IMMO LD: 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 LD
Largest movements
- Receivables within one year -€564,106
down €564,106 (-48.6%), from €1.2m to €595,815
of which Other amounts receivable: -€1.2m
- Deferred charges and accrued income -€92,272
no longer reported in 2025 (was €92,272)
- Reserves -€688,933
down €688,933 (-58.2%), from €1.2m to €494,307
of which Distributable reserves: -€688,933
- Other debts +€112,277
up €112,277 (+1186.2%), from €9,465 to €121,742
- Trade debts -€61,499
down €61,499 (-56.2%), from €109,447 to €47,948
- Write-downs +€703,534
new in 2025: €703,534
- Gross operating margin -€21,137
down €21,137 (-20.8%), from €101,686 to €80,549
- Financial income -€5,770
down €5,770 (-52.8%), from €10,937 to €5,167
- Other operating charges -€3,264
down €3,264 (-6.9%), from €47,411 to €44,147
- Financial charges +€1,392
up €1,392 (+6.6%), from €21,213 to €22,605
of which Financial charges: +€1,302
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 | €1,662,308 | €1,005,864 | -€656,444 | -39.5% |
| Fixed assets | 21/28 | €409,353 | €408,989 | -€364 | -0.1% |
| Tangible fixed assets | 22/27 | €409,353 | €404,989 | -€4,364 | -1.1% |
| Land and buildings | 22 | €409,353 | €404,989 | -€4,364 | -1.1% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €1,252,955 | €596,875 | -€656,080 | -52.4% |
| Amounts receivable within one year | 40/41 | €1,159,920 | €595,815 | -€564,106 | -48.6% |
| Trade receivables | 40 | - | €595,815 | +€595,815 | |
| Other amounts receivable | 41 | €1,159,920 | - | -€1.2m | |
| Cash at bank and in hand | 54/58 | €763 | €1,060 | +€297 | +39.0% |
| Deferred charges and accrued income | 490/1 | €92,272 | - | -€92,272 | |
| Total equity and liabilities | 10/49 | €1,662,308 | €1,005,864 | -€656,444 | -39.5% |
| Equity | 10/15 | €1,354,993 | €666,059 | -€688,933 | -50.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €21,753 | €21,753 | = | 0.0% |
| Reserves | 13 | €1,183,240 | €494,307 | -€688,933 | -58.2% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €1,168,240 | €479,307 | -€688,933 | -59.0% |
| Provisions and deferred taxes | 16 | €125,262 | €118,948 | -€6,314 | -5.0% |
| Provisions for liabilities and charges | 160/5 | €125,262 | €118,948 | -€6,314 | -5.0% |
| Environmental obligations | 163 | €125,262 | - | -€125,262 | |
| Other liabilities and charges | 164/5 | - | €118,948 | +€118,948 | |
| Amounts payable | 17/49 | €182,053 | €220,856 | +€38,803 | +21.3% |
| Amounts payable within one year | 42/48 | €182,053 | €220,856 | +€38,803 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €51,167 | €51,167 | = | 0.0% |
| Financial debts | 43 | €11,974 | - | -€11,974 | |
| Credit institutions | 430/8 | €11,974 | - | -€11,974 | |
| Trade debts | 44 | €109,447 | €47,948 | -€61,499 | -56.2% |
| Suppliers | 440/4 | €109,447 | €47,948 | -€61,499 | -56.2% |
| Other amounts payable | 47/48 | €9,465 | €121,742 | +€112,277 | +1186.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,364 | €4,364 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €703,534 | +€703,534 | |
| Other operating charges | 640/8 | €47,411 | €44,147 | -€3,264 | -6.9% |
| Gross operating margin | 9900 | €101,686 | €80,549 | -€21,137 | -20.8% |
| Operating profit (loss) | 9901 | €49,912 | -€671,495 | -€721,407 | |
| Financial income | 75/76B | €10,937 | €5,167 | -€5,770 | -52.8% |
| Recurring financial income | 75 | €10,937 | €5,167 | -€5,770 | -52.8% |
| Financial charges | 65/66B | €21,213 | €22,605 | +€1,392 | +6.6% |
| Recurring financial charges | 65 | €9,797 | €11,099 | +€1,302 | +13.3% |
| Non-recurring financial charges | 66B | €11,416 | €11,506 | +€90 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €39,635 | -€688,933 | -€728,568 | |
| Profit (loss) for the period | 9904 | €39,635 | -€688,933 | -€728,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,635 | -€688,933 | -€728,568 |
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 10 October 2026 via checked.be.