IMMO HANKAR: 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 HANKAR
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+45.1%), from €3.9m to €5.6m
- Receivables within one year -€1.2m
down €1.2m (-93.8%), from €1.3m to €81,373
of which Other amounts receivable: -€1.2m
- Cash +€581,065
up €581,065 (+1,894%), from €30,679 to €611,744
mainly Receivables within one year (+€1.2m) and Short-term financial debts (+€1.2m)
- Short-term financial debts +€1.2m
up €1.2m (+31.2%), from €3.9m to €5.1m
- Profit (loss) carried forward -€160,944
down €160,944 (-179%), from -€90,161 to -€251,106
- Debts after one year +€73,943
up €73,943 (+7.0%), from €1.1m to €1.1m
- Gross operating margin -€89,853
down €89,853 (-39.5%), from €227,414 to €137,561
- Financial charges -€17,116
down €17,116 (-6.6%), from €258,291 to €241,175
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 | €5,431,001 | €6,526,946 | +€1.1m | +20.2% |
| Fixed assets | 21/28 | €238,350 | €238,350 | = | 0.0% |
| Tangible fixed assets | 22/27 | €238,350 | €238,350 | = | 0.0% |
| Land and buildings | 22 | €238,350 | €238,350 | = | 0.0% |
| Current assets | 29/58 | €5,192,652 | €6,288,597 | +€1.1m | +21.1% |
| Stocks and contracts in progress | 3 | €3,856,254 | €5,595,479 | +€1.7m | +45.1% |
| Stocks | 30/36 | €3,856,254 | €5,595,479 | +€1.7m | +45.1% |
| Amounts receivable within one year | 40/41 | €1,305,718 | €81,373 | -€1.2m | -93.8% |
| Trade receivables | 40 | €52,088 | €54,640 | +€2,552 | +4.9% |
| Other amounts receivable | 41 | €1,253,631 | €26,733 | -€1.2m | -97.9% |
| Cash at bank and in hand | 54/58 | €30,679 | €611,744 | +€581,065 | +1,894% |
| Total equity and liabilities | 10/49 | €5,431,001 | €6,526,946 | +€1.1m | +20.2% |
| Equity | 10/15 | €295,144 | €134,199 | -€160,944 | -54.5% |
| Contributions | 10/11 | €67,179 | €67,179 | = | 0.0% |
| Capital | 10 | €67,179 | €67,179 | = | 0.0% |
| Issued capital | 100 | €67,179 | €67,179 | = | 0.0% |
| Reserves | 13 | €318,126 | €318,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,718 | €6,718 | = | 0.0% |
| Legal reserve | 130 | €6,718 | €6,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €311,408 | €311,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,161 | -€251,106 | -€160,944 | -179% |
| Provisions and deferred taxes | 16 | €103,803 | €103,803 | = | 0.0% |
| Deferred taxes | 168 | €103,803 | €103,803 | = | 0.0% |
| Amounts payable | 17/49 | €5,032,055 | €6,288,944 | +€1.3m | +25.0% |
| Amounts payable after more than one year | 17 | €1,056,329 | €1,130,273 | +€73,943 | +7.0% |
| Financial debts | 170/4 | €1,056,329 | €1,130,273 | +€73,943 | +7.0% |
| Amounts payable within one year | 42/48 | €3,975,321 | €5,158,672 | +€1.2m | +29.8% |
| Financial debts | 43 | €3,850,000 | €5,050,000 | +€1.2m | +31.2% |
| Credit institutions | 430/8 | €3,850,000 | €5,050,000 | +€1.2m | +31.2% |
| Trade debts | 44 | €125,321 | €108,672 | -€16,650 | -13.3% |
| Suppliers | 440/4 | €125,321 | €108,672 | -€16,650 | -13.3% |
| Accrued charges and deferred income | 492/3 | €405 | - | -€405 | |
| Other operating charges | 640/8 | €55,329 | €57,330 | +€2,001 | +3.6% |
| Gross operating margin | 9900 | €227,414 | €137,561 | -€89,853 | -39.5% |
| Operating profit (loss) | 9901 | €172,085 | €80,231 | -€91,854 | -53.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €258,291 | €241,175 | -€17,116 | -6.6% |
| Recurring financial charges | 65 | €258,291 | €241,175 | -€17,116 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€86,206 | -€160,944 | -€74,738 | -86.7% |
| Profit (loss) for the period | 9904 | -€86,206 | -€160,944 | -€74,738 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,206 | -€160,944 | -€74,738 | -86.7% |
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.