IMMO HELSMO: 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 HELSMO
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables after one year +€45,404
up €45,404 (+41.3%), from €110,000 to €155,404
- Cash -€40,522
down €40,522 (-24.3%), from €166,815 to €126,293
mainly Receivables after one year (-€45,404) and Debts after one year (-€44,496)
- Tangible fixed assets -€28,816
down €28,816 (-3.6%), from €797,095 to €768,278
of which Land and buildings: -€27,919
- Debts after one year -€44,496
down €44,496 (-13.4%), from €332,880 to €288,384
- Reserves -€28,809
down €28,809 (-9.0%), from €320,248 to €291,439
of which Distributable reserves: -€20,169
- Gross operating margin +€9,960
up €9,960 (+271%), from €3,678 to €13,638
- Financial charges -€2,049
down €2,049 (-10.0%), from €20,504 to €18,455
- Financial income +€1,146
up €1,146 (+20.0%), from €5,737 to €6,883
- Other operating charges -€260
down €260 (-4.3%), from €6,018 to €5,758
- Depreciation -€222
down €222 (-0.8%), from €29,038 to €28,816
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 | €1,131,091 | €1,060,409 | -€70,682 | -6.2% |
| Fixed assets | 21/28 | €797,095 | €768,278 | -€28,816 | -3.6% |
| Tangible fixed assets | 22/27 | €797,095 | €768,278 | -€28,816 | -3.6% |
| Land and buildings | 22 | €794,888 | €766,969 | -€27,919 | -3.5% |
| Plant, machinery and equipment | 23 | €2,207 | €1,309 | -€897 | -40.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €333,996 | €292,130 | -€41,866 | -12.5% |
| Amounts receivable after more than one year | 29 | €110,000 | €155,404 | +€45,404 | +41.3% |
| Other amounts receivable | 291 | €110,000 | €155,404 | +€45,404 | +41.3% |
| Amounts receivable within one year | 40/41 | €6,970 | €9,201 | +€2,231 | +32.0% |
| Other amounts receivable | 41 | €6,970 | €9,201 | +€2,231 | +32.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €166,815 | €126,293 | -€40,522 | -24.3% |
| Deferred charges and accrued income | 490/1 | €212 | €1,232 | +€1,021 | +483% |
| Total equity and liabilities | 10/49 | €1,131,091 | €1,060,409 | -€70,682 | -6.2% |
| Equity | 10/15 | €714,900 | €686,091 | -€28,809 | -4.0% |
| Contributions | 10/11 | €394,653 | €394,653 | = | 0.0% |
| Capital | 10 | €394,653 | €394,653 | = | 0.0% |
| Issued capital | 100 | €394,653 | €394,653 | = | 0.0% |
| Reserves | 13 | €320,248 | €291,439 | -€28,809 | -9.0% |
| Non-distributable reserves | 130/1 | €19,235 | €19,235 | = | 0.0% |
| Legal reserve | 130 | €19,235 | €19,235 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,891 | €38,252 | -€8,640 | -18.4% |
| Distributable reserves | 133 | €254,121 | €233,952 | -€20,169 | -7.9% |
| Provisions and deferred taxes | 16 | €27,193 | €23,494 | -€3,699 | -13.6% |
| Deferred taxes | 168 | €27,193 | €23,494 | -€3,699 | -13.6% |
| Amounts payable | 17/49 | €388,997 | €350,823 | -€38,174 | -9.8% |
| Amounts payable after more than one year | 17 | €332,880 | €288,384 | -€44,496 | -13.4% |
| Financial debts | 170/4 | €332,880 | €288,384 | -€44,496 | -13.4% |
| Amounts payable within one year | 42/48 | €42,426 | €44,574 | +€2,148 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €42,343 | €44,496 | +€2,153 | +5.1% |
| Trade debts | 44 | €83 | €79 | -€4 | -5.3% |
| Suppliers | 440/4 | €83 | €79 | -€4 | -5.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €13,692 | €17,865 | +€4,174 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,038 | €28,816 | -€222 | -0.8% |
| Other operating charges | 640/8 | €6,018 | €5,758 | -€260 | -4.3% |
| Gross operating margin | 9900 | €3,678 | €13,638 | +€9,960 | +271% |
| Operating profit (loss) | 9901 | -€31,378 | -€20,936 | +€10,442 | +33.3% |
| Financial income | 75/76B | €5,737 | €6,883 | +€1,146 | +20.0% |
| Recurring financial income | 75 | €5,737 | €6,883 | +€1,146 | +20.0% |
| Financial charges | 65/66B | €20,504 | €18,455 | -€2,049 | -10.0% |
| Recurring financial charges | 65 | €20,504 | €18,455 | -€2,049 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,145 | -€32,508 | +€13,637 | +29.6% |
| Transfer from deferred taxes | 780 | €3,699 | €3,699 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€42,446 | -€28,809 | +€13,637 | +32.1% |
| Transfer from tax-exempt reserves | 789 | €8,640 | €8,640 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,806 | -€20,169 | +€13,637 | +40.3% |
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 24 October 2026 via checked.be.