IMMO VAN HERCK: 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 VAN HERCK
Largest movements
- Receivables within one year +€102,752
up €102,752 (+43.5%), from €236,337 to €339,088
of which Other amounts receivable: +€102,323
- Reserves +€128,030
up €128,030 (+14.8%), from €863,220 to €991,250
of which Distributable reserves: +€128,030
- Tax, wage and social debts -€43,293
down €43,293 (-77.0%), from €56,210 to €12,916
- Gross operating margin -€19,887
down €19,887 (-9.1%), from €217,727 to €197,840
- Taxes -€6,511
down €6,511 (-13.2%), from €49,188 to €42,677
- Other operating charges +€2,618
up €2,618 (+47.8%), from €5,483 to €8,102
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 | €1,910,132 | €2,000,741 | +€90,609 | +4.7% |
| Fixed assets | 21/28 | €1,211,461 | €1,211,198 | -€262 | 0.0% |
| Tangible fixed assets | 22/27 | €1,211,461 | €1,211,198 | -€262 | 0.0% |
| Land and buildings | 22 | €1,211,461 | €1,211,198 | -€262 | 0.0% |
| Current assets | 29/58 | €698,672 | €789,543 | +€90,871 | +13.0% |
| Amounts receivable within one year | 40/41 | €236,337 | €339,088 | +€102,752 | +43.5% |
| Trade receivables | 40 | - | €429 | +€429 | |
| Other amounts receivable | 41 | €236,337 | €338,660 | +€102,323 | +43.3% |
| Cash at bank and in hand | 54/58 | €462,335 | €450,454 | -€11,880 | -2.6% |
| Total equity and liabilities | 10/49 | €1,910,132 | €2,000,741 | +€90,609 | +4.7% |
| Equity | 10/15 | €1,730,847 | €1,858,877 | +€128,030 | +7.4% |
| Contributions | 10/11 | €867,627 | €867,627 | = | 0.0% |
| Capital | 10 | €867,627 | €867,627 | = | 0.0% |
| Issued capital | 100 | €867,627 | €867,627 | = | 0.0% |
| Reserves | 13 | €863,220 | €991,250 | +€128,030 | +14.8% |
| Non-distributable reserves | 130/1 | €36,970 | €36,970 | = | 0.0% |
| Legal reserve | 130 | €36,970 | €36,970 | = | 0.0% |
| Distributable reserves | 133 | €826,249 | €954,279 | +€128,030 | +15.5% |
| Amounts payable | 17/49 | €179,286 | €141,864 | -€37,421 | -20.9% |
| Amounts payable within one year | 42/48 | €173,205 | €129,996 | -€43,209 | -24.9% |
| Trade debts | 44 | €227 | €312 | +€85 | +37.4% |
| Suppliers | 440/4 | €227 | €312 | +€85 | +37.4% |
| Taxes, remuneration and social security | 45 | €56,210 | €12,916 | -€43,293 | -77.0% |
| Taxes | 450/3 | €56,210 | €12,916 | -€43,293 | -77.0% |
| Other amounts payable | 47/48 | €116,768 | €116,768 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,081 | €11,868 | +€5,787 | +95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,691 | €10,050 | +€359 | +3.7% |
| Other operating charges | 640/8 | €5,483 | €8,102 | +€2,618 | +47.8% |
| Gross operating margin | 9900 | €217,727 | €197,840 | -€19,887 | -9.1% |
| Operating profit (loss) | 9901 | €202,553 | €179,689 | -€22,865 | -11.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €8,837 | €8,981 | +€145 | +1.6% |
| Recurring financial charges | 65 | €8,837 | €8,981 | +€145 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €193,718 | €170,707 | -€23,011 | -11.9% |
| Income taxes | 67/77 | €49,188 | €42,677 | -€6,511 | -13.2% |
| Profit (loss) for the period | 9904 | €144,530 | €128,030 | -€16,499 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,530 | €128,030 | -€16,499 | -11.4% |
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 13 October 2026 via checked.be.