IMMO HKVT: 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 HKVT
Largest movements
- Tangible fixed assets +€535,397
up €535,397 (+64.0%), from €836,481 to €1.4m
of which Land and buildings: +€454,399
- Cash +€90,556
up €90,556 (+454.6%), from €19,919 to €110,475
mainly Debts after one year (+€636,281) and Depreciation (+€54,807)
- Debts after one year +€636,281
up €636,281 (+67.6%), from €941,502 to €1.6m
- Current portion of long-term debt +€39,517
up €39,517 (+104.0%), from €37,983 to €77,500
- Profit (loss) carried forward -€35,707
down €35,707 (-25.0%), from -€142,646 to -€178,353
- Trade debts -€14,850
down €14,850 (-97.5%), from €15,224 to €375
- Gross operating margin +€35,327
up €35,327 (+105.6%), from €33,461 to €68,788
- Depreciation +€24,585
up €24,585 (+81.3%), from €30,222 to €54,807
- Financial charges +€18,203
up €18,203 (+63.6%), from €28,606 to €46,808
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 | €858,063 | €1,483,304 | +€625,240 | +72.9% |
| Fixed assets | 21/28 | €836,481 | €1,371,878 | +€535,397 | +64.0% |
| Tangible fixed assets | 22/27 | €836,481 | €1,371,878 | +€535,397 | +64.0% |
| Land and buildings | 22 | €818,698 | €1,273,097 | +€454,399 | +55.5% |
| Plant, machinery and equipment | 23 | €1,321 | €30,277 | +€28,956 | +2192.0% |
| Furniture and vehicles | 24 | €16,462 | €68,504 | +€52,042 | +316.1% |
| Current assets | 29/58 | €21,583 | €111,426 | +€89,843 | +416.3% |
| Cash at bank and in hand | 54/58 | €19,919 | €110,475 | +€90,556 | +454.6% |
| Deferred charges and accrued income | 490/1 | €1,663 | €951 | -€713 | -42.9% |
| Total equity and liabilities | 10/49 | €858,063 | €1,483,304 | +€625,240 | +72.9% |
| Equity | 10/15 | -€136,646 | -€172,353 | -€35,707 | -26.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,646 | -€178,353 | -€35,707 | -25.0% |
| Amounts payable | 17/49 | €994,709 | €1,655,657 | +€660,947 | +66.4% |
| Amounts payable after more than one year | 17 | €941,502 | €1,577,782 | +€636,281 | +67.6% |
| Financial debts | 170/4 | €941,502 | €1,577,782 | +€636,281 | +67.6% |
| Amounts payable within one year | 42/48 | €53,208 | €77,874 | +€24,667 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €37,983 | €77,500 | +€39,517 | +104.0% |
| Trade debts | 44 | €15,224 | €375 | -€14,850 | -97.5% |
| Suppliers | 440/4 | €15,224 | €375 | -€14,850 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,222 | €54,807 | +€24,585 | +81.3% |
| Other operating charges | 640/8 | €2,767 | €2,880 | +€113 | +4.1% |
| Gross operating margin | 9900 | €33,461 | €68,788 | +€35,327 | +105.6% |
| Operating profit (loss) | 9901 | €472 | €11,101 | +€10,629 | +2251.3% |
| Financial charges | 65/66B | €28,606 | €46,808 | +€18,203 | +63.6% |
| Recurring financial charges | 65 | €28,606 | €46,808 | +€18,203 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,133 | -€35,707 | -€7,574 | -26.9% |
| Profit (loss) for the period | 9904 | -€28,133 | -€35,707 | -€7,574 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,133 | -€35,707 | -€7,574 | -26.9% |
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 10 October 2026 via checked.be.