IMMO TER HILLE: what changed
What changed
IMMO TER HILLE
NACE 46.493, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€25,897
2024 · -€30,207+€56,104
Equity
€2.5m
2024 · €2.4m+€25,897
Cash
€48,446
2024 · €57,213-€8,766
Balance sheet total
€5.7m
2024 · €5.8m-€106,894
Largest movements
Assets
- Tangible fixed assets -€108,308
down €108,308 (-1.9%), from €5.7m to €5.6m
Equity and liabilities
- Other debts -€2.6m
down €2.6m (-96.9%), from €2.7m to €83,280
- Debts after one year +€2.5m
up €2.5m (+521%), from €481,005 to €3.0m
of which Other amounts payable: +€2.6m
Income statement
- Gross operating margin +€34,572
up €34,572 (+13.5%), from €255,953 to €290,525
- Financial charges -€21,885
down €21,885 (-19.5%), from €111,979 to €90,094
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
-€30,207
Gross operating margin
+€34,572
Depreciation
-€2,132
Other operating charges
+€1,778
Financial income
+€0
Financial charges
+€21,885
Result 2025
€25,897
raises the resultlowers the result
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
-€2.5m
Investment
-€25,266
Financing
+€2.5m
Cash 2024
€57,213
From operations (derived)
-€2.5m
Net result for the year
+€25,897
Depreciation
+€133,574
Receivables within one year
-€10,180
Smaller working-capital items
+€87
Other debts
-€2.6m
Investment (derived)
-€25,266
Investment in fixed assets (net)
-€25,266
Financing
+€2.5m
Debts after one year
+€2.5m
Current portion of long-term debt
+€1,396
Cash 2025
€48,446
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,760,566 | €5,653,672 | -€106,894 | -1.9% |
| Fixed assets | 21/28 | €5,667,244 | €5,558,936 | -€108,308 | -1.9% |
| Tangible fixed assets | 22/27 | €5,667,244 | €5,558,936 | -€108,308 | -1.9% |
| Land and buildings | 22 | €5,667,244 | €5,558,936 | -€108,308 | -1.9% |
| Current assets | 29/58 | €93,322 | €94,736 | +€1,414 | +1.5% |
| Amounts receivable within one year | 40/41 | €36,109 | €46,289 | +€10,180 | +28.2% |
| Trade receivables | 40 | €36,109 | €46,289 | +€10,180 | +28.2% |
| Cash at bank and in hand | 54/58 | €57,213 | €48,446 | -€8,766 | -15.3% |
| Total equity and liabilities | 10/49 | €5,760,566 | €5,653,672 | -€106,894 | -1.9% |
| Equity | 10/15 | €2,434,948 | €2,460,845 | +€25,897 | +1.1% |
| Contributions | 10/11 | €1,732,280 | €1,732,280 | = | 0.0% |
| Capital | 10 | €1,732,280 | €1,732,280 | = | 0.0% |
| Issued capital | 100 | €1,732,280 | €1,732,280 | = | 0.0% |
| Revaluation surpluses | 12 | €1,380,767 | €1,380,767 | = | 0.0% |
| Reserves | 13 | €64,700 | €64,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,700 | €64,700 | = | 0.0% |
| Legal reserve | 130 | €64,700 | €64,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€742,799 | -€716,902 | +€25,897 | +3.5% |
| Amounts payable | 17/49 | €3,325,618 | €3,192,827 | -€132,791 | -4.0% |
| Amounts payable after more than one year | 17 | €481,005 | €2,987,445 | +€2.5m | +521% |
| Financial debts | 170/4 | €466,770 | €347,019 | -€119,751 | -25.7% |
| Other amounts payable | 178/9 | €14,235 | €2,640,426 | +€2.6m | +18,449% |
| Amounts payable within one year | 42/48 | €2,844,613 | €205,382 | -€2.6m | -92.8% |
| Current portion of amounts payable after more than one year | 42 | €118,355 | €119,751 | +€1,396 | +1.2% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | €2,138 | €2,223 | +€85 | +4.0% |
| Taxes | 450/3 | €2,138 | €2,223 | +€85 | +4.0% |
| Other amounts payable | 47/48 | €2,723,994 | €83,280 | -€2.6m | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,443 | €133,574 | +€2,132 | +1.6% |
| Other operating charges | 640/8 | €42,738 | €40,960 | -€1,778 | -4.2% |
| Gross operating margin | 9900 | €255,953 | €290,525 | +€34,572 | +13.5% |
| Operating profit (loss) | 9901 | €81,773 | €115,991 | +€34,218 | +41.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €111,979 | €90,094 | -€21,885 | -19.5% |
| Recurring financial charges | 65 | €111,979 | €90,094 | -€21,885 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,207 | €25,897 | +€56,104 | |
| Profit (loss) for the period | 9904 | -€30,207 | €25,897 | +€56,104 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,207 | €25,897 | +€56,104 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.