IMMOCIHAN: 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.
IMMOCIHAN
Largest movements
- Receivables after one year +€72,892
up €72,892 (+5.0%), from €1.5m to €1.5m
- Tangible fixed assets -€33,354
down €33,354 (-15.9%), from €209,933 to €176,579
of which Land and buildings: -€31,229
- Profit (loss) carried forward +€298,310
up €298,310 (+78.8%), from €378,740 to €677,050
- Reserves -€290,426
down €290,426 (-47.0%), from €618,567 to €328,141
of which Tax-exempt reserves: -€290,426
- Current portion of long-term debt +€267,552
up €267,552 (+1,819%), from €14,710 to €282,262
- Tax, wage and social debts -€195,887
down €195,887 (-73.2%), from €267,536 to €71,649
- Provisions -€96,809
down €96,809 (-37.5%), from €258,103 to €161,295
- Turnover +€106,880
new in 2023: €106,880
- Taxes +€71,649
new in 2023: €71,649
- Purchases and services +€12,654
new in 2023: €12,654
- Depreciation -€9,438
down €9,438 (-22.1%), from €42,792 to €33,354
- Gross operating margin -€5,895
down €5,895 (-5.9%), from €100,121 to €94,226
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,555,971 | €2,594,073 | +€38,102 | +1.5% |
| Fixed assets | 21/28 | €1,090,684 | €1,057,330 | -€33,354 | -3.1% |
| Tangible fixed assets | 22/27 | €209,933 | €176,579 | -€33,354 | -15.9% |
| Land and buildings | 22 | €195,976 | €164,747 | -€31,229 | -15.9% |
| Plant, machinery and equipment | 23 | €13,957 | €11,832 | -€2,126 | -15.2% |
| Financial fixed assets | 28 | €880,751 | €880,751 | = | 0.0% |
| Current assets | 29/58 | €1,465,287 | €1,536,744 | +€71,457 | +4.9% |
| Amounts receivable after more than one year | 29 | €1,451,974 | €1,524,866 | +€72,892 | +5.0% |
| Other amounts receivable | 291 | €1,451,974 | €1,524,866 | +€72,892 | +5.0% |
| Amounts receivable within one year | 40/41 | €12,686 | €11,305 | -€1,381 | -10.9% |
| Trade receivables | 40 | €11,686 | €9,105 | -€2,581 | -22.1% |
| Other amounts receivable | 41 | €1,000 | €2,200 | +€1,200 | +120% |
| Cash at bank and in hand | 54/58 | €627 | €572 | -€55 | -8.7% |
| Total equity and liabilities | 10/49 | €2,555,971 | €2,594,073 | +€38,102 | +1.5% |
| Equity | 10/15 | €1,146,307 | €1,154,191 | +€7,884 | +0.7% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €618,567 | €328,141 | -€290,426 | -47.0% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €603,667 | €313,241 | -€290,426 | -48.1% |
| Profit (loss) carried forward | 14 | €378,740 | €677,050 | +€298,310 | +78.8% |
| Provisions and deferred taxes | 16 | €258,103 | €161,295 | -€96,809 | -37.5% |
| Deferred taxes | 168 | €258,103 | €161,295 | -€96,809 | -37.5% |
| Amounts payable | 17/49 | €1,151,561 | €1,278,588 | +€127,027 | +11.0% |
| Amounts payable after more than one year | 17 | €836,297 | €821,572 | -€14,725 | -1.8% |
| Financial debts | 170/4 | €833,897 | €736,611 | -€97,286 | -11.7% |
| Other amounts payable | 178/9 | €2,400 | €84,961 | +€82,561 | +3,440% |
| Amounts payable within one year | 42/48 | €296,246 | €437,248 | +€141,002 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €14,710 | €282,262 | +€267,552 | +1,819% |
| Trade debts | 44 | €11,733 | €30,109 | +€18,376 | +157% |
| Suppliers | 440/4 | €11,733 | €30,109 | +€18,376 | +157% |
| Taxes, remuneration and social security | 45 | €267,536 | €71,649 | -€195,887 | -73.2% |
| Taxes | 450/3 | €267,536 | €71,649 | -€195,887 | -73.2% |
| Other amounts payable | 47/48 | €2,267 | €53,229 | +€50,962 | +2,248% |
| Accrued charges and deferred income | 492/3 | €19,018 | €19,768 | +€751 | +3.9% |
| Turnover | 70 | - | €106,880 | +€106,880 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,654 | +€12,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,792 | €33,354 | -€9,438 | -22.1% |
| Other operating charges | 640/8 | €13,808 | €12,659 | -€1,149 | -8.3% |
| Gross operating margin | 9900 | €100,121 | €94,226 | -€5,895 | -5.9% |
| Operating profit (loss) | 9901 | €43,521 | €48,213 | +€4,692 | +10.8% |
| Financial charges | 65/66B | €61,391 | €65,489 | +€4,098 | +6.7% |
| Recurring financial charges | 65 | €61,391 | €65,489 | +€4,098 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,870 | -€17,276 | +€594 | +3.3% |
| Transfer from deferred taxes | 780 | - | €96,809 | +€96,809 | |
| Income taxes | 67/77 | - | €71,649 | +€71,649 | |
| Profit (loss) for the period | 9904 | -€17,870 | €7,884 | +€25,754 | |
| Transfer from tax-exempt reserves | 789 | - | €290,426 | +€290,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,870 | €298,310 | +€316,180 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.