HEDIBEL 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.
HEDIBEL IMMO
Largest movements
- Tangible fixed assets -€24,932
down €24,932 (-7.6%), from €326,986 to €302,055
of which Land and buildings: -€14,330
- Debts after one year -€28,815
down €28,815 (-8.9%), from €323,579 to €294,764
- Other debts +€11,590
up €11,590 (+7.6%), from €153,181 to €164,771
- Accrued charges and deferred income -€10,611
down €10,611 (-83.7%), from €12,680 to €2,068
- Current portion of long-term debt +€9,256
up €9,256 (+32.6%), from €28,365 to €37,621
- Profit (loss) carried forward -€5,865
down €5,865 (-2.4%), from -€247,260 to -€253,125
- Gross operating margin -€21,778
down €21,778 (-49.1%), from €44,319 to €22,541
- Financial charges -€5,815
down €5,815 (-96.5%), from €6,028 to €213
- Depreciation -€560
down €560 (-2.1%), from €26,063 to €25,503
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 | €346,452 | €319,872 | -€26,580 | -7.7% |
| Fixed assets | 21/28 | €340,689 | €315,186 | -€25,503 | -7.5% |
| Intangible fixed assets | 21 | €13,702 | €13,131 | -€571 | -4.2% |
| Tangible fixed assets | 22/27 | €326,986 | €302,055 | -€24,932 | -7.6% |
| Land and buildings | 22 | €315,409 | €301,079 | -€14,330 | -4.5% |
| Plant, machinery and equipment | 23 | €9,225 | €411 | -€8,814 | -95.5% |
| Furniture and vehicles | 24 | €1,999 | €211 | -€1,788 | -89.5% |
| Other tangible fixed assets | 26 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €5,763 | €4,686 | -€1,077 | -18.7% |
| Stocks and contracts in progress | 3 | €2,600 | €2,600 | = | 0.0% |
| Stocks | 30/36 | €2,600 | €2,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €235 | €235 | = | 0.0% |
| Other amounts receivable | 41 | €235 | €235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,927 | €1,850 | -€1,077 | -36.8% |
| Total equity and liabilities | 10/49 | €346,452 | €319,872 | -€26,580 | -7.7% |
| Equity | 10/15 | -€226,690 | -€232,555 | -€5,865 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,970 | €1,970 | = | 0.0% |
| 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 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,260 | -€253,125 | -€5,865 | -2.4% |
| Amounts payable | 17/49 | €573,142 | €552,427 | -€20,715 | -3.6% |
| Amounts payable after more than one year | 17 | €323,579 | €294,764 | -€28,815 | -8.9% |
| Financial debts | 170/4 | €323,579 | €294,764 | -€28,815 | -8.9% |
| Amounts payable within one year | 42/48 | €236,884 | €255,595 | +€18,711 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €28,365 | €37,621 | +€9,256 | +32.6% |
| Trade debts | 44 | €55,338 | €53,203 | -€2,134 | -3.9% |
| Suppliers | 440/4 | €55,338 | €53,203 | -€2,134 | -3.9% |
| Other amounts payable | 47/48 | €153,181 | €164,771 | +€11,590 | +7.6% |
| Accrued charges and deferred income | 492/3 | €12,680 | €2,068 | -€10,611 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,063 | €25,503 | -€560 | -2.1% |
| Other operating charges | 640/8 | €3,094 | €2,691 | -€403 | -13.0% |
| Gross operating margin | 9900 | €44,319 | €22,541 | -€21,778 | -49.1% |
| Operating profit (loss) | 9901 | €15,162 | -€5,652 | -€20,815 | |
| Financial charges | 65/66B | €6,028 | €213 | -€5,815 | -96.5% |
| Recurring financial charges | 65 | €6,028 | €213 | -€5,815 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €9,135 | -€5,865 | -€15,000 | |
| Income taxes | 67/77 | -€248 | - | +€248 | |
| Profit (loss) for the period | 9904 | €9,383 | -€5,865 | -€15,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,383 | -€5,865 | -€15,248 |
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 18 October 2026 via checked.be.