IMMO HECK: 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 HECK
Largest movements
- Tangible fixed assets -€56,201
down €56,201 (-3.1%), from €1.8m to €1.8m
- Debts after one year -€99,664
down €99,664 (-6.8%), from €1.5m to €1.4m
- Reserves +€58,783
up €58,783 (+81.1%), from €72,439 to €131,222
- Other debts -€29,075
down €29,075 (-18.4%), from €157,773 to €128,698
- Gross operating margin +€9,566
up €9,566 (+5.0%), from €189,556 to €199,122
- Financial charges -€3,583
down €3,583 (-6.2%), from €58,051 to €54,468
- Taxes +€2,400
up €2,400 (+19.5%), from €12,296 to €14,696
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 | €1,852,769 | €1,783,932 | -€68,838 | -3.7% |
| Fixed assets | 21/28 | €1,830,510 | €1,774,309 | -€56,201 | -3.1% |
| Tangible fixed assets | 22/27 | €1,830,510 | €1,774,309 | -€56,201 | -3.1% |
| Land and buildings | 22 | €1,830,510 | €1,774,309 | -€56,201 | -3.1% |
| Current assets | 29/58 | €22,259 | €9,623 | -€12,637 | -56.8% |
| Amounts receivable within one year | 40/41 | €1,072 | - | -€1,072 | |
| Trade receivables | 40 | €1,072 | - | -€1,072 | |
| Cash at bank and in hand | 54/58 | €12,433 | €868 | -€11,565 | -93.0% |
| Deferred charges and accrued income | 490/1 | €8,754 | €8,754 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,852,769 | €1,783,932 | -€68,838 | -3.7% |
| Equity | 10/15 | €92,439 | €151,222 | +€58,783 | +63.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,439 | €131,222 | +€58,783 | +81.1% |
| Distributable reserves | 133 | €72,439 | €131,222 | +€58,783 | +81.1% |
| Amounts payable | 17/49 | €1,760,330 | €1,632,709 | -€127,620 | -7.2% |
| Amounts payable after more than one year | 17 | €1,465,909 | €1,366,245 | -€99,664 | -6.8% |
| Financial debts | 170/4 | €1,465,909 | €1,366,245 | -€99,664 | -6.8% |
| Amounts payable within one year | 42/48 | €275,606 | €263,509 | -€12,097 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €104,265 | €107,820 | +€3,555 | +3.4% |
| Trade debts | 44 | €1,272 | - | -€1,272 | |
| Suppliers | 440/4 | €1,272 | - | -€1,272 | |
| Taxes, remuneration and social security | 45 | €12,296 | €26,992 | +€14,696 | +120% |
| Taxes | 450/3 | €12,296 | €26,992 | +€14,696 | +120% |
| Other amounts payable | 47/48 | €157,773 | €128,698 | -€29,075 | -18.4% |
| Accrued charges and deferred income | 492/3 | €18,814 | €2,955 | -€15,859 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,201 | €56,201 | = | 0.0% |
| Other operating charges | 640/8 | €14,522 | €14,976 | +€454 | +3.1% |
| Gross operating margin | 9900 | €189,556 | €199,122 | +€9,566 | +5.0% |
| Operating profit (loss) | 9901 | €118,834 | €127,946 | +€9,112 | +7.7% |
| Financial income | 75/76B | €697 | - | -€697 | |
| Recurring financial income | 75 | €697 | - | -€697 | |
| Financial charges | 65/66B | €58,051 | €54,468 | -€3,583 | -6.2% |
| Recurring financial charges | 65 | €58,051 | €54,468 | -€3,583 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €61,480 | €73,478 | +€11,998 | +19.5% |
| Income taxes | 67/77 | €12,296 | €14,696 | +€2,400 | +19.5% |
| Profit (loss) for the period | 9904 | €49,184 | €58,783 | +€9,598 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,184 | €58,783 | +€9,598 | +19.5% |
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 14 October 2026 via checked.be.