IMMO VAN HOYE: 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 VAN HOYE
Largest movements
- Current investments +€1.2m
up €1.2m (+155%), from €800,000 to €2.0m
- Receivables within one year -€527,617
down €527,617 (-59.3%), from €889,426 to €361,809
of which Other amounts receivable: -€529,693
- Cash -€97,720
down €97,720 (-15.7%), from €622,398 to €524,678
mainly Current investments (-€1.2m) and Contributions, distributions and other (-€308,000)
- Tangible fixed assets -€43,839
down €43,839 (-9.8%), from €445,154 to €401,315
of which Land and buildings: -€49,088
- Accrued charges and deferred income +€306,545
new in 2025: €306,545
- Reserves +€304,750
up €304,750 (+12.2%), from €2.5m to €2.8m
of which Distributable reserves: +€304,750
- Tax, wage and social debts -€62,134
down €62,134 (-43.1%), from €144,238 to €82,104
of which Taxes: -€65,717
- Other debts +€54,765
up €54,765 (+281%), from €19,486 to €74,251
- Trade debts -€34,612
down €34,612 (-35.3%), from €98,145 to €63,533
- Gross operating margin -€92,726
down €92,726 (-7.7%), from €1.2m to €1.1m
- Taxes -€38,657
down €38,657 (-12.0%), from €321,657 to €283,000
- Staff costs +€30,110
up €30,110 (+22.9%), from €131,652 to €161,762
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 | €2,771,784 | €3,341,098 | +€569,314 | +20.5% |
| Fixed assets | 21/28 | €451,144 | €407,305 | -€43,839 | -9.7% |
| Tangible fixed assets | 22/27 | €445,154 | €401,315 | -€43,839 | -9.8% |
| Land and buildings | 22 | €352,766 | €303,678 | -€49,088 | -13.9% |
| Plant, machinery and equipment | 23 | €12,106 | €6,727 | -€5,379 | -44.4% |
| Furniture and vehicles | 24 | €80,282 | €90,910 | +€10,628 | +13.2% |
| Financial fixed assets | 28 | €5,990 | €5,990 | = | 0.0% |
| Current assets | 29/58 | €2,320,640 | €2,933,793 | +€613,153 | +26.4% |
| Amounts receivable within one year | 40/41 | €889,426 | €361,809 | -€527,617 | -59.3% |
| Trade receivables | 40 | €283,809 | €285,885 | +€2,076 | +0.7% |
| Other amounts receivable | 41 | €605,617 | €75,924 | -€529,693 | -87.5% |
| Current investments | 50/53 | €800,000 | €2,038,708 | +€1.2m | +155% |
| Cash at bank and in hand | 54/58 | €622,398 | €524,678 | -€97,720 | -15.7% |
| Deferred charges and accrued income | 490/1 | €8,816 | €8,598 | -€218 | -2.5% |
| Total equity and liabilities | 10/49 | €2,771,784 | €3,341,098 | +€569,314 | +20.5% |
| Equity | 10/15 | €2,509,915 | €2,814,665 | +€304,750 | +12.1% |
| Contributions | 10/11 | €8,056 | €8,056 | = | 0.0% |
| Reserves | 13 | €2,501,859 | €2,806,609 | +€304,750 | +12.2% |
| Tax-exempt reserves | 132 | €567 | €567 | = | 0.0% |
| Distributable reserves | 133 | €2,501,292 | €2,806,042 | +€304,750 | +12.2% |
| Amounts payable | 17/49 | €261,869 | €526,433 | +€264,564 | +101% |
| Amounts payable within one year | 42/48 | €261,869 | €219,888 | -€41,981 | -16.0% |
| Trade debts | 44 | €98,145 | €63,533 | -€34,612 | -35.3% |
| Suppliers | 440/4 | €98,145 | €63,533 | -€34,612 | -35.3% |
| Taxes, remuneration and social security | 45 | €144,238 | €82,104 | -€62,134 | -43.1% |
| Taxes | 450/3 | €130,485 | €64,768 | -€65,717 | -50.4% |
| Remuneration and social security | 454/9 | €13,753 | €17,336 | +€3,583 | +26.1% |
| Other amounts payable | 47/48 | €19,486 | €74,251 | +€54,765 | +281% |
| Accrued charges and deferred income | 492/3 | - | €306,545 | +€306,545 | |
| Remuneration, social security and pensions | 62 | €131,652 | €161,762 | +€30,110 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,764 | €83,629 | -€1,135 | -1.3% |
| Other operating charges | 640/8 | €4,306 | €3,353 | -€953 | -22.1% |
| Gross operating margin | 9900 | €1,210,901 | €1,118,175 | -€92,726 | -7.7% |
| Operating profit (loss) | 9901 | €990,179 | €869,431 | -€120,748 | -12.2% |
| Financial income | 75/76B | €26,177 | €28,221 | +€2,044 | +7.8% |
| Recurring financial income | 75 | €26,177 | €28,221 | +€2,044 | +7.8% |
| Financial charges | 65/66B | €1,137 | €1,902 | +€765 | +67.3% |
| Recurring financial charges | 65 | €1,137 | €1,902 | +€765 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €1,015,219 | €895,750 | -€119,469 | -11.8% |
| Income taxes | 67/77 | €321,657 | €283,000 | -€38,657 | -12.0% |
| Profit (loss) for the period | 9904 | €693,562 | €612,750 | -€80,812 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €693,562 | €612,750 | -€80,812 | -11.7% |
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 1 November 2026 via checked.be.