HEUVAL 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.
HEUVAL IMMO
Largest movements
- Tangible fixed assets -€35,441
down €35,441 (-4.3%), from €826,835 to €791,394
of which Land and buildings: -€35,226
- Cash +€21,492
up €21,492 (+15.5%), from €138,444 to €159,936
mainly Depreciation (+€35,441) and Accrued charges and deferred income (+€800)
- Profit (loss) carried forward -€14,749
down €14,749 (-13.4%), from €110,324 to €95,575
- Gross operating margin -€14,617
down €14,617 (-34.2%), from €42,751 to €28,134
- Other operating charges +€845
up €845 (+13.1%), from €6,433 to €7,278
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 | €966,194 | €952,244 | -€13,949 | -1.4% |
| Fixed assets | 21/28 | €827,750 | €792,309 | -€35,441 | -4.3% |
| Tangible fixed assets | 22/27 | €826,835 | €791,394 | -€35,441 | -4.3% |
| Land and buildings | 22 | €824,994 | €789,768 | -€35,226 | -4.3% |
| Plant, machinery and equipment | 23 | €1,841 | €1,626 | -€215 | -11.7% |
| Financial fixed assets | 28 | €915 | €915 | = | 0.0% |
| Current assets | 29/58 | €138,444 | €159,936 | +€21,492 | +15.5% |
| Cash at bank and in hand | 54/58 | €138,444 | €159,936 | +€21,492 | +15.5% |
| Total equity and liabilities | 10/49 | €966,194 | €952,244 | -€13,949 | -1.4% |
| Equity | 10/15 | €966,194 | €951,444 | -€14,749 | -1.5% |
| Contributions | 10/11 | €843,000 | €843,000 | = | 0.0% |
| Capital | 10 | €843,000 | €843,000 | = | 0.0% |
| Issued capital | 100 | €843,000 | €843,000 | = | 0.0% |
| Reserves | 13 | €12,870 | €12,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,870 | €12,870 | = | 0.0% |
| Legal reserve | 130 | €12,870 | €12,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,324 | €95,575 | -€14,749 | -13.4% |
| Amounts payable | 17/49 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,394 | €35,441 | +€47 | +0.1% |
| Other operating charges | 640/8 | €6,433 | €7,278 | +€845 | +13.1% |
| Gross operating margin | 9900 | €42,751 | €28,134 | -€14,617 | -34.2% |
| Operating profit (loss) | 9901 | €924 | -€14,585 | -€15,509 | |
| Financial charges | 65/66B | €164 | €164 | -€0 | -0.1% |
| Recurring financial charges | 65 | €164 | €164 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €760 | -€14,749 | -€15,509 | |
| Profit (loss) for the period | 9904 | €760 | -€14,749 | -€15,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €760 | -€14,749 | -€15,509 |
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 15 October 2026 via checked.be.