IMMO-HANARD: 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-HANARD
Largest movements
- Cash -€14,594
down €14,594 (-48.0%), from €30,423 to €15,829
mainly Investment in fixed assets (net) (-€14,491) and Net result for the year (-€12,366)
- Profit (loss) carried forward -€12,366
down €12,366 (-10.4%), from -€118,533 to -€130,899
- Financial income +€6,611
up €6,611 (+426%), from €1,551 to €8,162
- Purchases and services +€1,974
up €1,974 (+14.6%), from €13,476 to €15,450
- Gross operating margin -€1,282
down €1,282 (-20.3%), from €6,303 to €5,021
- Turnover +€692
up €692 (+3.5%), from €19,779 to €20,471
- Other operating charges -€624
down €624 (-22.4%), from €2,791 to €2,167
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 | €690,360 | €676,291 | -€14,069 | -2.0% |
| Fixed assets | 21/28 | €525,413 | €523,640 | -€1,773 | -0.3% |
| Tangible fixed assets | 22/27 | €525,413 | €523,640 | -€1,773 | -0.3% |
| Land and buildings | 22 | €499,331 | €487,253 | -€12,078 | -2.4% |
| Plant, machinery and equipment | 23 | €4,669 | €950 | -€3,719 | -79.7% |
| Furniture and vehicles | 24 | - | €14,490 | +€14,490 | |
| Other tangible fixed assets | 26 | €21,413 | €20,947 | -€466 | -2.2% |
| Current assets | 29/58 | €164,947 | €152,651 | -€12,296 | -7.5% |
| Current investments | 50/53 | €120,315 | €122,613 | +€2,298 | +1.9% |
| Cash at bank and in hand | 54/58 | €30,423 | €15,829 | -€14,594 | -48.0% |
| Deferred charges and accrued income | 490/1 | €14,209 | €14,209 | = | 0.0% |
| Total equity and liabilities | 10/49 | €690,360 | €676,291 | -€14,069 | -2.0% |
| Equity | 10/15 | €358,463 | €346,097 | -€12,366 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €464,596 | €464,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Legal reserve | 130 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €463,356 | €463,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,533 | -€130,899 | -€12,366 | -10.4% |
| Amounts payable | 17/49 | €331,897 | €330,194 | -€1,703 | -0.5% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Financial debts | 170/4 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194 | €194 | = | 0.0% |
| Other amounts payable | 47/48 | €194 | €194 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,703 | - | -€1,703 | |
| Turnover | 70 | €19,779 | €20,471 | +€692 | +3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,476 | €15,450 | +€1,974 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,264 | €16,264 | = | 0.0% |
| Other operating charges | 640/8 | €2,791 | €2,167 | -€624 | -22.4% |
| Gross operating margin | 9900 | €6,303 | €5,021 | -€1,282 | -20.3% |
| Operating profit (loss) | 9901 | -€12,752 | -€13,410 | -€658 | -5.2% |
| Financial income | 75/76B | €1,551 | €8,162 | +€6,611 | +426% |
| Recurring financial income | 75 | €1,551 | €8,162 | +€6,611 | +426% |
| Financial charges | 65/66B | €7,485 | €6,953 | -€532 | -7.1% |
| Recurring financial charges | 65 | €7,485 | €6,953 | -€532 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,686 | -€12,201 | +€6,485 | +34.7% |
| Income taxes | 67/77 | €285 | €165 | -€120 | -42.1% |
| Profit (loss) for the period | 9904 | -€18,971 | -€12,366 | +€6,605 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,971 | -€12,366 | +€6,605 | +34.8% |
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 18 October 2026 via checked.be.