HD17 IMMO: what changed
Two fiscal 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.
HD17 IMMO
Largest movements
- Receivables within one year +€300,167
new in 2025: €300,167
- Stocks and contracts +€221,207
up €221,207 (+6.2%), from €3.6m to €3.8m
- Cash +€97,442
up €97,442 (+809.5%), from €12,038 to €109,480
mainly Debts after one year (+€508,901) and Net result for the year (+€260,888)
- Debts after one year +€508,901
up €508,901 (+16.5%), from €3.1m to €3.6m
of which Financial debts: +€370,222
- Accrued charges and deferred income -€447,602
down €447,602 (-96.8%), from €462,433 to €14,831
- Tax, wage and social debts +€256,937
new in 2025: €256,937
- Profit (loss) carried forward +€247,843
up €247,843, from -€200,982 to €46,862
- Services and other goods -€657,598
down €657,598 (-78.3%), from €840,323 to €182,725
- Other operating charges +€378,533
up €378,533 (+108939.7%), from €347 to €378,880
- Turnover +€351,628
up €351,628 (+351.6%), from €100,000 to €451,628
- Other operating income +€300,167
new in 2025: €300,167
- Financial charges +€129,495
up €129,495 (+719.4%), from €18,001 to €147,496
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,604,487 | €4,223,546 | +€619,059 | +17.2% |
| Current assets | 29/58 | €3,604,487 | €4,223,546 | +€619,059 | +17.2% |
| Stocks and contracts in progress | 3 | €3,592,449 | €3,813,657 | +€221,207 | +6.2% |
| Contracts in progress | 37 | €3,592,449 | €3,813,657 | +€221,207 | +6.2% |
| Amounts receivable within one year | 40/41 | - | €300,167 | +€300,167 | |
| Trade receivables | 40 | - | €300,167 | +€300,167 | |
| Cash at bank and in hand | 54/58 | €12,038 | €109,480 | +€97,442 | +809.5% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €3,604,487 | €4,223,546 | +€619,059 | +17.2% |
| Equity | 10/15 | €22,892 | €283,780 | +€260,888 | +1139.7% |
| Contributions | 10/11 | €223,874 | €223,874 | = | 0.0% |
| Capital | 10 | €223,874 | €223,874 | = | 0.0% |
| Issued capital | 100 | €223,874 | €223,874 | = | 0.0% |
| Reserves | 13 | - | €13,044 | +€13,044 | |
| Non-distributable reserves | 130/1 | - | €13,044 | +€13,044 | |
| Legal reserve | 130 | - | €13,044 | +€13,044 | |
| Profit (loss) carried forward | 14 | -€200,982 | €46,862 | +€247,843 | |
| Amounts payable | 17/49 | €3,581,595 | €3,939,766 | +€358,171 | +10.0% |
| Amounts payable after more than one year | 17 | €3,082,561 | €3,591,462 | +€508,901 | +16.5% |
| Financial debts | 170/4 | €3,082,561 | €3,452,783 | +€370,222 | +12.0% |
| Credit institutions | 173 | €3,082,561 | €3,452,783 | +€370,222 | +12.0% |
| Other amounts payable | 178/9 | - | €138,679 | +€138,679 | |
| Amounts payable within one year | 42/48 | €36,601 | €333,473 | +€296,871 | +811.1% |
| Trade debts | 44 | €35,579 | €76,536 | +€40,957 | +115.1% |
| Suppliers | 440/4 | €35,579 | €76,536 | +€40,957 | +115.1% |
| Taxes, remuneration and social security | 45 | - | €256,937 | +€256,937 | |
| Taxes | 450/3 | - | €256,937 | +€256,937 | |
| Other amounts payable | 47/48 | €1,022 | - | -€1,022 | |
| Accrued charges and deferred income | 492/3 | €462,433 | €14,831 | -€447,602 | -96.8% |
| Operating income | 70/76A | €880,331 | €969,789 | +€89,458 | +10.2% |
| Turnover | 70 | €100,000 | €451,628 | +€351,628 | +351.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €780,331 | €217,994 | -€562,337 | -72.1% |
| Other operating income | 74 | - | €300,167 | +€300,167 | |
| Operating charges | 60/66A | €840,670 | €561,605 | -€279,065 | -33.2% |
| Services and other goods | 61 | €840,323 | €182,725 | -€657,598 | -78.3% |
| Other operating charges | 640/8 | €347 | €378,880 | +€378,533 | +108939.7% |
| Operating profit (loss) | 9901 | €39,660 | €408,184 | +€368,524 | +929.2% |
| Financial income | 75/76B | - | €200 | +€200 | |
| Recurring financial income | 75 | - | €200 | +€200 | |
| Other financial income | 752/9 | - | €200 | +€200 | |
| Financial charges | 65/66B | €18,001 | €147,496 | +€129,495 | +719.4% |
| Recurring financial charges | 65 | €18,001 | €147,496 | +€129,495 | +719.4% |
| Debt charges | 650 | €12,433 | €135,685 | +€123,251 | +991.3% |
| Other financial charges | 652/9 | €5,567 | €11,812 | +€6,244 | +112.2% |
| Profit (loss) for the period before taxes | 9903 | €21,659 | €260,888 | +€239,228 | +1104.5% |
| Profit (loss) for the period | 9904 | €21,659 | €260,888 | +€239,228 | +1104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,659 | €260,888 | +€239,228 | +1104.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.