IMMOVANHOC: 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.
IMMOVANHOC
Largest movements
- Tangible fixed assets -€17,891
down €17,891 (-21.0%), from €85,028 to €67,137
of which Other tangible fixed assets: -€15,846
- Deferred charges and accrued income -€6,984
down €6,984 (-95.7%), from €7,295 to €311
- Cash -€6,678
down €6,678 (-24.9%), from €26,860 to €20,182
mainly Other debts (-€24,048) and Net result for the year (-€5,668)
- Receivables within one year -€3,491
down €3,491 (-88.9%), from €3,926 to €436
of which Trade receivables: -€3,571
- Other debts -€24,048
down €24,048 (-13.3%), from €180,774 to €156,726
- Profit (loss) carried forward -€5,668
down €5,668 (-1.7%), from -€325,133 to -€330,802
- Trade debts -€3,049
down €3,049 (-96.3%), from €3,167 to €119
- Tax, wage and social debts -€2,278
down €2,278 (-99.0%), from €2,302 to €23
- Gross operating margin -€15,170
down €15,170 (-53.2%), from €28,543 to €13,372
- Other operating charges -€9,008
down €9,008 (-86.5%), from €10,413 to €1,405
- Depreciation -€5,295
down €5,295 (-22.8%), from €23,186 to €17,891
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 | €123,109 | €88,066 | -€35,043 | -28.5% |
| Fixed assets | 21/28 | €85,028 | €67,137 | -€17,891 | -21.0% |
| Tangible fixed assets | 22/27 | €85,028 | €67,137 | -€17,891 | -21.0% |
| Land and buildings | 22 | €6,906 | €6,906 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,823 | €4,280 | -€1,543 | -26.5% |
| Furniture and vehicles | 24 | €522 | €21 | -€502 | -96.0% |
| Other tangible fixed assets | 26 | €71,776 | €55,930 | -€15,846 | -22.1% |
| Current assets | 29/58 | €38,082 | €20,929 | -€17,152 | -45.0% |
| Amounts receivable within one year | 40/41 | €3,926 | €436 | -€3,491 | -88.9% |
| Trade receivables | 40 | €3,773 | €202 | -€3,571 | -94.6% |
| Other amounts receivable | 41 | €153 | €233 | +€80 | +52.4% |
| Cash at bank and in hand | 54/58 | €26,860 | €20,182 | -€6,678 | -24.9% |
| Deferred charges and accrued income | 490/1 | €7,295 | €311 | -€6,984 | -95.7% |
| Total equity and liabilities | 10/49 | €123,109 | €88,066 | -€35,043 | -28.5% |
| Equity | 10/15 | -€63,133 | -€68,802 | -€5,668 | -9.0% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€325,133 | -€330,802 | -€5,668 | -1.7% |
| Amounts payable | 17/49 | €186,243 | €156,868 | -€29,375 | -15.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €186,243 | €156,868 | -€29,375 | -15.8% |
| Trade debts | 44 | €3,167 | €119 | -€3,049 | -96.3% |
| Suppliers | 440/4 | €3,167 | €119 | -€3,049 | -96.3% |
| Taxes, remuneration and social security | 45 | €2,302 | €23 | -€2,278 | -99.0% |
| Taxes | 450/3 | €2,302 | €23 | -€2,278 | -99.0% |
| Other amounts payable | 47/48 | €180,774 | €156,726 | -€24,048 | -13.3% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,186 | €17,891 | -€5,295 | -22.8% |
| Other operating charges | 640/8 | €10,413 | €1,405 | -€9,008 | -86.5% |
| Gross operating margin | 9900 | €28,543 | €13,372 | -€15,170 | -53.2% |
| Operating profit (loss) | 9901 | -€5,056 | -€5,924 | -€867 | -17.2% |
| Financial income | 75/76B | €421 | €358 | -€63 | -14.9% |
| Recurring financial income | 75 | €421 | €358 | -€63 | -14.9% |
| Financial charges | 65/66B | €110 | €103 | -€7 | -6.2% |
| Recurring financial charges | 65 | €110 | €103 | -€7 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,745 | -€5,668 | -€923 | -19.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,745 | -€5,668 | -€923 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,745 | -€5,668 | -€923 | -19.5% |
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 1 October 2026 via checked.be.