HESBAYE 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.
HESBAYE IMMO
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-63.5%), from €1.9m to €697,279
of which Trade receivables: -€1.0m
- Tangible fixed assets -€1.1m
down €1.1m (-7.4%), from €14.5m to €13.4m
of which Leasing and similar rights: -€1.1m
- Cash -€317,719
down €317,719 (-96.7%), from €328,730 to €11,012
mainly Debts after one year (-€3.0m) and Trade debts (-€323,328)
- Debts after one year -€3.0m
down €3.0m (-24.6%), from €12.0m to €9.1m
of which Financial debts: -€1.7m
- Profit (loss) carried forward +€722,334
up €722,334 (+71.3%), from €1.0m to €1.7m
- Trade debts -€323,328
down €323,328 (-80.2%), from €403,207 to €79,880
- Taxes +€180,626
new in 2025: €180,626
- Financial charges -€116,569
down €116,569 (-16.6%), from €701,018 to €584,449
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 | €16,900,782 | €14,272,536 | -€2.6m | -15.6% |
| Fixed assets | 21/28 | €14,523,769 | €13,446,067 | -€1.1m | -7.4% |
| Tangible fixed assets | 22/27 | €14,523,769 | €13,446,067 | -€1.1m | -7.4% |
| Land and buildings | 22 | €3,689,994 | €3,686,812 | -€3,182 | -0.1% |
| Plant, machinery and equipment | 23 | €1,188 | €1,097 | -€91 | -7.7% |
| Leasing and similar rights | 25 | €10,832,586 | €9,758,158 | -€1.1m | -9.9% |
| Current assets | 29/58 | €2,377,014 | €826,470 | -€1.6m | -65.2% |
| Amounts receivable within one year | 40/41 | €1,912,262 | €697,279 | -€1.2m | -63.5% |
| Trade receivables | 40 | €1,643,384 | €610,045 | -€1.0m | -62.9% |
| Other amounts receivable | 41 | €268,878 | €87,235 | -€181,643 | -67.6% |
| Cash at bank and in hand | 54/58 | €328,730 | €11,012 | -€317,719 | -96.7% |
| Deferred charges and accrued income | 490/1 | €136,022 | €118,179 | -€17,843 | -13.1% |
| Total equity and liabilities | 10/49 | €16,900,782 | €14,272,536 | -€2.6m | -15.6% |
| Equity | 10/15 | €2,788,810 | €3,421,751 | +€632,941 | +22.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,013,728 | €1,736,062 | +€722,334 | +71.3% |
| Investment grants | 15 | €895,082 | €805,689 | -€89,392 | -10.0% |
| Amounts payable | 17/49 | €14,111,972 | €10,850,785 | -€3.3m | -23.1% |
| Amounts payable after more than one year | 17 | €12,035,170 | €9,071,349 | -€3.0m | -24.6% |
| Financial debts | 170/4 | €10,770,914 | €9,071,349 | -€1.7m | -15.8% |
| Other amounts payable | 178/9 | €1,264,257 | - | -€1.3m | |
| Amounts payable within one year | 42/48 | €2,029,393 | €1,779,436 | -€249,957 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €1,626,185 | €1,699,556 | +€73,371 | +4.5% |
| Trade debts | 44 | €403,207 | €79,880 | -€323,328 | -80.2% |
| Suppliers | 440/4 | €403,207 | €79,880 | -€323,328 | -80.2% |
| Accrued charges and deferred income | 492/3 | €47,409 | - | -€47,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077,702 | €1,077,702 | = | 0.0% |
| Other operating charges | 640/8 | €81,894 | €80,889 | -€1,005 | -1.2% |
| Gross operating margin | 9900 | €2,566,876 | €2,556,607 | -€10,268 | -0.4% |
| Operating profit (loss) | 9901 | €1,407,280 | €1,398,016 | -€9,263 | -0.7% |
| Financial income | 75/76B | €89,392 | €89,392 | = | 0.0% |
| Recurring financial income | 75 | €89,392 | €89,392 | = | 0.0% |
| Financial charges | 65/66B | €701,018 | €584,449 | -€116,569 | -16.6% |
| Recurring financial charges | 65 | €701,018 | €584,449 | -€116,569 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €795,654 | €902,960 | +€107,305 | +13.5% |
| Income taxes | 67/77 | - | €180,626 | +€180,626 | |
| Profit (loss) for the period | 9904 | €795,654 | €722,334 | -€73,321 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €795,654 | €722,334 | -€73,321 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.