Immo Hera: 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 Hera
Largest movements
- Tangible fixed assets -€51,766
down €51,766 (-3.3%), from €1.6m to €1.5m
of which Land and buildings: -€47,869
- Receivables within one year -€50,374
down €50,374 (-12.9%), from €390,135 to €339,761
of which Trade receivables: -€75,854
- Debts after one year -€121,456
down €121,456 (-18.9%), from €642,947 to €521,492
- Reserves +€78,788
up €78,788 (+87.6%), from €89,905 to €168,694
- Other debts -€65,946
down €65,946 (-6.4%), from €1.0m to €970,718
- Gross operating margin -€63,918
down €63,918 (-26.5%), from €241,486 to €177,568
- Taxes -€7,867
down €7,867 (-20.7%), from €37,987 to €30,120
- Financial charges -€2,989
down €2,989 (-23.6%), from €12,689 to €9,701
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 | €1,981,720 | €1,881,175 | -€100,546 | -5.1% |
| Fixed assets | 21/28 | €1,586,946 | €1,535,180 | -€51,766 | -3.3% |
| Tangible fixed assets | 22/27 | €1,586,946 | €1,535,180 | -€51,766 | -3.3% |
| Land and buildings | 22 | €1,553,539 | €1,505,670 | -€47,869 | -3.1% |
| Plant, machinery and equipment | 23 | €33,406 | €29,510 | -€3,896 | -11.7% |
| Current assets | 29/58 | €394,775 | €345,994 | -€48,780 | -12.4% |
| Amounts receivable within one year | 40/41 | €390,135 | €339,761 | -€50,374 | -12.9% |
| Trade receivables | 40 | €386,622 | €310,768 | -€75,854 | -19.6% |
| Other amounts receivable | 41 | €3,513 | €28,993 | +€25,480 | +725.4% |
| Cash at bank and in hand | 54/58 | €4,476 | €4,038 | -€438 | -9.8% |
| Deferred charges and accrued income | 490/1 | €164 | €2,195 | +€2,032 | +1242.0% |
| Total equity and liabilities | 10/49 | €1,981,720 | €1,881,175 | -€100,546 | -5.1% |
| Equity | 10/15 | €110,505 | €189,294 | +€78,788 | +71.3% |
| Contributions | 10/11 | €20,600 | €20,600 | = | 0.0% |
| Reserves | 13 | €89,905 | €168,694 | +€78,788 | +87.6% |
| Distributable reserves | 133 | €89,905 | €168,694 | +€78,788 | +87.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,871,215 | €1,691,881 | -€179,334 | -9.6% |
| Amounts payable after more than one year | 17 | €642,947 | €521,492 | -€121,456 | -18.9% |
| Financial debts | 170/4 | €642,947 | €521,492 | -€121,456 | -18.9% |
| Amounts payable within one year | 42/48 | €1,228,268 | €1,170,389 | -€57,879 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €115,267 | €121,456 | +€6,189 | +5.4% |
| Trade debts | 44 | €69,364 | €69,431 | +€67 | +0.1% |
| Suppliers | 440/4 | €69,364 | €69,431 | +€67 | +0.1% |
| Taxes, remuneration and social security | 45 | €6,973 | €8,785 | +€1,812 | +26.0% |
| Taxes | 450/3 | €6,973 | €8,785 | +€1,812 | +26.0% |
| Other amounts payable | 47/48 | €1,036,663 | €970,718 | -€65,946 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,626 | €51,766 | +€139 | +0.3% |
| Other operating charges | 640/8 | €7,109 | €7,193 | +€85 | +1.2% |
| Gross operating margin | 9900 | €241,486 | €177,568 | -€63,918 | -26.5% |
| Operating profit (loss) | 9901 | €182,752 | €118,609 | -€64,142 | -35.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,689 | €9,701 | -€2,989 | -23.6% |
| Recurring financial charges | 65 | €12,689 | €9,701 | -€2,989 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €170,062 | €108,909 | -€61,154 | -36.0% |
| Income taxes | 67/77 | €37,987 | €30,120 | -€7,867 | -20.7% |
| Profit (loss) for the period | 9904 | €132,075 | €78,788 | -€53,286 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,075 | €78,788 | -€53,286 | -40.3% |
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 4 October 2026 via checked.be.