IMMO LARSOV: 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.
IMMO LARSOV
Largest movements
- Tangible fixed assets -€114,473
down €114,473 (-3.7%), from €3.1m to €3.0m
of which Land and buildings: -€114,153
- Current investments +€99,251
up €99,251 (+24.8%), from €400,000 to €499,251
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€1,940
up €1,940 (+19.3%), from €10,047 to €11,987
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 | €4,031,989 | €4,026,914 | -€5,075 | -0.1% |
| Fixed assets | 21/28 | €3,098,399 | €2,983,926 | -€114,473 | -3.7% |
| Tangible fixed assets | 22/27 | €3,098,399 | €2,983,926 | -€114,473 | -3.7% |
| Land and buildings | 22 | €3,097,600 | €2,983,448 | -€114,153 | -3.7% |
| Plant, machinery and equipment | 23 | €799 | €478 | -€321 | -40.2% |
| Current assets | 29/58 | €933,590 | €1,042,988 | +€109,399 | +11.7% |
| Amounts receivable within one year | 40/41 | €344,001 | €363,845 | +€19,844 | +5.8% |
| Trade receivables | 40 | €2,003 | €2,003 | = | 0.0% |
| Other amounts receivable | 41 | €341,998 | €361,842 | +€19,844 | +5.8% |
| Current investments | 50/53 | €400,000 | €499,251 | +€99,251 | +24.8% |
| Cash at bank and in hand | 54/58 | €187,113 | €177,130 | -€9,983 | -5.3% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,763 | +€286 | +11.6% |
| Total equity and liabilities | 10/49 | €4,031,989 | €4,026,914 | -€5,075 | -0.1% |
| Equity | 10/15 | €653,013 | €669,229 | +€16,216 | +2.5% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €203,013 | €219,229 | +€16,216 | +8.0% |
| Distributable reserves | 133 | €203,013 | €219,229 | +€16,216 | +8.0% |
| Amounts payable | 17/49 | €3,378,976 | €3,357,686 | -€21,290 | -0.6% |
| Amounts payable within one year | 42/48 | €3,376,053 | €3,354,775 | -€21,278 | -0.6% |
| Trade debts | 44 | €3,912 | €1,022 | -€2,889 | -73.9% |
| Suppliers | 440/4 | €3,912 | €1,022 | -€2,889 | -73.9% |
| Other amounts payable | 47/48 | €3,372,141 | €3,353,752 | -€18,389 | -0.5% |
| Accrued charges and deferred income | 492/3 | €2,923 | €2,911 | -€12 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,267 | €140,649 | +€1,382 | +1.0% |
| Other operating charges | 640/8 | €35,650 | €36,768 | +€1,118 | +3.1% |
| Gross operating margin | 9900 | €188,482 | €187,990 | -€492 | -0.3% |
| Operating profit (loss) | 9901 | €13,565 | €10,573 | -€2,992 | -22.1% |
| Financial income | 75/76B | €10,047 | €11,987 | +€1,940 | +19.3% |
| Recurring financial income | 75 | €10,047 | €11,987 | +€1,940 | +19.3% |
| Financial charges | 65/66B | €163 | €939 | +€777 | +477.9% |
| Recurring financial charges | 65 | €163 | €939 | +€777 | +477.9% |
| Profit (loss) for the period before taxes | 9903 | €23,450 | €21,621 | -€1,829 | -7.8% |
| Income taxes | 67/77 | €5,862 | €5,405 | -€457 | -7.8% |
| Profit (loss) for the period | 9904 | €17,587 | €16,216 | -€1,372 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,587 | €16,216 | -€1,372 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.