IMMOHAIN: 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.
IMMOHAIN
Largest movements
- Tangible fixed assets +€688,548
up €688,548 (+99.5%), from €691,781 to €1.4m
of which Land and buildings: +€689,550
- Revaluation surpluses +€743,000
new in 2025: €743,000
- Debts after one year -€27,425
down €27,425 (-14.5%), from €189,248 to €161,823
- Profit (loss) carried forward +€25,299
up €25,299 (+6.6%), from €383,755 to €409,053
- Other debts -€22,517
down €22,517 (-7.6%), from €296,851 to €274,334
- Reserves -€19,026
down €19,026 (-13.1%), from €145,381 to €126,355
of which Tax-exempt reserves: -€19,026
- Gross operating margin +€42,229
up €42,229 (+126.0%), from €33,513 to €75,741
- Financial charges +€14,142
up €14,142 (+97.7%), from €14,477 to €28,619
- Taxes +€5,638
up €5,638 (+1159.2%), from €486 to €6,124
- Other operating charges -€3,286
down €3,286 (-66.3%), from €4,960 to €1,674
- Depreciation -€2,216
down €2,216 (-3.9%), from €56,667 to €54,452
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 | €1,169,728 | €1,868,154 | +€698,427 | +59.7% |
| Fixed assets | 21/28 | €1,163,305 | €1,862,128 | +€698,823 | +60.1% |
| Tangible fixed assets | 22/27 | €691,781 | €1,380,329 | +€688,548 | +99.5% |
| Land and buildings | 22 | €687,773 | €1,377,324 | +€689,550 | +100.3% |
| Plant, machinery and equipment | 23 | €3,915 | €2,944 | -€971 | -24.8% |
| Furniture and vehicles | 24 | €92 | €62 | -€31 | -33.3% |
| Financial fixed assets | 28 | €471,524 | €481,799 | +€10,275 | +2.2% |
| Current assets | 29/58 | €6,423 | €6,026 | -€397 | -6.2% |
| Amounts receivable within one year | 40/41 | €2,685 | €3,356 | +€671 | +25.0% |
| Trade receivables | 40 | €2,685 | €3,356 | +€671 | +25.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,945 | €673 | -€1,272 | -65.4% |
| Deferred charges and accrued income | 490/1 | €1,794 | €1,998 | +€204 | +11.4% |
| Total equity and liabilities | 10/49 | €1,169,728 | €1,868,154 | +€698,427 | +59.7% |
| Equity | 10/15 | €591,135 | €1,340,408 | +€749,273 | +126.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €743,000 | +€743,000 | |
| Reserves | 13 | €145,381 | €126,355 | -€19,026 | -13.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,184 | €120,157 | -€19,026 | -13.7% |
| Profit (loss) carried forward | 14 | €383,755 | €409,053 | +€25,299 | +6.6% |
| Provisions and deferred taxes | 16 | €57,946 | €48,822 | -€9,125 | -15.7% |
| Deferred taxes | 168 | €57,946 | €48,822 | -€9,125 | -15.7% |
| Amounts payable | 17/49 | €520,646 | €478,924 | -€41,721 | -8.0% |
| Amounts payable after more than one year | 17 | €189,248 | €161,823 | -€27,425 | -14.5% |
| Financial debts | 170/4 | €189,248 | €161,823 | -€27,425 | -14.5% |
| Amounts payable within one year | 42/48 | €324,043 | €308,230 | -€15,813 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €26,842 | €27,425 | +€583 | +2.2% |
| Trade debts | 44 | €90 | €403 | +€313 | +347.6% |
| Suppliers | 440/4 | €90 | €403 | +€313 | +347.6% |
| Taxes, remuneration and social security | 45 | €259 | €6,067 | +€5,808 | +2238.8% |
| Taxes | 450/3 | €259 | €6,067 | +€5,808 | +2238.8% |
| Other amounts payable | 47/48 | €296,851 | €274,334 | -€22,517 | -7.6% |
| Accrued charges and deferred income | 492/3 | €7,355 | €8,871 | +€1,517 | +20.6% |
| Turnover | 70 | €47,541 | €47,335 | -€206 | -0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,408 | €18,021 | +€1,613 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,667 | €54,452 | -€2,216 | -3.9% |
| Other operating charges | 640/8 | €4,960 | €1,674 | -€3,286 | -66.3% |
| Gross operating margin | 9900 | €33,513 | €75,741 | +€42,229 | +126.0% |
| Operating profit (loss) | 9901 | -€28,115 | €19,616 | +€47,731 | |
| Financial income | 75/76B | €8,200 | €10,275 | +€2,075 | +25.3% |
| Recurring financial income | 75 | €8,200 | €10,275 | +€2,075 | +25.3% |
| Financial charges | 65/66B | €14,477 | €28,619 | +€14,142 | +97.7% |
| Recurring financial charges | 65 | €14,477 | €28,619 | +€14,142 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,392 | €1,272 | +€35,663 | |
| Transfer from deferred taxes | 780 | €9,125 | €9,125 | = | 0.0% |
| Income taxes | 67/77 | €486 | €6,124 | +€5,638 | +1159.2% |
| Profit (loss) for the period | 9904 | -€25,753 | €4,273 | +€30,026 | |
| Transfer from tax-exempt reserves | 789 | €19,026 | €19,026 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,727 | €23,299 | +€30,026 |
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 3 October 2026 via checked.be.