IMMOHT: 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.
IMMOHT
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+49.4%), from €3.3m to €5.0m
of which Land and buildings: +€1.7m
- Financial fixed assets +€630,000
up €630,000 (+840.0%), from €75,000 to €705,000
- Receivables after one year -€147,877
down €147,877 (-27.8%), from €531,877 to €384,000
- Receivables within one year -€134,778
down €134,778 (-73.0%), from €184,506 to €49,728
of which Trade receivables: -€91,942
- Cash +€80,129
up €80,129 (+512.9%), from €15,624 to €95,753
mainly Contributions, distributions and other (+€1.7m) and Debts after one year (+€318,726)
- Revaluation surpluses +€1.7m
up €1.7m (+73.9%), from €2.3m to €4.0m
- Debts after one year +€318,726
up €318,726 (+32.5%), from €979,591 to €1.3m
of which Other amounts payable: +€393,705
- Financial income -€115,654
down €115,654 (-91.1%), from €126,974 to €11,320
of which Non-recurring financial income: -€125,000
- Other operating charges +€20,115
up €20,115 (+85.0%), from €23,664 to €43,779
- Financial charges +€10,621
up €10,621 (+42.7%), from €24,858 to €35,479
- Write-downs +€6,947
new in 2025: €6,947
- Taxes -€3,596
down €3,596 (-18.8%), from €19,093 to €15,497
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 | €4,159,837 | €6,241,954 | +€2.1m | +50.1% |
| Fixed assets | 21/28 | €3,423,592 | €5,707,376 | +€2.3m | +66.7% |
| Tangible fixed assets | 22/27 | €3,348,592 | €5,002,376 | +€1.7m | +49.4% |
| Land and buildings | 22 | €2,826,600 | €4,504,003 | +€1.7m | +59.3% |
| Plant, machinery and equipment | 23 | €514,638 | €498,374 | -€16,265 | -3.2% |
| Furniture and vehicles | 24 | €7,354 | - | -€7,354 | |
| Financial fixed assets | 28 | €75,000 | €705,000 | +€630,000 | +840.0% |
| Current assets | 29/58 | €736,245 | €534,578 | -€201,667 | -27.4% |
| Amounts receivable after more than one year | 29 | €531,877 | €384,000 | -€147,877 | -27.8% |
| Other amounts receivable | 291 | €531,877 | €384,000 | -€147,877 | -27.8% |
| Amounts receivable within one year | 40/41 | €184,506 | €49,728 | -€134,778 | -73.0% |
| Trade receivables | 40 | €140,482 | €48,540 | -€91,942 | -65.4% |
| Other amounts receivable | 41 | €44,024 | €1,188 | -€42,836 | -97.3% |
| Cash at bank and in hand | 54/58 | €15,624 | €95,753 | +€80,129 | +512.9% |
| Deferred charges and accrued income | 490/1 | €4,238 | €5,097 | +€859 | +20.3% |
| Total equity and liabilities | 10/49 | €4,159,837 | €6,241,954 | +€2.1m | +50.1% |
| Equity | 10/15 | €2,791,268 | €4,523,722 | +€1.7m | +62.1% |
| Contributions | 10/11 | €109,291 | €109,291 | = | 0.0% |
| Revaluation surpluses | 12 | €2,300,000 | €4,000,000 | +€1.7m | +73.9% |
| Profit (loss) carried forward | 14 | €371,032 | €414,431 | +€43,400 | +11.7% |
| Investment grants | 15 | €10,946 | - | -€10,946 | |
| Provisions and deferred taxes | 16 | €5,636 | - | -€5,636 | |
| Deferred taxes | 168 | €5,636 | - | -€5,636 | |
| Amounts payable | 17/49 | €1,362,933 | €1,718,232 | +€355,299 | +26.1% |
| Amounts payable after more than one year | 17 | €979,591 | €1,298,317 | +€318,726 | +32.5% |
| Financial debts | 170/4 | €961,456 | €886,477 | -€74,979 | -7.8% |
| Other amounts payable | 178/9 | €18,135 | €411,840 | +€393,705 | +2171.0% |
| Amounts payable within one year | 42/48 | €338,342 | €314,150 | -€24,193 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €135,750 | €129,355 | -€6,395 | -4.7% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €128,048 | €95,290 | -€32,758 | -25.6% |
| Suppliers | 440/4 | €128,048 | €95,290 | -€32,758 | -25.6% |
| Taxes, remuneration and social security | 45 | €48,845 | €27,805 | -€21,040 | -43.1% |
| Taxes | 450/3 | €48,845 | €27,805 | -€21,040 | -43.1% |
| Other amounts payable | 47/48 | €25,700 | €46,700 | +€21,000 | +81.7% |
| Accrued charges and deferred income | 492/3 | €45,000 | €105,766 | +€60,766 | +135.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,519 | €94,766 | -€2,753 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,947 | +€6,947 | |
| Other operating charges | 640/8 | €23,664 | €43,779 | +€20,115 | +85.0% |
| Gross operating margin | 9900 | €219,841 | €222,912 | +€3,071 | +1.4% |
| Operating profit (loss) | 9901 | €98,657 | €77,420 | -€21,237 | -21.5% |
| Financial income | 75/76B | €126,974 | €11,320 | -€115,654 | -91.1% |
| Recurring financial income | 75 | €1,974 | €11,320 | +€9,346 | +473.5% |
| Non-recurring financial income | 76B | €125,000 | - | -€125,000 | |
| Financial charges | 65/66B | €24,858 | €35,479 | +€10,621 | +42.7% |
| Recurring financial charges | 65 | €24,858 | €35,479 | +€10,621 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €200,773 | €53,261 | -€147,512 | -73.5% |
| Transfer from deferred taxes | 780 | - | €5,636 | +€5,636 | |
| Income taxes | 67/77 | €19,093 | €15,497 | -€3,596 | -18.8% |
| Profit (loss) for the period | 9904 | €181,680 | €43,400 | -€138,280 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €181,680 | €43,400 | -€138,280 | -76.1% |
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.