IMMO LAU J: 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 LAU J
Largest movements
- Tangible fixed assets -€80,851
down €80,851 (-3.6%), from €2.3m to €2.2m
- Debts after one year -€86,808
down €86,808 (-13.5%), from €641,652 to €554,844
of which Financial debts: -€86,808
- Other debts -€45,000
down €45,000 (-9.7%), from €465,800 to €420,800
- Profit (loss) carried forward +€37,300
up €37,300 (+3.9%), from €952,050 to €989,350
- Gross operating margin +€23,475
up €23,475 (+12.8%), from €182,853 to €206,327
- Other operating charges -€15,581
down €15,581 (-34.0%), from €45,785 to €30,204
- Financial charges +€15,149
up €15,149 (+195%), from €7,762 to €22,912
- Depreciation -€12,807
down €12,807 (-12.6%), from €101,734 to €88,927
- Taxes +€9,237
up €9,237 (+129%), from €7,163 to €16,400
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 | €2,319,853 | €2,251,107 | -€68,746 | -3.0% |
| Fixed assets | 21/28 | €2,252,131 | €2,171,280 | -€80,851 | -3.6% |
| Tangible fixed assets | 22/27 | €2,252,131 | €2,171,280 | -€80,851 | -3.6% |
| Land and buildings | 22 | €2,252,131 | €2,171,280 | -€80,851 | -3.6% |
| Current assets | 29/58 | €67,722 | €79,827 | +€12,105 | +17.9% |
| Amounts receivable within one year | 40/41 | €31,567 | €16,407 | -€15,159 | -48.0% |
| Other amounts receivable | 41 | €31,567 | €16,407 | -€15,159 | -48.0% |
| Cash at bank and in hand | 54/58 | €20,619 | €28,764 | +€8,145 | +39.5% |
| Deferred charges and accrued income | 490/1 | €15,536 | €34,655 | +€19,119 | +123% |
| Total equity and liabilities | 10/49 | €2,319,853 | €2,251,107 | -€68,746 | -3.0% |
| Equity | 10/15 | €1,108,822 | €1,157,950 | +€49,127 | +4.4% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Capital | 10 | €115,000 | €115,000 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €41,772 | €53,600 | +€11,828 | +28.3% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,272 | €42,100 | +€11,828 | +39.1% |
| Profit (loss) carried forward | 14 | €952,050 | €989,350 | +€37,300 | +3.9% |
| Amounts payable | 17/49 | €1,211,031 | €1,093,158 | -€117,873 | -9.7% |
| Amounts payable after more than one year | 17 | €641,652 | €554,844 | -€86,808 | -13.5% |
| Financial debts | 170/4 | €635,652 | €548,844 | -€86,808 | -13.7% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €569,379 | €538,314 | -€31,065 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €98,392 | €93,802 | -€4,591 | -4.7% |
| Financial debts | 43 | €0 | €17,618 | +€17,618 | |
| Credit institutions | 430/8 | €0 | €17,618 | +€17,618 | |
| Trade debts | 44 | €405 | €1,315 | +€910 | +225% |
| Suppliers | 440/4 | €405 | €1,315 | +€910 | +225% |
| Taxes, remuneration and social security | 45 | €4,782 | €4,779 | -€2 | 0.0% |
| Taxes | 450/3 | €4,782 | €4,779 | -€2 | 0.0% |
| Other amounts payable | 47/48 | €465,800 | €420,800 | -€45,000 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,734 | €88,927 | -€12,807 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €45,785 | €30,204 | -€15,581 | -34.0% |
| Gross operating margin | 9900 | €182,853 | €206,327 | +€23,475 | +12.8% |
| Operating profit (loss) | 9901 | €35,333 | €87,197 | +€51,863 | +147% |
| Financial income | 75/76B | - | €1,242 | +€1,242 | |
| Recurring financial income | 75 | - | €1,242 | +€1,242 | |
| Financial charges | 65/66B | €7,762 | €22,912 | +€15,149 | +195% |
| Recurring financial charges | 65 | €7,762 | €22,912 | +€15,149 | +195% |
| Profit (loss) for the period before taxes | 9903 | €27,571 | €65,527 | +€37,956 | +138% |
| Income taxes | 67/77 | €7,163 | €16,400 | +€9,237 | +129% |
| Profit (loss) for the period | 9904 | €20,408 | €49,127 | +€28,719 | +141% |
| Transfer to tax-exempt reserves | 689 | €10,032 | €11,828 | +€1,795 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,376 | €37,300 | +€26,924 | +259% |
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 26 October 2026 via checked.be.