Immo Heyvaert: 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 Heyvaert
Largest movements
- Cash +€12,198
up €12,198 (+89.6%), from €13,616 to €25,813
mainly Receivables within one year (+€11,737) and Net result for the year (+€320)
- Receivables within one year -€11,737
no longer reported in 2025 (was €11,737)
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€1,156
up €1,156 (+9.8%), from €11,737 to €12,892
- Gross operating margin -€513
down €513 (-3.7%), from €13,887 to €13,373
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 | €450,768 | €451,229 | +€461 | +0.1% |
| Fixed assets | 21/28 | €422,494 | €422,494 | = | 0.0% |
| Tangible fixed assets | 22/27 | €422,494 | €422,494 | = | 0.0% |
| Land and buildings | 22 | €422,494 | €422,494 | = | 0.0% |
| Current assets | 29/58 | €28,273 | €28,734 | +€461 | +1.6% |
| Amounts receivable within one year | 40/41 | €11,737 | - | -€11,737 | |
| Trade receivables | 40 | €11,737 | - | -€11,737 | |
| Cash at bank and in hand | 54/58 | €13,616 | €25,813 | +€12,198 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,921 | €2,921 | = | 0.0% |
| Total equity and liabilities | 10/49 | €450,768 | €451,229 | +€461 | +0.1% |
| Equity | 10/15 | €450,279 | €450,599 | +€320 | +0.1% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €279 | €599 | +€320 | +114.4% |
| Distributable reserves | 133 | €279 | €599 | +€320 | +114.4% |
| Amounts payable | 17/49 | €488 | €630 | +€141 | +28.9% |
| Amounts payable within one year | 42/48 | €488 | €630 | +€141 | +28.9% |
| Trade debts | 44 | - | €53 | +€53 | |
| Suppliers | 440/4 | - | €53 | +€53 | |
| Taxes, remuneration and social security | 45 | - | €116 | +€116 | |
| Taxes | 450/3 | - | €116 | +€116 | |
| Other amounts payable | 47/48 | €488 | €461 | -€28 | -5.7% |
| Other operating charges | 640/8 | €11,737 | €12,892 | +€1,156 | +9.8% |
| Gross operating margin | 9900 | €13,887 | €13,373 | -€513 | -3.7% |
| Operating profit (loss) | 9901 | €2,150 | €481 | -€1,669 | -77.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,107 | €436 | -€1,670 | -79.3% |
| Income taxes | 67/77 | - | €116 | +€116 | |
| Profit (loss) for the period | 9904 | €2,107 | €320 | -€1,787 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,107 | €320 | -€1,787 | -84.8% |
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.