IMMO2MH: 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.
IMMO2MH
Largest movements
- Cash -€6,523
down €6,523 (-45.6%), from €14,313 to €7,790
mainly Trade debts (-€10,838) and Investment in fixed assets (net) (-€7,890)
- Receivables within one year +€5,488
up €5,488 (+83.0%), from €6,615 to €12,103
of which Trade receivables: +€5,488
- Profit (loss) carried forward +€20,943
up €20,943 (+49.8%), from -€42,040 to -€21,097
- Trade debts -€10,838
down €10,838 (-50.5%), from €21,476 to €10,638
- Debts after one year -€7,843
down €7,843 (-7.5%), from €104,156 to €96,314
- Tax, wage and social debts -€4,081
down €4,081 (-58.4%), from €6,991 to €2,910
- Gross operating margin +€29,989
up €29,989 (+944.6%), from €3,175 to €33,164
- Other operating charges +€1,365
up €1,365 (+352.4%), from €387 to €1,753
- Depreciation +€363
up €363 (+5.4%), from €6,750 to €7,113
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 | €153,970 | €153,742 | -€228 | -0.1% |
| Fixed assets | 21/28 | €133,042 | €133,819 | +€777 | +0.6% |
| Tangible fixed assets | 22/27 | €133,042 | €133,819 | +€777 | +0.6% |
| Land and buildings | 22 | €133,042 | €126,292 | -€6,750 | -5.1% |
| Plant, machinery and equipment | 23 | - | €7,527 | +€7,527 | |
| Current assets | 29/58 | €20,928 | €19,923 | -€1,005 | -4.8% |
| Amounts receivable within one year | 40/41 | €6,615 | €12,103 | +€5,488 | +83.0% |
| Trade receivables | 40 | €6,615 | €12,103 | +€5,488 | +83.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,313 | €7,790 | -€6,523 | -45.6% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €153,970 | €153,742 | -€228 | -0.1% |
| Equity | 10/15 | -€17,040 | €3,903 | +€20,943 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | - | €25,000 | +€25,000 | |
| Other | 1109/19 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | -€42,040 | -€21,097 | +€20,943 | +49.8% |
| Amounts payable | 17/49 | €171,010 | €149,839 | -€21,171 | -12.4% |
| Amounts payable after more than one year | 17 | €104,156 | €96,314 | -€7,843 | -7.5% |
| Financial debts | 170/4 | €104,156 | €96,314 | -€7,843 | -7.5% |
| Amounts payable within one year | 42/48 | €66,854 | €53,525 | -€13,329 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €7,636 | €7,843 | +€207 | +2.7% |
| Trade debts | 44 | €21,476 | €10,638 | -€10,838 | -50.5% |
| Suppliers | 440/4 | €21,476 | €10,638 | -€10,838 | -50.5% |
| Taxes, remuneration and social security | 45 | €6,991 | €2,910 | -€4,081 | -58.4% |
| Taxes | 450/3 | €6,991 | €2,910 | -€4,081 | -58.4% |
| Other amounts payable | 47/48 | €30,751 | €32,135 | +€1,383 | +4.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €7,113 | +€363 | +5.4% |
| Other operating charges | 640/8 | €387 | €1,753 | +€1,365 | +352.4% |
| Gross operating margin | 9900 | €3,175 | €33,164 | +€29,989 | +944.6% |
| Operating profit (loss) | 9901 | -€3,963 | €24,298 | +€28,261 | |
| Financial charges | 65/66B | €3,331 | €3,355 | +€24 | +0.7% |
| Recurring financial charges | 65 | €3,331 | €3,355 | +€24 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,294 | €20,943 | +€28,237 | |
| Profit (loss) for the period | 9904 | -€7,294 | €20,943 | +€28,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,294 | €20,943 | +€28,237 |
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 8 October 2026 via checked.be.