IMMO HACHERELLE: 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 HACHERELLE
Largest movements
- Cash -€596,833
down €596,833 (-86.9%), from €687,078 to €90,245
mainly Current investments (-€500,000) and Net result for the year (-€68,581)
- Current investments +€500,000
new in 2025: €500,000
- Stocks and contracts +€24,492
up €24,492 (+38.2%), from €64,034 to €88,526
- Other debts +€90,367
up €90,367 (+158%), from €57,125 to €147,491
- Profit (loss) carried forward -€68,581
down €68,581 (-28.5%), from €240,284 to €171,703
- Trade debts -€59,846
down €59,846 (-97.5%), from €61,367 to €1,520
- Tax, wage and social debts -€38,490
down €38,490 (-80.3%), from €47,940 to €9,450
of which Remuneration and social security: -€20,000
- Write-downs +€1.2m
up €1.2m (+99.7%), from -€1.2m to -€3,658
- Other operating charges -€345,637
down €345,637 (-99.9%), from €346,059 to €422
- Taxes -€203,084
down €203,084 (-99.6%), from €203,811 to €727
- Gross operating margin +€8,844
up €8,844 (+13.1%), from -€67,668 to -€58,824
- Depreciation +€5,485
up €5,485 (+36,493%), from €15 to €5,500
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 | €822,215 | €745,665 | -€76,550 | -9.3% |
| Fixed assets | 21/28 | €54,985 | €49,563 | -€5,422 | -9.9% |
| Intangible fixed assets | 21 | €54,985 | €49,485 | -€5,500 | -10.0% |
| Financial fixed assets | 28 | - | €78 | +€78 | |
| Current assets | 29/58 | €767,230 | €696,102 | -€71,128 | -9.3% |
| Stocks and contracts in progress | 3 | €64,034 | €88,526 | +€24,492 | +38.2% |
| Stocks | 30/36 | €64,034 | €88,526 | +€24,492 | +38.2% |
| Amounts receivable within one year | 40/41 | €11,056 | €17,331 | +€6,275 | +56.8% |
| Trade receivables | 40 | - | €15,544 | +€15,544 | |
| Other amounts receivable | 41 | €11,056 | €1,787 | -€9,269 | -83.8% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €687,078 | €90,245 | -€596,833 | -86.9% |
| Deferred charges and accrued income | 490/1 | €5,062 | €0 | -€5,062 | -100% |
| Total equity and liabilities | 10/49 | €822,215 | €745,665 | -€76,550 | -9.3% |
| Equity | 10/15 | €655,784 | €587,203 | -€68,581 | -10.5% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €310,500 | €310,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €310,500 | €310,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,284 | €171,703 | -€68,581 | -28.5% |
| Amounts payable | 17/49 | €166,431 | €158,462 | -€7,969 | -4.8% |
| Amounts payable within one year | 42/48 | €166,431 | €158,462 | -€7,969 | -4.8% |
| Trade debts | 44 | €61,367 | €1,520 | -€59,846 | -97.5% |
| Suppliers | 440/4 | €61,367 | €1,520 | -€59,846 | -97.5% |
| Taxes, remuneration and social security | 45 | €47,940 | €9,450 | -€38,490 | -80.3% |
| Taxes | 450/3 | €27,940 | €9,450 | -€18,490 | -66.2% |
| Remuneration and social security | 454/9 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 47/48 | €57,125 | €147,491 | +€90,367 | +158% |
| Remuneration, social security and pensions | 62 | - | €3,566 | +€3,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €5,500 | +€5,485 | +36,493% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,158,096 | -€3,658 | +€1.2m | +99.7% |
| Other operating charges | 640/8 | €346,059 | €422 | -€345,637 | -99.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€67,668 | -€58,824 | +€8,844 | +13.1% |
| Operating profit (loss) | 9901 | €744,354 | -€64,653 | -€809,008 | |
| Financial income | 75/76B | €0 | €2,424 | +€2,424 | +24,244,600% |
| Recurring financial income | 75 | €0 | €2,424 | +€2,424 | +24,244,600% |
| Financial charges | 65/66B | €273 | €5,625 | +€5,351 | +1,958% |
| Recurring financial charges | 65 | €273 | €5,625 | +€5,351 | +1,958% |
| Profit (loss) for the period before taxes | 9903 | €744,081 | -€67,853 | -€811,935 | |
| Income taxes | 67/77 | €203,811 | €727 | -€203,084 | -99.6% |
| Profit (loss) for the period | 9904 | €540,270 | -€68,581 | -€608,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €540,270 | -€68,581 | -€608,851 |
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 28 October 2026 via checked.be.