HANS IMMO: 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.
HANS IMMO
Largest movements
- Receivables within one year -€126,298
down €126,298 (-66.3%), from €190,442 to €64,144
of which Trade receivables: -€129,941
- Cash +€90,048
up €90,048 (+180%), from €50,032 to €140,080
mainly Receivables within one year (+€126,298) and Depreciation (+€59,149)
- Tangible fixed assets -€3,600
down €3,600 (-3.8%), from €93,995 to €90,395
of which Other tangible fixed assets: -€38,006
- Trade debts -€79,392
down €79,392 (-68.2%), from €116,481 to €37,090
- Tax, wage and social debts +€22,732
up €22,732 (+37.9%), from €59,934 to €82,666
of which Taxes: +€17,936
- Reserves +€10,301
up €10,301 (+16.6%), from €61,992 to €72,293
- Debts after one year +€6,552
up €6,552 (+10.4%), from €63,099 to €69,651
- Gross operating margin +€56,606
up €56,606 (+15.5%), from €364,806 to €421,412
- Staff costs +€48,843
up €48,843 (+17.1%), from €285,130 to €333,974
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 | €345,606 | €306,530 | -€39,076 | -11.3% |
| Fixed assets | 21/28 | €94,895 | €91,295 | -€3,600 | -3.8% |
| Tangible fixed assets | 22/27 | €93,995 | €90,395 | -€3,600 | -3.8% |
| Plant, machinery and equipment | 23 | €12,023 | €7,550 | -€4,473 | -37.2% |
| Furniture and vehicles | 24 | €19,686 | €58,565 | +€38,879 | +197% |
| Other tangible fixed assets | 26 | €62,286 | €24,280 | -€38,006 | -61.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €250,711 | €215,235 | -€35,476 | -14.2% |
| Amounts receivable within one year | 40/41 | €190,442 | €64,144 | -€126,298 | -66.3% |
| Trade receivables | 40 | €188,966 | €59,026 | -€129,941 | -68.8% |
| Other amounts receivable | 41 | €1,475 | €5,118 | +€3,643 | +247% |
| Cash at bank and in hand | 54/58 | €50,032 | €140,080 | +€90,048 | +180% |
| Deferred charges and accrued income | 490/1 | €10,237 | €11,011 | +€774 | +7.6% |
| Total equity and liabilities | 10/49 | €345,606 | €306,530 | -€39,076 | -11.3% |
| Equity | 10/15 | €74,392 | €84,693 | +€10,301 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,992 | €72,293 | +€10,301 | +16.6% |
| Distributable reserves | 133 | €61,992 | €72,293 | +€10,301 | +16.6% |
| Amounts payable | 17/49 | €271,213 | €221,836 | -€49,377 | -18.2% |
| Amounts payable after more than one year | 17 | €63,099 | €69,651 | +€6,552 | +10.4% |
| Financial debts | 170/4 | €63,099 | €69,651 | +€6,552 | +10.4% |
| Amounts payable within one year | 42/48 | €208,115 | €151,791 | -€56,323 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €31,699 | €32,035 | +€336 | +1.1% |
| Trade debts | 44 | €116,481 | €37,090 | -€79,392 | -68.2% |
| Suppliers | 440/4 | €116,481 | €37,090 | -€79,392 | -68.2% |
| Taxes, remuneration and social security | 45 | €59,934 | €82,666 | +€22,732 | +37.9% |
| Taxes | 450/3 | €18,794 | €36,730 | +€17,936 | +95.4% |
| Remuneration and social security | 454/9 | €41,140 | €45,937 | +€4,797 | +11.7% |
| Accrued charges and deferred income | 492/3 | - | €395 | +€395 | |
| Non-recurring operating income | 76A | €12,598 | €10,998 | -€1,600 | -12.7% |
| Remuneration, social security and pensions | 62 | €285,130 | €333,974 | +€48,843 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,991 | €59,149 | -€1,843 | -3.0% |
| Other operating charges | 640/8 | €2,634 | €4,150 | +€1,515 | +57.5% |
| Gross operating margin | 9900 | €364,806 | €421,412 | +€56,606 | +15.5% |
| Operating profit (loss) | 9901 | €16,050 | €24,140 | +€8,090 | +50.4% |
| Financial income | 75/76B | €0 | €14 | +€13 | +2,865% |
| Recurring financial income | 75 | €0 | €14 | +€13 | +2,865% |
| Financial charges | 65/66B | €1,766 | €2,083 | +€316 | +17.9% |
| Recurring financial charges | 65 | €1,766 | €2,083 | +€316 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €14,284 | €22,071 | +€7,787 | +54.5% |
| Income taxes | 67/77 | €10,964 | €11,770 | +€806 | +7.3% |
| Profit (loss) for the period | 9904 | €3,320 | €10,301 | +€6,981 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €3,320 | €10,301 | +€6,981 | +210% |
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.