HOMIBEL: 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
HOMIBEL
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40,153
2024 · -€41,782+€1,630
Equity
€2.2m
2024 · €2.2m-€40,153
Cash
€225,486
2024 · €136,069+€89,417
Balance sheet total
€2.5m
2024 · €2.4m+€23,867
Largest movements
Assets
- Current investments -€403,300
down €403,300 (-51.3%), from €786,853 to €383,553
- Tangible fixed assets +€345,914
up €345,914 (+23.1%), from €1.5m to €1.8m
of which Land and buildings: +€394,612
- Cash +€89,417
up €89,417 (+65.7%), from €136,069 to €225,486
mainly Current investments (+€403,300) and Depreciation (+€134,311)
Equity and liabilities
- Trade debts +€57,954
up €57,954 (+2,423%), from €2,392 to €60,346
- Reserves -€40,153
down €40,153 (-2.8%), from €1.4m to €1.4m
of which Distributable reserves: -€26,612
Income statement
- Gross operating margin +€34,908
up €34,908 (+42.1%), from €82,822 to €117,730
- Depreciation +€26,914
up €26,914 (+25.1%), from €107,397 to €134,311
- Financial income -€7,543
down €7,543 (-50.3%), from €14,987 to €7,444
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
-€41,782
Gross operating margin
+€34,908
Depreciation
-€26,914
Other operating charges
-€682
Financial income
-€7,543
Financial charges
+€551
Taxes
-€110
Deferred taxes and other
+€1,420
Result 2025
-€40,153
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
+€183,178
Investment
-€76,925
Financing
-€16,836
Cash 2024
€136,069
From operations (derived)
+€183,178
Net result for the year
-€40,153
Depreciation
+€134,311
Receivables within one year
+€264
Deferred charges and accrued income
+€7,901
Provisions
-€4,514
Trade debts
+€57,954
Tax, wage and social debts
+€8,031
Other debts
+€19,384
Investment (derived)
-€76,925
Investment in fixed assets (net)
-€480,225
Current investments
+€403,300
Financing
-€16,836
Debts after one year
-€13,108
Current portion of long-term debt
-€3,728
Cash 2025
€225,486
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,436,036 | €2,459,902 | +€23,867 | +1.0% |
| Fixed assets | 21/28 | €1,496,815 | €1,842,729 | +€345,914 | +23.1% |
| Tangible fixed assets | 22/27 | €1,496,444 | €1,842,358 | +€345,914 | +23.1% |
| Land and buildings | 22 | €454,106 | €848,718 | +€394,612 | +86.9% |
| Furniture and vehicles | 24 | €93,048 | €55,698 | -€37,349 | -40.1% |
| Other tangible fixed assets | 26 | €949,290 | €937,941 | -€11,348 | -1.2% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €939,220 | €617,173 | -€322,047 | -34.3% |
| Amounts receivable within one year | 40/41 | €4,436 | €4,172 | -€264 | -5.9% |
| Trade receivables | 40 | €436 | €652 | +€217 | +49.7% |
| Other amounts receivable | 41 | €4,000 | €3,520 | -€480 | -12.0% |
| Current investments | 50/53 | €786,853 | €383,553 | -€403,300 | -51.3% |
| Cash at bank and in hand | 54/58 | €136,069 | €225,486 | +€89,417 | +65.7% |
| Deferred charges and accrued income | 490/1 | €11,863 | €3,963 | -€7,901 | -66.6% |
| Total equity and liabilities | 10/49 | €2,436,036 | €2,459,902 | +€23,867 | +1.0% |
| Equity | 10/15 | €2,223,423 | €2,183,271 | -€40,153 | -1.8% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €1,423,423 | €1,383,271 | -€40,153 | -2.8% |
| Non-distributable reserves | 130/1 | €134,100 | €134,100 | = | 0.0% |
| Legal reserve | 130 | €134,100 | €134,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €457,227 | €443,686 | -€13,541 | -3.0% |
| Distributable reserves | 133 | €832,097 | €805,485 | -€26,612 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €148,105 | €143,591 | -€4,514 | -3.0% |
| Deferred taxes | 168 | €148,105 | €143,591 | -€4,514 | -3.0% |
| Amounts payable | 17/49 | €64,508 | €133,041 | +€68,533 | +106% |
| Amounts payable after more than one year | 17 | €13,604 | €496 | -€13,108 | -96.4% |
| Financial debts | 170/4 | €13,108 | €0 | -€13,108 | -100% |
| Other amounts payable | 178/9 | €496 | €496 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,904 | €132,545 | +€81,641 | +160% |
| Current portion of amounts payable after more than one year | 42 | €16,836 | €13,108 | -€3,728 | -22.1% |
| Trade debts | 44 | €2,392 | €60,346 | +€57,954 | +2,423% |
| Suppliers | 440/4 | €2,392 | €60,346 | +€57,954 | +2,423% |
| Taxes, remuneration and social security | 45 | €2,698 | €10,729 | +€8,031 | +298% |
| Taxes | 450/3 | €2,698 | €10,729 | +€8,031 | +298% |
| Other amounts payable | 47/48 | €28,978 | €48,362 | +€19,384 | +66.9% |
| Non-recurring operating income | 76A | €2,032 | €11,258 | +€9,226 | +454% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,397 | €134,311 | +€26,914 | +25.1% |
| Other operating charges | 640/8 | €32,757 | €33,438 | +€682 | +2.1% |
| Gross operating margin | 9900 | €82,822 | €117,730 | +€34,908 | +42.1% |
| Operating profit (loss) | 9901 | -€57,331 | -€50,020 | +€7,312 | +12.8% |
| Financial income | 75/76B | €14,987 | €7,444 | -€7,543 | -50.3% |
| Recurring financial income | 75 | €14,987 | €7,444 | -€7,543 | -50.3% |
| Financial charges | 65/66B | €2,080 | €1,529 | -€551 | -26.5% |
| Recurring financial charges | 65 | €2,080 | €1,529 | -€551 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,424 | -€44,104 | +€320 | +0.7% |
| Transfer from deferred taxes | 780 | €3,094 | €4,514 | +€1,420 | +45.9% |
| Income taxes | 67/77 | €453 | €562 | +€110 | +24.2% |
| Profit (loss) for the period | 9904 | -€41,782 | -€40,153 | +€1,630 | +3.9% |
| Transfer from tax-exempt reserves | 789 | €9,282 | €13,541 | +€4,259 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,501 | -€26,612 | +€5,889 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.