WH - 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.
WH - IMMO
Largest movements
- Tangible fixed assets -€10,549
down €10,549 (-2.6%), from €407,015 to €396,466
- Other debts -€18,000
down €18,000 (-9.8%), from €182,865 to €164,865
- Reserves +€5,968
up €5,968 (+2.6%), from €227,161 to €233,129
of which Distributable reserves: +€5,968
- Depreciation -€6,092
down €6,092 (-30.1%), from €20,271 to €14,179
- Taxes +€1,955
up €1,955 (+189.5%), from €1,032 to €2,987
- Other operating charges -€1,039
down €1,039 (-16.4%), from €6,320 to €5,281
- Gross operating margin -€778
down €778 (-2.6%), from €29,851 to €29,074
- Financial charges +€445
up €445 (+207.4%), from €215 to €659
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 | €480,296 | €467,990 | -€12,306 | -2.6% |
| Fixed assets | 21/28 | €407,015 | €396,466 | -€10,549 | -2.6% |
| Tangible fixed assets | 22/27 | €407,015 | €396,466 | -€10,549 | -2.6% |
| Land and buildings | 22 | €407,015 | €396,466 | -€10,549 | -2.6% |
| Current assets | 29/58 | €73,281 | €71,525 | -€1,757 | -2.4% |
| Stocks and contracts in progress | 3 | €60,617 | €60,617 | = | 0.0% |
| Stocks | 30/36 | €60,617 | €60,617 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,665 | €10,908 | -€1,757 | -13.9% |
| Total equity and liabilities | 10/49 | €480,296 | €467,990 | -€12,306 | -2.6% |
| Equity | 10/15 | €289,135 | €295,103 | +€5,968 | +2.1% |
| 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 | €227,161 | €233,129 | +€5,968 | +2.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €220,964 | €226,932 | +€5,968 | +2.7% |
| Amounts payable | 17/49 | €191,161 | €172,888 | -€18,274 | -9.6% |
| Amounts payable after more than one year | 17 | - | €795 | +€795 | |
| Other amounts payable | 178/9 | - | €795 | +€795 | |
| Amounts payable within one year | 42/48 | €191,133 | €172,064 | -€19,069 | -10.0% |
| Trade debts | 44 | €3,268 | €3,181 | -€87 | -2.7% |
| Suppliers | 440/4 | €3,268 | €3,181 | -€87 | -2.7% |
| Taxes, remuneration and social security | 45 | €4,999 | €4,018 | -€981 | -19.6% |
| Taxes | 450/3 | €4,999 | €4,018 | -€981 | -19.6% |
| Other amounts payable | 47/48 | €182,865 | €164,865 | -€18,000 | -9.8% |
| Accrued charges and deferred income | 492/3 | €29 | €29 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,271 | €14,179 | -€6,092 | -30.1% |
| Other operating charges | 640/8 | €6,320 | €5,281 | -€1,039 | -16.4% |
| Gross operating margin | 9900 | €29,851 | €29,074 | -€778 | -2.6% |
| Operating profit (loss) | 9901 | €3,261 | €9,614 | +€6,353 | +194.9% |
| Financial charges | 65/66B | €215 | €659 | +€445 | +207.4% |
| Recurring financial charges | 65 | €215 | €659 | +€445 | +207.4% |
| Profit (loss) for the period before taxes | 9903 | €3,046 | €8,954 | +€5,908 | +194.0% |
| Income taxes | 67/77 | €1,032 | €2,987 | +€1,955 | +189.5% |
| Profit (loss) for the period | 9904 | €2,015 | €5,968 | +€3,953 | +196.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,015 | €5,968 | +€3,953 | +196.2% |
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 4 October 2026 via checked.be.