IMMO HERBAFROST: 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 HERBAFROST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€986,602
2025 · €971,892+€14,710
Equity
€1.1m
2025 · €1.5m-€413,398
Cash
€53,188
2025 · €34,486+€18,702
Balance sheet total
€7.3m
2025 · €7.4m-€97,662
Largest movements
Assets
- Tangible fixed assets -€119,666
down €119,666 (-5.7%), from €2.1m to €2.0m
Equity and liabilities
- Other debts +€885,503
up €885,503 (+172%), from €514,497 to €1.4m
- Debts after one year -€569,779
down €569,779 (-12.2%), from €4.7m to €4.1m
of which Financial debts: -€692,779
- Profit (loss) carried forward -€413,398
down €413,398 (-39.3%), from €1.1m to €638,841
Income statement
- Turnover +€17,361
up €17,361 (+3.2%), from €549,832 to €567,193
- Financial charges -€12,044
down €12,044 (-12.7%), from €95,178 to €83,134
- Services and other goods +€10,306
up €10,306 (+23.3%), from €44,199 to €54,504
From the 2025 result to the 2026 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 2025
€971,892
Turnover
+€17,361
Services and other goods
-€10,306
Depreciation
+€2,648
Other operating charges
-€2,133
Financial charges
+€12,044
Taxes
-€4,903
Result 2026
€986,602
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.0m
Investment
-€3,302
Financing
-€2.0m
Cash 2025
€34,486
From operations (derived)
+€2.0m
Net result for the year
+€986,602
Depreciation
+€119,666
Trade debts
-€6,479
Tax, wage and social debts
+€5,103
Other debts
+€885,503
Accrued charges and deferred income
-€1,212
Investment (derived)
-€3,302
Investment in fixed assets (net)
-€3,302
Financing
-€2.0m
Debts after one year
-€569,779
Current portion of long-term debt
+€2,599
Contributions, distributions and other
-€1.4m
Cash 2026
€53,188
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,399,576 | €7,301,914 | -€97,662 | -1.3% |
| Fixed assets | 21/28 | €7,365,091 | €7,248,726 | -€116,364 | -1.6% |
| Tangible fixed assets | 22/27 | €2,098,913 | €1,979,246 | -€119,666 | -5.7% |
| Land and buildings | 22 | €2,098,913 | €1,979,246 | -€119,666 | -5.7% |
| Financial fixed assets | 28 | €5,266,178 | €5,269,480 | +€3,302 | +0.1% |
| Affiliated companies | 280/1 | €5,266,178 | €5,269,480 | +€3,302 | +0.1% |
| Participating interests | 280 | €1,816,178 | €1,816,178 | = | 0.0% |
| Amounts receivable | 281 | €3,450,000 | €3,453,302 | +€3,302 | +0.1% |
| Current assets | 29/58 | €34,486 | €53,188 | +€18,702 | +54.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €34,486 | €53,188 | +€18,702 | +54.2% |
| Total equity and liabilities | 10/49 | €7,399,576 | €7,301,914 | -€97,662 | -1.3% |
| Equity | 10/15 | €1,492,239 | €1,078,841 | -€413,398 | -27.7% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,052,239 | €638,841 | -€413,398 | -39.3% |
| Amounts payable | 17/49 | €5,907,337 | €6,223,073 | +€315,736 | +5.3% |
| Amounts payable after more than one year | 17 | €4,656,536 | €4,086,757 | -€569,779 | -12.2% |
| Financial debts | 170/4 | €4,508,036 | €3,815,257 | -€692,779 | -15.4% |
| Credit institutions | 173 | €4,508,036 | €3,815,257 | -€692,779 | -15.4% |
| Other amounts payable | 178/9 | €148,500 | €271,500 | +€123,000 | +82.8% |
| Amounts payable within one year | 42/48 | €1,223,568 | €2,110,295 | +€886,726 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €690,180 | €692,779 | +€2,599 | +0.4% |
| Trade debts | 44 | €8,795 | €2,315 | -€6,479 | -73.7% |
| Suppliers | 440/4 | €8,795 | €2,315 | -€6,479 | -73.7% |
| Taxes, remuneration and social security | 45 | €10,097 | €15,201 | +€5,103 | +50.5% |
| Taxes | 450/3 | €10,097 | €15,201 | +€5,103 | +50.5% |
| Other amounts payable | 47/48 | €514,497 | €1,400,000 | +€885,503 | +172% |
| Accrued charges and deferred income | 492/3 | €27,232 | €26,021 | -€1,212 | -4.4% |
| Operating income | 70/76A | €549,832 | €567,193 | +€17,361 | +3.2% |
| Turnover | 70 | €549,832 | €567,193 | +€17,361 | +3.2% |
| Operating charges | 60/66A | €225,465 | €235,256 | +€9,791 | +4.3% |
| Services and other goods | 61 | €44,199 | €54,504 | +€10,306 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,314 | €119,666 | -€2,648 | -2.2% |
| Other operating charges | 640/8 | €58,953 | €61,085 | +€2,133 | +3.6% |
| Operating profit (loss) | 9901 | €324,367 | €331,937 | +€7,570 | +2.3% |
| Financial income | 75/76B | €800,000 | €800,000 | = | 0.0% |
| Recurring financial income | 75 | €800,000 | €800,000 | = | 0.0% |
| Income from financial fixed assets | 750 | €800,000 | €800,000 | = | 0.0% |
| Financial charges | 65/66B | €95,178 | €83,134 | -€12,044 | -12.7% |
| Recurring financial charges | 65 | €95,178 | €83,134 | -€12,044 | -12.7% |
| Debt charges | 650 | €94,496 | €82,411 | -€12,085 | -12.8% |
| Other financial charges | 652/9 | €682 | €723 | +€42 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €1,029,189 | €1,048,803 | +€19,614 | +1.9% |
| Income taxes | 67/77 | €57,297 | €62,201 | +€4,903 | +8.6% |
| Taxes | 670/3 | €57,297 | €62,201 | +€4,903 | +8.6% |
| Profit (loss) for the period | 9904 | €971,892 | €986,602 | +€14,710 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €971,892 | €986,602 | +€14,710 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.