HANSEN IMMO & INVESTS: 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.
HANSEN IMMO & INVESTS
Largest movements
- Tangible fixed assets +€2.9m
up €2.9m (+111%), from €2.6m to €5.6m
of which Land and buildings: +€3.0m
- Cash -€754,570
down €754,570 (-59.2%), from €1.3m to €520,671
mainly Investment in fixed assets (net) (-€4.6m) and Net result for the year (-€262,669)
- Financial fixed assets +€712,841
new in 2025: €712,841
- Receivables within one year -€290,302
down €290,302 (-44.9%), from €646,755 to €356,452
of which Other amounts receivable: -€280,813
- Debts after one year +€1.9m
up €1.9m (+142%), from €1.4m to €3.3m
- Short-term financial debts +€620,000
new in 2025: €620,000
- Profit (loss) carried forward -€259,237
down €259,237 (-10.7%), from €2.4m to €2.2m
- Current portion of long-term debt +€158,533
up €158,533 (+74.8%), from €211,874 to €370,407
- Other debts +€153,388
new in 2025: €153,388
- Depreciation +€729,403
up €729,403 (+302%), from €241,138 to €970,540
- Gross operating margin +€246,530
up €246,530 (+43.4%), from €567,551 to €814,081
- Taxes -€73,280
no longer reported in 2025 (was €73,280)
- Financial charges +€57,488
up €57,488 (+185%), from €31,125 to €88,613
- Other operating charges +€18,427
up €18,427 (+284%), from €6,498 to €24,926
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 | €4,566,136 | €7,177,619 | +€2.6m | +57.2% |
| Fixed assets | 21/28 | €2,642,871 | €6,299,188 | +€3.7m | +138% |
| Tangible fixed assets | 22/27 | €2,642,871 | €5,586,347 | +€2.9m | +111% |
| Land and buildings | 22 | €2,629,261 | €5,581,376 | +€3.0m | +112% |
| Plant, machinery and equipment | 23 | €13,610 | €4,972 | -€8,638 | -63.5% |
| Financial fixed assets | 28 | - | €712,841 | +€712,841 | |
| Current assets | 29/58 | €1,923,266 | €878,432 | -€1.0m | -54.3% |
| Amounts receivable within one year | 40/41 | €646,755 | €356,452 | -€290,302 | -44.9% |
| Trade receivables | 40 | €253,222 | €243,732 | -€9,490 | -3.7% |
| Other amounts receivable | 41 | €393,533 | €112,720 | -€280,813 | -71.4% |
| Cash at bank and in hand | 54/58 | €1,275,240 | €520,671 | -€754,570 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,270 | €1,309 | +€38 | +3.0% |
| Total equity and liabilities | 10/49 | €4,566,136 | €7,177,619 | +€2.6m | +57.2% |
| Equity | 10/15 | €2,802,493 | €2,539,825 | -€262,669 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,178 | €354,746 | -€3,432 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €356,318 | €352,886 | -€3,432 | -1.0% |
| Profit (loss) carried forward | 14 | €2,425,715 | €2,166,478 | -€259,237 | -10.7% |
| Provisions and deferred taxes | 16 | €24,841 | €23,073 | -€1,768 | -7.1% |
| Deferred taxes | 168 | €24,841 | €23,073 | -€1,768 | -7.1% |
| Amounts payable | 17/49 | €1,738,803 | €4,614,722 | +€2.9m | +165% |
| Amounts payable after more than one year | 17 | €1,374,167 | €3,324,145 | +€1.9m | +142% |
| Financial debts | 170/4 | €1,374,167 | €3,324,145 | +€1.9m | +142% |
| Amounts payable within one year | 42/48 | €364,636 | €1,290,578 | +€925,942 | +254% |
| Current portion of amounts payable after more than one year | 42 | €211,874 | €370,407 | +€158,533 | +74.8% |
| Financial debts | 43 | - | €620,000 | +€620,000 | |
| Credit institutions | 430/8 | - | €620,000 | +€620,000 | |
| Trade debts | 44 | €144,482 | €146,783 | +€2,301 | +1.6% |
| Suppliers | 440/4 | €144,482 | €146,783 | +€2,301 | +1.6% |
| Taxes, remuneration and social security | 45 | €8,280 | - | -€8,280 | |
| Taxes | 450/3 | €8,280 | - | -€8,280 | |
| Other amounts payable | 47/48 | - | €153,388 | +€153,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,138 | €970,540 | +€729,403 | +302% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,491 | -€1,631 | -€140 | -9.4% |
| Other operating charges | 640/8 | €6,498 | €24,926 | +€18,427 | +284% |
| Gross operating margin | 9900 | €567,551 | €814,081 | +€246,530 | +43.4% |
| Operating profit (loss) | 9901 | €321,406 | -€179,754 | -€501,160 | |
| Financial income | 75/76B | €2,307 | €3,931 | +€1,624 | +70.4% |
| Recurring financial income | 75 | €2,307 | €3,931 | +€1,624 | +70.4% |
| Financial charges | 65/66B | €31,125 | €88,613 | +€57,488 | +185% |
| Recurring financial charges | 65 | €31,125 | €88,613 | +€57,488 | +185% |
| Profit (loss) for the period before taxes | 9903 | €292,588 | -€264,437 | -€557,025 | |
| Transfer from deferred taxes | 780 | €1,768 | €1,768 | = | 0.0% |
| Income taxes | 67/77 | €73,280 | - | -€73,280 | |
| Profit (loss) for the period | 9904 | €221,076 | -€262,669 | -€483,744 | |
| Transfer from tax-exempt reserves | 789 | €3,432 | €3,432 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,258 | -€259,237 | -€378,494 |
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 15 October 2026 via checked.be.