IMMO HERMIC: 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 HERMIC
Largest movements
- Cash +€194,632
up €194,632 (+148.0%), from €131,506 to €326,138
mainly Net result for the year (+€196,728) and Depreciation (+€119,274)
- Tangible fixed assets -€119,274
down €119,274 (-9.2%), from €1.3m to €1.2m
of which Land and buildings: -€113,006
- Profit (loss) carried forward +€196,728
up €196,728 (+42.2%), from €466,626 to €663,354
- Current portion of long-term debt -€63,650
down €63,650 (-47.1%), from €135,054 to €71,404
- Debts after one year -€61,247
down €61,247 (-51.1%), from €119,950 to €58,703
of which Financial debts: -€61,247
- Other debts +€53,362
up €53,362 (+16.2%), from €330,089 to €383,451
- Reserves -€50,895
down €50,895 (-16.4%), from €310,595 to €259,700
of which Distributable reserves: -€50,895
- Depreciation -€35,903
down €35,903 (-23.1%), from €155,177 to €119,274
- Other operating charges +€22,851
up €22,851 (+490.1%), from €4,663 to €27,514
- Gross operating margin +€8,279
up €8,279 (+2.0%), from €412,383 to €420,661
- Financial charges -€7,316
down €7,316 (-38.9%), from €18,801 to €11,486
- Taxes +€7,224
up €7,224 (+12.4%), from €58,436 to €65,660
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 | €1,426,379 | €1,503,101 | +€76,721 | +5.4% |
| Fixed assets | 21/28 | €1,293,203 | €1,173,929 | -€119,274 | -9.2% |
| Tangible fixed assets | 22/27 | €1,292,722 | €1,173,447 | -€119,274 | -9.2% |
| Land and buildings | 22 | €1,263,513 | €1,150,507 | -€113,006 | -8.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €29,209 | €22,940 | -€6,268 | -21.5% |
| Financial fixed assets | 28 | €482 | €482 | = | 0.0% |
| Current assets | 29/58 | €133,176 | €329,172 | +€195,996 | +147.2% |
| Amounts receivable within one year | 40/41 | €1,670 | €3,034 | +€1,364 | +81.7% |
| Other amounts receivable | 41 | €1,670 | €3,034 | +€1,364 | +81.7% |
| Cash at bank and in hand | 54/58 | €131,506 | €326,138 | +€194,632 | +148.0% |
| Total equity and liabilities | 10/49 | €1,426,379 | €1,503,101 | +€76,721 | +5.4% |
| Equity | 10/15 | €838,785 | €984,617 | +€145,832 | +17.4% |
| Contributions | 10/11 | €61,563 | €61,563 | = | 0.0% |
| Capital | 10 | €61,563 | €61,563 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Uncalled capital | 101 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €310,595 | €259,700 | -€50,895 | -16.4% |
| Non-distributable reserves | 130/1 | €121,555 | €121,555 | = | 0.0% |
| Legal reserve | 130 | €121,555 | €121,555 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €170,290 | €119,395 | -€50,895 | -29.9% |
| Profit (loss) carried forward | 14 | €466,626 | €663,354 | +€196,728 | +42.2% |
| Amounts payable | 17/49 | €587,595 | €518,483 | -€69,111 | -11.8% |
| Amounts payable after more than one year | 17 | €119,950 | €58,703 | -€61,247 | -51.1% |
| Financial debts | 170/4 | €117,431 | €56,184 | -€61,247 | -52.2% |
| Other amounts payable | 178/9 | €2,519 | €2,519 | = | 0.0% |
| Amounts payable within one year | 42/48 | €467,645 | €458,032 | -€9,612 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €135,054 | €71,404 | -€63,650 | -47.1% |
| Trade debts | 44 | €1,013 | €301 | -€713 | -70.3% |
| Suppliers | 440/4 | €1,013 | €301 | -€713 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,489 | €2,877 | +€1,388 | +93.2% |
| Taxes | 450/3 | €1,489 | €2,877 | +€1,388 | +93.2% |
| Other amounts payable | 47/48 | €330,089 | €383,451 | +€53,362 | +16.2% |
| Accrued charges and deferred income | 492/3 | - | €1,748 | +€1,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,177 | €119,274 | -€35,903 | -23.1% |
| Other operating charges | 640/8 | €4,663 | €27,514 | +€22,851 | +490.1% |
| Gross operating margin | 9900 | €412,383 | €420,661 | +€8,279 | +2.0% |
| Operating profit (loss) | 9901 | €252,543 | €273,873 | +€21,330 | +8.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €18,801 | €11,486 | -€7,316 | -38.9% |
| Recurring financial charges | 65 | €18,801 | €11,486 | -€7,316 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €233,742 | €262,387 | +€28,645 | +12.3% |
| Income taxes | 67/77 | €58,436 | €65,660 | +€7,224 | +12.4% |
| Profit (loss) for the period | 9904 | €175,307 | €196,728 | +€21,421 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €175,307 | €196,728 | +€21,421 | +12.2% |
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 6 October 2026 via checked.be.