HTM Vastgoed: 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.
HTM Vastgoed
Largest movements
- Tangible fixed assets -€20,838
down €20,838 (-2.2%), from €934,729 to €913,891
- Debts after one year -€50,645
down €50,645 (-5.6%), from €907,667 to €857,022
- Profit (loss) carried forward +€34,792
up €34,792 (+42.3%), from -€82,162 to -€47,371
- Depreciation -€42,125
down €42,125 (-66.9%), from €62,963 to €20,838
- Gross operating margin +€41,327
up €41,327 (+96.3%), from €42,910 to €84,237
- Financial charges +€14,402
up €14,402 (+134.6%), from €10,701 to €25,103
- Other operating charges +€1,174
up €1,174 (+50.4%), from €2,330 to €3,504
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 | €937,417 | €915,899 | -€21,518 | -2.3% |
| Fixed assets | 21/28 | €934,729 | €913,891 | -€20,838 | -2.2% |
| Tangible fixed assets | 22/27 | €934,729 | €913,891 | -€20,838 | -2.2% |
| Land and buildings | 22 | €934,729 | €913,891 | -€20,838 | -2.2% |
| Current assets | 29/58 | €2,688 | €2,008 | -€680 | -25.3% |
| Cash at bank and in hand | 54/58 | €2,688 | €2,008 | -€680 | -25.3% |
| Total equity and liabilities | 10/49 | €937,417 | €915,899 | -€21,518 | -2.3% |
| Equity | 10/15 | -€75,862 | -€41,071 | +€34,792 | +45.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,162 | -€47,371 | +€34,792 | +42.3% |
| Amounts payable | 17/49 | €1,013,279 | €956,970 | -€56,309 | -5.6% |
| Amounts payable after more than one year | 17 | €907,667 | €857,022 | -€50,645 | -5.6% |
| Financial debts | 170/4 | €907,667 | €857,022 | -€50,645 | -5.6% |
| Amounts payable within one year | 42/48 | €105,612 | €99,948 | -€5,665 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €48,076 | €50,645 | +€2,569 | +5.3% |
| Trade debts | 44 | €189 | €197 | +€8 | +4.0% |
| Suppliers | 440/4 | €189 | €197 | +€8 | +4.0% |
| Other amounts payable | 47/48 | €57,348 | €49,107 | -€8,241 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,963 | €20,838 | -€42,125 | -66.9% |
| Other operating charges | 640/8 | €2,330 | €3,504 | +€1,174 | +50.4% |
| Gross operating margin | 9900 | €42,910 | €84,237 | +€41,327 | +96.3% |
| Operating profit (loss) | 9901 | -€22,384 | €59,895 | +€82,278 | |
| Financial charges | 65/66B | €10,701 | €25,103 | +€14,402 | +134.6% |
| Recurring financial charges | 65 | €10,701 | €25,103 | +€14,402 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,085 | €34,792 | +€67,876 | |
| Profit (loss) for the period | 9904 | -€33,085 | €34,792 | +€67,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,085 | €34,792 | +€67,876 |
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 10 October 2026 via checked.be.