IMMO DE HOEFSLAG: 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 DE HOEFSLAG
Largest movements
- Receivables within one year -€905,512
down €905,512 (-68.5%), from €1.3m to €416,056
of which Trade receivables: -€761,842
- Stocks and contracts -€600,540
down €600,540 (-39.8%), from €1.5m to €909,096
- Cash +€84,739
up €84,739 (+3,141%), from €2,697 to €87,437
mainly Receivables within one year (+€905,512) and Stocks and contracts (+€600,540)
- Advances received -€738,001
down €738,001 (-73.2%), from €1.0m to €270,000
- Current portion of long-term debt -€383,462
down €383,462 (-35.4%), from €1.1m to €698,411
- Reserves -€108,421
down €108,421 (-100%), from €108,421 to €0
- Profit (loss) carried forward -€83,628
new in 2025: -€83,628
- Trade debts -€78,956
down €78,956 (-35.8%), from €220,525 to €141,568
- Other operating charges +€37,396
up €37,396 (+469%), from €7,978 to €45,373
- Gross operating margin +€26,819
up €26,819 (+47.2%), from -€56,842 to -€30,023
- Financial charges -€14,953
down €14,953 (-14.7%), from €101,648 to €86,695
- Depreciation -€10,687
down €10,687 (-25.0%), from €42,757 to €32,071
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 | €3,819,037 | €2,387,793 | -€1.4m | -37.5% |
| Fixed assets | 21/28 | €873,016 | €840,945 | -€32,071 | -3.7% |
| Tangible fixed assets | 22/27 | €638,501 | €606,430 | -€32,071 | -5.0% |
| Land and buildings | 22 | €612,955 | €584,961 | -€27,994 | -4.6% |
| Plant, machinery and equipment | 23 | €442 | €88 | -€354 | -80.0% |
| Furniture and vehicles | 24 | €25,104 | €21,381 | -€3,723 | -14.8% |
| Financial fixed assets | 28 | €234,516 | €234,516 | = | 0.0% |
| Current assets | 29/58 | €2,946,021 | €1,546,848 | -€1.4m | -47.5% |
| Amounts receivable after more than one year | 29 | €106,700 | €129,595 | +€22,895 | +21.5% |
| Other amounts receivable | 291 | €106,700 | €129,595 | +€22,895 | +21.5% |
| Stocks and contracts in progress | 3 | €1,509,636 | €909,096 | -€600,540 | -39.8% |
| Stocks | 30/36 | €1,509,636 | €909,096 | -€600,540 | -39.8% |
| Amounts receivable within one year | 40/41 | €1,321,568 | €416,056 | -€905,512 | -68.5% |
| Trade receivables | 40 | €1,143,295 | €381,453 | -€761,842 | -66.6% |
| Other amounts receivable | 41 | €178,274 | €34,603 | -€143,671 | -80.6% |
| Cash at bank and in hand | 54/58 | €2,697 | €87,437 | +€84,739 | +3,141% |
| Deferred charges and accrued income | 490/1 | €5,418 | €4,663 | -€755 | -13.9% |
| Total equity and liabilities | 10/49 | €3,819,037 | €2,387,793 | -€1.4m | -37.5% |
| Equity | 10/15 | €427,021 | €234,972 | -€192,048 | -45.0% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €108,421 | €0 | -€108,421 | -100% |
| Distributable reserves | 133 | €108,421 | €0 | -€108,421 | -100% |
| Profit (loss) carried forward | 14 | - | -€83,628 | -€83,628 | |
| Amounts payable | 17/49 | €3,392,016 | €2,152,821 | -€1.2m | -36.5% |
| Amounts payable after more than one year | 17 | €941,962 | €901,661 | -€40,301 | -4.3% |
| Financial debts | 170/4 | €168,270 | €127,600 | -€40,671 | -24.2% |
| Other amounts payable | 178/9 | €773,692 | €774,062 | +€370 | 0.0% |
| Amounts payable within one year | 42/48 | €2,439,534 | €1,250,106 | -€1.2m | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €1,081,873 | €698,411 | -€383,462 | -35.4% |
| Financial debts | 43 | €6,340 | €21 | -€6,319 | -99.7% |
| Credit institutions | 430/8 | €6,340 | €21 | -€6,319 | -99.7% |
| Trade debts | 44 | €220,525 | €141,568 | -€78,956 | -35.8% |
| Suppliers | 440/4 | €220,525 | €141,568 | -€78,956 | -35.8% |
| Advances received on contracts in progress | 46 | €1,008,001 | €270,000 | -€738,001 | -73.2% |
| Taxes, remuneration and social security | 45 | €55,200 | €56,700 | +€1,500 | +2.7% |
| Taxes | 450/3 | €55,200 | €56,700 | +€1,500 | +2.7% |
| Other amounts payable | 47/48 | €67,595 | €83,407 | +€15,811 | +23.4% |
| Accrued charges and deferred income | 492/3 | €10,520 | €1,053 | -€9,467 | -90.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,757 | €32,071 | -€10,687 | -25.0% |
| Other operating charges | 640/8 | €7,978 | €45,373 | +€37,396 | +469% |
| Gross operating margin | 9900 | -€56,842 | -€30,023 | +€26,819 | +47.2% |
| Operating profit (loss) | 9901 | -€107,577 | -€107,467 | +€110 | +0.1% |
| Financial income | 75/76B | €2,635 | €2,113 | -€522 | -19.8% |
| Recurring financial income | 75 | €2,635 | €2,113 | -€522 | -19.8% |
| Financial charges | 65/66B | €101,648 | €86,695 | -€14,953 | -14.7% |
| Recurring financial charges | 65 | €101,648 | €86,695 | -€14,953 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€206,590 | -€192,048 | +€14,542 | +7.0% |
| Profit (loss) for the period | 9904 | -€206,590 | -€192,048 | +€14,542 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€206,590 | -€192,048 | +€14,542 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.