IMMO HEIBERG: what changed
Two fiscal 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 HEIBERG
Largest movements
- Tangible fixed assets -€18,150
down €18,150 (-3.2%), from €566,945 to €548,795
of which Land and buildings: -€16,719
- Debts after one year -€30,890
down €30,890 (-10.5%), from €293,228 to €262,338
- Profit (loss) carried forward +€10,012
up €10,012 (+33.8%), from €29,597 to €39,609
- Gross operating margin +€1,987
up €1,987 (+4.2%), from €47,142 to €49,129
- Taxes +€822
up €822 (+32.7%), from €2,516 to €3,338
- Depreciation -€734
down €734 (-2.7%), from €26,743 to €26,009
- Financial charges -€650
down €650 (-8.5%), from €7,667 to €7,017
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.
Cash bridge derived
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 | €573,046 | €553,710 | -€19,336 | -3.4% |
| Fixed assets | 21/28 | €566,945 | €548,795 | -€18,150 | -3.2% |
| Tangible fixed assets | 22/27 | €566,945 | €548,795 | -€18,150 | -3.2% |
| Land and buildings | 22 | €563,153 | €546,434 | -€16,719 | -3.0% |
| Plant, machinery and equipment | 23 | €3,792 | €2,361 | -€1,431 | -37.7% |
| Current assets | 29/58 | €6,101 | €4,916 | -€1,185 | -19.4% |
| Cash at bank and in hand | 54/58 | €6,101 | €4,916 | -€1,185 | -19.4% |
| Total equity and liabilities | 10/49 | €573,046 | €553,710 | -€19,336 | -3.4% |
| Equity | 10/15 | €139,597 | €149,609 | +€10,012 | +7.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,597 | €39,609 | +€10,012 | +33.8% |
| Amounts payable | 17/49 | €433,449 | €404,101 | -€29,348 | -6.8% |
| Amounts payable after more than one year | 17 | €293,228 | €262,338 | -€30,890 | -10.5% |
| Financial debts | 170/4 | €293,228 | €262,338 | -€30,890 | -10.5% |
| Amounts payable within one year | 42/48 | €140,221 | €141,763 | +€1,542 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €30,205 | €30,890 | +€685 | +2.3% |
| Trade debts | 44 | - | €19 | +€19 | |
| Suppliers | 440/4 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €16 | €854 | +€838 | +5268.9% |
| Taxes | 450/3 | €16 | €854 | +€838 | +5268.9% |
| Other amounts payable | 47/48 | €110,000 | €110,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,743 | €26,009 | -€734 | -2.7% |
| Other operating charges | 640/8 | €2,669 | €2,753 | +€84 | +3.2% |
| Gross operating margin | 9900 | €47,142 | €49,129 | +€1,987 | +4.2% |
| Operating profit (loss) | 9901 | €17,731 | €20,367 | +€2,637 | +14.9% |
| Financial charges | 65/66B | €7,667 | €7,017 | -€650 | -8.5% |
| Recurring financial charges | 65 | €7,667 | €7,017 | -€650 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €10,064 | €13,350 | +€3,286 | +32.7% |
| Income taxes | 67/77 | €2,516 | €3,338 | +€822 | +32.7% |
| Profit (loss) for the period | 9904 | €7,548 | €10,012 | +€2,464 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,548 | €10,012 | +€2,464 | +32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.