HECRI - 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.
HECRI - IMMO
Largest movements
- Tangible fixed assets -€124,885
down €124,885 (-2.4%), from €5.2m to €5.1m
of which Land and buildings: -€109,541
- Receivables within one year -€85,925
down €85,925 (-61.5%), from €139,744 to €53,819
of which Other amounts receivable: -€63,752
- Debts after one year -€150,718
down €150,718 (-8.8%), from €1.7m to €1.6m
- Other debts -€76,102
no longer reported in 2025 (was €76,102)
- Accrued charges and deferred income +€65,586
up €65,586 (+68.6%), from €95,653 to €161,238
- Financial income -€334,079
down €334,079 (-96.2%), from €347,187 to €13,108
of which Financial income: -€312,556
- Gross operating margin +€86,190
up €86,190 (+45.4%), from €190,023 to €276,213
- Financial charges -€34,108
down €34,108 (-30.1%), from €113,246 to €79,138
- Other operating charges +€4,778
up €4,778 (+11.6%), from €41,222 to €46,000
- Depreciation +€4,600
up €4,600 (+2.7%), from €170,518 to €175,118
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 | €6,164,909 | €5,946,169 | -€218,740 | -3.5% |
| Fixed assets | 21/28 | €5,303,641 | €5,203,756 | -€99,885 | -1.9% |
| Tangible fixed assets | 22/27 | €5,178,641 | €5,053,756 | -€124,885 | -2.4% |
| Land and buildings | 22 | €4,607,549 | €4,498,008 | -€109,541 | -2.4% |
| Plant, machinery and equipment | 23 | €12,601 | €8,304 | -€4,297 | -34.1% |
| Furniture and vehicles | 24 | €558,492 | €547,444 | -€11,048 | -2.0% |
| Financial fixed assets | 28 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Current assets | 29/58 | €861,268 | €742,413 | -€118,855 | -13.8% |
| Amounts receivable within one year | 40/41 | €139,744 | €53,819 | -€85,925 | -61.5% |
| Trade receivables | 40 | €22,173 | - | -€22,173 | |
| Other amounts receivable | 41 | €117,571 | €53,819 | -€63,752 | -54.2% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €372,693 | €383,703 | +€11,010 | +3.0% |
| Deferred charges and accrued income | 490/1 | €48,830 | €4,891 | -€43,940 | -90.0% |
| Total equity and liabilities | 10/49 | €6,164,909 | €5,946,169 | -€218,740 | -3.5% |
| Equity | 10/15 | €4,078,715 | €4,056,511 | -€22,205 | -0.5% |
| Contributions | 10/11 | €7,956 | €7,956 | = | 0.0% |
| Reserves | 13 | €1,017,443 | €1,017,443 | = | 0.0% |
| Distributable reserves | 133 | €1,017,443 | €1,017,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,053,317 | €3,031,112 | -€22,205 | -0.7% |
| Amounts payable | 17/49 | €2,086,194 | €1,889,658 | -€196,536 | -9.4% |
| Amounts payable after more than one year | 17 | €1,722,001 | €1,571,284 | -€150,718 | -8.8% |
| Financial debts | 170/4 | €1,722,001 | €1,571,284 | -€150,718 | -8.8% |
| Amounts payable within one year | 42/48 | €268,540 | €157,136 | -€111,404 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €149,596 | €150,718 | +€1,122 | +0.7% |
| Trade debts | 44 | €40,120 | €2,354 | -€37,766 | -94.1% |
| Suppliers | 440/4 | €40,120 | €2,354 | -€37,766 | -94.1% |
| Taxes, remuneration and social security | 45 | €2,722 | €4,064 | +€1,342 | +49.3% |
| Taxes | 450/3 | €2,722 | €4,064 | +€1,342 | +49.3% |
| Other amounts payable | 47/48 | €76,102 | - | -€76,102 | |
| Accrued charges and deferred income | 492/3 | €95,653 | €161,238 | +€65,586 | +68.6% |
| Non-recurring operating income | 76A | - | €16,742 | +€16,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,518 | €175,118 | +€4,600 | +2.7% |
| Other operating charges | 640/8 | €41,222 | €46,000 | +€4,778 | +11.6% |
| Non-recurring operating charges | 66A | €7,690 | €10,759 | +€3,068 | +39.9% |
| Gross operating margin | 9900 | €190,023 | €276,213 | +€86,190 | +45.4% |
| Operating profit (loss) | 9901 | -€29,407 | €44,337 | +€73,744 | |
| Financial income | 75/76B | €347,187 | €13,108 | -€334,079 | -96.2% |
| Recurring financial income | 75 | €325,563 | €13,008 | -€312,556 | -96.0% |
| Non-recurring financial income | 76B | €21,624 | €100 | -€21,524 | -99.5% |
| Financial charges | 65/66B | €113,246 | €79,138 | -€34,108 | -30.1% |
| Recurring financial charges | 65 | €113,246 | €79,138 | -€34,108 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €204,534 | -€21,694 | -€226,228 | |
| Income taxes | 67/77 | €530 | €511 | -€19 | -3.6% |
| Profit (loss) for the period | 9904 | €204,004 | -€22,205 | -€226,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €204,004 | -€22,205 | -€226,209 |
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 3 October 2026 via checked.be.