IMMO ROHOLD: 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.
What changed
IMMO ROHOLD
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€274,760
2024 · €120,944+€153,816
Equity
€1.5m
2024 · €1.3m+€274,760
Cash
€19,300
2024 · €13,293+€6,008
Balance sheet total
€4.1m
2024 · €3.7m+€421,117
Largest movements
Assets
- Tangible fixed assets +€545,869
up €545,869 (+16.3%), from €3.3m to €3.9m
- Receivables after one year -€129,000
down €129,000 (-50.8%), from €254,000 to €125,000
Equity and liabilities
- Reserves +€235,587
up €235,587 (+99.6%), from €236,429 to €472,016
of which Tax-exempt reserves: +€226,766
- Debts after one year +€145,365
up €145,365 (+9.0%), from €1.6m to €1.8m
- Other debts -€129,658
down €129,658 (-24.5%), from €528,213 to €398,555
- Provisions +€78,435
up €78,435 (+1967.8%), from €3,986 to €82,421
of which Deferred taxes: +€78,435
Income statement
- Gross operating margin +€283,651
up €283,651 (+69.0%), from €411,386 to €695,037
- Depreciation +€87,322
up €87,322 (+59.9%), from €145,699 to €233,021
- Taxes -€35,370
down €35,370 (-74.6%), from €47,403 to €12,034
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.
Result 2024
€120,944
Gross operating margin
+€283,651
Depreciation
-€87,322
Provisions
-€3,952
Other operating charges
-€464
Other operating items
+€3,952
Financial income
-€40
Financial charges
+€1,322
Taxes
+€35,370
Deferred taxes and other
-€78,701
Result 2025
€274,760
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.
From operations
+€632,580
Investment
-€778,890
Financing
+€152,318
Cash 2024
€13,293
From operations (derived)
+€632,580
Net result for the year
+€274,760
Depreciation
+€233,021
Receivables after one year
+€129,000
Smaller working-capital items
+€260
Provisions
+€78,435
Trade debts
+€40,465
Other debts
-€129,658
Accrued charges and deferred income
+€6,297
Investment (derived)
-€778,890
Investment in fixed assets (net)
-€778,890
Financing
+€152,318
Debts after one year
+€145,365
Current portion of long-term debt
+€36,865
Short-term financial debts
-€29,912
Cash 2025
€19,300
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,669,330 | €4,090,446 | +€421,117 | +11.5% |
| Fixed assets | 21/28 | €3,346,696 | €3,892,565 | +€545,869 | +16.3% |
| Tangible fixed assets | 22/27 | €3,342,647 | €3,888,516 | +€545,869 | +16.3% |
| Land and buildings | 22 | €3,342,647 | €3,888,516 | +€545,869 | +16.3% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €322,633 | €197,881 | -€124,752 | -38.7% |
| Amounts receivable after more than one year | 29 | €254,000 | €125,000 | -€129,000 | -50.8% |
| Other amounts receivable | 291 | €254,000 | €125,000 | -€129,000 | -50.8% |
| Amounts receivable within one year | 40/41 | €53,183 | €51,271 | -€1,911 | -3.6% |
| Trade receivables | 40 | €19,685 | €11,670 | -€8,015 | -40.7% |
| Other amounts receivable | 41 | €33,498 | €39,601 | +€6,103 | +18.2% |
| Cash at bank and in hand | 54/58 | €13,293 | €19,300 | +€6,008 | +45.2% |
| Deferred charges and accrued income | 490/1 | €2,158 | €2,309 | +€152 | +7.0% |
| Total equity and liabilities | 10/49 | €3,669,330 | €4,090,446 | +€421,117 | +11.5% |
| Equity | 10/15 | €1,258,658 | €1,533,418 | +€274,760 | +21.8% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €236,429 | €472,016 | +€235,587 | +99.6% |
| Tax-exempt reserves | 132 | €124,290 | €351,057 | +€226,766 | +182.4% |
| Distributable reserves | 133 | €112,139 | €120,959 | +€8,821 | +7.9% |
| Profit (loss) carried forward | 14 | €607,229 | €646,402 | +€39,173 | +6.5% |
| Provisions and deferred taxes | 16 | €3,986 | €82,421 | +€78,435 | +1967.8% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €3,986 | €82,421 | +€78,435 | +1967.8% |
| Amounts payable | 17/49 | €2,406,686 | €2,474,608 | +€67,922 | +2.8% |
| Amounts payable after more than one year | 17 | €1,616,595 | €1,761,960 | +€145,365 | +9.0% |
| Financial debts | 170/4 | €1,616,595 | €1,761,960 | +€145,365 | +9.0% |
| Amounts payable within one year | 42/48 | €785,505 | €701,765 | -€83,740 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €211,585 | €248,451 | +€36,865 | +17.4% |
| Financial debts | 43 | €40,000 | €10,088 | -€29,912 | -74.8% |
| Credit institutions | 430/8 | €40,000 | €10,088 | -€29,912 | -74.8% |
| Trade debts | 44 | €4,206 | €44,672 | +€40,465 | +962.0% |
| Suppliers | 440/4 | €4,206 | €44,672 | +€40,465 | +962.0% |
| Taxes, remuneration and social security | 45 | €1,500 | €0 | -€1,500 | -100.0% |
| Taxes | 450/3 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €528,213 | €398,555 | -€129,658 | -24.5% |
| Accrued charges and deferred income | 492/3 | €4,586 | €10,883 | +€6,297 | +137.3% |
| Non-recurring operating income | 76A | - | €322,125 | +€322,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,699 | €233,021 | +€87,322 | +59.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,952 | €0 | +€3,952 | |
| Other operating charges | 640/8 | €31,347 | €31,811 | +€464 | +1.5% |
| Non-recurring operating charges | 66A | €3,952 | €0 | -€3,952 | -100.0% |
| Gross operating margin | 9900 | €411,386 | €695,037 | +€283,651 | +69.0% |
| Operating profit (loss) | 9901 | €234,339 | €430,204 | +€195,865 | +83.6% |
| Financial income | 75/76B | €127 | €87 | -€40 | -31.3% |
| Recurring financial income | 75 | €127 | €87 | -€40 | -31.3% |
| Financial charges | 65/66B | €66,385 | €65,063 | -€1,322 | -2.0% |
| Recurring financial charges | 65 | €66,385 | €65,063 | -€1,322 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €168,081 | €365,228 | +€197,147 | +117.3% |
| Transfer from deferred taxes | 780 | €266 | €2,096 | +€1,830 | +688.8% |
| Transfer to deferred taxes | 680 | - | €80,531 | +€80,531 | |
| Income taxes | 67/77 | €47,403 | €12,034 | -€35,370 | -74.6% |
| Profit (loss) for the period | 9904 | €120,944 | €274,760 | +€153,816 | +127.2% |
| Transfer from tax-exempt reserves | 789 | €516 | €6,007 | +€5,491 | +1064.0% |
| Transfer to tax-exempt reserves | 689 | - | €241,594 | +€241,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,460 | €39,173 | -€82,287 | -67.7% |
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 5 October 2026 via checked.be.