HDD-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.
HDD-IMMO
Largest movements
- Tangible fixed assets -€48,576
down €48,576 (-5.1%), from €945,608 to €897,032
of which Land and buildings: -€36,012
- Receivables within one year -€15,026
down €15,026 (-99.9%), from €15,043 to €17
- Other debts -€52,225
down €52,225 (-6.8%), from €773,465 to €721,240
- Current portion of long-term debt -€12,671
down €12,671 (-76.0%), from €16,673 to €4,002
- Gross operating margin +€6,053
up €6,053 (+7.9%), from €76,800 to €82,853
- Taxes +€2,517
up €2,517 (+59.7%), from €4,215 to €6,731
- Financial charges -€1,088
down €1,088 (-76.1%), from €1,430 to €342
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.
Cash bridge derived
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 | €968,698 | €914,743 | -€53,955 | -5.6% |
| Fixed assets | 21/28 | €945,608 | €897,032 | -€48,576 | -5.1% |
| Tangible fixed assets | 22/27 | €945,608 | €897,032 | -€48,576 | -5.1% |
| Land and buildings | 22 | €889,036 | €853,024 | -€36,012 | -4.1% |
| Plant, machinery and equipment | 23 | €1,374 | €506 | -€868 | -63.1% |
| Furniture and vehicles | 24 | €55,198 | €43,502 | -€11,696 | -21.2% |
| Current assets | 29/58 | €23,090 | €17,711 | -€5,378 | -23.3% |
| Amounts receivable within one year | 40/41 | €15,043 | €17 | -€15,026 | -99.9% |
| Other amounts receivable | 41 | €15,043 | €17 | -€15,026 | -99.9% |
| Cash at bank and in hand | 54/58 | €3,444 | €12,971 | +€9,527 | +276.6% |
| Deferred charges and accrued income | 490/1 | €4,603 | €4,724 | +€121 | +2.6% |
| Total equity and liabilities | 10/49 | €968,698 | €914,743 | -€53,955 | -5.6% |
| Equity | 10/15 | €169,283 | €184,763 | +€15,480 | +9.1% |
| Contributions | 10/11 | €62,248 | €62,248 | = | 0.0% |
| Capital | 10 | €62,248 | €62,248 | = | 0.0% |
| Issued capital | 100 | €62,248 | €62,248 | = | 0.0% |
| Reserves | 13 | €116,507 | €122,515 | +€6,008 | +5.2% |
| Distributable reserves | 133 | €116,507 | €122,515 | +€6,008 | +5.2% |
| Profit (loss) carried forward | 14 | -€9,472 | €0 | +€9,472 | |
| Amounts payable | 17/49 | €799,415 | €729,980 | -€69,435 | -8.7% |
| Amounts payable after more than one year | 17 | €4,006 | €0 | -€4,006 | -100.0% |
| Financial debts | 170/4 | €4,006 | €0 | -€4,006 | -100.0% |
| Amounts payable within one year | 42/48 | €795,409 | €729,980 | -€65,429 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €16,673 | €4,002 | -€12,671 | -76.0% |
| Trade debts | 44 | €3,357 | €225 | -€3,132 | -93.3% |
| Suppliers | 440/4 | €3,357 | €225 | -€3,132 | -93.3% |
| Taxes, remuneration and social security | 45 | €1,915 | €4,514 | +€2,599 | +135.7% |
| Taxes | 450/3 | €665 | €3,264 | +€2,599 | +390.7% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €773,465 | €721,240 | -€52,225 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,396 | €48,576 | +€181 | +0.4% |
| Other operating charges | 640/8 | €11,317 | €11,724 | +€406 | +3.6% |
| Gross operating margin | 9900 | €76,800 | €82,853 | +€6,053 | +7.9% |
| Operating profit (loss) | 9901 | €17,087 | €22,553 | +€5,466 | +32.0% |
| Financial charges | 65/66B | €1,430 | €342 | -€1,088 | -76.1% |
| Recurring financial charges | 65 | €1,430 | €342 | -€1,088 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €15,657 | €22,211 | +€6,555 | +41.9% |
| Income taxes | 67/77 | €4,215 | €6,731 | +€2,517 | +59.7% |
| Profit (loss) for the period | 9904 | €11,442 | €15,480 | +€4,038 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,442 | €15,480 | +€4,038 | +35.3% |
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 4 October 2026 via checked.be.