IMMO LARCIER: 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 LARCIER
Largest movements
- Receivables within one year +€184,314
up €184,314 (+97.3%), from €189,393 to €373,707
of which Other amounts receivable: +€189,474
- Other debts -€500,544
down €500,544 (-66.7%), from €750,000 to €249,456
- Short-term financial debts +€463,194
new in 2025: €463,194
- Debts after one year +€221,773
up €221,773 (+139.4%), from €159,117 to €380,889
- Financial income -€548,171
no longer reported in 2025 (was €548,171)
of which Financial income: -€547,702
- Gross operating margin -€36,988
down €36,988 (-39.3%), from €94,160 to €57,173
- Financial charges +€16,001
up €16,001 (+286.0%), from €5,596 to €21,597
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 | €1,873,108 | €2,060,697 | +€187,590 | +10.0% |
| Fixed assets | 21/28 | €1,416,461 | €1,420,331 | +€3,870 | +0.3% |
| Tangible fixed assets | 22/27 | €534,775 | €538,645 | +€3,870 | +0.7% |
| Land and buildings | 22 | €534,775 | €538,645 | +€3,870 | +0.7% |
| Financial fixed assets | 28 | €881,686 | €881,686 | = | 0.0% |
| Current assets | 29/58 | €456,646 | €640,366 | +€183,720 | +40.2% |
| Amounts receivable after more than one year | 29 | €266,550 | €266,550 | = | 0.0% |
| Other amounts receivable | 291 | €266,550 | €266,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €189,393 | €373,707 | +€184,314 | +97.3% |
| Trade receivables | 40 | €5,160 | - | -€5,160 | |
| Other amounts receivable | 41 | €184,233 | €373,707 | +€189,474 | +102.8% |
| Cash at bank and in hand | 54/58 | €703 | €109 | -€594 | -84.4% |
| Total equity and liabilities | 10/49 | €1,873,108 | €2,060,697 | +€187,590 | +10.0% |
| Equity | 10/15 | €932,367 | €933,791 | +€1,424 | +0.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €850,562 | €851,986 | +€1,424 | +0.2% |
| Amounts payable | 17/49 | €940,741 | €1,126,907 | +€186,166 | +19.8% |
| Amounts payable after more than one year | 17 | €159,117 | €380,889 | +€221,773 | +139.4% |
| Financial debts | 170/4 | €159,117 | €380,889 | +€221,773 | +139.4% |
| Amounts payable within one year | 42/48 | €781,624 | €746,018 | -€35,607 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €29,577 | €30,302 | +€725 | +2.5% |
| Financial debts | 43 | - | €463,194 | +€463,194 | |
| Credit institutions | 430/8 | - | €463,194 | +€463,194 | |
| Trade debts | 44 | €378 | €1,237 | +€859 | +227.6% |
| Suppliers | 440/4 | €378 | €1,237 | +€859 | +227.6% |
| Taxes, remuneration and social security | 45 | €1,670 | €1,829 | +€159 | +9.5% |
| Taxes | 450/3 | €1,670 | €1,829 | +€159 | +9.5% |
| Other amounts payable | 47/48 | €750,000 | €249,456 | -€500,544 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,552 | €29,552 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,411 | €4,599 | +€188 | +4.3% |
| Gross operating margin | 9900 | €94,160 | €57,173 | -€36,988 | -39.3% |
| Operating profit (loss) | 9901 | €60,197 | €23,021 | -€37,176 | -61.8% |
| Financial income | 75/76B | €548,171 | - | -€548,171 | |
| Recurring financial income | 75 | €547,702 | - | -€547,702 | |
| Non-recurring financial income | 76B | €470 | - | -€470 | |
| Financial charges | 65/66B | €5,596 | €21,597 | +€16,001 | +286.0% |
| Recurring financial charges | 65 | €5,596 | €21,597 | +€16,001 | +286.0% |
| Profit (loss) for the period before taxes | 9903 | €602,773 | €1,424 | -€601,349 | -99.8% |
| Profit (loss) for the period | 9904 | €602,773 | €1,424 | -€601,349 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €602,773 | €1,424 | -€601,349 | -99.8% |
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 10 October 2026 via checked.be.