IMMO LATOXA: 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 LATOXA
Largest movements
- Cash -€116,475
down €116,475 (-27.5%), from €423,303 to €306,829
mainly Investment in fixed assets (net) (-€136,799) and Debts after one year (-€46,667)
- Tangible fixed assets +€106,857
up €106,857 (+15.6%), from €685,172 to €792,028
of which Land and buildings: +€106,857
- Debts after one year -€46,667
down €46,667 (-17.9%), from €260,555 to €213,889
- Reserves +€40,249
up €40,249 (+6.4%), from €632,105 to €672,354
of which Distributable reserves: +€43,513
- Gross operating margin -€7,467
down €7,467 (-7.4%), from €101,289 to €93,822
- Depreciation +€4,424
up €4,424 (+17.3%), from €25,518 to €29,942
- Financial income +€1,638
up €1,638, from €0 to €1,638
- Taxes -€1,391
down €1,391 (-8.4%), from €16,522 to €15,131
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 | €1,110,752 | €1,108,061 | -€2,691 | -0.2% |
| Fixed assets | 21/28 | €685,172 | €792,028 | +€106,857 | +15.6% |
| Tangible fixed assets | 22/27 | €685,172 | €792,028 | +€106,857 | +15.6% |
| Land and buildings | 22 | €685,172 | €792,028 | +€106,857 | +15.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €425,580 | €316,033 | -€109,547 | -25.7% |
| Amounts receivable within one year | 40/41 | €1,620 | €8,514 | +€6,894 | +425% |
| Trade receivables | 40 | €1,620 | €8,514 | +€6,894 | +425% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €423,303 | €306,829 | -€116,475 | -27.5% |
| Deferred charges and accrued income | 490/1 | €657 | €690 | +€33 | +5.1% |
| Total equity and liabilities | 10/49 | €1,110,752 | €1,108,061 | -€2,691 | -0.2% |
| Equity | 10/15 | €679,275 | €719,525 | +€40,249 | +5.9% |
| Contributions | 10/11 | €47,171 | €47,171 | = | 0.0% |
| Reserves | 13 | €632,105 | €672,354 | +€40,249 | +6.4% |
| Tax-exempt reserves | 132 | €293,802 | €290,539 | -€3,264 | -1.1% |
| Distributable reserves | 133 | €338,302 | €381,815 | +€43,513 | +12.9% |
| Provisions and deferred taxes | 16 | €95,659 | €94,571 | -€1,088 | -1.1% |
| Deferred taxes | 168 | €95,659 | €94,571 | -€1,088 | -1.1% |
| Amounts payable | 17/49 | €335,818 | €293,966 | -€41,852 | -12.5% |
| Amounts payable after more than one year | 17 | €260,555 | €213,889 | -€46,667 | -17.9% |
| Financial debts | 170/4 | €260,555 | €213,889 | -€46,667 | -17.9% |
| Amounts payable within one year | 42/48 | €73,587 | €78,297 | +€4,710 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €46,667 | €46,667 | = | 0.0% |
| Trade debts | 44 | €545 | €9,084 | +€8,539 | +1,565% |
| Suppliers | 440/4 | €545 | €9,084 | +€8,539 | +1,565% |
| Taxes, remuneration and social security | 45 | €22,210 | €17,163 | -€5,048 | -22.7% |
| Taxes | 450/3 | €22,210 | €17,163 | -€5,048 | -22.7% |
| Other amounts payable | 47/48 | €4,165 | €5,384 | +€1,219 | +29.3% |
| Accrued charges and deferred income | 492/3 | €1,675 | €1,780 | +€105 | +6.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,518 | €29,942 | +€4,424 | +17.3% |
| Other operating charges | 640/8 | €6,933 | €6,714 | -€220 | -3.2% |
| Gross operating margin | 9900 | €101,289 | €93,822 | -€7,467 | -7.4% |
| Operating profit (loss) | 9901 | €68,838 | €57,167 | -€11,671 | -17.0% |
| Financial income | 75/76B | €0 | €1,638 | +€1,638 | |
| Recurring financial income | 75 | €0 | €1,638 | +€1,638 | |
| Financial charges | 65/66B | €5,203 | €4,512 | -€691 | -13.3% |
| Recurring financial charges | 65 | €5,203 | €4,512 | -€691 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €63,634 | €54,292 | -€9,342 | -14.7% |
| Transfer from deferred taxes | 780 | €0 | €1,088 | +€1,088 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €16,522 | €15,131 | -€1,391 | -8.4% |
| Profit (loss) for the period | 9904 | €47,112 | €40,249 | -€6,863 | -14.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €3,264 | +€3,264 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €47,112 | €43,513 | -€3,599 | -7.6% |
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 16 October 2026 via checked.be.