herO 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.
herO immO
Largest movements
- Tangible fixed assets -€11,970
down €11,970 (-1.2%), from €959,795 to €947,826
of which Land and buildings: -€14,683
- Debts after one year -€18,005
down €18,005 (-1.8%), from €1.0m to €989,419
- Financial charges -€5,660
down €5,660 (-17.2%), from €32,884 to €27,224
- Other operating charges +€1,111
up €1,111 (+30.6%), from €3,629 to €4,740
- Depreciation +€914
up €914 (+4.0%), from €23,139 to €24,053
- Gross operating margin +€714
up €714 (+1.3%), from €54,798 to €55,512
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 | €1,036,162 | €1,022,110 | -€14,052 | -1.4% |
| Fixed assets | 21/28 | €959,795 | €947,826 | -€11,970 | -1.2% |
| Tangible fixed assets | 22/27 | €959,795 | €947,826 | -€11,970 | -1.2% |
| Land and buildings | 22 | €951,483 | €936,801 | -€14,683 | -1.5% |
| Plant, machinery and equipment | 23 | €8,312 | €11,025 | +€2,713 | +32.6% |
| Current assets | 29/58 | €76,367 | €74,285 | -€2,082 | -2.7% |
| Amounts receivable within one year | 40/41 | €63,778 | €60,500 | -€3,278 | -5.1% |
| Trade receivables | 40 | €3,278 | €0 | -€3,278 | -100.0% |
| Other amounts receivable | 41 | €60,500 | €60,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,395 | €13,347 | +€952 | +7.7% |
| Deferred charges and accrued income | 490/1 | €194 | €438 | +€244 | +126.2% |
| Total equity and liabilities | 10/49 | €1,036,162 | €1,022,110 | -€14,052 | -1.4% |
| Equity | 10/15 | -€160,535 | -€161,040 | -€505 | -0.3% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,285 | -€161,790 | -€505 | -0.3% |
| Amounts payable | 17/49 | €1,196,697 | €1,183,150 | -€13,547 | -1.1% |
| Amounts payable after more than one year | 17 | €1,007,424 | €989,419 | -€18,005 | -1.8% |
| Financial debts | 170/4 | €1,007,424 | €989,419 | -€18,005 | -1.8% |
| Amounts payable within one year | 42/48 | €189,274 | €187,742 | -€1,531 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €50,183 | €48,005 | -€2,178 | -4.3% |
| Trade debts | 44 | €398 | €1,029 | +€631 | +158.5% |
| Suppliers | 440/4 | €398 | €1,029 | +€631 | +158.5% |
| Taxes, remuneration and social security | 45 | €2,441 | €2,405 | -€36 | -1.5% |
| Taxes | 450/3 | €2,441 | €2,405 | -€36 | -1.5% |
| Other amounts payable | 47/48 | €136,251 | €136,303 | +€52 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,989 | +€5,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,139 | €24,053 | +€914 | +4.0% |
| Other operating charges | 640/8 | €3,629 | €4,740 | +€1,111 | +30.6% |
| Gross operating margin | 9900 | €54,798 | €55,512 | +€714 | +1.3% |
| Operating profit (loss) | 9901 | €28,030 | €26,719 | -€1,311 | -4.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €32,884 | €27,224 | -€5,660 | -17.2% |
| Recurring financial charges | 65 | €32,884 | €27,224 | -€5,660 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,854 | -€505 | +€4,349 | +89.6% |
| Profit (loss) for the period | 9904 | -€4,854 | -€505 | +€4,349 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,854 | -€505 | +€4,349 | +89.6% |
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 11 October 2026 via checked.be.