HAGimmo: 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.
HAGimmo
Largest movements
- Tangible fixed assets +€194,532
up €194,532 (+60.0%), from €324,383 to €518,915
of which Land and buildings: +€185,198
- Receivables within one year -€7,211
down €7,211 (-34.1%), from €21,177 to €13,965
- Revaluation surpluses +€115,000
new in 2025: €115,000
- Debts after one year +€45,603
up €45,603 (+14.4%), from €315,981 to €361,584
of which Financial debts: +€45,603
- Other debts +€29,107
up €29,107 (+129%), from €22,648 to €51,756
- Gross operating margin +€1,861
up €1,861 (+5.5%), from €33,834 to €35,695
- Depreciation +€1,767
up €1,767 (+11.6%), from €15,268 to €17,035
- Financial charges -€1,399
down €1,399 (-9.9%), from €14,143 to €12,745
- Financial income -€443
no longer reported in 2025 (was €443)
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.
Derived cash bridge
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 | €348,232 | €537,764 | +€189,533 | +54.4% |
| Fixed assets | 21/28 | €324,383 | €518,915 | +€194,532 | +60.0% |
| Tangible fixed assets | 22/27 | €324,383 | €518,915 | +€194,532 | +60.0% |
| Land and buildings | 22 | €308,678 | €493,876 | +€185,198 | +60.0% |
| Plant, machinery and equipment | 23 | €6,358 | €5,575 | -€782 | -12.3% |
| Furniture and vehicles | 24 | €3,881 | €15,335 | +€11,455 | +295% |
| Leasing and similar rights | 25 | €5,467 | €4,129 | -€1,338 | -24.5% |
| Current assets | 29/58 | €23,849 | €18,849 | -€4,999 | -21.0% |
| Amounts receivable within one year | 40/41 | €21,177 | €13,965 | -€7,211 | -34.1% |
| Trade receivables | 40 | €21,177 | €13,965 | -€7,211 | -34.1% |
| Cash at bank and in hand | 54/58 | €2,672 | €4,884 | +€2,212 | +82.8% |
| Total equity and liabilities | 10/49 | €348,232 | €537,764 | +€189,533 | +54.4% |
| Equity | 10/15 | -€15,296 | €101,079 | +€116,375 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €115,000 | +€115,000 | |
| Profit (loss) carried forward | 14 | -€33,296 | -€31,921 | +€1,375 | +4.1% |
| Amounts payable | 17/49 | €363,527 | €436,685 | +€73,158 | +20.1% |
| Amounts payable after more than one year | 17 | €315,981 | €361,584 | +€45,603 | +14.4% |
| Financial debts | 170/4 | €264,981 | €310,584 | +€45,603 | +17.2% |
| Other amounts payable | 178/9 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,547 | €75,102 | +€27,555 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €14,299 | €17,397 | +€3,098 | +21.7% |
| Trade debts | 44 | €6,010 | €2,398 | -€3,612 | -60.1% |
| Suppliers | 440/4 | €6,010 | €2,398 | -€3,612 | -60.1% |
| Taxes, remuneration and social security | 45 | €4,590 | €3,552 | -€1,038 | -22.6% |
| Taxes | 450/3 | €4,590 | €3,552 | -€1,038 | -22.6% |
| Other amounts payable | 47/48 | €22,648 | €51,756 | +€29,107 | +129% |
| Non-recurring operating income | 76A | €1,887 | - | -€1,887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,268 | €17,035 | +€1,767 | +11.6% |
| Other operating charges | 640/8 | €4,586 | €4,540 | -€46 | -1.0% |
| Gross operating margin | 9900 | €33,834 | €35,695 | +€1,861 | +5.5% |
| Operating profit (loss) | 9901 | €13,980 | €14,120 | +€140 | +1.0% |
| Financial income | 75/76B | €443 | - | -€443 | |
| Recurring financial income | 75 | €443 | - | -€443 | |
| Financial charges | 65/66B | €14,143 | €12,745 | -€1,399 | -9.9% |
| Recurring financial charges | 65 | €14,143 | €12,745 | -€1,399 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €279 | €1,375 | +€1,096 | +392% |
| Income taxes | 67/77 | €177 | - | -€177 | |
| Profit (loss) for the period | 9904 | €102 | €1,375 | +€1,273 | +1,242% |
| Profit (loss) for the period to be appropriated | 9905 | €102 | €1,375 | +€1,273 | +1,242% |
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 14 October 2026 via checked.be.