ImmoHal: 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.
ImmoHal
Largest movements
- Cash -€31,181
down €31,181 (-25.6%), from €121,964 to €90,783
mainly Contributions, distributions and other (-€34,575) and Debts after one year (-€21,712)
- Tangible fixed assets -€20,335
down €20,335 (-5.1%), from €398,513 to €378,177
- Reserves -€34,575
down €34,575 (-73.8%), from €46,833 to €12,259
of which Distributable reserves: -€34,575
- Debts after one year -€21,712
down €21,712 (-14.8%), from €147,123 to €125,411
- Other operating charges +€3,598
up €3,598 (+88.5%), from €4,065 to €7,663
- Financial income -€1,608
down €1,608 (-57.0%), from €2,823 to €1,215
- Taxes +€1,023
up €1,023 (+133.7%), from €765 to €1,788
- Gross operating margin -€867
down €867 (-2.1%), from €40,818 to €39,951
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 | €520,770 | €469,717 | -€51,053 | -9.8% |
| Fixed assets | 21/28 | €398,513 | €378,177 | -€20,335 | -5.1% |
| Tangible fixed assets | 22/27 | €398,513 | €378,177 | -€20,335 | -5.1% |
| Land and buildings | 22 | €398,513 | €378,177 | -€20,335 | -5.1% |
| Current assets | 29/58 | €122,257 | €91,539 | -€30,718 | -25.1% |
| Amounts receivable within one year | 40/41 | €293 | €756 | +€463 | +158.1% |
| Other amounts receivable | 41 | €293 | €756 | +€463 | +158.1% |
| Cash at bank and in hand | 54/58 | €121,964 | €90,783 | -€31,181 | -25.6% |
| Total equity and liabilities | 10/49 | €520,770 | €469,717 | -€51,053 | -9.8% |
| Equity | 10/15 | €320,851 | €286,922 | -€33,929 | -10.6% |
| Contributions | 10/11 | €4,909 | €4,909 | = | 0.0% |
| Reserves | 13 | €46,833 | €12,259 | -€34,575 | -73.8% |
| Non-distributable reserves | 130/1 | €3,508 | €3,508 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,508 | €3,508 | = | 0.0% |
| Tax-exempt reserves | 132 | €671 | €671 | = | 0.0% |
| Distributable reserves | 133 | €42,655 | €8,080 | -€34,575 | -81.1% |
| Profit (loss) carried forward | 14 | €269,108 | €269,754 | +€646 | +0.2% |
| Amounts payable | 17/49 | €199,919 | €182,795 | -€17,124 | -8.6% |
| Amounts payable after more than one year | 17 | €147,123 | €125,411 | -€21,712 | -14.8% |
| Financial debts | 170/4 | €147,123 | €125,411 | -€21,712 | -14.8% |
| Amounts payable within one year | 42/48 | €52,796 | €57,384 | +€4,588 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €21,389 | €21,712 | +€323 | +1.5% |
| Taxes, remuneration and social security | 45 | - | €1,098 | +€1,098 | |
| Taxes | 450/3 | - | €1,098 | +€1,098 | |
| Other amounts payable | 47/48 | €31,407 | €34,575 | +€3,167 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,361 | €28,646 | +€285 | +1.0% |
| Other operating charges | 640/8 | €4,065 | €7,663 | +€3,598 | +88.5% |
| Gross operating margin | 9900 | €40,818 | €39,951 | -€867 | -2.1% |
| Operating profit (loss) | 9901 | €8,392 | €3,642 | -€4,750 | -56.6% |
| Financial income | 75/76B | €2,823 | €1,215 | -€1,608 | -57.0% |
| Recurring financial income | 75 | €2,823 | €1,215 | -€1,608 | -57.0% |
| Financial charges | 65/66B | €2,753 | €2,424 | -€329 | -12.0% |
| Recurring financial charges | 65 | €2,753 | €2,424 | -€329 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,462 | €2,433 | -€6,029 | -71.2% |
| Income taxes | 67/77 | €765 | €1,788 | +€1,023 | +133.7% |
| Profit (loss) for the period | 9904 | €7,697 | €646 | -€7,052 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,697 | €646 | -€7,052 | -91.6% |
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 2 October 2026 via checked.be.