IMMOHAC: 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.
IMMOHAC
Largest movements
- Receivables within one year +€72,623
up €72,623 (+9.0%), from €805,730 to €878,354
of which Trade receivables: +€88,181
- Tangible fixed assets -€31,609
down €31,609 (-2.4%), from €1.3m to €1.3m
of which Land and buildings: -€28,864
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€9,327
up €9,327 (+43.4%), from €21,471 to €30,798
- Gross operating margin +€5,283
up €5,283 (+11.3%), from €46,675 to €51,958
- Other operating charges -€5,094
down €5,094 (-20.9%), from €24,403 to €19,310
- Financial charges -€1,964
down €1,964 (-73.9%), from €2,657 to €692
- Taxes +€1,609
up €1,609 (+211%), from €761 to €2,371
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 | €2,157,749 | €2,195,018 | +€37,270 | +1.7% |
| Fixed assets | 21/28 | €1,311,338 | €1,279,729 | -€31,609 | -2.4% |
| Tangible fixed assets | 22/27 | €1,311,338 | €1,279,729 | -€31,609 | -2.4% |
| Land and buildings | 22 | €578,717 | €549,853 | -€28,864 | -5.0% |
| Other tangible fixed assets | 26 | €732,621 | €729,876 | -€2,745 | -0.4% |
| Current assets | 29/58 | €846,411 | €915,290 | +€68,879 | +8.1% |
| Amounts receivable after more than one year | 29 | €1,802 | €1,802 | = | 0.0% |
| Other amounts receivable | 291 | €1,802 | €1,802 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €805,730 | €878,354 | +€72,623 | +9.0% |
| Trade receivables | 40 | €371,498 | €459,679 | +€88,181 | +23.7% |
| Other amounts receivable | 41 | €434,232 | €418,674 | -€15,558 | -3.6% |
| Cash at bank and in hand | 54/58 | €16,485 | €24,558 | +€8,073 | +49.0% |
| Deferred charges and accrued income | 490/1 | €22,393 | €10,576 | -€11,817 | -52.8% |
| Total equity and liabilities | 10/49 | €2,157,749 | €2,195,018 | +€37,270 | +1.7% |
| Equity | 10/15 | €2,140,485 | €2,143,464 | +€2,979 | +0.1% |
| Contributions | 10/11 | €1,983,148 | €1,983,148 | = | 0.0% |
| Capital | 10 | €1,983,148 | €1,983,148 | = | 0.0% |
| Issued capital | 100 | €1,983,148 | €1,983,148 | = | 0.0% |
| Reserves | 13 | €161,550 | €161,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €161,550 | €161,550 | = | 0.0% |
| Legal reserve | 130 | €161,550 | €161,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,213 | -€1,235 | +€2,979 | +70.7% |
| Amounts payable | 17/49 | €17,264 | €51,555 | +€34,291 | +199% |
| Amounts payable within one year | 42/48 | €16,274 | €40,354 | +€24,079 | +148% |
| Trade debts | 44 | €10,586 | €22,752 | +€12,166 | +115% |
| Suppliers | 440/4 | €10,586 | €22,752 | +€12,166 | +115% |
| Taxes, remuneration and social security | 45 | €5,688 | €9,417 | +€3,729 | +65.5% |
| Taxes | 450/3 | €5,688 | €9,417 | +€3,729 | +65.5% |
| Other amounts payable | 47/48 | - | €8,185 | +€8,185 | |
| Accrued charges and deferred income | 492/3 | €989 | €11,201 | +€10,212 | +1,032% |
| Non-recurring operating income | 76A | - | €5,089 | +€5,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,471 | €30,798 | +€9,327 | +43.4% |
| Other operating charges | 640/8 | €24,403 | €19,310 | -€5,094 | -20.9% |
| Gross operating margin | 9900 | €46,675 | €51,958 | +€5,283 | +11.3% |
| Operating profit (loss) | 9901 | €801 | €1,851 | +€1,050 | +131% |
| Financial income | 75/76B | €5,257 | €4,191 | -€1,066 | -20.3% |
| Recurring financial income | 75 | €5,257 | €4,191 | -€1,066 | -20.3% |
| Financial charges | 65/66B | €2,657 | €692 | -€1,964 | -73.9% |
| Recurring financial charges | 65 | €2,657 | €692 | -€1,964 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €3,401 | €5,349 | +€1,949 | +57.3% |
| Income taxes | 67/77 | €761 | €2,371 | +€1,609 | +211% |
| Profit (loss) for the period | 9904 | €2,639 | €2,979 | +€339 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,639 | €2,979 | +€339 | +12.8% |
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 13 October 2026 via checked.be.