IMMO LANCE: 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 LANCE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€13,285
2023 · €30,632-€43,916
Equity
€772,884
2023 · €531,343+€241,542
Cash
€305,823
2023 · €42,869+€262,954
Balance sheet total
€1.3m
2023 · €1.2m+€157,292
Largest movements
Assets
- Cash +€262,954
up €262,954 (+613.4%), from €42,869 to €305,823
mainly Contributions, distributions and other (+€254,827) and Depreciation (+€56,793)
- Tangible fixed assets -€95,476
down €95,476 (-9.0%), from €1.1m to €970,882
of which Land and buildings: -€94,137
Equity and liabilities
- Reserves +€241,542
up €241,542 (+77.7%), from €310,717 to €552,259
of which Distributable reserves: +€203,728
- Debts after one year -€114,992
down €114,992 (-24.2%), from €474,835 to €359,843
- Tax, wage and social debts +€15,536
up €15,536 (+178.3%), from €8,713 to €24,249
Income statement
- Taxes +€82,723
up €82,723 (+1058.8%), from €7,813 to €90,536
- Gross operating margin -€29,709
down €29,709 (-20.2%), from €146,872 to €117,162
- Financial charges -€5,270
down €5,270 (-16.4%), from €32,077 to €26,807
- Staff costs -€2,508
no longer reported in 2024 (was €2,508)
From the 2023 result to the 2024 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 2023
€30,632
Gross operating margin
-€29,709
Staff costs
+€2,508
Depreciation
+€1,392
Other operating charges
-€1,068
Financial income
+€40
Financial charges
+€5,270
Taxes
-€82,723
Deferred taxes and other
+€60,374
Result 2024
-€13,285
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€78,857
Investment
+€38,683
Financing
+€145,415
Cash 2023
€42,869
From operations (derived)
+€78,857
Net result for the year
-€13,285
Depreciation
+€56,793
Receivables within one year
+€9,675
Smaller working-capital items
+€909
Provisions
+€5,303
Trade debts
+€3,925
Tax, wage and social debts
+€15,536
Investment (derived)
+€38,683
Investment in fixed assets (net)
+€38,683
Financing
+€145,415
Debts after one year
-€114,992
Current portion of long-term debt
+€5,581
Contributions, distributions and other
+€254,827
Cash 2024
€305,823
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,191,773 | €1,349,065 | +€157,292 | +13.2% |
| Fixed assets | 21/28 | €1,066,358 | €970,882 | -€95,476 | -9.0% |
| Tangible fixed assets | 22/27 | €1,066,358 | €970,882 | -€95,476 | -9.0% |
| Land and buildings | 22 | €1,060,673 | €966,536 | -€94,137 | -8.9% |
| Plant, machinery and equipment | 23 | €1,329 | €947 | -€382 | -28.8% |
| Furniture and vehicles | 24 | - | €533 | +€533 | |
| Other tangible fixed assets | 26 | €4,356 | €2,866 | -€1,490 | -34.2% |
| Current assets | 29/58 | €125,415 | €378,183 | +€252,768 | +201.5% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,675 | €0 | -€9,675 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,675 | €0 | -€9,675 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,869 | €305,823 | +€262,954 | +613.4% |
| Deferred charges and accrued income | 490/1 | €2,871 | €2,360 | -€511 | -17.8% |
| Total equity and liabilities | 10/49 | €1,191,773 | €1,349,065 | +€157,292 | +13.2% |
| Equity | 10/15 | €531,343 | €772,884 | +€241,542 | +45.5% |
| Contributions | 10/11 | €220,625 | €220,625 | = | 0.0% |
| Capital | 10 | €220,625 | €220,625 | = | 0.0% |
| Issued capital | 100 | €220,625 | €220,625 | = | 0.0% |
| Reserves | 13 | €310,717 | €552,259 | +€241,542 | +77.7% |
| Non-distributable reserves | 130/1 | €18,923 | €22,063 | +€3,140 | +16.6% |
| Legal reserve | 130 | €18,923 | €22,063 | +€3,140 | +16.6% |
| Tax-exempt reserves | 132 | €100,703 | €135,377 | +€34,675 | +34.4% |
| Distributable reserves | 133 | €191,092 | €394,819 | +€203,728 | +106.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €59,765 | €65,068 | +€5,303 | +8.9% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Major repairs and maintenance | 162 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Deferred taxes | 168 | €51,765 | €59,068 | +€7,303 | +14.1% |
| Amounts payable | 17/49 | €600,665 | €511,113 | -€89,552 | -14.9% |
| Amounts payable after more than one year | 17 | €474,835 | €359,843 | -€114,992 | -24.2% |
| Financial debts | 170/4 | €474,835 | €359,843 | -€114,992 | -24.2% |
| Amounts payable within one year | 42/48 | €124,970 | €150,410 | +€25,440 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €110,105 | €115,685 | +€5,581 | +5.1% |
| Trade debts | 44 | €6,152 | €10,077 | +€3,925 | +63.8% |
| Suppliers | 440/4 | €6,152 | €10,077 | +€3,925 | +63.8% |
| Taxes, remuneration and social security | 45 | €8,713 | €24,249 | +€15,536 | +178.3% |
| Taxes | 450/3 | €8,713 | €24,249 | +€15,536 | +178.3% |
| Other amounts payable | 47/48 | - | €398 | +€398 | |
| Accrued charges and deferred income | 492/3 | €860 | €860 | = | 0.0% |
| Non-recurring operating income | 76A | €2,000 | €4,637 | +€2,637 | +131.8% |
| Remuneration, social security and pensions | 62 | €2,508 | - | -€2,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,185 | €56,793 | -€1,392 | -2.4% |
| Other operating charges | 640/8 | €18,312 | €19,380 | +€1,068 | +5.8% |
| Gross operating margin | 9900 | €146,872 | €117,162 | -€29,709 | -20.2% |
| Operating profit (loss) | 9901 | €67,866 | €40,989 | -€26,877 | -39.6% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €32,077 | €26,807 | -€5,270 | -16.4% |
| Recurring financial charges | 65 | €32,077 | €26,807 | -€5,270 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €35,789 | €14,222 | -€21,567 | -60.3% |
| Transfer from deferred taxes | 780 | €2,655 | €63,029 | +€60,374 | +2273.7% |
| Income taxes | 67/77 | €7,813 | €90,536 | +€82,723 | +1058.8% |
| Profit (loss) for the period | 9904 | €30,632 | -€13,285 | -€43,916 | |
| Transfer from tax-exempt reserves | 789 | €5,157 | €246,652 | +€241,495 | +4683.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,788 | €233,367 | +€197,579 | +552.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.