IMMOHANO: 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.
IMMOHANO
Largest movements
- Tangible fixed assets +€491,276
up €491,276 (+22.1%), from €2.2m to €2.7m
of which Land and buildings: +€1.0m
- Cash +€344,094
up €344,094 (+345%), from €99,635 to €443,729
mainly Debts after one year (+€891,199) and Depreciation (+€102,293)
- Debts after one year +€891,199
up €891,199 (+81.1%), from €1.1m to €2.0m
- Trade debts -€180,718
down €180,718 (-43.3%), from €417,651 to €236,934
- Other debts +€79,895
up €79,895 (+12.4%), from €643,530 to €723,425
- Current portion of long-term debt +€50,207
up €50,207 (+85.7%), from €58,594 to €108,801
- Gross operating margin +€121,580
up €121,580 (+180%), from €67,709 to €189,289
- Depreciation +€88,052
up €88,052 (+618%), from €14,242 to €102,293
- Financial charges +€24,404
up €24,404 (+65.6%), from €37,203 to €61,607
- Other operating charges +€9,269
up €9,269 (+158%), from €5,877 to €15,147
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 | €2,330,446 | €3,181,271 | +€850,825 | +36.5% |
| Fixed assets | 21/28 | €2,227,955 | €2,719,231 | +€491,276 | +22.1% |
| Tangible fixed assets | 22/27 | €2,227,955 | €2,719,231 | +€491,276 | +22.1% |
| Land and buildings | 22 | €1,343,416 | €2,367,528 | +€1.0m | +76.2% |
| Furniture and vehicles | 24 | - | €351,703 | +€351,703 | |
| Assets under construction and advance payments | 27 | €884,539 | €0 | -€884,539 | -100% |
| Current assets | 29/58 | €102,491 | €462,040 | +€359,549 | +351% |
| Amounts receivable within one year | 40/41 | €2,856 | €16,418 | +€13,562 | +475% |
| Trade receivables | 40 | - | €16,418 | +€16,418 | |
| Other amounts receivable | 41 | €2,856 | €0 | -€2,856 | -100% |
| Cash at bank and in hand | 54/58 | €99,635 | €443,729 | +€344,094 | +345% |
| Deferred charges and accrued income | 490/1 | - | €1,894 | +€1,894 | |
| Total equity and liabilities | 10/49 | €2,330,446 | €3,181,271 | +€850,825 | +36.5% |
| Equity | 10/15 | €112,050 | €122,292 | +€10,242 | +9.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €50,077 | €60,319 | +€10,242 | +20.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €43,880 | €54,121 | +€10,242 | +23.3% |
| Amounts payable | 17/49 | €2,218,396 | €3,058,979 | +€840,583 | +37.9% |
| Amounts payable after more than one year | 17 | €1,098,620 | €1,989,819 | +€891,199 | +81.1% |
| Financial debts | 170/4 | €1,098,620 | €1,989,819 | +€891,199 | +81.1% |
| Amounts payable within one year | 42/48 | €1,119,775 | €1,069,160 | -€50,615 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €58,594 | €108,801 | +€50,207 | +85.7% |
| Trade debts | 44 | €417,651 | €236,934 | -€180,718 | -43.3% |
| Suppliers | 440/4 | €417,651 | €236,934 | -€180,718 | -43.3% |
| Other amounts payable | 47/48 | €643,530 | €723,425 | +€79,895 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,242 | €102,293 | +€88,052 | +618% |
| Other operating charges | 640/8 | €5,877 | €15,147 | +€9,269 | +158% |
| Gross operating margin | 9900 | €67,709 | €189,289 | +€121,580 | +180% |
| Operating profit (loss) | 9901 | €47,590 | €71,848 | +€24,259 | +51.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €37,203 | €61,607 | +€24,404 | +65.6% |
| Recurring financial charges | 65 | €37,203 | €61,607 | +€24,404 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €10,387 | €10,242 | -€145 | -1.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €10,387 | €10,242 | -€145 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,387 | €10,242 | -€145 | -1.4% |
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 16 October 2026 via checked.be.