HS Immo: 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.
HS Immo
Largest movements
- Cash -€1,311
down €1,311 (-12.1%), from €10,791 to €9,480
mainly Net result for the year (-€34,945) and Receivables within one year (-€1,285)
- Receivables within one year +€1,285
up €1,285 (+4.4%), from €29,392 to €30,676
- Profit (loss) carried forward -€34,945
down €34,945 (-7.8%), from -€447,571 to -€482,516
- Trade debts +€33,705
up €33,705 (+25.0%), from €134,991 to €168,696
- Accrued charges and deferred income +€1,275
new in 2025: €1,275
- Financial income +€13,566
up €13,566 (+122.1%), from €11,106 to €24,672
of which Non-recurring financial income: +€13,505
- Financial charges -€6,583
down €6,583 (-79.7%), from €8,258 to €1,675
- Gross operating margin -€5,670
down €5,670 (-15.9%), from -€35,735 to -€41,405
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 | €41,468 | €41,503 | +€35 | +0.1% |
| Current assets | 29/58 | €41,468 | €41,503 | +€35 | +0.1% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,392 | €30,676 | +€1,285 | +4.4% |
| Other amounts receivable | 41 | €29,392 | €30,676 | +€1,285 | +4.4% |
| Cash at bank and in hand | 54/58 | €10,791 | €9,480 | -€1,311 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,285 | €1,345 | +€61 | +4.7% |
| Total equity and liabilities | 10/49 | €41,468 | €41,503 | +€35 | +0.1% |
| Equity | 10/15 | -€124,679 | -€159,624 | -€34,945 | -28.0% |
| Contributions | 10/11 | €142,000 | €142,000 | = | 0.0% |
| Capital | 10 | €142,000 | €142,000 | = | 0.0% |
| Issued capital | 100 | €142,000 | €142,000 | = | 0.0% |
| Reserves | 13 | €180,892 | €180,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €179,698 | €179,698 | = | 0.0% |
| Legal reserve | 130 | €179,698 | €179,698 | = | 0.0% |
| Distributable reserves | 133 | €1,194 | €1,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€447,571 | -€482,516 | -€34,945 | -7.8% |
| Amounts payable | 17/49 | €166,147 | €201,127 | +€34,980 | +21.1% |
| Amounts payable within one year | 42/48 | €166,147 | €199,852 | +€33,705 | +20.3% |
| Trade debts | 44 | €134,991 | €168,696 | +€33,705 | +25.0% |
| Suppliers | 440/4 | €134,991 | €168,696 | +€33,705 | +25.0% |
| Other amounts payable | 47/48 | €31,156 | €31,156 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,275 | +€1,275 | |
| Other operating charges | 640/8 | €597 | €723 | +€127 | +21.3% |
| Non-recurring operating charges | 66A | €50,000 | €15,813 | -€34,187 | -68.4% |
| Gross operating margin | 9900 | -€35,735 | -€41,405 | -€5,670 | -15.9% |
| Operating profit (loss) | 9901 | -€86,331 | -€57,942 | +€28,389 | +32.9% |
| Financial income | 75/76B | €11,106 | €24,672 | +€13,566 | +122.1% |
| Recurring financial income | 75 | €1,285 | €1,345 | +€61 | +4.7% |
| Non-recurring financial income | 76B | €9,821 | €23,326 | +€13,505 | +137.5% |
| Financial charges | 65/66B | €8,258 | €1,675 | -€6,583 | -79.7% |
| Recurring financial charges | 65 | €8,258 | €1,675 | -€6,583 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€83,484 | -€34,945 | +€48,538 | +58.1% |
| Profit (loss) for the period | 9904 | -€83,484 | -€34,945 | +€48,538 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,484 | -€34,945 | +€48,538 | +58.1% |
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 9 October 2026 via checked.be.