IMMO HIPPOCAMPES: 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 HIPPOCAMPES
Largest movements
- Cash +€509,438
up €509,438 (+17,142%), from €2,972 to €512,410
mainly Net result for the year (+€271,400) and Tax, wage and social debts (+€139,891)
- Tangible fixed assets -€156,131
down €156,131 (-23.8%), from €656,583 to €500,452
of which Land and buildings: -€150,794
- Reserves +€270,959
up €270,959 (+120%), from €226,186 to €497,146
of which Distributable reserves: +€280,000
- Tax, wage and social debts +€139,891
up €139,891 (+3,201%), from €4,370 to €144,261
- Debts after one year -€40,665
down €40,665 (-13.4%), from €303,322 to €262,656
of which Financial debts: -€40,665
- Current portion of long-term debt -€16,226
down €16,226 (-40.3%), from €40,249 to €24,023
- Gross operating margin +€396,816
up €396,816 (+511%), from €77,678 to €474,494
- Taxes +€139,891
up €139,891 (+3,201%), from €4,370 to €144,261
- Depreciation -€15,234
down €15,234 (-32.2%), from €47,347 to €32,113
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 | €718,146 | €1,065,964 | +€347,818 | +48.4% |
| Fixed assets | 21/28 | €656,583 | €500,452 | -€156,131 | -23.8% |
| Tangible fixed assets | 22/27 | €656,583 | €500,452 | -€156,131 | -23.8% |
| Land and buildings | 22 | €636,251 | €485,458 | -€150,794 | -23.7% |
| Plant, machinery and equipment | 23 | €20,332 | €14,994 | -€5,338 | -26.3% |
| Current assets | 29/58 | €61,563 | €565,512 | +€503,949 | +819% |
| Amounts receivable within one year | 40/41 | €58,591 | €53,102 | -€5,489 | -9.4% |
| Other amounts receivable | 41 | €58,591 | €53,102 | -€5,489 | -9.4% |
| Cash at bank and in hand | 54/58 | €2,972 | €512,410 | +€509,438 | +17,142% |
| Total equity and liabilities | 10/49 | €718,146 | €1,065,964 | +€347,818 | +48.4% |
| Equity | 10/15 | €355,023 | €626,423 | +€271,400 | +76.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €226,186 | €497,146 | +€270,959 | +120% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €219,989 | €210,948 | -€9,041 | -4.1% |
| Distributable reserves | 133 | - | €280,000 | +€280,000 | |
| Profit (loss) carried forward | 14 | €66,863 | €67,304 | +€441 | +0.7% |
| Amounts payable | 17/49 | €363,123 | €439,541 | +€76,417 | +21.0% |
| Amounts payable after more than one year | 17 | €303,322 | €262,656 | -€40,665 | -13.4% |
| Financial debts | 170/4 | €302,422 | €261,756 | -€40,665 | -13.4% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,801 | €176,884 | +€117,083 | +196% |
| Current portion of amounts payable after more than one year | 42 | €40,249 | €24,023 | -€16,226 | -40.3% |
| Financial debts | 43 | €5,029 | - | -€5,029 | |
| Credit institutions | 430/8 | €5,029 | - | -€5,029 | |
| Trade debts | 44 | €10,154 | €8,601 | -€1,553 | -15.3% |
| Suppliers | 440/4 | €3,134 | €6,304 | +€3,169 | +101% |
| Bills of exchange payable | 441 | €7,020 | €2,297 | -€4,723 | -67.3% |
| Taxes, remuneration and social security | 45 | €4,370 | €144,261 | +€139,891 | +3,201% |
| Taxes | 450/3 | €4,370 | €144,261 | +€139,891 | +3,201% |
| Non-recurring operating income | 76A | - | €410,765 | +€410,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,347 | €32,113 | -€15,234 | -32.2% |
| Other operating charges | 640/8 | €17,932 | €16,820 | -€1,112 | -6.2% |
| Gross operating margin | 9900 | €77,678 | €474,494 | +€396,816 | +511% |
| Operating profit (loss) | 9901 | €12,399 | €425,561 | +€413,162 | +3,332% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €12,368 | €9,900 | -€2,468 | -20.0% |
| Recurring financial charges | 65 | €12,368 | €9,900 | -€2,468 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €55 | €415,661 | +€415,605 | +753,045% |
| Income taxes | 67/77 | €4,370 | €144,261 | +€139,891 | +3,201% |
| Profit (loss) for the period | 9904 | -€4,315 | €271,400 | +€275,715 | |
| Transfer from tax-exempt reserves | 789 | €9,041 | €9,041 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,726 | €280,441 | +€275,715 | +5,834% |
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 17 October 2026 via checked.be.