IMMO HEERHUYS: 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 HEERHUYS
Largest movements
- Tangible fixed assets -€22,852
down €22,852 (-13.5%), from €168,851 to €145,999
of which Land and buildings: -€22,480
- Receivables within one year -€11,865
no longer reported in 2025 (was €11,865)
- Debts after one year -€31,235
down €31,235 (-10.0%), from €311,238 to €280,003
- Profit (loss) carried forward -€11,338
down €11,338 (-337%), from -€3,362 to -€14,700
- Advances received +€7,105
new in 2025: €7,105
- Gross operating margin -€5,858
down €5,858 (-18.7%), from €31,371 to €25,513
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 | €417,430 | €382,845 | -€34,584 | -8.3% |
| Fixed assets | 21/28 | €405,536 | €382,683 | -€22,852 | -5.6% |
| Tangible fixed assets | 22/27 | €168,851 | €145,999 | -€22,852 | -13.5% |
| Land and buildings | 22 | €165,933 | €143,453 | -€22,480 | -13.5% |
| Other tangible fixed assets | 26 | €2,918 | €2,545 | -€373 | -12.8% |
| Financial fixed assets | 28 | €236,685 | €236,685 | = | 0.0% |
| Current assets | 29/58 | €11,894 | €162 | -€11,732 | -98.6% |
| Amounts receivable within one year | 40/41 | €11,865 | - | -€11,865 | |
| Trade receivables | 40 | €11,865 | - | -€11,865 | |
| Cash at bank and in hand | 54/58 | €29 | €162 | +€133 | +459% |
| Total equity and liabilities | 10/49 | €417,430 | €382,845 | -€34,584 | -8.3% |
| Equity | 10/15 | €4,698 | -€6,640 | -€11,338 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,362 | -€14,700 | -€11,338 | -337% |
| Amounts payable | 17/49 | €412,731 | €389,486 | -€23,246 | -5.6% |
| Amounts payable after more than one year | 17 | €311,238 | €280,003 | -€31,235 | -10.0% |
| Financial debts | 170/4 | €311,238 | €280,003 | -€31,235 | -10.0% |
| Amounts payable within one year | 42/48 | €101,494 | €109,483 | +€7,989 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €29,700 | €31,235 | +€1,535 | +5.2% |
| Trade debts | 44 | €2,906 | €1,778 | -€1,127 | -38.8% |
| Suppliers | 440/4 | €2,906 | €1,778 | -€1,127 | -38.8% |
| Advances received on contracts in progress | 46 | - | €7,105 | +€7,105 | |
| Taxes, remuneration and social security | 45 | €2,426 | €1,780 | -€646 | -26.6% |
| Taxes | 450/3 | €2,426 | €1,780 | -€646 | -26.6% |
| Other amounts payable | 47/48 | €66,462 | €67,584 | +€1,122 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,852 | €22,852 | = | 0.0% |
| Other operating charges | 640/8 | €2,115 | €2,388 | +€273 | +12.9% |
| Gross operating margin | 9900 | €31,371 | €25,513 | -€5,858 | -18.7% |
| Operating profit (loss) | 9901 | €6,404 | €273 | -€6,131 | -95.7% |
| Financial charges | 65/66B | €11,467 | €11,552 | +€85 | +0.7% |
| Recurring financial charges | 65 | €11,467 | €11,552 | +€85 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,063 | -€11,278 | -€6,216 | -123% |
| Income taxes | 67/77 | €5 | €60 | +€55 | +1,112% |
| Profit (loss) for the period | 9904 | -€5,067 | -€11,338 | -€6,271 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,067 | -€11,338 | -€6,271 | -124% |
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 29 October 2026 via checked.be.