IMMO P.H.: 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 P.H.
Largest movements
- Tangible fixed assets -€16,563
down €16,563 (-2.3%), from €724,193 to €707,630
- Cash +€8,843
up €8,843 (+59.9%), from €14,774 to €23,617
mainly Net result for the year (+€31,041) and Depreciation (+€16,563)
- Debts after one year -€33,101
down €33,101 (-6.0%), from €551,117 to €518,016
of which Financial debts: -€33,101
- Profit (loss) carried forward +€31,041
up €31,041 (+23.3%), from -€133,411 to -€102,370
- Gross operating margin +€2,138
up €2,138 (+3.7%), from €57,552 to €59,690
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 | €738,967 | €731,246 | -€7,721 | -1.0% |
| Fixed assets | 21/28 | €724,193 | €707,630 | -€16,563 | -2.3% |
| Tangible fixed assets | 22/27 | €724,193 | €707,630 | -€16,563 | -2.3% |
| Land and buildings | 22 | €724,193 | €707,630 | -€16,563 | -2.3% |
| Current assets | 29/58 | €14,774 | €23,617 | +€8,843 | +59.9% |
| Cash at bank and in hand | 54/58 | €14,774 | €23,617 | +€8,843 | +59.9% |
| Total equity and liabilities | 10/49 | €738,967 | €731,246 | -€7,721 | -1.0% |
| Equity | 10/15 | €66,589 | €97,630 | +€31,041 | +46.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,411 | -€102,370 | +€31,041 | +23.3% |
| Amounts payable | 17/49 | €672,378 | €633,616 | -€38,762 | -5.8% |
| Amounts payable after more than one year | 17 | €551,117 | €518,016 | -€33,101 | -6.0% |
| Financial debts | 170/4 | €366,117 | €333,016 | -€33,101 | -9.0% |
| Other amounts payable | 178/9 | €185,000 | €185,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,261 | €115,600 | -€5,660 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €32,628 | €33,101 | +€473 | +1.4% |
| Trade debts | 44 | €719 | €1,405 | +€686 | +95.4% |
| Suppliers | 440/4 | €719 | €1,405 | +€686 | +95.4% |
| Other amounts payable | 47/48 | €87,913 | €81,094 | -€6,819 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,563 | €16,563 | = | 0.0% |
| Other operating charges | 640/8 | €6,229 | €6,423 | +€194 | +3.1% |
| Gross operating margin | 9900 | €57,552 | €59,690 | +€2,138 | +3.7% |
| Operating profit (loss) | 9901 | €34,761 | €36,705 | +€1,944 | +5.6% |
| Financial charges | 65/66B | €6,139 | €5,664 | -€476 | -7.7% |
| Recurring financial charges | 65 | €6,139 | €5,664 | -€476 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €28,621 | €31,041 | +€2,420 | +8.5% |
| Profit (loss) for the period | 9904 | €28,621 | €31,041 | +€2,420 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,621 | €31,041 | +€2,420 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.