IMMO HEIDELBERG: 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.
What changed
IMMO HEIDELBERG
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€47,212
2024 · €53,950-€6,737
Equity
€148,947
2024 · €101,735+€47,212
Cash
€31,181
2024 · €62,931-€31,750
Balance sheet total
€2.8m
2024 · €2.9m-€124,711
Largest movements
Assets
- Tangible fixed assets -€90,526
down €90,526 (-3.2%), from €2.8m to €2.7m
- Cash -€31,750
down €31,750 (-50.5%), from €62,931 to €31,181
mainly Debts after one year (-€153,324) and Trade debts (-€12,750)
Equity and liabilities
- Debts after one year -€153,324
down €153,324 (-6.0%), from €2.5m to €2.4m
- Profit (loss) carried forward +€47,212
up €47,212, from -€20,465 to €26,747
Income statement
- Other operating income -€12,909
down €12,909 (-56.0%), from €23,063 to €10,154
- Services and other goods -€12,316
down €12,316 (-45.3%), from €27,203 to €14,887
- Taxes +€9,186
new in 2025: €9,186
- Turnover +€4,635
up €4,635 (+2.1%), from €224,019 to €228,654
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.
Result 2024
€53,950
Turnover
+€4,635
Other operating income
-€12,909
Services and other goods
+€12,316
Other operating charges
-€37
Financial income
-€53
Financial charges
-€1,503
Taxes
-€9,186
Result 2025
€47,212
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.
From operations
+€119,369
Investment
€0
Financing
-€151,118
Cash 2024
€62,931
From operations (derived)
+€119,369
Net result for the year
+€47,212
Depreciation
+€90,526
Receivables within one year
+€4,798
Deferred charges and accrued income
-€2,363
Trade debts
-€12,750
Tax, wage and social debts
+€686
Other debts
-€10,263
Accrued charges and deferred income
+€1,521
Financing
-€151,118
Debts after one year
-€153,324
Current portion of long-term debt
+€2,206
Cash 2025
€31,181
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,922,148 | €2,797,437 | -€124,711 | -4.3% |
| Fixed assets | 21/28 | €2,791,276 | €2,700,750 | -€90,526 | -3.2% |
| Tangible fixed assets | 22/27 | €2,791,276 | €2,700,750 | -€90,526 | -3.2% |
| Land and buildings | 22 | €2,791,276 | €2,700,750 | -€90,526 | -3.2% |
| Current assets | 29/58 | €130,872 | €96,687 | -€34,185 | -26.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €67,713 | €62,914 | -€4,798 | -7.1% |
| Trade receivables | 40 | €43,364 | €38,684 | -€4,679 | -10.8% |
| Other amounts receivable | 41 | €24,349 | €24,230 | -€119 | -0.5% |
| Cash at bank and in hand | 54/58 | €62,931 | €31,181 | -€31,750 | -50.5% |
| Deferred charges and accrued income | 490/1 | €229 | €2,592 | +€2,363 | +1033.8% |
| Total equity and liabilities | 10/49 | €2,922,148 | €2,797,437 | -€124,711 | -4.3% |
| Equity | 10/15 | €101,735 | €148,947 | +€47,212 | +46.4% |
| Contributions | 10/11 | €122,200 | €122,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,465 | €26,747 | +€47,212 | |
| Amounts payable | 17/49 | €2,820,414 | €2,648,490 | -€171,923 | -6.1% |
| Amounts payable after more than one year | 17 | €2,549,876 | €2,396,552 | -€153,324 | -6.0% |
| Financial debts | 170/4 | €2,549,876 | €2,396,552 | -€153,324 | -6.0% |
| Credit institutions | 173 | €1,964,876 | €1,811,552 | -€153,324 | -7.8% |
| Other loans | 174 | €585,000 | €585,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,401 | €211,281 | -€20,120 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €151,118 | €153,324 | +€2,206 | +1.5% |
| Trade debts | 44 | €12,750 | €0 | -€12,750 | -100.0% |
| Suppliers | 440/4 | €12,750 | €0 | -€12,750 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €686 | +€686 | |
| Taxes | 450/3 | - | €686 | +€686 | |
| Other amounts payable | 47/48 | €67,533 | €57,270 | -€10,263 | -15.2% |
| Accrued charges and deferred income | 492/3 | €39,137 | €40,658 | +€1,521 | +3.9% |
| Operating income | 70/76A | €247,082 | €238,808 | -€8,274 | -3.3% |
| Turnover | 70 | €224,019 | €228,654 | +€4,635 | +2.1% |
| Other operating income | 74 | €23,063 | €10,154 | -€12,909 | -56.0% |
| Operating charges | 60/66A | €119,062 | €106,783 | -€12,279 | -10.3% |
| Services and other goods | 61 | €27,203 | €14,887 | -€12,316 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,526 | €90,526 | = | 0.0% |
| Other operating charges | 640/8 | €1,333 | €1,370 | +€37 | +2.8% |
| Operating profit (loss) | 9901 | €128,020 | €132,024 | +€4,005 | +3.1% |
| Financial income | 75/76B | €53 | €0 | -€53 | -100.0% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -100.0% |
| Other financial income | 752/9 | €53 | €0 | -€53 | -100.0% |
| Financial charges | 65/66B | €74,123 | €75,626 | +€1,503 | +2.0% |
| Recurring financial charges | 65 | €74,123 | €75,626 | +€1,503 | +2.0% |
| Debt charges | 650 | €73,983 | €75,486 | +€1,503 | +2.0% |
| Other financial charges | 652/9 | €140 | €140 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €53,950 | €56,399 | +€2,449 | +4.5% |
| Income taxes | 67/77 | - | €9,186 | +€9,186 | |
| Taxes | 670/3 | - | €9,186 | +€9,186 | |
| Profit (loss) for the period | 9904 | €53,950 | €47,212 | -€6,737 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,950 | €47,212 | -€6,737 | -12.5% |
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 10 October 2026 via checked.be.