Immo Hesbaye-Condroz: 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 Hesbaye-Condroz
Largest movements
- Tangible fixed assets -€16,706
down €16,706 (-12.6%), from €132,912 to €116,206
- Cash +€16,200
up €16,200 (+9.5%), from €170,325 to €186,525
mainly Other debts (+€97,250) and Tax, wage and social debts (+€27,750)
- Deferred charges and accrued income +€7,442
up €7,442 (+1,113%), from €668 to €8,111
- Reserves -€110,000
down €110,000 (-40.5%), from €271,460 to €161,460
of which Distributable reserves: -€110,000
- Other debts +€97,250
new in 2025: €97,250
- Tax, wage and social debts +€27,750
new in 2025: €27,750
- Profit (loss) carried forward -€5,332
down €5,332 (-63.5%), from €8,392 to €3,060
- Gross operating margin +€8,610
up €8,610 (+40.8%), from €21,085 to €29,695
- Financial income +€1,374
up €1,374 (+206%), from €668 to €2,042
- Taxes -€399
no longer reported in 2025 (was €399)
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 | €303,905 | €311,256 | +€7,351 | +2.4% |
| Fixed assets | 21/28 | €132,912 | €116,206 | -€16,706 | -12.6% |
| Tangible fixed assets | 22/27 | €132,912 | €116,206 | -€16,706 | -12.6% |
| Land and buildings | 22 | €132,912 | €116,206 | -€16,706 | -12.6% |
| Current assets | 29/58 | €170,994 | €195,050 | +€24,057 | +14.1% |
| Amounts receivable within one year | 40/41 | - | €414 | +€414 | |
| Other amounts receivable | 41 | - | €414 | +€414 | |
| Cash at bank and in hand | 54/58 | €170,325 | €186,525 | +€16,200 | +9.5% |
| Deferred charges and accrued income | 490/1 | €668 | €8,111 | +€7,442 | +1,113% |
| Total equity and liabilities | 10/49 | €303,905 | €311,256 | +€7,351 | +2.4% |
| Equity | 10/15 | €298,452 | €183,120 | -€115,332 | -38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,460 | €161,460 | -€110,000 | -40.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,100 | €83,100 | = | 0.0% |
| Distributable reserves | 133 | €186,500 | €76,500 | -€110,000 | -59.0% |
| Profit (loss) carried forward | 14 | €8,392 | €3,060 | -€5,332 | -63.5% |
| Amounts payable | 17/49 | €5,453 | €128,137 | +€122,683 | +2,250% |
| Amounts payable within one year | 42/48 | - | €125,000 | +€125,000 | |
| Taxes, remuneration and social security | 45 | - | €27,750 | +€27,750 | |
| Taxes | 450/3 | - | €27,750 | +€27,750 | |
| Other amounts payable | 47/48 | - | €97,250 | +€97,250 | |
| Accrued charges and deferred income | 492/3 | €5,453 | €3,137 | -€2,317 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,706 | €16,706 | = | 0.0% |
| Other operating charges | 640/8 | €5,118 | €5,279 | +€161 | +3.1% |
| Gross operating margin | 9900 | €21,085 | €29,695 | +€8,610 | +40.8% |
| Operating profit (loss) | 9901 | -€739 | €7,710 | +€8,449 | |
| Financial income | 75/76B | €668 | €2,042 | +€1,374 | +206% |
| Recurring financial income | 75 | €668 | €2,042 | +€1,374 | +206% |
| Financial charges | 65/66B | €78 | €85 | +€7 | +8.5% |
| Recurring financial charges | 65 | €78 | €85 | +€7 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€149 | €9,668 | +€9,816 | |
| Income taxes | 67/77 | €399 | - | -€399 | |
| Profit (loss) for the period | 9904 | -€548 | €9,668 | +€10,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€548 | €9,668 | +€10,215 |
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 30 October 2026 via checked.be.