IMMO - LACRO: 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.
What changed
IMMO - LACRO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€157,605
2024 · €132,203+€25,401
Equity
€2.4m
2024 · €2.4m-€1,295
Cash
€78,970
2024 · €107,418-€28,448
Balance sheet total
€3.1m
2024 · €3.2m-€40,719
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€62,813
down €62,813 (-12.7%), from €493,669 to €430,856
Income statement
- Gross operating margin +€25,812
up €25,812 (+10.1%), from €255,569 to €281,382
- Taxes +€7,026
up €7,026 (+11.2%), from €62,927 to €69,952
- Depreciation -€4,466
down €4,466 (-16.8%), from €26,530 to €22,063
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
€132,203
Gross operating margin
+€25,812
Depreciation
+€4,466
Other operating charges
-€868
Financial income
+€1,503
Financial charges
+€1,513
Taxes
-€7,026
Result 2025
€157,605
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.
From operations
+€199,877
Investment
-€8,186
Financing
-€220,139
Cash 2024
€107,418
From operations (derived)
+€199,877
Net result for the year
+€157,605
Depreciation
+€22,063
Receivables within one year
-€455
Deferred charges and accrued income
-€1,151
Trade debts
+€2,081
Tax, wage and social debts
-€5,154
Other debts
+€7,062
Accrued charges and deferred income
+€17,825
Investment (derived)
-€8,186
Investment in fixed assets (net)
-€5,344
Current investments
-€2,843
Financing
-€220,139
Debts after one year
-€62,813
Current portion of long-term debt
+€1,574
Contributions, distributions and other
-€158,900
Cash 2025
€78,970
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,159,457 | €3,118,737 | -€40,719 | -1.3% |
| Fixed assets | 21/28 | €2,629,227 | €2,612,507 | -€16,720 | -0.6% |
| Tangible fixed assets | 22/27 | €2,629,227 | €2,612,507 | -€16,720 | -0.6% |
| Land and buildings | 22 | €2,624,142 | €2,608,813 | -€15,329 | -0.6% |
| Plant, machinery and equipment | 23 | €2,542 | €2,468 | -€74 | -2.9% |
| Furniture and vehicles | 24 | €2,543 | €1,226 | -€1,317 | -51.8% |
| Current assets | 29/58 | €530,230 | €506,230 | -€24,000 | -4.5% |
| Amounts receivable within one year | 40/41 | €103,000 | €103,455 | +€455 | +0.4% |
| Other amounts receivable | 41 | €103,000 | €103,455 | +€455 | +0.4% |
| Current investments | 50/53 | €305,840 | €308,683 | +€2,843 | +0.9% |
| Cash at bank and in hand | 54/58 | €107,418 | €78,970 | -€28,448 | -26.5% |
| Deferred charges and accrued income | 490/1 | €13,972 | €15,122 | +€1,151 | +8.2% |
| Total equity and liabilities | 10/49 | €3,159,457 | €3,118,737 | -€40,719 | -1.3% |
| Equity | 10/15 | €2,403,816 | €2,402,520 | -€1,295 | -0.1% |
| Contributions | 10/11 | €1,153,000 | €1,153,000 | = | 0.0% |
| Capital | 10 | €1,153,000 | €1,153,000 | = | 0.0% |
| Issued capital | 100 | €1,153,000 | €1,153,000 | = | 0.0% |
| Reserves | 13 | €1,250,816 | €1,249,520 | -€1,295 | -0.1% |
| Non-distributable reserves | 130/1 | €115,384 | €115,384 | = | 0.0% |
| Legal reserve | 130 | €115,384 | €115,384 | = | 0.0% |
| Distributable reserves | 133 | €1,135,432 | €1,134,137 | -€1,295 | -0.1% |
| Amounts payable | 17/49 | €755,641 | €716,217 | -€39,424 | -5.2% |
| Amounts payable after more than one year | 17 | €493,669 | €430,856 | -€62,813 | -12.7% |
| Financial debts | 170/4 | €493,669 | €430,856 | -€62,813 | -12.7% |
| Amounts payable within one year | 42/48 | €258,443 | €264,007 | +€5,564 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €61,239 | €62,813 | +€1,574 | +2.6% |
| Trade debts | 44 | €19,597 | €21,678 | +€2,081 | +10.6% |
| Suppliers | 440/4 | €19,597 | €21,678 | +€2,081 | +10.6% |
| Taxes, remuneration and social security | 45 | €23,964 | €18,810 | -€5,154 | -21.5% |
| Taxes | 450/3 | €23,964 | €18,810 | -€5,154 | -21.5% |
| Other amounts payable | 47/48 | €153,643 | €160,706 | +€7,062 | +4.6% |
| Accrued charges and deferred income | 492/3 | €3,528 | €21,353 | +€17,825 | +505.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,530 | €22,063 | -€4,466 | -16.8% |
| Other operating charges | 640/8 | €26,500 | €27,368 | +€868 | +3.3% |
| Gross operating margin | 9900 | €255,569 | €281,382 | +€25,812 | +10.1% |
| Operating profit (loss) | 9901 | €202,539 | €231,950 | +€29,411 | +14.5% |
| Financial income | 75/76B | €7,887 | €9,390 | +€1,503 | +19.1% |
| Recurring financial income | 75 | €7,887 | €9,390 | +€1,503 | +19.1% |
| Financial charges | 65/66B | €15,296 | €13,783 | -€1,513 | -9.9% |
| Recurring financial charges | 65 | €15,296 | €13,783 | -€1,513 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €195,130 | €227,557 | +€32,427 | +16.6% |
| Income taxes | 67/77 | €62,927 | €69,952 | +€7,026 | +11.2% |
| Profit (loss) for the period | 9904 | €132,203 | €157,605 | +€25,401 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,203 | €157,605 | +€25,401 | +19.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.