IMMO LABORU: 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.
What changed
IMMO LABORU
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€189,497
2024 · -€97,623-€91,874
Equity
-€453,346
2024 · -€263,849-€189,497
Cash
€22,594
2024 · €12,780+€9,813
Balance sheet total
€8.6m
2024 · €9.0m-€415,899
Largest movements
Assets
- Tangible fixed assets -€464,290
down €464,290 (-5.2%), from €9.0m to €8.5m
Equity and liabilities
- Debts after one year -€390,963
down €390,963 (-6.0%), from €6.5m to €6.1m
- Profit (loss) carried forward -€189,497
down €189,497 (-64.8%), from -€292,359 to -€481,856
- Other debts +€161,309
up €161,309 (+6.8%), from €2.4m to €2.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€97,623
Other operating charges
-€1,614
Other operating items
-€95,656
Financial charges
+€5,396
Result 2025
-€189,497
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€289,573
Investment
+€110,282
Financing
-€390,041
Cash 2024
€12,780
From operations (derived)
+€289,573
Net result for the year
-€189,497
Depreciation
+€354,009
Receivables within one year
-€38,578
Trade debts
+€2,173
Tax, wage and social debts
+€158
Other debts
+€161,309
Investment (derived)
+€110,282
Investment in fixed assets (net)
+€110,282
Financing
-€390,041
Debts after one year
-€390,963
Current portion of long-term debt
+€922
Cash 2025
€22,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,039,634 | €8,623,735 | -€415,899 | -4.6% |
| Fixed assets | 21/28 | €8,952,330 | €8,488,039 | -€464,290 | -5.2% |
| Tangible fixed assets | 22/27 | €8,952,330 | €8,488,039 | -€464,290 | -5.2% |
| Land and buildings | 22 | €8,952,330 | €8,488,039 | -€464,290 | -5.2% |
| Current assets | 29/58 | €87,304 | €135,696 | +€48,391 | +55.4% |
| Amounts receivable within one year | 40/41 | €74,524 | €113,102 | +€38,578 | +51.8% |
| Trade receivables | 40 | €74,524 | €113,102 | +€38,578 | +51.8% |
| Cash at bank and in hand | 54/58 | €12,780 | €22,594 | +€9,813 | +76.8% |
| Total equity and liabilities | 10/49 | €9,039,634 | €8,623,735 | -€415,899 | -4.6% |
| Equity | 10/15 | -€263,849 | -€453,346 | -€189,497 | -71.8% |
| Contributions | 10/11 | €28,510 | €28,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,359 | -€481,856 | -€189,497 | -64.8% |
| Amounts payable | 17/49 | €9,303,483 | €9,077,081 | -€226,402 | -2.4% |
| Amounts payable after more than one year | 17 | €6,519,244 | €6,128,281 | -€390,963 | -6.0% |
| Financial debts | 170/4 | €6,519,244 | €6,128,281 | -€390,963 | -6.0% |
| Credit institutions | 173 | €6,337,902 | €5,970,488 | -€367,415 | -5.8% |
| Other loans | 174 | €181,341 | €157,793 | -€23,549 | -13.0% |
| Amounts payable within one year | 42/48 | €2,784,239 | €2,948,800 | +€164,561 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €390,041 | €390,963 | +€922 | +0.2% |
| Trade debts | 44 | €1,740 | €3,913 | +€2,173 | +125% |
| Suppliers | 440/4 | €1,740 | €3,913 | +€2,173 | +125% |
| Taxes, remuneration and social security | 45 | €18,291 | €18,449 | +€158 | +0.9% |
| Taxes | 450/3 | €18,291 | €18,449 | +€158 | +0.9% |
| Other amounts payable | 47/48 | €2,374,166 | €2,535,475 | +€161,309 | +6.8% |
| Operating income | 70/76A | €492,537 | €538,179 | +€45,642 | +9.3% |
| Other operating income | 74 | €492,537 | €513,510 | +€20,974 | +4.3% |
| Non-recurring operating income | 76A | - | €24,668 | +€24,668 | |
| Operating charges | 60/66A | €415,310 | €558,222 | +€142,912 | +34.4% |
| Services and other goods | 61 | €9,886 | €16,234 | +€6,348 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354,009 | €354,009 | = | 0.0% |
| Other operating charges | 640/8 | €51,415 | €53,029 | +€1,614 | +3.1% |
| Non-recurring operating charges | 66A | - | €134,950 | +€134,950 | |
| Operating profit (loss) | 9901 | €77,227 | -€20,043 | -€97,270 | |
| Financial charges | 65/66B | €174,850 | €169,454 | -€5,396 | -3.1% |
| Recurring financial charges | 65 | €174,850 | €169,454 | -€5,396 | -3.1% |
| Debt charges | 650 | €174,850 | €169,454 | -€5,396 | -3.1% |
| Other financial charges | 652/9 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€97,623 | -€189,497 | -€91,874 | -94.1% |
| Profit (loss) for the period | 9904 | -€97,623 | -€189,497 | -€91,874 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,623 | -€189,497 | -€91,874 | -94.1% |
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 18 October 2026 via checked.be.