HF Immo: what changed
Two fiscal 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.
HF Immo
Largest movements
- Cash +€22,033
up €22,033 (+1143.5%), from €1,927 to €23,960
mainly Receivables within one year (+€14,161) and Net result for the year (+€6,752)
- Receivables within one year -€14,161
down €14,161 (-75.8%), from €18,681 to €4,520
of which Trade receivables: -€14,169
- Profit (loss) carried forward +€6,752
up €6,752 (+81.4%), from €8,300 to €15,052
- Trade debts +€2,820
up €2,820 (+85.3%), from €3,307 to €6,128
- Tax, wage and social debts -€2,314
down €2,314 (-27.4%), from €8,431 to €6,117
of which Remuneration and social security: -€2,000
- Other debts +€613
up €613 (+107.4%), from €570 to €1,183
- Gross operating margin -€2,300
down €2,300 (-19.8%), from €11,636 to €9,336
- Taxes -€473
down €473 (-18.8%), from €2,522 to €2,049
- Other operating charges -€349
down €349 (-42.9%), from €815 to €465
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 | €20,608 | €28,480 | +€7,872 | +38.2% |
| Current assets | 29/58 | €20,608 | €28,480 | +€7,872 | +38.2% |
| Amounts receivable within one year | 40/41 | €18,681 | €4,520 | -€14,161 | -75.8% |
| Trade receivables | 40 | €18,681 | €4,512 | -€14,169 | -75.8% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €1,927 | €23,960 | +€22,033 | +1143.5% |
| Total equity and liabilities | 10/49 | €20,608 | €28,480 | +€7,872 | +38.2% |
| Equity | 10/15 | €8,300 | €15,052 | +€6,752 | +81.4% |
| Profit (loss) carried forward | 14 | €8,300 | €15,052 | +€6,752 | +81.4% |
| Amounts payable | 17/49 | €12,308 | €13,428 | +€1,120 | +9.1% |
| Amounts payable within one year | 42/48 | €12,308 | €13,428 | +€1,120 | +9.1% |
| Trade debts | 44 | €3,307 | €6,128 | +€2,820 | +85.3% |
| Suppliers | 440/4 | €3,307 | €6,128 | +€2,820 | +85.3% |
| Taxes, remuneration and social security | 45 | €8,431 | €6,117 | -€2,314 | -27.4% |
| Taxes | 450/3 | €6,431 | €6,117 | -€314 | -4.9% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €570 | €1,183 | +€613 | +107.4% |
| Other operating charges | 640/8 | €815 | €465 | -€349 | -42.9% |
| Gross operating margin | 9900 | €11,636 | €9,336 | -€2,300 | -19.8% |
| Operating profit (loss) | 9901 | €10,821 | €8,870 | -€1,951 | -18.0% |
| Financial charges | 65/66B | - | €69 | +€69 | |
| Recurring financial charges | 65 | - | €69 | +€69 | |
| Profit (loss) for the period before taxes | 9903 | €10,821 | €8,801 | -€2,020 | -18.7% |
| Income taxes | 67/77 | €2,522 | €2,049 | -€473 | -18.8% |
| Profit (loss) for the period | 9904 | €8,300 | €6,752 | -€1,547 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,300 | €6,752 | -€1,547 | -18.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.