Immo LAS: 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 LAS
Largest movements
- Tangible fixed assets -€36,418
down €36,418 (-9.9%), from €366,569 to €330,151
- Cash +€27,290
up €27,290 (+122.3%), from €22,315 to €49,604
mainly Depreciation (+€36,418) and Net result for the year (+€26,023)
- Debts after one year -€33,910
down €33,910 (-9.3%), from €364,117 to €330,207
- Profit (loss) carried forward +€17,702
no longer reported in 2025 (was -€17,702)
- Reserves +€8,321
new in 2025: €8,321
- Gross operating margin +€19,090
up €19,090 (+35.2%), from €54,257 to €73,348
- Taxes +€2,995
up €2,995 (+14973350.0%), from €0 to €2,995
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 | €410,016 | €405,776 | -€4,240 | -1.0% |
| Fixed assets | 21/28 | €366,569 | €330,151 | -€36,418 | -9.9% |
| Tangible fixed assets | 22/27 | €366,569 | €330,151 | -€36,418 | -9.9% |
| Land and buildings | 22 | €366,569 | €330,151 | -€36,418 | -9.9% |
| Current assets | 29/58 | €43,447 | €75,625 | +€32,178 | +74.1% |
| Amounts receivable within one year | 40/41 | €19,953 | €24,021 | +€4,067 | +20.4% |
| Other amounts receivable | 41 | €19,953 | €24,021 | +€4,067 | +20.4% |
| Cash at bank and in hand | 54/58 | €22,315 | €49,604 | +€27,290 | +122.3% |
| Deferred charges and accrued income | 490/1 | €1,179 | €2,000 | +€821 | +69.6% |
| Total equity and liabilities | 10/49 | €410,016 | €405,776 | -€4,240 | -1.0% |
| Equity | 10/15 | €12,298 | €38,321 | +€26,023 | +211.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €8,321 | +€8,321 | |
| Distributable reserves | 133 | - | €8,321 | +€8,321 | |
| Profit (loss) carried forward | 14 | -€17,702 | - | +€17,702 | |
| Amounts payable | 17/49 | €397,718 | €367,455 | -€30,263 | -7.6% |
| Amounts payable after more than one year | 17 | €364,117 | €330,207 | -€33,910 | -9.3% |
| Financial debts | 170/4 | €364,117 | €330,207 | -€33,910 | -9.3% |
| Amounts payable within one year | 42/48 | €33,601 | €37,248 | +€3,647 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €33,277 | €33,910 | +€633 | +1.9% |
| Trade debts | 44 | €324 | €344 | +€19 | +6.0% |
| Suppliers | 440/4 | €324 | €344 | +€19 | +6.0% |
| Taxes, remuneration and social security | 45 | - | €2,995 | +€2,995 | |
| Taxes | 450/3 | - | €2,995 | +€2,995 | |
| Non-recurring operating income | 76A | €33,204 | €52,340 | +€19,136 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,977 | €36,418 | -€559 | -1.5% |
| Other operating charges | 640/8 | €499 | €462 | -€38 | -7.5% |
| Gross operating margin | 9900 | €54,257 | €73,348 | +€19,090 | +35.2% |
| Operating profit (loss) | 9901 | €16,781 | €36,468 | +€19,687 | +117.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +140.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +140.0% |
| Financial charges | 65/66B | €8,093 | €7,451 | -€642 | -7.9% |
| Recurring financial charges | 65 | €8,093 | €7,451 | -€642 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €8,688 | €29,018 | +€20,330 | +234.0% |
| Income taxes | 67/77 | €0 | €2,995 | +€2,995 | +14973350.0% |
| Profit (loss) for the period | 9904 | €8,688 | €26,023 | +€17,335 | +199.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,688 | €26,023 | +€17,335 | +199.5% |
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 5 October 2026 via checked.be.