HET IMDEHOF: 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.
HET IMDEHOF
Largest movements
- Tangible fixed assets -€24,044
down €24,044 (-15.2%), from €158,604 to €134,560
- Stocks and contracts +€9,715
up €9,715 (+5.5%), from €177,493 to €187,207
- Receivables within one year -€9,601
down €9,601 (-61.5%), from €15,612 to €6,011
of which Trade receivables: -€9,601
- Profit (loss) carried forward -€95,388
down €95,388 (-166%), from -€57,563 to -€152,951
- Other debts +€80,808
up €80,808 (+22.0%), from €367,538 to €448,346
- Trade debts -€5,673
down €5,673 (-27.4%), from €20,700 to €15,028
- Gross operating margin -€38,819
down €38,819 (-277%), from -€14,020 to -€52,839
- Staff costs +€7,354
up €7,354 (+2,554%), from €288 to €7,642
- Depreciation -€1,526
down €1,526 (-4.5%), from €33,540 to €32,015
- Financial charges +€877
up €877 (+180%), from €487 to €1,364
- Other operating charges +€658
up €658 (+73.5%), from €895 to €1,553
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 | €356,159 | €332,804 | -€23,355 | -6.6% |
| Fixed assets | 21/28 | €158,604 | €134,560 | -€24,044 | -15.2% |
| Tangible fixed assets | 22/27 | €158,604 | €134,560 | -€24,044 | -15.2% |
| Land and buildings | 22 | €43,024 | €46,995 | +€3,971 | +9.2% |
| Plant, machinery and equipment | 23 | €19,598 | €12,705 | -€6,893 | -35.2% |
| Furniture and vehicles | 24 | €26,804 | €17,538 | -€9,266 | -34.6% |
| Other tangible fixed assets | 26 | €69,178 | €57,321 | -€11,856 | -17.1% |
| Current assets | 29/58 | €197,555 | €198,244 | +€689 | +0.3% |
| Stocks and contracts in progress | 3 | €177,493 | €187,207 | +€9,715 | +5.5% |
| Stocks | 30/36 | €177,493 | €187,207 | +€9,715 | +5.5% |
| Amounts receivable within one year | 40/41 | €15,612 | €6,011 | -€9,601 | -61.5% |
| Trade receivables | 40 | €15,343 | €5,742 | -€9,601 | -62.6% |
| Other amounts receivable | 41 | €269 | €269 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,978 | €4,775 | +€797 | +20.0% |
| Deferred charges and accrued income | 490/1 | €472 | €250 | -€222 | -47.0% |
| Total equity and liabilities | 10/49 | €356,159 | €332,804 | -€23,355 | -6.6% |
| Equity | 10/15 | -€38,963 | -€134,351 | -€95,388 | -245% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,563 | -€152,951 | -€95,388 | -166% |
| Amounts payable | 17/49 | €395,122 | €467,155 | +€72,033 | +18.2% |
| Amounts payable within one year | 42/48 | €395,122 | €467,155 | +€72,033 | +18.2% |
| Trade debts | 44 | €20,700 | €15,028 | -€5,673 | -27.4% |
| Suppliers | 440/4 | €20,700 | €15,028 | -€5,673 | -27.4% |
| Taxes, remuneration and social security | 45 | €6,883 | €3,781 | -€3,102 | -45.1% |
| Taxes | 450/3 | €6,883 | €1,970 | -€4,914 | -71.4% |
| Remuneration and social security | 454/9 | - | €1,812 | +€1,812 | |
| Other amounts payable | 47/48 | €367,538 | €448,346 | +€80,808 | +22.0% |
| Non-recurring operating income | 76A | €2,286 | €26,044 | +€23,758 | +1,039% |
| Remuneration, social security and pensions | 62 | €288 | €7,642 | +€7,354 | +2,554% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,540 | €32,015 | -€1,526 | -4.5% |
| Other operating charges | 640/8 | €895 | €1,553 | +€658 | +73.5% |
| Non-recurring operating charges | 66A | €2,503 | €0 | -€2,503 | -100% |
| Gross operating margin | 9900 | -€14,020 | -€52,839 | -€38,819 | -277% |
| Operating profit (loss) | 9901 | -€51,246 | -€94,049 | -€42,803 | -83.5% |
| Financial income | 75/76B | €40 | €25 | -€15 | -37.8% |
| Recurring financial income | 75 | €40 | €25 | -€15 | -37.8% |
| Financial charges | 65/66B | €487 | €1,364 | +€877 | +180% |
| Recurring financial charges | 65 | €487 | €1,364 | +€877 | +180% |
| Profit (loss) for the period before taxes | 9903 | -€51,693 | -€95,388 | -€43,695 | -84.5% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | -€51,696 | -€95,388 | -€43,693 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,696 | -€95,388 | -€43,693 | -84.5% |
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 23 October 2026 via checked.be.