Immo PH74: what changed
Two fiscal 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 PH74
Largest movements
- Tangible fixed assets -€80,581
down €80,581 (-4.3%), from €1.9m to €1.8m
of which Land and buildings: -€61,878
- Debts after one year -€88,185
down €88,185 (-5.4%), from €1.6m to €1.6m
- Other debts -€19,000
down €19,000 (-82.6%), from €23,000 to €4,000
- Gross operating margin +€15,515
up €15,515 (+14.8%), from €104,898 to €120,413
- Taxes +€3,350
up €3,350 (+172.7%), from €1,940 to €5,290
- Financial charges +€1,965
up €1,965 (+7.7%), from €25,481 to €27,446
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 | €1,887,925 | €1,799,956 | -€87,969 | -4.7% |
| Fixed assets | 21/28 | €1,876,336 | €1,795,755 | -€80,581 | -4.3% |
| Tangible fixed assets | 22/27 | €1,876,336 | €1,795,755 | -€80,581 | -4.3% |
| Land and buildings | 22 | €1,837,921 | €1,776,043 | -€61,878 | -3.4% |
| Plant, machinery and equipment | 23 | €21,031 | €19,711 | -€1,320 | -6.3% |
| Assets under construction and advance payments | 27 | €17,384 | - | -€17,384 | |
| Current assets | 29/58 | €11,590 | €4,201 | -€7,389 | -63.8% |
| Cash at bank and in hand | 54/58 | €10,283 | €2,811 | -€7,471 | -72.7% |
| Deferred charges and accrued income | 490/1 | €1,307 | €1,390 | +€83 | +6.3% |
| Total equity and liabilities | 10/49 | €1,887,925 | €1,799,956 | -€87,969 | -4.7% |
| Equity | 10/15 | €134,372 | €148,905 | +€14,533 | +10.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,372 | €28,905 | +€14,533 | +101.1% |
| Amounts payable | 17/49 | €1,753,553 | €1,651,051 | -€102,502 | -5.8% |
| Amounts payable after more than one year | 17 | €1,641,095 | €1,552,909 | -€88,185 | -5.4% |
| Financial debts | 170/4 | €1,641,095 | €1,552,909 | -€88,185 | -5.4% |
| Amounts payable within one year | 42/48 | €112,459 | €98,141 | -€14,317 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €86,771 | €88,185 | +€1,414 | +1.6% |
| Trade debts | 44 | €747 | €666 | -€81 | -10.9% |
| Suppliers | 440/4 | €747 | €666 | -€81 | -10.9% |
| Taxes, remuneration and social security | 45 | €1,940 | €5,290 | +€3,350 | +172.7% |
| Taxes | 450/3 | €1,940 | €5,290 | +€3,350 | +172.7% |
| Other amounts payable | 47/48 | €23,000 | €4,000 | -€19,000 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,889 | €69,862 | +€973 | +1.4% |
| Other operating charges | 640/8 | €2,863 | €3,284 | +€421 | +14.7% |
| Gross operating margin | 9900 | €104,898 | €120,413 | +€15,515 | +14.8% |
| Operating profit (loss) | 9901 | €33,147 | €47,267 | +€14,121 | +42.6% |
| Financial income | 75/76B | €95 | €2 | -€93 | -98.0% |
| Recurring financial income | 75 | €95 | €2 | -€93 | -98.0% |
| Financial charges | 65/66B | €25,481 | €27,446 | +€1,965 | +7.7% |
| Recurring financial charges | 65 | €25,481 | €27,446 | +€1,965 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €7,760 | €19,823 | +€12,063 | +155.5% |
| Income taxes | 67/77 | €1,940 | €5,290 | +€3,350 | +172.7% |
| Profit (loss) for the period | 9904 | €5,820 | €14,533 | +€8,713 | +149.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,820 | €14,533 | +€8,713 | +149.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.