IMMO LAHEY: 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 LAHEY
Largest movements
- Tangible fixed assets -€31,955
down €31,955 (-4.9%), from €652,350 to €620,395
of which Land and buildings: -€30,480
- Receivables within one year +€13,196
up €13,196 (+24.8%), from €53,295 to €66,491
- Debts after one year -€50,522
down €50,522 (-9.4%), from €539,254 to €488,732
- Current portion of long-term debt +€43,696
up €43,696 (+640%), from €6,826 to €50,522
- Gross operating margin +€5,235
up €5,235 (+10.3%), from €50,870 to €56,105
- Depreciation -€2,289
down €2,289 (-6.7%), from €34,244 to €31,955
- Financial charges -€711
down €711 (-2.8%), from €25,406 to €24,695
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,923 | €687,058 | -€18,866 | -2.7% |
| Fixed assets | 21/28 | €652,350 | €620,395 | -€31,955 | -4.9% |
| Tangible fixed assets | 22/27 | €652,350 | €620,395 | -€31,955 | -4.9% |
| Land and buildings | 22 | €650,194 | €619,714 | -€30,480 | -4.7% |
| Plant, machinery and equipment | 23 | €2,157 | €681 | -€1,476 | -68.4% |
| Current assets | 29/58 | €53,573 | €66,663 | +€13,090 | +24.4% |
| Amounts receivable within one year | 40/41 | €53,295 | €66,491 | +€13,196 | +24.8% |
| Other amounts receivable | 41 | €53,295 | €66,491 | +€13,196 | +24.8% |
| Cash at bank and in hand | 54/58 | €279 | €172 | -€106 | -38.2% |
| Total equity and liabilities | 10/49 | €705,923 | €687,058 | -€18,866 | -2.7% |
| Equity | 10/15 | €139,616 | €135,156 | -€4,460 | -3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €121,024 | €116,564 | -€4,460 | -3.7% |
| Distributable reserves | 133 | €121,024 | €116,564 | -€4,460 | -3.7% |
| Amounts payable | 17/49 | €566,307 | €551,902 | -€14,406 | -2.5% |
| Amounts payable after more than one year | 17 | €539,254 | €488,732 | -€50,522 | -9.4% |
| Financial debts | 170/4 | €539,254 | €488,732 | -€50,522 | -9.4% |
| Amounts payable within one year | 42/48 | €27,054 | €63,170 | +€36,116 | +133% |
| Current portion of amounts payable after more than one year | 42 | €6,826 | €50,522 | +€43,696 | +640% |
| Trade debts | 44 | €8,379 | €6,160 | -€2,219 | -26.5% |
| Suppliers | 440/4 | €8,379 | €6,160 | -€2,219 | -26.5% |
| Other amounts payable | 47/48 | €11,848 | €6,488 | -€5,360 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,244 | €31,955 | -€2,289 | -6.7% |
| Other operating charges | 640/8 | €4,654 | €4,546 | -€108 | -2.3% |
| Gross operating margin | 9900 | €50,870 | €56,105 | +€5,235 | +10.3% |
| Operating profit (loss) | 9901 | €11,972 | €19,604 | +€7,632 | +63.8% |
| Financial income | 75/76B | €469 | €631 | +€162 | +34.6% |
| Recurring financial income | 75 | €469 | €631 | +€162 | +34.6% |
| Financial charges | 65/66B | €25,406 | €24,695 | -€711 | -2.8% |
| Recurring financial charges | 65 | €25,406 | €24,695 | -€711 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,965 | -€4,460 | +€8,506 | +65.6% |
| Profit (loss) for the period | 9904 | -€12,965 | -€4,460 | +€8,506 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,965 | -€4,460 | +€8,506 | +65.6% |
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 13 October 2026 via checked.be.