HSK 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.
HSK IMMO
Largest movements
- Tangible fixed assets -€4,775
down €4,775 (-3.1%), from €153,076 to €148,301
- Debts after one year -€21,930
down €21,930 (-21.1%), from €103,835 to €81,906
of which Financial debts: -€21,930
- Other debts +€12,650
up €12,650 (+59.7%), from €21,191 to €33,841
- Profit (loss) carried forward +€4,472
up €4,472 (+59.1%), from -€7,560 to -€3,088
- Gross operating margin +€993
up €993 (+7.1%), from €13,897 to €14,890
- Financial charges -€988
down €988 (-19.5%), from €5,069 to €4,081
- Other operating charges -€789
down €789 (-33.5%), from €2,354 to €1,566
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 | €158,757 | €154,471 | -€4,286 | -2.7% |
| Fixed assets | 21/28 | €153,076 | €148,301 | -€4,775 | -3.1% |
| Tangible fixed assets | 22/27 | €153,076 | €148,301 | -€4,775 | -3.1% |
| Land and buildings | 22 | €153,076 | €148,301 | -€4,775 | -3.1% |
| Current assets | 29/58 | €5,681 | €6,170 | +€489 | +8.6% |
| Cash at bank and in hand | 54/58 | €453 | €972 | +€519 | +114.7% |
| Deferred charges and accrued income | 490/1 | €5,228 | €5,198 | -€30 | -0.6% |
| Total equity and liabilities | 10/49 | €158,757 | €154,471 | -€4,286 | -2.7% |
| Equity | 10/15 | €11,230 | €15,701 | +€4,472 | +39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189 | €189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €189 | €189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €189 | €189 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,560 | -€3,088 | +€4,472 | +59.1% |
| Amounts payable | 17/49 | €147,527 | €138,769 | -€8,758 | -5.9% |
| Amounts payable after more than one year | 17 | €103,835 | €81,906 | -€21,930 | -21.1% |
| Financial debts | 170/4 | €62,117 | €40,187 | -€21,930 | -35.3% |
| Other amounts payable | 178/9 | €41,719 | €41,719 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,668 | €55,842 | +€13,174 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €20,831 | €21,930 | +€1,099 | +5.3% |
| Financial debts | 43 | €576 | - | -€576 | |
| Credit institutions | 430/8 | €576 | - | -€576 | |
| Trade debts | 44 | €71 | €71 | = | 0.0% |
| Suppliers | 440/4 | €71 | €71 | = | 0.0% |
| Other amounts payable | 47/48 | €21,191 | €33,841 | +€12,650 | +59.7% |
| Accrued charges and deferred income | 492/3 | €1,023 | €1,022 | -€2 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,775 | €4,775 | = | 0.0% |
| Other operating charges | 640/8 | €2,354 | €1,566 | -€789 | -33.5% |
| Gross operating margin | 9900 | €13,897 | €14,890 | +€993 | +7.1% |
| Operating profit (loss) | 9901 | €6,768 | €8,549 | +€1,781 | +26.3% |
| Financial income | 75/76B | €5 | €3 | -€2 | -38.2% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -38.2% |
| Financial charges | 65/66B | €5,069 | €4,081 | -€988 | -19.5% |
| Recurring financial charges | 65 | €5,069 | €4,081 | -€988 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,704 | €4,472 | +€2,768 | +162.4% |
| Profit (loss) for the period | 9904 | €1,704 | €4,472 | +€2,768 | +162.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,704 | €4,472 | +€2,768 | +162.4% |
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.