Immo - LBF: 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 - LBF
Largest movements
- Cash +€74,138
up €74,138 (+165.5%), from €44,789 to €118,927
mainly Depreciation (+€70,710) and Net result for the year (+€16,481)
- Tangible fixed assets -€70,710
down €70,710 (-20.1%), from €351,840 to €281,130
of which Land and buildings: -€68,446
- Reserves +€16,481
up €16,481 (+5.7%), from €289,102 to €305,583
of which Distributable reserves: +€16,481
- Trade debts -€15,055
down €15,055 (-97.4%), from €15,461 to €406
- Gross operating margin -€8,492
down €8,492 (-8.0%), from €106,758 to €98,266
- Depreciation +€3,367
up €3,367 (+5.0%), from €67,343 to €70,710
- Taxes -€1,229
down €1,229 (-16.1%), from €7,633 to €6,403
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 | €468,937 | €472,497 | +€3,559 | +0.8% |
| Fixed assets | 21/28 | €351,840 | €281,130 | -€70,710 | -20.1% |
| Tangible fixed assets | 22/27 | €351,840 | €281,130 | -€70,710 | -20.1% |
| Land and buildings | 22 | €342,785 | €274,339 | -€68,446 | -20.0% |
| Plant, machinery and equipment | 23 | €9,055 | €6,791 | -€2,264 | -25.0% |
| Current assets | 29/58 | €117,097 | €191,366 | +€74,270 | +63.4% |
| Amounts receivable within one year | 40/41 | €72,308 | €72,308 | = | 0.0% |
| Other amounts receivable | 41 | €72,308 | €72,308 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,789 | €118,927 | +€74,138 | +165.5% |
| Deferred charges and accrued income | 490/1 | - | €132 | +€132 | |
| Total equity and liabilities | 10/49 | €468,937 | €472,497 | +€3,559 | +0.8% |
| Equity | 10/15 | €351,102 | €367,583 | +€16,481 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €289,102 | €305,583 | +€16,481 | +5.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €282,902 | €299,383 | +€16,481 | +5.8% |
| Amounts payable | 17/49 | €117,835 | €104,914 | -€12,921 | -11.0% |
| Amounts payable after more than one year | 17 | €43,968 | €48,050 | +€4,082 | +9.3% |
| Financial debts | 170/4 | €42,609 | €46,691 | +€4,082 | +9.6% |
| Other amounts payable | 178/9 | €1,359 | €1,359 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,867 | €56,864 | -€17,004 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €58,406 | €55,726 | -€2,680 | -4.6% |
| Trade debts | 44 | €15,461 | €406 | -€15,055 | -97.4% |
| Suppliers | 440/4 | €15,461 | €406 | -€15,055 | -97.4% |
| Taxes, remuneration and social security | 45 | - | €731 | +€731 | |
| Taxes | 450/3 | - | €731 | +€731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,343 | €70,710 | +€3,367 | +5.0% |
| Gross operating margin | 9900 | €106,758 | €98,266 | -€8,492 | -8.0% |
| Operating profit (loss) | 9901 | €39,415 | €27,556 | -€11,859 | -30.1% |
| Financial charges | 65/66B | €4,921 | €4,672 | -€249 | -5.1% |
| Recurring financial charges | 65 | €4,921 | €4,672 | -€249 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €34,494 | €22,884 | -€11,610 | -33.7% |
| Income taxes | 67/77 | €7,633 | €6,403 | -€1,229 | -16.1% |
| Profit (loss) for the period | 9904 | €26,861 | €16,481 | -€10,381 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,861 | €16,481 | -€10,381 | -38.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.