IMMO L'EAU: what changed
Two fiscal 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'EAU
Largest movements
- Tangible fixed assets -€65,226
down €65,226 (-1.9%), from €3.4m to €3.4m
- Receivables within one year +€63,319
up €63,319 (+59.5%), from €106,391 to €169,710
- Cash -€55,807
down €55,807 (-14.8%), from €377,976 to €322,169
mainly Net result for the year (-€100,315) and Receivables within one year (-€63,319)
- Profit (loss) carried forward -€100,315
down €100,315 (-33.7%), from -€297,429 to -€397,745
- Financial charges -€111,045
down €111,045 (-74.9%), from €148,271 to €37,225
- Other operating charges +€3,402
up €3,402 (+6.9%), from €49,186 to €52,588
- Gross operating margin -€2,297
down €2,297 (-4.0%), from €57,021 to €54,724
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 | €3,927,099 | €3,869,385 | -€57,714 | -1.5% |
| Fixed assets | 21/28 | €3,442,732 | €3,377,506 | -€65,226 | -1.9% |
| Tangible fixed assets | 22/27 | €3,442,732 | €3,377,506 | -€65,226 | -1.9% |
| Land and buildings | 22 | €3,442,732 | €3,377,506 | -€65,226 | -1.9% |
| Current assets | 29/58 | €484,367 | €491,879 | +€7,513 | +1.6% |
| Amounts receivable within one year | 40/41 | €106,391 | €169,710 | +€63,319 | +59.5% |
| Other amounts receivable | 41 | €106,391 | €169,710 | +€63,319 | +59.5% |
| Cash at bank and in hand | 54/58 | €377,976 | €322,169 | -€55,807 | -14.8% |
| Total equity and liabilities | 10/49 | €3,927,099 | €3,869,385 | -€57,714 | -1.5% |
| Equity | 10/15 | -€46,372 | -€146,687 | -€100,315 | -216.3% |
| Contributions | 10/11 | €251,057 | €251,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,429 | -€397,745 | -€100,315 | -33.7% |
| Provisions and deferred taxes | 16 | €347 | €347 | = | 0.0% |
| Deferred taxes | 168 | €347 | €347 | = | 0.0% |
| Amounts payable | 17/49 | €3,973,124 | €4,015,725 | +€42,602 | +1.1% |
| Amounts payable after more than one year | 17 | €3,972,828 | €4,009,728 | +€36,900 | +0.9% |
| Financial debts | 170/4 | €3,972,828 | €4,009,728 | +€36,900 | +0.9% |
| Amounts payable within one year | 42/48 | €295 | €5,997 | +€5,702 | +1931.2% |
| Trade debts | 44 | €295 | €5,997 | +€5,702 | +1931.2% |
| Suppliers | 440/4 | €295 | €5,997 | +€5,702 | +1931.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,226 | €65,226 | = | 0.0% |
| Other operating charges | 640/8 | €49,186 | €52,588 | +€3,402 | +6.9% |
| Gross operating margin | 9900 | €57,021 | €54,724 | -€2,297 | -4.0% |
| Operating profit (loss) | 9901 | -€57,392 | -€63,090 | -€5,699 | -9.9% |
| Financial charges | 65/66B | €148,271 | €37,225 | -€111,045 | -74.9% |
| Recurring financial charges | 65 | €148,271 | €37,225 | -€111,045 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | -€205,662 | -€100,315 | +€105,347 | +51.2% |
| Profit (loss) for the period | 9904 | -€205,662 | -€100,315 | +€105,347 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,662 | -€100,315 | +€105,347 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.