IMMO HERENBO: 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 HERENBO
Largest movements
- Receivables after one year +€280,711
new in 2025: €280,711
- Tangible fixed assets -€164,674
down €164,674 (-12.0%), from €1.4m to €1.2m
of which Land and buildings: -€151,109
- Receivables within one year -€142,598
down €142,598 (-39.1%), from €364,293 to €221,695
of which Other amounts receivable: -€142,598
- Cash +€117,949
up €117,949 (+972%), from €12,139 to €130,087
mainly Net result for the year (+€502,277) and Receivables within one year (+€142,598)
- Reserves +€505,996
up €505,996 (+68.3%), from €740,790 to €1.2m
of which Distributable reserves: +€490,000
- Short-term financial debts -€218,000
no longer reported in 2025 (was €218,000)
- Other debts -€120,000
no longer reported in 2025 (was €120,000)
- Debts after one year -€53,620
down €53,620 (-62.1%), from €86,408 to €32,788
- Gross operating margin +€727,225
up €727,225, from -€6,571 to €720,654
- Taxes +€147,100
up €147,100 (+6,046%), from €2,433 to €149,533
- Financial charges -€14,572
down €14,572 (-59.2%), from €24,622 to €10,050
- Depreciation -€14,268
down €14,268 (-21.4%), from €66,685 to €52,417
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 | €1,752,196 | €1,843,583 | +€91,387 | +5.2% |
| Fixed assets | 21/28 | €1,375,764 | €1,211,090 | -€164,674 | -12.0% |
| Tangible fixed assets | 22/27 | €1,375,764 | €1,211,090 | -€164,674 | -12.0% |
| Land and buildings | 22 | €1,334,021 | €1,182,912 | -€151,109 | -11.3% |
| Plant, machinery and equipment | 23 | €7,227 | €3,718 | -€3,509 | -48.6% |
| Furniture and vehicles | 24 | €34,516 | €24,461 | -€10,056 | -29.1% |
| Current assets | 29/58 | €376,431 | €632,493 | +€256,062 | +68.0% |
| Amounts receivable after more than one year | 29 | - | €280,711 | +€280,711 | |
| Other amounts receivable | 291 | - | €280,711 | +€280,711 | |
| Amounts receivable within one year | 40/41 | €364,293 | €221,695 | -€142,598 | -39.1% |
| Trade receivables | 40 | €1,207 | €1,207 | = | 0.0% |
| Other amounts receivable | 41 | €363,085 | €220,487 | -€142,598 | -39.3% |
| Cash at bank and in hand | 54/58 | €12,139 | €130,087 | +€117,949 | +972% |
| Total equity and liabilities | 10/49 | €1,752,196 | €1,843,583 | +€91,387 | +5.2% |
| Equity | 10/15 | €1,247,232 | €1,744,936 | +€497,705 | +39.9% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €740,790 | €1,246,786 | +€505,996 | +68.3% |
| Non-distributable reserves | 130/1 | €29,010 | €49,579 | +€20,569 | +70.9% |
| Legal reserve | 130 | €29,010 | €49,579 | +€20,569 | +70.9% |
| Tax-exempt reserves | 132 | €11,780 | €7,207 | -€4,573 | -38.8% |
| Distributable reserves | 133 | €700,000 | €1,190,000 | +€490,000 | +70.0% |
| Profit (loss) carried forward | 14 | €10,655 | €2,363 | -€8,292 | -77.8% |
| Provisions and deferred taxes | 16 | €3,927 | €2,402 | -€1,524 | -38.8% |
| Deferred taxes | 168 | €3,927 | €2,402 | -€1,524 | -38.8% |
| Amounts payable | 17/49 | €501,037 | €96,244 | -€404,793 | -80.8% |
| Amounts payable after more than one year | 17 | €86,408 | €32,788 | -€53,620 | -62.1% |
| Financial debts | 170/4 | €86,408 | €32,788 | -€53,620 | -62.1% |
| Amounts payable within one year | 42/48 | €408,435 | €61,330 | -€347,105 | -85.0% |
| Current portion of amounts payable after more than one year | 42 | €50,514 | €53,620 | +€3,106 | +6.1% |
| Financial debts | 43 | €218,000 | - | -€218,000 | |
| Credit institutions | 430/8 | €218,000 | - | -€218,000 | |
| Trade debts | 44 | €18,496 | €7,710 | -€10,786 | -58.3% |
| Suppliers | 440/4 | €18,496 | €7,710 | -€10,786 | -58.3% |
| Taxes, remuneration and social security | 45 | €1,425 | - | -€1,425 | |
| Taxes | 450/3 | €1,425 | - | -€1,425 | |
| Other amounts payable | 47/48 | €120,000 | - | -€120,000 | |
| Accrued charges and deferred income | 492/3 | €6,195 | €2,126 | -€4,068 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,685 | €52,417 | -€14,268 | -21.4% |
| Other operating charges | 640/8 | €15,403 | €16,321 | +€919 | +6.0% |
| Gross operating margin | 9900 | -€6,571 | €720,654 | +€727,225 | |
| Operating profit (loss) | 9901 | -€88,659 | €651,916 | +€740,575 | |
| Financial income | 75/76B | €3,864 | €3,848 | -€17 | -0.4% |
| Recurring financial income | 75 | €3,864 | €3,848 | -€17 | -0.4% |
| Financial charges | 65/66B | €24,622 | €10,050 | -€14,572 | -59.2% |
| Recurring financial charges | 65 | €24,622 | €10,050 | -€14,572 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | -€109,416 | €645,713 | +€755,129 | |
| Transfer from deferred taxes | 780 | €1,295 | €6,097 | +€4,802 | +371% |
| Income taxes | 67/77 | €2,433 | €149,533 | +€147,100 | +6,046% |
| Profit (loss) for the period | 9904 | -€110,554 | €502,277 | +€612,832 | |
| Transfer from tax-exempt reserves | 789 | €3,885 | - | -€3,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,670 | €502,277 | +€608,947 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.