IMMO HEROS: 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 HEROS
Largest movements
- Financial fixed assets +€790,000
new in 2020: €790,000
- Current assets -€313,920
down €313,920 (-59.6%), from €526,322 to €212,402
of which Cash: -€319,390
- Debts +€516,127
up €516,127 (+446.1%), from €115,690 to €631,817
of which Debts within one year: +€527,568
- Profit (loss) carried forward -€47,180
down €47,180 (-76.7%), from -€61,522 to -€108,703
- Gross operating margin -€46,256
down €46,256, from €10,820 to -€35,436
- Financial charges +€4,497
new in 2020: €4,497
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €706,920 | €1,175,866 | +€468,946 | +66.3% |
| Fixed assets | 21/28 | €180,598 | €963,464 | +€782,867 | +433.5% |
| Tangible fixed assets | 22/27 | €180,598 | €173,464 | -€7,133 | -3.9% |
| Land and buildings | 22 | - | €173,464 | +€173,464 | |
| Financial fixed assets | 28 | - | €790,000 | +€790,000 | |
| Current assets | 29/58 | €526,322 | €212,402 | -€313,920 | -59.6% |
| Amounts receivable within one year | 40/41 | €4,263 | €10,463 | +€6,199 | +145.4% |
| Other amounts receivable | 41 | - | €10,463 | +€10,463 | |
| Cash at bank and in hand | 54/58 | €520,644 | €201,255 | -€319,390 | -61.3% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €706,920 | €1,175,866 | +€468,946 | +66.3% |
| Equity | 10/15 | €591,230 | €544,050 | -€47,180 | -8.0% |
| Contributions | 10/11 | €206,000 | €206,000 | = | 0.0% |
| Capital | 10 | - | €206,000 | +€206,000 | |
| Issued capital | 100 | - | €206,000 | +€206,000 | |
| Reserves | 13 | €446,752 | €446,752 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €20,600 | +€20,600 | |
| Legal reserve | 130 | - | €20,600 | +€20,600 | |
| Distributable reserves | 133 | - | €426,152 | +€426,152 | |
| Profit (loss) carried forward | 14 | -€61,522 | -€108,703 | -€47,180 | -76.7% |
| Amounts payable | 17/49 | €115,690 | €631,817 | +€516,127 | +446.1% |
| Amounts payable after more than one year | 17 | €100,533 | €90,708 | -€9,826 | -9.8% |
| Financial debts | 170/4 | - | €88,308 | +€88,308 | |
| Other amounts payable | 178/9 | - | €2,400 | +€2,400 | |
| Amounts payable within one year | 42/48 | €13,399 | €540,968 | +€527,568 | +3937.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,226 | +€12,226 | |
| Trade debts | 44 | €1,692 | €3,250 | +€1,558 | +92.1% |
| Suppliers | 440/4 | - | €3,250 | +€3,250 | |
| Other amounts payable | 47/48 | - | €525,492 | +€525,492 | |
| Accrued charges and deferred income | 492/3 | - | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,133 | €7,133 | = | 0.0% |
| Other operating charges | 640/8 | - | €119 | +€119 | |
| Gross operating margin | 9900 | €10,820 | -€35,436 | -€46,256 | |
| Operating profit (loss) | 9901 | -€400 | -€42,688 | -€42,288 | -10575.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | - | €4,497 | +€4,497 | |
| Recurring financial charges | 65 | €5,410 | €4,497 | -€914 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,810 | -€47,180 | -€41,370 | -712.0% |
| Profit (loss) for the period | 9904 | -€5,810 | -€47,180 | -€41,370 | -712.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,810 | -€47,180 | -€41,370 | -712.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.