HORIMMO: 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.
HORIMMO
Largest movements
- Receivables within one year +€24,323
up €24,323 (+2.5%), from €976,030 to €1.0m
- Cash +€14,059
up €14,059 (+69.2%), from €20,309 to €34,369
mainly Net result for the year (+€29,156) and Depreciation (+€12,465)
- Tangible fixed assets -€12,465
down €12,465 (-43.7%), from €28,532 to €16,067
of which Land and buildings: -€11,831
- Reserves +€24,322
up €24,322 (+2.5%), from €979,868 to €1.0m
- Financial income -€9,349
down €9,349 (-27.8%), from €33,671 to €24,322
- Gross operating margin +€2,122
up €2,122 (+7.0%), from €30,308 to €32,429
- Taxes -€1,655
down €1,655 (-14.2%), from €11,655 to €10,000
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 | €1,024,871 | €1,050,788 | +€25,917 | +2.5% |
| Fixed assets | 21/28 | €28,532 | €16,067 | -€12,465 | -43.7% |
| Tangible fixed assets | 22/27 | €28,532 | €16,067 | -€12,465 | -43.7% |
| Land and buildings | 22 | €27,567 | €15,736 | -€11,831 | -42.9% |
| Furniture and vehicles | 24 | €965 | €330 | -€635 | -65.8% |
| Current assets | 29/58 | €996,339 | €1,034,721 | +€38,382 | +3.9% |
| Amounts receivable within one year | 40/41 | €976,030 | €1,000,353 | +€24,323 | +2.5% |
| Other amounts receivable | 41 | €976,030 | €1,000,353 | +€24,323 | +2.5% |
| Cash at bank and in hand | 54/58 | €20,309 | €34,369 | +€14,059 | +69.2% |
| Total equity and liabilities | 10/49 | €1,024,871 | €1,050,788 | +€25,917 | +2.5% |
| Equity | 10/15 | €1,017,480 | €1,046,635 | +€29,156 | +2.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €979,868 | €1,004,190 | +€24,322 | +2.5% |
| Non-distributable reserves | 130/1 | €979,868 | €1,004,190 | +€24,322 | +2.5% |
| Legal reserve | 130 | €979,868 | €6,197 | -€973,671 | -99.4% |
| Reserves not available under the articles | 1311 | - | €997,993 | +€997,993 | |
| Profit (loss) carried forward | 14 | -€24,362 | -€19,528 | +€4,833 | +19.8% |
| Amounts payable | 17/49 | €7,391 | €4,153 | -€3,239 | -43.8% |
| Amounts payable after more than one year | 17 | €555 | €555 | = | 0.0% |
| Other amounts payable | 178/9 | €555 | €555 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,259 | - | -€5,259 | |
| Trade debts | 44 | €5,259 | - | -€5,259 | |
| Suppliers | 440/4 | €5,259 | - | -€5,259 | |
| Accrued charges and deferred income | 492/3 | €1,578 | €3,598 | +€2,020 | +128.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,465 | €12,465 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,810 | €4,962 | +€152 | +3.2% |
| Gross operating margin | 9900 | €30,308 | €32,429 | +€2,122 | +7.0% |
| Operating profit (loss) | 9901 | €13,033 | €15,002 | +€1,969 | +15.1% |
| Financial income | 75/76B | €33,671 | €24,322 | -€9,349 | -27.8% |
| Recurring financial income | 75 | €33,671 | €24,322 | -€9,349 | -27.8% |
| Financial charges | 65/66B | €140 | €169 | +€29 | +20.7% |
| Recurring financial charges | 65 | €140 | €169 | +€29 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €46,563 | €39,155 | -€7,408 | -15.9% |
| Income taxes | 67/77 | €11,655 | €10,000 | -€1,655 | -14.2% |
| Profit (loss) for the period | 9904 | €34,908 | €29,156 | -€5,753 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,908 | €29,156 | -€5,753 | -16.5% |
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.