Immo Herva: 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 Herva
NACE 13.960, Manufacture of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€69,488
2024 · -€37,587-€31,901
Equity
€180,734
2024 · €250,925-€70,191
Cash
€14,307
2024 · €49,495-€35,187
Balance sheet total
€2.2m
2024 · €2.4m-€193,593
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+286%), from €574,910 to €2.2m
of which Land and buildings: +€1.7m
- Receivables within one year -€833,810
down €833,810 (-100.0%), from €833,810 to €0
of which Trade receivables: -€659,511
- Stocks and contracts -€817,921
no longer reported in 2025 (was €817,921)
- Intangible fixed assets -€112,351
no longer reported in 2025 (was €112,351)
- Deferred charges and accrued income -€37,531
no longer reported in 2025 (was €37,531)
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+292%), from €454,040 to €1.8m
- Short-term financial debts -€879,860
no longer reported in 2025 (was €879,860)
- Trade debts -€396,774
down €396,774 (-94.8%), from €418,322 to €21,548
- Tax, wage and social debts -€185,304
no longer reported in 2025 (was €185,304)
of which Taxes: -€117,077
- Other debts +€142,359
new in 2025: €142,359
Income statement
- Turnover -€3.3m
no longer reported in 2025 (was €3.3m)
- Goods and materials -€1.3m
no longer reported in 2025 (was €1.3m)
of which Purchases: -€1.5m
- Services and other goods -€1.0m
down €1.0m (-96.8%), from €1.0m to €33,568
- Staff costs -€695,455
no longer reported in 2025 (was €695,455)
- Financial charges -€109,821
down €109,821 (-78.3%), from €140,282 to €30,461
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.
Result 2024
-€37,587
Turnover
-€3.3m
Other operating income
+€28,689
Goods and materials
+€1.3m
Services and other goods
+€1.0m
Staff costs
+€695,455
Depreciation
+€74,122
Write-downs
+€44,466
Other operating charges
+€52,357
Other operating items
-€250
Financial income
-€7,670
Financial charges
+€109,821
Taxes
+€1,874
Result 2025
-€69,488
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€1.6m
Financing
+€455,614
Cash 2024
€49,495
From operations (derived)
+€1.1m
Net result for the year
-€69,488
Depreciation
+€91,160
Stocks and contracts
+€817,921
Receivables within one year
+€833,810
Deferred charges and accrued income
+€37,531
Trade debts
-€396,774
Tax, wage and social debts
-€185,304
Advances received
-€140,000
Other debts
+€142,359
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€455,614
Debts after one year
+€1.3m
Current portion of long-term debt
+€8,293
Short-term financial debts
-€879,860
Contributions, distributions and other
-€703
Cash 2025
€14,307
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,426,152 | €2,232,558 | -€193,593 | -8.0% |
| Fixed assets | 21/28 | €687,395 | €2,218,251 | +€1.5m | +223% |
| Intangible fixed assets | 21 | €112,351 | - | -€112,351 | |
| Tangible fixed assets | 22/27 | €574,910 | €2,218,251 | +€1.6m | +286% |
| Land and buildings | 22 | €522,615 | €2,218,251 | +€1.7m | +324% |
| Plant, machinery and equipment | 23 | €14,071 | - | -€14,071 | |
| Furniture and vehicles | 24 | €32,809 | - | -€32,809 | |
| Other tangible fixed assets | 26 | €5,415 | - | -€5,415 | |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Other financial fixed assets | 284/8 | €135 | - | -€135 | |
| Amounts receivable and cash guarantees | 285/8 | €135 | - | -€135 | |
| Current assets | 29/58 | €1,738,756 | €14,308 | -€1.7m | -99.2% |
| Stocks and contracts in progress | 3 | €817,921 | - | -€817,921 | |
| Stocks | 30/36 | €817,921 | - | -€817,921 | |
| Goods purchased for resale | 34 | €817,921 | - | -€817,921 | |
| Amounts receivable within one year | 40/41 | €833,810 | €0 | -€833,810 | -100.0% |
| Trade receivables | 40 | €659,511 | - | -€659,511 | |
| Other amounts receivable | 41 | €174,299 | €0 | -€174,298 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,495 | €14,307 | -€35,187 | -71.1% |
| Deferred charges and accrued income | 490/1 | €37,531 | - | -€37,531 | |
| Total equity and liabilities | 10/49 | €2,426,152 | €2,232,558 | -€193,593 | -8.0% |
| Equity | 10/15 | €250,925 | €180,734 | -€70,191 | -28.0% |
| Contributions | 10/11 | €40,486 | €61,500 | +€21,014 | +51.9% |
| Capital | 10 | €40,486 | €61,500 | +€21,014 | +51.9% |
| Issued capital | 100 | €40,486 | €61,500 | +€21,014 | +51.9% |
| Reserves | 13 | €248,026 | €226,195 | -€21,831 | -8.8% |
| Distributable reserves | 133 | €248,026 | €226,195 | -€21,831 | -8.8% |
| Profit (loss) carried forward | 14 | -€37,587 | -€106,961 | -€69,374 | -185% |
| Amounts payable | 17/49 | €2,175,227 | €2,051,825 | -€123,402 | -5.7% |
| Amounts payable after more than one year | 17 | €454,040 | €1,781,924 | +€1.3m | +292% |
| Financial debts | 170/4 | €454,040 | €1,781,924 | +€1.3m | +292% |
| Credit institutions | 173 | €454,040 | €1,781,924 | +€1.3m | +292% |
| Amounts payable within one year | 42/48 | €1,721,187 | €269,901 | -€1.5m | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €97,701 | €105,994 | +€8,293 | +8.5% |
| Financial debts | 43 | €879,860 | - | -€879,860 | |
| Credit institutions | 430/8 | €879,860 | - | -€879,860 | |
| Trade debts | 44 | €418,322 | €21,548 | -€396,774 | -94.8% |
| Suppliers | 440/4 | €418,322 | €21,548 | -€396,774 | -94.8% |
| Advances received on contracts in progress | 46 | €140,000 | - | -€140,000 | |
| Taxes, remuneration and social security | 45 | €185,304 | - | -€185,304 | |
| Taxes | 450/3 | €117,077 | - | -€117,077 | |
| Remuneration and social security | 454/9 | €68,227 | - | -€68,227 | |
| Other amounts payable | 47/48 | - | €142,359 | +€142,359 | |
| Operating income | 70/76A | €3,376,160 | €101,567 | -€3.3m | -97.0% |
| Turnover | 70 | €3,303,033 | - | -€3.3m | |
| Other operating income | 74 | €72,877 | €101,567 | +€28,689 | +39.4% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Operating charges | 60/66A | €3,279,263 | €140,594 | -€3.1m | -95.7% |
| Goods for resale, raw materials and consumables | 60 | €1,263,200 | - | -€1.3m | |
| Purchases | 600/8 | €1,541,987 | - | -€1.5m | |
| Change in stocks: decrease (increase) | 609 | -€278,787 | - | +€278,787 | |
| Services and other goods | 61 | €1,042,637 | €33,568 | -€1.0m | -96.8% |
| Remuneration, social security and pensions | 62 | €695,455 | - | -€695,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,283 | €91,160 | -€74,122 | -44.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,466 | - | -€44,466 | |
| Other operating charges | 640/8 | €68,222 | €15,866 | -€52,357 | -76.7% |
| Operating profit (loss) | 9901 | €96,898 | -€39,028 | -€135,925 | |
| Financial income | 75/76B | €7,670 | - | -€7,670 | |
| Recurring financial income | 75 | €7,670 | - | -€7,670 | |
| Other financial income | 752/9 | €7,670 | - | -€7,670 | |
| Financial charges | 65/66B | €140,282 | €30,461 | -€109,821 | -78.3% |
| Recurring financial charges | 65 | €140,282 | €30,461 | -€109,821 | -78.3% |
| Debt charges | 650 | - | €27,747 | +€27,747 | |
| Other financial charges | 652/9 | €140,282 | €2,713 | -€137,568 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,714 | -€69,488 | -€33,775 | -94.6% |
| Income taxes | 67/77 | €1,874 | - | -€1,874 | |
| Taxes | 670/3 | €2,425 | - | -€2,425 | |
| Tax adjustments and reversals of tax provisions | 77 | €551 | - | -€551 | |
| Profit (loss) for the period | 9904 | -€37,587 | -€69,488 | -€31,901 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,587 | -€69,488 | -€31,901 | -84.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.