UDH Immo: 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.
UDH Immo
Largest movements
- Tangible fixed assets -€20,725
down €20,725 (-7.9%), from €261,860 to €241,135
of which Land and buildings: -€17,069
- Cash +€20,008
up €20,008 (+357.3%), from €5,600 to €25,608
mainly Debts after one year (+€20,766) and Depreciation (+€20,725)
- Deferred charges and accrued income +€3,117
up €3,117 (+66.7%), from €4,675 to €7,792
- Debts after one year +€20,766
up €20,766 (+12.4%), from €167,311 to €188,077
- Profit (loss) carried forward -€10,162
down €10,162 (-20.3%), from -€50,119 to -€60,282
- Current portion of long-term debt -€4,447
down €4,447 (-24.3%), from €18,271 to €13,825
- Gross operating margin -€10,674
down €10,674 (-29.2%), from €36,594 to €25,920
- Financial charges +€3,407
up €3,407 (+62.0%), from €5,494 to €8,901
- Other operating charges +€1,594
up €1,594 (+27.0%), from €5,907 to €7,501
- Depreciation -€571
down €571 (-2.7%), from €21,296 to €20,725
- Taxes -€419
down €419 (-41.4%), from €1,012 to €593
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 | €273,123 | €278,208 | +€5,085 | +1.9% |
| Fixed assets | 21/28 | €261,860 | €242,413 | -€19,447 | -7.4% |
| Tangible fixed assets | 22/27 | €261,860 | €241,135 | -€20,725 | -7.9% |
| Land and buildings | 22 | €246,969 | €229,900 | -€17,069 | -6.9% |
| Plant, machinery and equipment | 23 | €663 | €570 | -€93 | -14.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €14,228 | €10,665 | -€3,563 | -25.0% |
| Financial fixed assets | 28 | €0 | €1,278 | +€1,278 | |
| Current assets | 29/58 | €11,263 | €35,795 | +€24,532 | +217.8% |
| Amounts receivable within one year | 40/41 | €988 | €2,395 | +€1,407 | +142.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €988 | €2,395 | +€1,407 | +142.4% |
| Cash at bank and in hand | 54/58 | €5,600 | €25,608 | +€20,008 | +357.3% |
| Deferred charges and accrued income | 490/1 | €4,675 | €7,792 | +€3,117 | +66.7% |
| Total equity and liabilities | 10/49 | €273,123 | €278,208 | +€5,085 | +1.9% |
| Equity | 10/15 | €77,276 | €65,873 | -€11,403 | -14.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €23,750 | €21,375 | -€2,375 | -10.0% |
| Reserves | 13 | €53,645 | €54,780 | +€1,135 | +2.1% |
| Non-distributable reserves | 130/1 | €23,750 | €26,125 | +€2,375 | +10.0% |
| Reserves not available under the articles | 1311 | €23,750 | €26,125 | +€2,375 | +10.0% |
| Tax-exempt reserves | 132 | €29,895 | €28,655 | -€1,240 | -4.1% |
| Profit (loss) carried forward | 14 | -€50,119 | -€60,282 | -€10,162 | -20.3% |
| Provisions and deferred taxes | 16 | €9,570 | €9,173 | -€397 | -4.1% |
| Deferred taxes | 168 | €9,570 | €9,173 | -€397 | -4.1% |
| Amounts payable | 17/49 | €186,276 | €203,162 | +€16,885 | +9.1% |
| Amounts payable after more than one year | 17 | €167,311 | €188,077 | +€20,766 | +12.4% |
| Financial debts | 170/4 | €167,311 | €188,077 | +€20,766 | +12.4% |
| Amounts payable within one year | 42/48 | €18,734 | €15,084 | -€3,649 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €18,271 | €13,825 | -€4,447 | -24.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €462 | €1,260 | +€797 | +172.5% |
| Suppliers | 440/4 | €462 | €1,260 | +€797 | +172.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €231 | €0 | -€231 | -100.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,296 | €20,725 | -€571 | -2.7% |
| Other operating charges | 640/8 | €5,907 | €7,501 | +€1,594 | +27.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €36,594 | €25,920 | -€10,674 | -29.2% |
| Operating profit (loss) | 9901 | €9,391 | -€2,306 | -€11,697 | |
| Financial charges | 65/66B | €5,494 | €8,901 | +€3,407 | +62.0% |
| Recurring financial charges | 65 | €5,494 | €8,901 | +€3,407 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €3,898 | -€11,207 | -€15,105 | |
| Transfer from deferred taxes | 780 | €397 | €397 | = | 0.0% |
| Income taxes | 67/77 | €1,012 | €593 | -€419 | -41.4% |
| Profit (loss) for the period | 9904 | €3,283 | -€11,403 | -€14,685 | |
| Transfer from tax-exempt reserves | 789 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,523 | -€10,162 | -€14,685 |
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 7 October 2026 via checked.be.