HFIMMO: 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.
HFIMMO
Largest movements
- Tangible fixed assets -€76,499
down €76,499 (-8.9%), from €856,595 to €780,096
- Debts after one year -€81,660
down €81,660 (-14.1%), from €579,751 to €498,090
- Other debts +€44,591
up €44,591 (+10897.1%), from €409 to €45,000
- Accrued charges and deferred income -€21,112
down €21,112 (-23.1%), from €91,549 to €70,437
- Current portion of long-term debt -€12,163
down €12,163 (-13.0%), from €93,824 to €81,660
- Gross operating margin +€5,999
up €5,999 (+3.6%), from €168,476 to €174,475
- Financial charges -€1,961
down €1,961 (-9.4%), from €20,849 to €18,888
- Taxes +€1,788
up €1,788 (+13.0%), from €13,788 to €15,576
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 | €1,061,427 | €992,546 | -€68,882 | -6.5% |
| Fixed assets | 21/28 | €856,595 | €780,096 | -€76,499 | -8.9% |
| Tangible fixed assets | 22/27 | €856,595 | €780,096 | -€76,499 | -8.9% |
| Land and buildings | 22 | €856,595 | €780,096 | -€76,499 | -8.9% |
| Current assets | 29/58 | €204,833 | €212,450 | +€7,618 | +3.7% |
| Amounts receivable after more than one year | 29 | €185,000 | €185,000 | = | 0.0% |
| Other amounts receivable | 291 | €185,000 | €185,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45 | €2,469 | +€2,424 | +5386.5% |
| Trade receivables | 40 | €45 | €45 | = | 0.0% |
| Other amounts receivable | 41 | - | €2,424 | +€2,424 | |
| Cash at bank and in hand | 54/58 | €17,422 | €22,527 | +€5,105 | +29.3% |
| Deferred charges and accrued income | 490/1 | €2,366 | €2,454 | +€88 | +3.7% |
| Total equity and liabilities | 10/49 | €1,061,427 | €992,546 | -€68,882 | -6.5% |
| Equity | 10/15 | €292,381 | €293,858 | +€1,477 | +0.5% |
| Contributions | 10/11 | €130,966 | €130,966 | = | 0.0% |
| Reserves | 13 | €39,289 | €39,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,290 | €6,290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,290 | €6,290 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,999 | €32,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,126 | €123,603 | +€1,477 | +1.2% |
| Amounts payable | 17/49 | €769,047 | €698,688 | -€70,359 | -9.1% |
| Amounts payable after more than one year | 17 | €579,751 | €498,090 | -€81,660 | -14.1% |
| Financial debts | 170/4 | €579,751 | €498,090 | -€81,660 | -14.1% |
| Amounts payable within one year | 42/48 | €97,747 | €130,160 | +€32,413 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €93,824 | €81,660 | -€12,163 | -13.0% |
| Trade debts | 44 | €2,543 | €2,529 | -€14 | -0.6% |
| Suppliers | 440/4 | €2,543 | €2,529 | -€14 | -0.6% |
| Taxes, remuneration and social security | 45 | €971 | €971 | = | 0.0% |
| Taxes | 450/3 | €971 | €971 | = | 0.0% |
| Other amounts payable | 47/48 | €409 | €45,000 | +€44,591 | +10897.1% |
| Accrued charges and deferred income | 492/3 | €91,549 | €70,437 | -€21,112 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,079 | €76,499 | -€580 | -0.8% |
| Other operating charges | 640/8 | €16,493 | €17,040 | +€547 | +3.3% |
| Gross operating margin | 9900 | €168,476 | €174,475 | +€5,999 | +3.6% |
| Operating profit (loss) | 9901 | €74,904 | €80,936 | +€6,032 | +8.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €20,849 | €18,888 | -€1,961 | -9.4% |
| Recurring financial charges | 65 | €20,849 | €18,888 | -€1,961 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €54,055 | €62,053 | +€7,998 | +14.8% |
| Income taxes | 67/77 | €13,788 | €15,576 | +€1,788 | +13.0% |
| Profit (loss) for the period | 9904 | €40,267 | €46,477 | +€6,210 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,267 | €46,477 | +€6,210 | +15.4% |
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 29 September 2026 via checked.be.