IMMO L & D: 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 L & D
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€41,625
down €41,625 (-24.9%), from €166,844 to €125,219
mainly Current investments (-€100,000) and Receivables within one year (-€270)
- Tangible fixed assets -€37,716
down €37,716 (-3.7%), from €1.0m to €993,451
- Reserves +€16,342
up €16,342 (+4.0%), from €407,259 to €423,601
- Gross operating margin +€5,604
up €5,604 (+8.3%), from €67,813 to €73,417
- Taxes +€5,411
up €5,411 (+1740.3%), from €311 to €5,722
- Financial income +€1,545
new in 2025: €1,545
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 | €1,200,537 | €1,221,465 | +€20,929 | +1.7% |
| Fixed assets | 21/28 | €1,032,004 | €994,288 | -€37,716 | -3.7% |
| Tangible fixed assets | 22/27 | €1,031,167 | €993,451 | -€37,716 | -3.7% |
| Land and buildings | 22 | €1,031,167 | €993,451 | -€37,716 | -3.7% |
| Financial fixed assets | 28 | €836 | €836 | = | 0.0% |
| Current assets | 29/58 | €168,533 | €227,178 | +€58,645 | +34.8% |
| Amounts receivable within one year | 40/41 | €1,689 | €1,959 | +€270 | +16.0% |
| Trade receivables | 40 | - | €225 | +€225 | |
| Other amounts receivable | 41 | €1,689 | €1,734 | +€45 | +2.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €166,844 | €125,219 | -€41,625 | -24.9% |
| Total equity and liabilities | 10/49 | €1,200,537 | €1,221,465 | +€20,929 | +1.7% |
| Equity | 10/15 | €1,191,614 | €1,207,956 | +€16,342 | +1.4% |
| Contributions | 10/11 | €784,355 | €784,355 | = | 0.0% |
| Reserves | 13 | €407,259 | €423,601 | +€16,342 | +4.0% |
| Distributable reserves | 133 | €407,259 | €423,601 | +€16,342 | +4.0% |
| Amounts payable | 17/49 | €8,923 | €13,510 | +€4,587 | +51.4% |
| Amounts payable after more than one year | 17 | €1,766 | €1,766 | = | 0.0% |
| Other amounts payable | 178/9 | €1,766 | €1,766 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,657 | €10,243 | +€4,587 | +81.1% |
| Financial debts | 43 | - | €464 | +€464 | |
| Credit institutions | 430/8 | - | €464 | +€464 | |
| Trade debts | 44 | €126 | €491 | +€365 | +289.3% |
| Suppliers | 440/4 | €126 | €491 | +€365 | +289.3% |
| Taxes, remuneration and social security | 45 | - | €3,758 | +€3,758 | |
| Remuneration and social security | 454/9 | - | €3,758 | +€3,758 | |
| Other amounts payable | 47/48 | €5,531 | €5,531 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,039 | €37,716 | -€322 | -0.8% |
| Other operating charges | 640/8 | €14,607 | €15,062 | +€455 | +3.1% |
| Gross operating margin | 9900 | €67,813 | €73,417 | +€5,604 | +8.3% |
| Operating profit (loss) | 9901 | €15,168 | €20,638 | +€5,471 | +36.1% |
| Financial income | 75/76B | - | €1,545 | +€1,545 | |
| Recurring financial income | 75 | - | €1,545 | +€1,545 | |
| Financial charges | 65/66B | €135 | €120 | -€15 | -11.4% |
| Recurring financial charges | 65 | €135 | €120 | -€15 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €15,033 | €22,064 | +€7,031 | +46.8% |
| Income taxes | 67/77 | €311 | €5,722 | +€5,411 | +1740.3% |
| Profit (loss) for the period | 9904 | €14,722 | €16,342 | +€1,620 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,722 | €16,342 | +€1,620 | +11.0% |
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 11 October 2026 via checked.be.