IMMO D'HEYGERE: 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.
IMMO D'HEYGERE
Largest movements
- Cash +€203,633
up €203,633 (+236%), from €86,168 to €289,801
mainly Net result for the year (+€243,411) and Depreciation (+€29,486)
- Tangible fixed assets -€28,086
down €28,086 (-14.0%), from €200,107 to €172,021
of which Land and buildings: -€14,507
- Current investments +€21,346
up €21,346 (+1.8%), from €1.2m to €1.2m
- Reserves +€243,411
up €243,411 (+20.0%), from €1.2m to €1.5m
of which Distributable reserves: +€243,411
- Tax, wage and social debts -€34,369
down €34,369 (-36.2%), from €94,830 to €60,460
- Gross operating margin +€27,978
up €27,978 (+8.0%), from €351,732 to €379,710
- Depreciation +€10,059
up €10,059 (+51.8%), from €19,428 to €29,486
- Taxes +€6,366
up €6,366 (+5.7%), from €111,516 to €117,882
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 | €1,505,142 | €1,717,696 | +€212,555 | +14.1% |
| Fixed assets | 21/28 | €200,107 | €172,021 | -€28,086 | -14.0% |
| Tangible fixed assets | 22/27 | €200,107 | €172,021 | -€28,086 | -14.0% |
| Land and buildings | 22 | €131,905 | €117,399 | -€14,507 | -11.0% |
| Furniture and vehicles | 24 | €68,202 | €54,622 | -€13,580 | -19.9% |
| Current assets | 29/58 | €1,305,034 | €1,545,676 | +€240,641 | +18.4% |
| Amounts receivable within one year | 40/41 | €10,195 | €9,502 | -€694 | -6.8% |
| Other amounts receivable | 41 | €10,195 | €9,502 | -€694 | -6.8% |
| Current investments | 50/53 | €1,208,671 | €1,230,017 | +€21,346 | +1.8% |
| Cash at bank and in hand | 54/58 | €86,168 | €289,801 | +€203,633 | +236% |
| Deferred charges and accrued income | 490/1 | €0 | €16,356 | +€16,356 | |
| Total equity and liabilities | 10/49 | €1,505,142 | €1,717,696 | +€212,555 | +14.1% |
| Equity | 10/15 | €1,226,889 | €1,470,299 | +€243,411 | +19.8% |
| Contributions | 10/11 | €12,678 | €12,678 | = | 0.0% |
| Reserves | 13 | €1,214,210 | €1,457,621 | +€243,411 | +20.0% |
| Tax-exempt reserves | 132 | €16,595 | €16,595 | = | 0.0% |
| Distributable reserves | 133 | €1,197,616 | €1,441,026 | +€243,411 | +20.3% |
| Amounts payable | 17/49 | €278,253 | €247,397 | -€30,856 | -11.1% |
| Amounts payable within one year | 42/48 | €268,103 | €238,347 | -€29,757 | -11.1% |
| Trade debts | 44 | €2,068 | €0 | -€2,068 | -100% |
| Suppliers | 440/4 | €2,068 | €0 | -€2,068 | -100% |
| Taxes, remuneration and social security | 45 | €94,830 | €60,460 | -€34,369 | -36.2% |
| Taxes | 450/3 | €94,830 | €60,460 | -€34,369 | -36.2% |
| Other amounts payable | 47/48 | €171,205 | €177,886 | +€6,681 | +3.9% |
| Accrued charges and deferred income | 492/3 | €10,150 | €9,050 | -€1,099 | -10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,428 | €29,486 | +€10,059 | +51.8% |
| Other operating charges | 640/8 | €1,384 | €1,961 | +€578 | +41.7% |
| Gross operating margin | 9900 | €351,732 | €379,710 | +€27,978 | +8.0% |
| Operating profit (loss) | 9901 | €330,921 | €348,262 | +€17,342 | +5.2% |
| Financial income | 75/76B | €26,650 | €25,502 | -€1,148 | -4.3% |
| Recurring financial income | 75 | €26,650 | €25,502 | -€1,148 | -4.3% |
| Financial charges | 65/66B | €14,037 | €12,471 | -€1,566 | -11.2% |
| Recurring financial charges | 65 | €14,037 | €12,471 | -€1,566 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €343,533 | €361,293 | +€17,760 | +5.2% |
| Income taxes | 67/77 | €111,516 | €117,882 | +€6,366 | +5.7% |
| Profit (loss) for the period | 9904 | €232,017 | €243,411 | +€11,394 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €232,017 | €243,411 | +€11,394 | +4.9% |
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 23 October 2026 via checked.be.