HOEULES 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.
HOEULES Immo
Largest movements
- Cash +€31,473
up €31,473 (+452.6%), from €6,954 to €38,427
mainly Other debts (+€19,592) and Net result for the year (+€9,202)
- Tangible fixed assets -€7,775
down €7,775 (-4.0%), from €194,027 to €186,252
- Receivables within one year -€6,338
down €6,338 (-25.0%), from €25,338 to €19,000
of which Other amounts receivable: -€25,255
- Other debts +€19,592
new in 2025: €19,592
- Debts after one year -€11,933
down €11,933 (-8.4%), from €141,786 to €129,853
of which Financial debts: -€10,893
- Reserves +€9,202
up €9,202 (+16.9%), from €54,599 to €63,801
- Gross operating margin +€2,456
up €2,456 (+11.9%), from €20,634 to €23,090
- Financial income -€1,318
down €1,318 (-89.6%), from €1,472 to €153
- Depreciation -€1,028
down €1,028 (-11.7%), from €8,803 to €7,775
- Financial charges -€250
down €250 (-7.2%), from €3,485 to €3,236
of which Financial charges: -€265
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 | €226,350 | €243,714 | +€17,364 | +7.7% |
| Fixed assets | 21/28 | €194,027 | €186,252 | -€7,775 | -4.0% |
| Tangible fixed assets | 22/27 | €194,027 | €186,252 | -€7,775 | -4.0% |
| Land and buildings | 22 | €194,027 | €186,252 | -€7,775 | -4.0% |
| Current assets | 29/58 | €32,322 | €57,462 | +€25,139 | +77.8% |
| Amounts receivable within one year | 40/41 | €25,338 | €19,000 | -€6,338 | -25.0% |
| Trade receivables | 40 | €83 | €19,000 | +€18,917 | +22755.8% |
| Other amounts receivable | 41 | €25,255 | - | -€25,255 | |
| Cash at bank and in hand | 54/58 | €6,954 | €38,427 | +€31,473 | +452.6% |
| Deferred charges and accrued income | 490/1 | €30 | €34 | +€4 | +12.8% |
| Total equity and liabilities | 10/49 | €226,350 | €243,714 | +€17,364 | +7.7% |
| Equity | 10/15 | €73,199 | €82,401 | +€9,202 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,599 | €63,801 | +€9,202 | +16.9% |
| Distributable reserves | 133 | €54,599 | €63,801 | +€9,202 | +16.9% |
| Amounts payable | 17/49 | €153,150 | €161,313 | +€8,162 | +5.3% |
| Amounts payable after more than one year | 17 | €141,786 | €129,853 | -€11,933 | -8.4% |
| Financial debts | 170/4 | €138,501 | €127,608 | -€10,893 | -7.9% |
| Other amounts payable | 178/9 | €3,285 | €2,245 | -€1,040 | -31.7% |
| Amounts payable within one year | 42/48 | €11,365 | €31,460 | +€20,095 | +176.8% |
| Current portion of amounts payable after more than one year | 42 | €10,658 | €10,893 | +€235 | +2.2% |
| Trade debts | 44 | - | €55 | +€55 | |
| Suppliers | 440/4 | - | €55 | +€55 | |
| Taxes, remuneration and social security | 45 | €706 | €920 | +€214 | +30.3% |
| Taxes | 450/3 | €706 | €920 | +€214 | +30.3% |
| Other amounts payable | 47/48 | - | €19,592 | +€19,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,803 | €7,775 | -€1,028 | -11.7% |
| Other operating charges | 640/8 | €2,046 | €2,111 | +€64 | +3.2% |
| Gross operating margin | 9900 | €20,634 | €23,090 | +€2,456 | +11.9% |
| Operating profit (loss) | 9901 | €9,784 | €13,204 | +€3,420 | +35.0% |
| Financial income | 75/76B | €1,472 | €153 | -€1,318 | -89.6% |
| Recurring financial income | 75 | €1,472 | €153 | -€1,318 | -89.6% |
| Financial charges | 65/66B | €3,485 | €3,236 | -€250 | -7.2% |
| Recurring financial charges | 65 | €3,485 | €3,221 | -€265 | -7.6% |
| Non-recurring financial charges | 66B | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €7,771 | €10,122 | +€2,351 | +30.3% |
| Income taxes | 67/77 | €706 | €920 | +€214 | +30.3% |
| Profit (loss) for the period | 9904 | €7,064 | €9,202 | +€2,138 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,064 | €9,202 | +€2,138 | +30.3% |
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 3 October 2026 via checked.be.