IMMO LAAR: 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 LAAR
Largest movements
- Cash -€8,320
down €8,320 (-50.2%), from €16,561 to €8,241
mainly Debts after one year (-€22,840) and Tax, wage and social debts (-€2,354)
- Tangible fixed assets -€6,826
down €6,826 (-4.2%), from €162,868 to €156,042
of which Land and buildings: -€5,377
- Debts after one year -€22,840
down €22,840 (-20.3%), from €112,457 to €89,616
- Reserves +€11,569
up €11,569 (+58.5%), from €19,763 to €31,331
- Tax, wage and social debts -€2,354
down €2,354 (-67.0%), from €3,511 to €1,157
- Taxes +€1,861
up €1,861 (+53.0%), from €3,511 to €5,372
- Gross operating margin -€1,071
down €1,071 (-3.3%), from €32,656 to €31,586
- Financial charges -€484
down €484 (-11.8%), from €4,106 to €3,622
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 | €180,383 | €165,068 | -€15,315 | -8.5% |
| Fixed assets | 21/28 | €162,868 | €156,042 | -€6,826 | -4.2% |
| Tangible fixed assets | 22/27 | €162,868 | €156,042 | -€6,826 | -4.2% |
| Land and buildings | 22 | €152,087 | €146,710 | -€5,377 | -3.5% |
| Plant, machinery and equipment | 23 | - | €651 | +€651 | |
| Other tangible fixed assets | 26 | €10,781 | €8,681 | -€2,100 | -19.5% |
| Current assets | 29/58 | €17,515 | €9,026 | -€8,490 | -48.5% |
| Amounts receivable within one year | 40/41 | €954 | €785 | -€169 | -17.7% |
| Trade receivables | 40 | €954 | - | -€954 | |
| Other amounts receivable | 41 | - | €785 | +€785 | |
| Cash at bank and in hand | 54/58 | €16,561 | €8,241 | -€8,320 | -50.2% |
| Total equity and liabilities | 10/49 | €180,383 | €165,068 | -€15,315 | -8.5% |
| Equity | 10/15 | €39,763 | €51,331 | +€11,569 | +29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,763 | €31,331 | +€11,569 | +58.5% |
| Distributable reserves | 133 | €19,763 | €31,331 | +€11,569 | +58.5% |
| Amounts payable | 17/49 | €140,620 | €113,736 | -€26,884 | -19.1% |
| Amounts payable after more than one year | 17 | €112,457 | €89,616 | -€22,840 | -20.3% |
| Financial debts | 170/4 | €112,457 | €89,616 | -€22,840 | -20.3% |
| Amounts payable within one year | 42/48 | €28,163 | €24,120 | -€4,044 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €23,719 | €22,937 | -€782 | -3.3% |
| Trade debts | 44 | €933 | €26 | -€908 | -97.3% |
| Suppliers | 440/4 | €933 | €26 | -€908 | -97.3% |
| Taxes, remuneration and social security | 45 | €3,511 | €1,157 | -€2,354 | -67.0% |
| Taxes | 450/3 | €3,511 | €1,157 | -€2,354 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,477 | €7,632 | +€155 | +2.1% |
| Other operating charges | 640/8 | €3,282 | €3,391 | +€110 | +3.3% |
| Gross operating margin | 9900 | €32,656 | €31,586 | -€1,071 | -3.3% |
| Operating profit (loss) | 9901 | €21,897 | €20,563 | -€1,335 | -6.1% |
| Financial charges | 65/66B | €4,106 | €3,622 | -€484 | -11.8% |
| Recurring financial charges | 65 | €4,106 | €3,622 | -€484 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €17,792 | €16,941 | -€851 | -4.8% |
| Income taxes | 67/77 | €3,511 | €5,372 | +€1,861 | +53.0% |
| Profit (loss) for the period | 9904 | €14,281 | €11,569 | -€2,712 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,281 | €11,569 | -€2,712 | -19.0% |
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 9 October 2026 via checked.be.