HY 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.
HY IMMO
Largest movements
- Cash +€60,293
up €60,293 (+161%), from €37,471 to €97,763
mainly Net result for the year (+€58,983) and Depreciation (+€9,673)
- Tangible fixed assets -€9,471
down €9,471 (-30.8%), from €30,724 to €21,252
of which Leasing and similar rights: -€8,795
- Deferred charges and accrued income +€1,872
up €1,872 (+770%), from €243 to €2,116
- Reserves +€30,000
new in 2025: €30,000
- Profit (loss) carried forward +€28,983
up €28,983 (+33.1%), from €87,465 to €116,448
- Debts after one year -€6,240
down €6,240 (-38.8%), from €16,089 to €9,849
- Gross operating margin +€57,796
up €57,796 (+112%), from €51,550 to €109,346
- Taxes +€12,607
up €12,607 (+126%), from €10,032 to €22,639
- Staff costs +€10,262
up €10,262 (+456%), from €2,249 to €12,512
- Financial charges +€2,249
up €2,249 (+192%), from €1,170 to €3,419
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.
Derived cash bridge
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 | €128,860 | €180,298 | +€51,438 | +39.9% |
| Formation expenses | 20 | €202 | - | -€202 | |
| Fixed assets | 21/28 | €30,724 | €21,252 | -€9,471 | -30.8% |
| Tangible fixed assets | 22/27 | €30,724 | €21,252 | -€9,471 | -30.8% |
| Furniture and vehicles | 24 | €645 | €402 | -€244 | -37.7% |
| Leasing and similar rights | 25 | €26,625 | €17,830 | -€8,795 | -33.0% |
| Other tangible fixed assets | 26 | €3,454 | €3,020 | -€433 | -12.5% |
| Current assets | 29/58 | €97,935 | €159,046 | +€61,111 | +62.4% |
| Amounts receivable within one year | 40/41 | €60,221 | €59,167 | -€1,054 | -1.8% |
| Trade receivables | 40 | €22,621 | €12,157 | -€10,464 | -46.3% |
| Other amounts receivable | 41 | €37,601 | €47,011 | +€9,410 | +25.0% |
| Cash at bank and in hand | 54/58 | €37,471 | €97,763 | +€60,293 | +161% |
| Deferred charges and accrued income | 490/1 | €243 | €2,116 | +€1,872 | +770% |
| Total equity and liabilities | 10/49 | €128,860 | €180,298 | +€51,438 | +39.9% |
| Equity | 10/15 | €95,525 | €154,508 | +€58,983 | +61.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €87,465 | €116,448 | +€28,983 | +33.1% |
| Amounts payable | 17/49 | €33,335 | €25,790 | -€7,546 | -22.6% |
| Amounts payable after more than one year | 17 | €16,089 | €9,849 | -€6,240 | -38.8% |
| Financial debts | 170/4 | €16,089 | €9,849 | -€6,240 | -38.8% |
| Amounts payable within one year | 42/48 | €17,247 | €15,941 | -€1,306 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €6,742 | €6,190 | -€552 | -8.2% |
| Financial debts | 43 | €672 | - | -€672 | |
| Credit institutions | 430/8 | €672 | - | -€672 | |
| Trade debts | 44 | €5,293 | €6,586 | +€1,294 | +24.4% |
| Suppliers | 440/4 | €5,293 | €6,586 | +€1,294 | +24.4% |
| Taxes, remuneration and social security | 45 | €4,539 | €3,165 | -€1,375 | -30.3% |
| Taxes | 450/3 | €3,908 | €3,000 | -€908 | -23.2% |
| Remuneration and social security | 454/9 | €632 | €165 | -€467 | -74.0% |
| Remuneration, social security and pensions | 62 | €2,249 | €12,512 | +€10,262 | +456% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,673 | €9,673 | = | 0.0% |
| Other operating charges | 640/8 | €1,076 | €2,119 | +€1,043 | +96.9% |
| Gross operating margin | 9900 | €51,550 | €109,346 | +€57,796 | +112% |
| Operating profit (loss) | 9901 | €38,551 | €85,042 | +€46,491 | +121% |
| Financial charges | 65/66B | €1,170 | €3,419 | +€2,249 | +192% |
| Recurring financial charges | 65 | €1,170 | €3,419 | +€2,249 | +192% |
| Profit (loss) for the period before taxes | 9903 | €37,381 | €81,622 | +€44,242 | +118% |
| Income taxes | 67/77 | €10,032 | €22,639 | +€12,607 | +126% |
| Profit (loss) for the period | 9904 | €27,349 | €58,983 | +€31,634 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €27,349 | €58,983 | +€31,634 | +116% |
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 29 October 2026 via checked.be.