IMMOTDHO: 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.
What changed
IMMOTDHO
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,058
2024 · €30,450+€56,608
Equity
€395,103
2024 · €308,045+€87,058
Cash
€2,203
2024 · €2,742-€539
Balance sheet total
€923,559
2024 · €1.1m-€216,246
Largest movements
Assets
- Current investments -€249,000
no longer reported in 2025 (was €249,000)
- Deferred charges and accrued income +€26,239
up €26,239 (+6,870%), from €382 to €26,621
Equity and liabilities
- Debts after one year -€339,208
down €339,208 (-49.2%), from €689,417 to €350,209
of which Financial debts: -€339,968
- Profit (loss) carried forward +€89,657
up €89,657 (+730%), from €12,276 to €101,932
- Other debts +€47,599
up €47,599 (+80.9%), from €58,814 to €106,414
- Current portion of long-term debt -€15,634
down €15,634 (-34.0%), from €45,940 to €30,306
- Trade debts +€11,628
up €11,628 (+1,694%), from €687 to €12,315
Income statement
- Financial income +€81,000
new in 2025: €81,000
- Gross operating margin -€20,019
down €20,019 (-23.4%), from €85,401 to €65,382
- Financial charges +€2,658
up €2,658 (+14.9%), from €17,891 to €20,549
- Other operating charges +€2,626
up €2,626 (+116%), from €2,267 to €4,893
- Taxes -€2,453
down €2,453 (-45.2%), from €5,425 to €2,972
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.
Result 2024
€30,450
Gross operating margin
-€20,019
Depreciation
-€1,542
Other operating charges
-€2,626
Financial income
+€81,000
Financial charges
-€2,658
Taxes
+€2,453
Result 2025
€87,058
raises the resultlowers the result
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.
From operations
+€142,212
Investment
+€212,090
Financing
-€354,842
Cash 2024
€2,742
From operations (derived)
+€142,212
Net result for the year
+€87,058
Depreciation
+€32,003
Receivables within one year
-€2,147
Deferred charges and accrued income
-€26,239
Provisions
-€1,092
Trade debts
+€11,628
Tax, wage and social debts
-€775
Other debts
+€47,599
Accrued charges and deferred income
-€5,823
Investment (derived)
+€212,090
Investment in fixed assets (net)
-€36,910
Current investments
+€249,000
Financing
-€354,842
Debts after one year
-€339,208
Current portion of long-term debt
-€15,634
Cash 2025
€2,203
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,806 | €923,559 | -€216,246 | -19.0% |
| Fixed assets | 21/28 | €880,607 | €885,514 | +€4,908 | +0.6% |
| Tangible fixed assets | 22/27 | €880,607 | €884,014 | +€3,408 | +0.4% |
| Land and buildings | 22 | €768,613 | €753,500 | -€15,112 | -2.0% |
| Plant, machinery and equipment | 23 | €49,991 | €42,885 | -€7,106 | -14.2% |
| Furniture and vehicles | 24 | - | €2,025 | +€2,025 | |
| Leasing and similar rights | 25 | €48,088 | €46,162 | -€1,927 | -4.0% |
| Other tangible fixed assets | 26 | €13,914 | €39,442 | +€25,528 | +183% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €259,199 | €38,045 | -€221,154 | -85.3% |
| Amounts receivable within one year | 40/41 | €7,075 | €9,222 | +€2,147 | +30.3% |
| Trade receivables | 40 | - | €618 | +€618 | |
| Other amounts receivable | 41 | €7,075 | €8,603 | +€1,528 | +21.6% |
| Current investments | 50/53 | €249,000 | - | -€249,000 | |
| Cash at bank and in hand | 54/58 | €2,742 | €2,203 | -€539 | -19.7% |
| Deferred charges and accrued income | 490/1 | €382 | €26,621 | +€26,239 | +6,870% |
| Total equity and liabilities | 10/49 | €1,139,806 | €923,559 | -€216,246 | -19.0% |
| Equity | 10/15 | €308,045 | €395,103 | +€87,058 | +28.3% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €80,769 | €78,170 | -€2,599 | -3.2% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,769 | €69,170 | -€2,599 | -3.6% |
| Profit (loss) carried forward | 14 | €12,276 | €101,932 | +€89,657 | +730% |
| Provisions and deferred taxes | 16 | €30,147 | €29,055 | -€1,092 | -3.6% |
| Deferred taxes | 168 | €30,147 | €29,055 | -€1,092 | -3.6% |
| Amounts payable | 17/49 | €801,614 | €499,402 | -€302,212 | -37.7% |
| Amounts payable after more than one year | 17 | €689,417 | €350,209 | -€339,208 | -49.2% |
| Financial debts | 170/4 | €680,827 | €340,859 | -€339,968 | -49.9% |
| Other amounts payable | 178/9 | €8,590 | €9,350 | +€760 | +8.8% |
| Amounts payable within one year | 42/48 | €106,216 | €149,034 | +€42,819 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €45,940 | €30,306 | -€15,634 | -34.0% |
| Trade debts | 44 | €687 | €12,315 | +€11,628 | +1,694% |
| Suppliers | 440/4 | €687 | €12,315 | +€11,628 | +1,694% |
| Taxes, remuneration and social security | 45 | €775 | - | -€775 | |
| Taxes | 450/3 | €775 | - | -€775 | |
| Other amounts payable | 47/48 | €58,814 | €106,414 | +€47,599 | +80.9% |
| Accrued charges and deferred income | 492/3 | €5,981 | €158 | -€5,823 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,460 | €32,003 | +€1,542 | +5.1% |
| Other operating charges | 640/8 | €2,267 | €4,893 | +€2,626 | +116% |
| Gross operating margin | 9900 | €85,401 | €65,382 | -€20,019 | -23.4% |
| Operating profit (loss) | 9901 | €52,674 | €28,487 | -€24,188 | -45.9% |
| Financial income | 75/76B | - | €81,000 | +€81,000 | |
| Recurring financial income | 75 | - | €81,000 | +€81,000 | |
| Financial charges | 65/66B | €17,891 | €20,549 | +€2,658 | +14.9% |
| Recurring financial charges | 65 | €17,891 | €20,549 | +€2,658 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €34,783 | €88,938 | +€54,154 | +156% |
| Transfer from deferred taxes | 780 | €1,092 | €1,092 | = | 0.0% |
| Income taxes | 67/77 | €5,425 | €2,972 | -€2,453 | -45.2% |
| Profit (loss) for the period | 9904 | €30,450 | €87,058 | +€56,608 | +186% |
| Transfer from tax-exempt reserves | 789 | €2,599 | €2,599 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,048 | €89,657 | +€56,608 | +171% |
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 23 October 2026 via checked.be.