HPQ 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.
HPQ IMMO
Largest movements
- Stocks and contracts +€434,723
up €434,723 (+186.1%), from €233,572 to €668,295
- Financial fixed assets -€350,000
no longer reported in 2025 (was €350,000)
- Receivables within one year -€45,529
down €45,529 (-96.1%), from €47,381 to €1,852
- Cash -€9,160
down €9,160 (-69.6%), from €13,164 to €4,004
mainly Stocks and contracts (-€434,723) and Net result for the year (-€4,292)
- Other debts +€38,373
up €38,373 (+39.5%), from €97,050 to €135,423
- Gross operating margin -€2,262
down €2,262 (-192.2%), from -€1,177 to -€3,438
- Financial income -€499
down €499 (-92.5%), from €540 to €40
- Other operating charges +€173
up €173 (+30.3%), from €570 to €743
- Financial charges +€106
up €106 (+229.5%), from €46 to €152
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 | €644,203 | €679,243 | +€35,040 | +5.4% |
| Fixed assets | 21/28 | €350,000 | €5,039 | -€344,961 | -98.6% |
| Tangible fixed assets | 22/27 | - | €5,039 | +€5,039 | |
| Plant, machinery and equipment | 23 | - | €2,048 | +€2,048 | |
| Furniture and vehicles | 24 | - | €2,991 | +€2,991 | |
| Financial fixed assets | 28 | €350,000 | - | -€350,000 | |
| Current assets | 29/58 | €294,203 | €674,204 | +€380,001 | +129.2% |
| Stocks and contracts in progress | 3 | €233,572 | €668,295 | +€434,723 | +186.1% |
| Stocks | 30/36 | €233,572 | €668,295 | +€434,723 | +186.1% |
| Amounts receivable within one year | 40/41 | €47,381 | €1,852 | -€45,529 | -96.1% |
| Other amounts receivable | 41 | €47,381 | €1,852 | -€45,529 | -96.1% |
| Current investments | 50/53 | - | €53 | +€53 | |
| Cash at bank and in hand | 54/58 | €13,164 | €4,004 | -€9,160 | -69.6% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €644,203 | €679,243 | +€35,040 | +5.4% |
| Equity | 10/15 | -€2,847 | -€7,139 | -€4,292 | -150.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,347 | -€8,639 | -€4,292 | -98.7% |
| Amounts payable | 17/49 | €647,050 | €686,382 | +€39,332 | +6.1% |
| Amounts payable after more than one year | 17 | €550,000 | €550,000 | = | 0.0% |
| Financial debts | 170/4 | €550,000 | €550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,050 | €136,382 | +€39,332 | +40.5% |
| Trade debts | 44 | - | €960 | +€960 | |
| Suppliers | 440/4 | - | €960 | +€960 | |
| Other amounts payable | 47/48 | €97,050 | €135,423 | +€38,373 | +39.5% |
| Other operating charges | 640/8 | €570 | €743 | +€173 | +30.3% |
| Gross operating margin | 9900 | -€1,177 | -€3,438 | -€2,262 | -192.2% |
| Operating profit (loss) | 9901 | -€1,747 | -€4,181 | -€2,434 | -139.3% |
| Financial income | 75/76B | €540 | €40 | -€499 | -92.5% |
| Recurring financial income | 75 | €540 | €40 | -€499 | -92.5% |
| Financial charges | 65/66B | €46 | €152 | +€106 | +229.5% |
| Recurring financial charges | 65 | €46 | €152 | +€106 | +229.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,253 | -€4,292 | -€3,039 | -242.5% |
| Profit (loss) for the period | 9904 | -€1,253 | -€4,292 | -€3,039 | -242.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,253 | -€4,292 | -€3,039 | -242.5% |
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 7 October 2026 via checked.be.