IMMO HESTERS: what changed
What changed
IMMO HESTERS
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€64,070
2024 · €161,241-€225,311
Equity
€1.0m
2024 · €2.0m-€954,070
Cash
€9,575
2024 · €8+€9,566
Balance sheet total
€4.8m
2024 · €5.0m-€202,667
Largest movements
Assets
- Tangible fixed assets -€227,342
down €227,342 (-4.9%), from €4.6m to €4.4m
of which Land and buildings: -€193,174
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+316%), from €331,247 to €1.4m
- Reserves -€953,876
down €953,876 (-69.4%), from €1.4m to €420,124
of which Distributable reserves: -€895,692
- Debts after one year -€525,156
down €525,156 (-34.6%), from €1.5m to €992,283
- Trade debts +€149,158
up €149,158 (+66.6%), from €223,976 to €373,134
- Tax, wage and social debts +€94,711
up €94,711 (+136%), from €69,837 to €164,548
of which Taxes: +€92,030
Income statement
- Gross operating margin -€118,074
down €118,074 (-18.9%), from €626,009 to €507,935
- Taxes +€83,187
up €83,187 (+103%), from €80,837 to €164,023
- Staff costs +€49,410
up €49,410 (+582%), from €8,484 to €57,894
- Depreciation -€20,103
down €20,103 (-6.4%), from €313,768 to €293,666
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€161,241
Gross operating margin
-€118,074
Staff costs
-€49,410
Depreciation
+€20,103
Other operating charges
-€1,867
Other operating items
+€198
Financial income
+€391
Financial charges
-€1,292
Taxes
-€83,187
Deferred taxes and other
+€7,828
Result 2025
-€64,070
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€60,961
Financing
-€1.4m
Cash 2024
€8
From operations (derived)
+€1.5m
Net result for the year
-€64,070
Depreciation
+€293,666
Receivables within one year
-€20,691
Deferred charges and accrued income
+€221
Provisions
-€19,395
Trade debts
+€149,158
Tax, wage and social debts
+€94,711
Other debts
+€1.0m
Accrued charges and deferred income
+€3,726
Investment (derived)
-€60,961
Investment in fixed assets (net)
-€60,961
Financing
-€1.4m
Debts after one year
-€525,156
Current portion of long-term debt
-€71,730
Short-term financial debts
+€73,584
Contributions, distributions and other
-€890,000
Cash 2025
€9,575
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,974,785 | €4,772,117 | -€202,667 | -4.1% |
| Fixed assets | 21/28 | €4,843,847 | €4,611,143 | -€232,704 | -4.8% |
| Intangible fixed assets | 21 | €182,823 | €177,461 | -€5,362 | -2.9% |
| Tangible fixed assets | 22/27 | €4,637,304 | €4,409,962 | -€227,342 | -4.9% |
| Land and buildings | 22 | €4,235,249 | €4,042,075 | -€193,174 | -4.6% |
| Plant, machinery and equipment | 23 | €103,612 | €96,565 | -€7,047 | -6.8% |
| Furniture and vehicles | 24 | €298,443 | €271,322 | -€27,121 | -9.1% |
| Financial fixed assets | 28 | €23,720 | €23,720 | = | 0.0% |
| Current assets | 29/58 | €130,938 | €160,974 | +€30,037 | +22.9% |
| Amounts receivable within one year | 40/41 | €126,312 | €147,003 | +€20,691 | +16.4% |
| Trade receivables | 40 | €109,093 | €119,179 | +€10,086 | +9.2% |
| Other amounts receivable | 41 | €17,218 | €27,823 | +€10,605 | +61.6% |
| Cash at bank and in hand | 54/58 | €8 | €9,575 | +€9,566 | +117,523% |
| Deferred charges and accrued income | 490/1 | €4,618 | €4,397 | -€221 | -4.8% |
| Total equity and liabilities | 10/49 | €4,974,785 | €4,772,117 | -€202,667 | -4.1% |
| Equity | 10/15 | €1,987,255 | €1,033,185 | -€954,070 | -48.0% |
| Contributions | 10/11 | €613,061 | €613,061 | = | 0.0% |
| Reserves | 13 | €1,374,000 | €420,124 | -€953,876 | -69.4% |
| Tax-exempt reserves | 132 | €467,585 | €409,401 | -€58,185 | -12.4% |
| Distributable reserves | 133 | €906,415 | €10,723 | -€895,692 | -98.8% |
| Profit (loss) carried forward | 14 | €193 | - | -€193 | |
| Provisions and deferred taxes | 16 | €153,163 | €133,769 | -€19,395 | -12.7% |
| Deferred taxes | 168 | €153,163 | €133,769 | -€19,395 | -12.7% |
| Amounts payable | 17/49 | €2,834,367 | €3,605,164 | +€770,797 | +27.2% |
| Amounts payable after more than one year | 17 | €1,517,440 | €992,283 | -€525,156 | -34.6% |
| Financial debts | 170/4 | €1,517,440 | €992,283 | -€525,156 | -34.6% |
| Amounts payable within one year | 42/48 | €1,295,723 | €2,587,951 | +€1.3m | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €596,887 | €525,157 | -€71,730 | -12.0% |
| Financial debts | 43 | €73,778 | €147,362 | +€73,584 | +99.7% |
| Credit institutions | 430/8 | €73,778 | €147,362 | +€73,584 | +99.7% |
| Trade debts | 44 | €223,976 | €373,134 | +€149,158 | +66.6% |
| Suppliers | 440/4 | €223,976 | €373,134 | +€149,158 | +66.6% |
| Taxes, remuneration and social security | 45 | €69,837 | €164,548 | +€94,711 | +136% |
| Taxes | 450/3 | €65,442 | €157,472 | +€92,030 | +141% |
| Remuneration and social security | 454/9 | €4,395 | €7,076 | +€2,682 | +61.0% |
| Other amounts payable | 47/48 | €331,247 | €1,377,751 | +€1.0m | +316% |
| Accrued charges and deferred income | 492/3 | €21,204 | €24,929 | +€3,726 | +17.6% |
| Non-recurring operating income | 76A | - | €22,834 | +€22,834 | |
| Remuneration, social security and pensions | 62 | €8,484 | €57,894 | +€49,410 | +582% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,768 | €293,666 | -€20,103 | -6.4% |
| Other operating charges | 640/8 | €11,001 | €12,868 | +€1,867 | +17.0% |
| Non-recurring operating charges | 66A | €198 | - | -€198 | |
| Gross operating margin | 9900 | €626,009 | €507,935 | -€118,074 | -18.9% |
| Operating profit (loss) | 9901 | €292,557 | €143,507 | -€149,051 | -50.9% |
| Financial income | 75/76B | €272 | €663 | +€391 | +144% |
| Recurring financial income | 75 | €272 | €663 | +€391 | +144% |
| Financial charges | 65/66B | €62,319 | €63,611 | +€1,292 | +2.1% |
| Recurring financial charges | 65 | €62,319 | €63,611 | +€1,292 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €230,510 | €80,559 | -€149,951 | -65.1% |
| Transfer from deferred taxes | 780 | €11,567 | €19,395 | +€7,828 | +67.7% |
| Income taxes | 67/77 | €80,837 | €164,023 | +€83,187 | +103% |
| Profit (loss) for the period | 9904 | €161,241 | -€64,070 | -€225,311 | |
| Transfer from tax-exempt reserves | 789 | €34,702 | €58,185 | +€23,483 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €195,942 | -€5,885 | -€201,828 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.