HIMASTE: what changed
What changed
HIMASTE
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€78,424
2024 · -€15,868+€94,292
Equity
€2.1m
2024 · €2.0m+€78,424
Cash
€220,796
2024 · €63,630+€157,166
Balance sheet total
€5.0m
2024 · €5.0m+€57,057
Largest movements
Assets
- Cash +€157,166
up €157,166 (+247%), from €63,630 to €220,796
mainly Depreciation (+€104,085) and Net result for the year (+€78,424)
- Tangible fixed assets -€104,085
down €104,085 (-2.2%), from €4.7m to €4.6m
Equity and liabilities
- Short-term financial debts -€150,000
down €150,000 (-26.4%), from €569,150 to €419,150
- Accrued charges and deferred income +€61,616
up €61,616 (+1,821%), from €3,384 to €65,000
- Reserves +€59,634
up €59,634 (+3.1%), from €2.0m to €2.0m
of which Distributable reserves: +€100,000
Income statement
- Gross operating margin +€161,910
up €161,910 (+93.7%), from €172,772 to €334,682
- Financial charges +€98,422
up €98,422 (+2,514%), from €3,915 to €102,337
- Depreciation -€60,742
down €60,742 (-36.9%), from €164,827 to €104,085
- Purchases and services -€29,332
no longer reported in 2025 (was €29,332)
- Taxes +€27,000
up €27,000 (+300%), from €9,000 to €36,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€15,868
Gross operating margin
+€161,910
Depreciation
+€60,742
Other operating charges
-€11,287
Financial charges
-€98,422
Taxes
-€27,000
Deferred taxes and other
+€8,349
Result 2025
€78,424
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€307,166
Investment
€0
Financing
-€150,000
Cash 2024
€63,630
From operations (derived)
+€307,166
Net result for the year
+€78,424
Depreciation
+€104,085
Deferred charges and accrued income
-€3,977
Provisions
-€13,457
Trade debts
+€35,474
Tax, wage and social debts
+€45,000
Accrued charges and deferred income
+€61,616
Financing
-€150,000
Short-term financial debts
-€150,000
Cash 2025
€220,796
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,986,876 | €5,043,933 | +€57,057 | +1.1% |
| Fixed assets | 21/28 | €4,921,754 | €4,817,669 | -€104,085 | -2.1% |
| Tangible fixed assets | 22/27 | €4,741,504 | €4,637,419 | -€104,085 | -2.2% |
| Land and buildings | 22 | €4,741,504 | €4,637,419 | -€104,085 | -2.2% |
| Financial fixed assets | 28 | €180,250 | €180,250 | = | 0.0% |
| Current assets | 29/58 | €65,121 | €226,264 | +€161,142 | +247% |
| Cash at bank and in hand | 54/58 | €63,630 | €220,796 | +€157,166 | +247% |
| Deferred charges and accrued income | 490/1 | €1,491 | €5,468 | +€3,977 | +267% |
| Total equity and liabilities | 10/49 | €4,986,876 | €5,043,933 | +€57,057 | +1.1% |
| Equity | 10/15 | €2,036,536 | €2,114,959 | +€78,424 | +3.9% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €1,954,987 | €2,014,621 | +€59,634 | +3.1% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,097,787 | €1,057,421 | -€40,366 | -3.7% |
| Distributable reserves | 133 | €850,000 | €950,000 | +€100,000 | +11.8% |
| Profit (loss) carried forward | 14 | €9,549 | €28,338 | +€18,789 | +197% |
| Provisions and deferred taxes | 16 | €365,523 | €352,065 | -€13,457 | -3.7% |
| Deferred taxes | 168 | €365,523 | €352,065 | -€13,457 | -3.7% |
| Amounts payable | 17/49 | €2,584,817 | €2,576,908 | -€7,909 | -0.3% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Other amounts payable | 178/9 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,569,434 | €2,499,908 | -€69,526 | -2.7% |
| Financial debts | 43 | €569,150 | €419,150 | -€150,000 | -26.4% |
| Other loans | 439 | €569,150 | €419,150 | -€150,000 | -26.4% |
| Trade debts | 44 | €284 | €35,758 | +€35,474 | +12,498% |
| Suppliers | 440/4 | €284 | €35,758 | +€35,474 | +12,498% |
| Taxes, remuneration and social security | 45 | - | €45,000 | +€45,000 | |
| Taxes | 450/3 | - | €45,000 | +€45,000 | |
| Other amounts payable | 47/48 | €2,000,000 | €2,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,384 | €65,000 | +€61,616 | +1,821% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,332 | - | -€29,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,827 | €104,085 | -€60,742 | -36.9% |
| Other operating charges | 640/8 | €16,007 | €27,294 | +€11,287 | +70.5% |
| Gross operating margin | 9900 | €172,772 | €334,682 | +€161,910 | +93.7% |
| Operating profit (loss) | 9901 | -€8,062 | €203,303 | +€211,365 | |
| Financial charges | 65/66B | €3,915 | €102,337 | +€98,422 | +2,514% |
| Recurring financial charges | 65 | €3,915 | €102,337 | +€98,422 | +2,514% |
| Profit (loss) for the period before taxes | 9903 | -€11,976 | €100,967 | +€112,943 | |
| Transfer from deferred taxes | 780 | €5,108 | €13,457 | +€8,349 | +163% |
| Income taxes | 67/77 | €9,000 | €36,000 | +€27,000 | +300% |
| Profit (loss) for the period | 9904 | -€15,868 | €78,424 | +€94,292 | |
| Transfer from tax-exempt reserves | 789 | €15,325 | €40,366 | +€25,041 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | -€543 | €118,789 | +€119,332 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.