Himmovar: 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.
What changed
Himmovar
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€162,871
2024 · €47,045+€115,826
Equity
€2.1m
2024 · €2.0m+€162,871
Cash
€3,157
2024 · €1,055+€2,101
Balance sheet total
€2.6m
2024 · €2.8m-€168,229
Largest movements
Assets
- Tangible fixed assets -€264,338
down €264,338 (-21.4%), from €1.2m to €972,403
- Receivables within one year +€77,712
up €77,712 (+9.4%), from €823,296 to €901,008
Equity and liabilities
- Other debts -€207,368
down €207,368 (-94.5%), from €219,355 to €11,987
- Reserves +€179,540
up €179,540 (+11.6%), from €1.5m to €1.7m
of which Distributable reserves: +€177,911
- Debts after one year -€107,310
down €107,310 (-39.7%), from €270,318 to €163,007
- Tax, wage and social debts +€32,111
up €32,111 (+76.6%), from €41,928 to €74,039
Income statement
- Gross operating margin +€113,447
up €113,447 (+88.5%), from €128,254 to €241,702
- Taxes +€32,111
up €32,111 (+76.6%), from €41,928 to €74,039
- Provisions -€18,365
new in 2025: -€18,365
- Financial charges -€14,079
down €14,079 (-54.4%), from €25,901 to €11,822
- Depreciation -€8,284
down €8,284 (-18.6%), from €44,608 to €36,324
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.
Result 2024
€47,045
Gross operating margin
+€113,447
Depreciation
+€8,284
Provisions
+€18,365
Other operating charges
+€1,599
Financial income
+€3,277
Financial charges
+€14,079
Taxes
-€32,111
Deferred taxes and other
-€11,114
Result 2025
€162,871
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€97,175
Investment
+€228,586
Financing
-€129,310
Cash 2024
€1,055
From operations (derived)
-€97,175
Net result for the year
+€162,871
Depreciation
+€36,324
Receivables after one year
-€12,448
Receivables within one year
-€77,712
Deferred charges and accrued income
-€4,420
Provisions
-€23,378
Trade debts
+€43
Tax, wage and social debts
+€32,111
Other debts
-€207,368
Accrued charges and deferred income
-€3,199
Investment (derived)
+€228,586
Investment in fixed assets (net)
+€228,586
Financing
-€129,310
Debts after one year
-€107,310
Current portion of long-term debt
-€22,000
Cash 2025
€3,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,758,766 | €2,590,537 | -€168,229 | -6.1% |
| Fixed assets | 21/28 | €1,237,314 | €972,403 | -€264,910 | -21.4% |
| Tangible fixed assets | 22/27 | €1,236,741 | €972,403 | -€264,338 | -21.4% |
| Land and buildings | 22 | €1,236,741 | €972,403 | -€264,338 | -21.4% |
| Financial fixed assets | 28 | €573 | €0 | -€573 | -100% |
| Current assets | 29/58 | €1,521,452 | €1,618,134 | +€96,681 | +6.4% |
| Amounts receivable after more than one year | 29 | €677,948 | €690,395 | +€12,448 | +1.8% |
| Trade receivables | 290 | €677,948 | - | -€677,948 | |
| Other amounts receivable | 291 | - | €690,395 | +€690,395 | |
| Amounts receivable within one year | 40/41 | €823,296 | €901,008 | +€77,712 | +9.4% |
| Other amounts receivable | 41 | €823,296 | €901,008 | +€77,712 | +9.4% |
| Cash at bank and in hand | 54/58 | €1,055 | €3,157 | +€2,101 | +199% |
| Deferred charges and accrued income | 490/1 | €19,153 | €23,573 | +€4,420 | +23.1% |
| Total equity and liabilities | 10/49 | €2,758,766 | €2,590,537 | -€168,229 | -6.1% |
| Equity | 10/15 | €1,951,265 | €2,114,136 | +€162,871 | +8.3% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Capital | 10 | €62,200 | €62,200 | = | 0.0% |
| Issued capital | 100 | €62,200 | €62,200 | = | 0.0% |
| Revaluation surpluses | 12 | €344,492 | €327,823 | -€16,669 | -4.8% |
| Reserves | 13 | €1,544,573 | €1,724,113 | +€179,540 | +11.6% |
| Non-distributable reserves | 130/1 | €707,612 | €724,281 | +€16,669 | +2.4% |
| Legal reserve | 130 | €21,736 | €21,736 | = | 0.0% |
| Reserves not available under the articles | 1311 | €685,876 | €702,545 | +€16,669 | +2.4% |
| Tax-exempt reserves | 132 | €378,683 | €363,644 | -€15,040 | -4.0% |
| Distributable reserves | 133 | €458,277 | €636,189 | +€177,911 | +38.8% |
| Provisions and deferred taxes | 16 | €195,394 | €172,016 | -€23,378 | -12.0% |
| Provisions for liabilities and charges | 160/5 | €70,116 | €51,751 | -€18,365 | -26.2% |
| Major repairs and maintenance | 162 | €70,116 | €51,751 | -€18,365 | -26.2% |
| Deferred taxes | 168 | €125,278 | €120,265 | -€5,013 | -4.0% |
| Amounts payable | 17/49 | €612,107 | €304,385 | -€307,722 | -50.3% |
| Amounts payable after more than one year | 17 | €270,318 | €163,007 | -€107,310 | -39.7% |
| Financial debts | 170/4 | €270,318 | €163,007 | -€107,310 | -39.7% |
| Amounts payable within one year | 42/48 | €334,844 | €137,630 | -€197,213 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €72,478 | €50,478 | -€22,000 | -30.4% |
| Trade debts | 44 | €1,084 | €1,126 | +€43 | +4.0% |
| Suppliers | 440/4 | €1,084 | €1,126 | +€43 | +4.0% |
| Taxes, remuneration and social security | 45 | €41,928 | €74,039 | +€32,111 | +76.6% |
| Taxes | 450/3 | €41,928 | €74,039 | +€32,111 | +76.6% |
| Other amounts payable | 47/48 | €219,355 | €11,987 | -€207,368 | -94.5% |
| Accrued charges and deferred income | 492/3 | €6,946 | €3,747 | -€3,199 | -46.0% |
| Non-recurring operating income | 76A | - | €166,986 | +€166,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,608 | €36,324 | -€8,284 | -18.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€18,365 | -€18,365 | |
| Other operating charges | 640/8 | €13,929 | €12,330 | -€1,599 | -11.5% |
| Gross operating margin | 9900 | €128,254 | €241,702 | +€113,447 | +88.5% |
| Operating profit (loss) | 9901 | €69,717 | €211,412 | +€141,695 | +203% |
| Financial income | 75/76B | €29,031 | €32,308 | +€3,277 | +11.3% |
| Recurring financial income | 75 | €29,031 | €32,308 | +€3,277 | +11.3% |
| Financial charges | 65/66B | €25,901 | €11,822 | -€14,079 | -54.4% |
| Recurring financial charges | 65 | €25,901 | €11,822 | -€14,079 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €72,846 | €231,897 | +€159,051 | +218% |
| Transfer from deferred taxes | 780 | €16,127 | €46,111 | +€29,984 | +186% |
| Transfer to deferred taxes | 680 | - | €41,098 | +€41,098 | |
| Income taxes | 67/77 | €41,928 | €74,039 | +€32,111 | +76.6% |
| Profit (loss) for the period | 9904 | €47,045 | €162,871 | +€115,826 | +246% |
| Transfer from tax-exempt reserves | 789 | €48,380 | €138,333 | +€89,953 | +186% |
| Transfer to tax-exempt reserves | 689 | - | €123,293 | +€123,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,426 | €177,911 | +€82,486 | +86.4% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.