
- Tangible fixed assets +€319,095
up €319,095 (+49.5%), from €645,285 to €964,380
of which Other tangible fixed assets: +€333,639
- Cash -€43,359
down €43,359 (-94.1%), from €46,063 to €2,704
mainly Investment in fixed assets (net) (-€344,446) and Trade debts (-€34,005)
- Debts after one year +€290,009
up €290,009 (+87.2%), from €332,539 to €622,548
- Trade debts -€34,005
down €34,005 (-79.7%), from €42,679 to €8,674
- Current portion of long-term debt +€11,298
up €11,298 (+28.0%), from €40,376 to €51,674
- Depreciation +€10,898
up €10,898 (+74.1%), from €14,697 to €25,595
- Financial charges +€4,163
up €4,163 (+23.3%), from €17,878 to €22,041
- Gross operating margin -€3,741
down €3,741 (-6.0%), from €62,838 to €59,097
- Taxes +€1,344
up €1,344 (+57.7%), from €2,331 to €3,675
- Other operating charges -€1,239
down €1,239 (-69.3%), from €1,787 to €548
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 | €747,690 | €1,025,404 | +€277,714 | +37.1% |
| Fixed assets | 21/28 | €648,129 | €966,980 | +€318,851 | +49.2% |
| Tangible fixed assets | 22/27 | €645,285 | €964,380 | +€319,095 | +49.5% |
| Land and buildings | 22 | €502,760 | €488,216 | -€14,544 | -2.9% |
| Other tangible fixed assets | 26 | €142,525 | €476,164 | +€333,639 | +234.1% |
| Financial fixed assets | 28 | €2,844 | €2,600 | -€244 | -8.6% |
| Current assets | 29/58 | €99,561 | €58,425 | -€41,136 | -41.3% |
| Amounts receivable after more than one year | 29 | €51,427 | €51,427 | = | 0.0% |
| Other amounts receivable | 291 | €51,427 | €51,427 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,148 | €2,999 | +€1,851 | +161.2% |
| Other amounts receivable | 41 | €1,148 | €2,999 | +€1,851 | +161.2% |
| Cash at bank and in hand | 54/58 | €46,063 | €2,704 | -€43,359 | -94.1% |
| Deferred charges and accrued income | 490/1 | €923 | €1,295 | +€372 | +40.3% |
| Total equity and liabilities | 10/49 | €747,690 | €1,025,404 | +€277,714 | +37.1% |
| Equity | 10/15 | €173,843 | €181,081 | +€7,238 | +4.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,860 | +€7,000 | +376.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €7,000 | +€7,000 | |
| Profit (loss) carried forward | 14 | €21,983 | €22,221 | +€238 | +1.1% |
| Amounts payable | 17/49 | €573,847 | €844,323 | +€270,476 | +47.1% |
| Amounts payable after more than one year | 17 | €332,539 | €622,548 | +€290,009 | +87.2% |
| Financial debts | 170/4 | €332,539 | €622,548 | +€290,009 | +87.2% |
| Amounts payable within one year | 42/48 | €241,308 | €221,775 | -€19,533 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €40,376 | €51,674 | +€11,298 | +28.0% |
| Trade debts | 44 | €42,679 | €8,674 | -€34,005 | -79.7% |
| Suppliers | 440/4 | €42,679 | €8,674 | -€34,005 | -79.7% |
| Taxes, remuneration and social security | 45 | €2,331 | €3,756 | +€1,425 | +61.1% |
| Taxes | 450/3 | €2,331 | €3,756 | +€1,425 | +61.1% |
| Other amounts payable | 47/48 | €155,922 | €157,670 | +€1,748 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,697 | €25,595 | +€10,898 | +74.1% |
| Other operating charges | 640/8 | €1,787 | €548 | -€1,239 | -69.3% |
| Gross operating margin | 9900 | €62,838 | €59,097 | -€3,741 | -6.0% |
| Operating profit (loss) | 9901 | €46,354 | €32,954 | -€13,400 | -28.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,878 | €22,041 | +€4,163 | +23.3% |
| Recurring financial charges | 65 | €17,878 | €22,041 | +€4,163 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €28,476 | €10,914 | -€17,562 | -61.7% |
| Income taxes | 67/77 | €2,331 | €3,675 | +€1,344 | +57.7% |
| Profit (loss) for the period | 9904 | €26,145 | €7,238 | -€18,907 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,145 | €7,238 | -€18,907 | -72.3% |
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 12 October 2026 via checked.be.