IMMOHERVE: 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.
IMMOHERVE
Largest movements
- Stocks and contracts -€728,799
down €728,799 (-14.6%), from €5.0m to €4.3m
- Short-term financial debts -€1.3m
down €1.3m (-44.6%), from €2.9m to €1.6m
- Profit (loss) carried forward +€314,468
up €314,468 (+333%), from €94,526 to €408,994
- Trade debts +€254,531
up €254,531 (+150%), from €170,161 to €424,692
- Gross operating margin +€509,252
up €509,252, from -€1,586 to €507,666
- Taxes +€70,106
new in 2025: €70,106
- Financial charges -€22,181
down €22,181 (-17.3%), from €128,152 to €105,971
- Financial income -€8,484
down €8,484 (-95.8%), from €8,855 to €371
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 | €5,099,233 | €4,398,692 | -€700,541 | -13.7% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €5,096,733 | €4,396,192 | -€700,541 | -13.7% |
| Stocks and contracts in progress | 3 | €4,984,113 | €4,255,314 | -€728,799 | -14.6% |
| Stocks | 30/36 | €4,984,113 | €4,255,314 | -€728,799 | -14.6% |
| Amounts receivable within one year | 40/41 | €60,644 | €87,769 | +€27,125 | +44.7% |
| Trade receivables | 40 | €16,226 | €20,510 | +€4,284 | +26.4% |
| Other amounts receivable | 41 | €44,419 | €67,259 | +€22,841 | +51.4% |
| Cash at bank and in hand | 54/58 | €51,392 | €52,526 | +€1,133 | +2.2% |
| Deferred charges and accrued income | 490/1 | €584 | €584 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,099,233 | €4,398,692 | -€700,541 | -13.7% |
| Equity | 10/15 | €640,581 | €971,600 | +€331,019 | +51.7% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €21,055 | €37,606 | +€16,551 | +78.6% |
| Non-distributable reserves | 130/1 | €21,055 | €37,606 | +€16,551 | +78.6% |
| Legal reserve | 130 | €21,055 | €37,606 | +€16,551 | +78.6% |
| Profit (loss) carried forward | 14 | €94,526 | €408,994 | +€314,468 | +333% |
| Amounts payable | 17/49 | €4,458,652 | €3,427,092 | -€1.0m | -23.1% |
| Amounts payable after more than one year | 17 | €692,000 | €692,000 | = | 0.0% |
| Financial debts | 170/4 | €692,000 | €692,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,766,652 | €2,735,092 | -€1.0m | -27.4% |
| Financial debts | 43 | €2,885,995 | €1,600,000 | -€1.3m | -44.6% |
| Credit institutions | 430/8 | €2,885,995 | €1,600,000 | -€1.3m | -44.6% |
| Trade debts | 44 | €170,161 | €424,692 | +€254,531 | +150% |
| Suppliers | 440/4 | €170,161 | €424,692 | +€254,531 | +150% |
| Taxes, remuneration and social security | 45 | €96 | - | -€96 | |
| Taxes | 450/3 | €96 | - | -€96 | |
| Other amounts payable | 47/48 | €710,400 | €710,400 | = | 0.0% |
| Other operating charges | 640/8 | €200 | €941 | +€741 | +371% |
| Gross operating margin | 9900 | -€1,586 | €507,666 | +€509,252 | |
| Operating profit (loss) | 9901 | -€1,786 | €506,725 | +€508,511 | |
| Financial income | 75/76B | €8,855 | €371 | -€8,484 | -95.8% |
| Recurring financial income | 75 | €8,855 | €371 | -€8,484 | -95.8% |
| Financial charges | 65/66B | €128,152 | €105,971 | -€22,181 | -17.3% |
| Recurring financial charges | 65 | €128,152 | €105,971 | -€22,181 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€121,082 | €401,125 | +€522,207 | |
| Income taxes | 67/77 | - | €70,106 | +€70,106 | |
| Profit (loss) for the period | 9904 | -€121,082 | €331,019 | +€452,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,082 | €331,019 | +€452,101 |
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 20 October 2026 via checked.be.