H&V-IMMO: what changed
What changed
H&V-IMMO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€34,293
2024 · €273,071-€238,778
Equity
€490,100
2024 · €455,807+€34,293
Cash
€499
2024 · €2,114-€1,615
Balance sheet total
€3.6m
2024 · €3.6m-€80,852
Largest movements
Assets
- Receivables within one year -€79,149
down €79,149 (-74.8%), from €105,853 to €26,704
Equity and liabilities
- Debts after one year -€171,500
down €171,500 (-5.5%), from €3.1m to €3.0m
- Other debts +€55,500
up €55,500, from €0 to €55,500
Income statement
- Financial income -€240,052
down €240,052 (-99.9%), from €240,257 to €205
- Financial charges -€1,727
down €1,727 (-24.5%), from €7,039 to €5,312
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€273,071
Gross operating margin
+€53
Other operating charges
-€36
Financial income
-€240,052
Financial charges
+€1,727
Taxes
-€470
Result 2025
€34,293
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€169,885
Investment
€0
Financing
-€171,500
Cash 2024
€2,114
From operations (derived)
+€169,885
Net result for the year
+€34,293
Receivables within one year
+€79,149
Smaller working-capital items
-€27
Tax, wage and social debts
+€970
Other debts
+€55,500
Financing
-€171,500
Debts after one year
-€171,500
Cash 2025
€499
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,644,651 | €3,563,798 | -€80,852 | -2.2% |
| Fixed assets | 21/28 | €3,536,596 | €3,536,596 | = | 0.0% |
| Financial fixed assets | 28 | €3,536,596 | €3,536,596 | = | 0.0% |
| Current assets | 29/58 | €108,055 | €27,203 | -€80,852 | -74.8% |
| Amounts receivable within one year | 40/41 | €105,853 | €26,704 | -€79,149 | -74.8% |
| Other amounts receivable | 41 | €105,853 | €26,704 | -€79,149 | -74.8% |
| Cash at bank and in hand | 54/58 | €2,114 | €499 | -€1,615 | -76.4% |
| Deferred charges and accrued income | 490/1 | €89 | €0 | -€89 | -100% |
| Total equity and liabilities | 10/49 | €3,644,651 | €3,563,798 | -€80,852 | -2.2% |
| Equity | 10/15 | €455,807 | €490,100 | +€34,293 | +7.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €44,055 | €44,055 | = | 0.0% |
| Distributable reserves | 133 | €44,055 | €44,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,752 | €366,045 | +€34,293 | +10.3% |
| Amounts payable | 17/49 | €3,188,844 | €3,073,699 | -€115,145 | -3.6% |
| Amounts payable after more than one year | 17 | €3,121,500 | €2,950,000 | -€171,500 | -5.5% |
| Financial debts | 170/4 | €3,121,500 | €2,950,000 | -€171,500 | -5.5% |
| Amounts payable within one year | 42/48 | €67,344 | €123,699 | +€56,355 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | €66,500 | €66,500 | = | 0.0% |
| Trade debts | 44 | €354 | €238 | -€115 | -32.6% |
| Suppliers | 440/4 | €354 | €238 | -€115 | -32.6% |
| Taxes, remuneration and social security | 45 | €490 | €1,460 | +€970 | +198% |
| Taxes | 450/3 | €490 | €1,460 | +€970 | +198% |
| Other amounts payable | 47/48 | €0 | €55,500 | +€55,500 | |
| Other operating charges | 640/8 | €1,254 | €1,289 | +€36 | +2.8% |
| Gross operating margin | 9900 | €52,097 | €52,150 | +€53 | +0.1% |
| Operating profit (loss) | 9901 | €50,843 | €50,860 | +€17 | 0.0% |
| Financial income | 75/76B | €240,257 | €205 | -€240,052 | -99.9% |
| Recurring financial income | 75 | €240,257 | €205 | -€240,052 | -99.9% |
| Financial charges | 65/66B | €7,039 | €5,312 | -€1,727 | -24.5% |
| Recurring financial charges | 65 | €7,039 | €5,312 | -€1,727 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €284,061 | €45,753 | -€238,308 | -83.9% |
| Income taxes | 67/77 | €10,990 | €11,460 | +€470 | +4.3% |
| Profit (loss) for the period | 9904 | €273,071 | €34,293 | -€238,778 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €273,071 | €34,293 | -€238,778 | -87.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.