FHIMMO: 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
FHIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€246,314
2024 · €71,421+€174,893
Equity
€1.1m
2024 · €861,452+€246,314
Cash
€38,166
2024 · €53,127-€14,961
Balance sheet total
€3.3m
2024 · €1.7m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+83.1%), from €1.3m to €2.4m
- Receivables within one year +€528,279
up €528,279 (+208.0%), from €254,005 to €782,285
of which Trade receivables: +€353,672
Equity and liabilities
- Debts after one year +€927,071
up €927,071 (+275.9%), from €335,977 to €1.3m
- Other debts +€374,078
up €374,078 (+137.3%), from €272,484 to €646,562
- Reserves +€246,314
up €246,314 (+30.8%), from €799,452 to €1.0m
of which Tax-exempt reserves: +€155,924
- Provisions +€51,975
new in 2025: €51,975
Income statement
- Gross operating margin +€241,970
up €241,970 (+130.0%), from €186,174 to €428,144
- Financial income -€8,083
down €8,083 (-55.7%), from €14,517 to €6,435
- Taxes +€6,323
up €6,323 (+26.8%), from €23,593 to €29,916
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
€71,421
Gross operating margin
+€241,970
Depreciation
-€3,240
Other operating charges
+€1,747
Financial income
-€8,083
Financial charges
+€796
Taxes
-€6,323
Deferred taxes and other
-€51,975
Result 2025
€246,314
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.
From operations
+€214,058
Investment
-€1.2m
Financing
+€927,185
Cash 2024
€53,127
From operations (derived)
+€214,058
Net result for the year
+€246,314
Depreciation
+€63,770
Receivables within one year
-€528,279
Deferred charges and accrued income
-€1,682
Provisions
+€51,975
Trade debts
+€7,883
Other debts
+€374,078
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€927,185
Debts after one year
+€927,071
Current portion of long-term debt
+€115
Cash 2025
€38,166
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,671,597 | €3,279,032 | +€1.6m | +96.2% |
| Fixed assets | 21/28 | €1,364,465 | €2,456,899 | +€1.1m | +80.1% |
| Tangible fixed assets | 22/27 | €1,314,465 | €2,406,899 | +€1.1m | +83.1% |
| Land and buildings | 22 | €1,314,465 | €2,406,899 | +€1.1m | +83.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €307,132 | €822,132 | +€515,001 | +167.7% |
| Amounts receivable within one year | 40/41 | €254,005 | €782,285 | +€528,279 | +208.0% |
| Trade receivables | 40 | - | €353,672 | +€353,672 | |
| Other amounts receivable | 41 | €254,005 | €428,613 | +€174,608 | +68.7% |
| Cash at bank and in hand | 54/58 | €53,127 | €38,166 | -€14,961 | -28.2% |
| Deferred charges and accrued income | 490/1 | - | €1,682 | +€1,682 | |
| Total equity and liabilities | 10/49 | €1,671,597 | €3,279,032 | +€1.6m | +96.2% |
| Equity | 10/15 | €861,452 | €1,107,766 | +€246,314 | +28.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €799,452 | €1,045,766 | +€246,314 | +30.8% |
| Non-distributable reserves | 130/1 | €32,212 | €32,212 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,012 | €26,012 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,203 | €165,127 | +€155,924 | +1694.4% |
| Distributable reserves | 133 | €758,037 | €848,427 | +€90,390 | +11.9% |
| Provisions and deferred taxes | 16 | - | €51,975 | +€51,975 | |
| Deferred taxes | 168 | - | €51,975 | +€51,975 | |
| Amounts payable | 17/49 | €810,145 | €2,119,291 | +€1.3m | +161.6% |
| Amounts payable after more than one year | 17 | €335,977 | €1,263,048 | +€927,071 | +275.9% |
| Financial debts | 170/4 | €335,977 | €1,263,048 | +€927,071 | +275.9% |
| Amounts payable within one year | 42/48 | €474,168 | €856,243 | +€382,075 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €194,458 | €194,572 | +€115 | +0.1% |
| Trade debts | 44 | €7,226 | €15,109 | +€7,883 | +109.1% |
| Suppliers | 440/4 | €7,226 | €15,109 | +€7,883 | +109.1% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €272,484 | €646,562 | +€374,078 | +137.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,529 | €63,770 | +€3,240 | +5.4% |
| Other operating charges | 640/8 | €24,178 | €22,431 | -€1,747 | -7.2% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €186,174 | €428,144 | +€241,970 | +130.0% |
| Operating profit (loss) | 9901 | €101,466 | €341,944 | +€240,477 | +237.0% |
| Financial income | 75/76B | €14,517 | €6,435 | -€8,083 | -55.7% |
| Recurring financial income | 75 | €14,517 | €6,435 | -€8,083 | -55.7% |
| Financial charges | 65/66B | €20,970 | €20,174 | -€796 | -3.8% |
| Recurring financial charges | 65 | €20,970 | €20,174 | -€796 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €95,014 | €328,204 | +€233,191 | +245.4% |
| Transfer from deferred taxes | 780 | - | €349 | +€349 | |
| Transfer to deferred taxes | 680 | - | €52,324 | +€52,324 | |
| Income taxes | 67/77 | €23,593 | €29,916 | +€6,323 | +26.8% |
| Profit (loss) for the period | 9904 | €71,421 | €246,314 | +€174,893 | +244.9% |
| Transfer from tax-exempt reserves | 789 | - | €1,046 | +€1,046 | |
| Transfer to tax-exempt reserves | 689 | - | €156,971 | +€156,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,421 | €90,390 | +€18,969 | +26.6% |
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 9 October 2026 via checked.be.