IMMO LDM: 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 LDM
Largest movements
- Cash +€13,867
up €13,867 (+34.3%), from €40,412 to €54,279
mainly Net result for the year (+€9,196) and Depreciation (+€5,707)
- Tangible fixed assets -€5,707
down €5,707 (-3.2%), from €176,844 to €171,137
- Reserves +€9,196
up €9,196 (+6.0%), from €152,857 to €162,053
of which Distributable reserves: +€9,196
- Gross operating margin -€1,136
down €1,136 (-5.2%), from €22,040 to €20,904
- Taxes -€1,036
down €1,036 (-23.1%), from €4,485 to €3,449
- Other operating charges +€240
up €240 (+10.6%), from €2,269 to €2,509
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 | €217,256 | €225,416 | +€8,160 | +3.8% |
| Fixed assets | 21/28 | €176,844 | €171,137 | -€5,707 | -3.2% |
| Tangible fixed assets | 22/27 | €176,844 | €171,137 | -€5,707 | -3.2% |
| Land and buildings | 22 | €176,844 | €171,137 | -€5,707 | -3.2% |
| Current assets | 29/58 | €40,412 | €54,279 | +€13,867 | +34.3% |
| Cash at bank and in hand | 54/58 | €40,412 | €54,279 | +€13,867 | +34.3% |
| Total equity and liabilities | 10/49 | €217,256 | €225,416 | +€8,160 | +3.8% |
| Equity | 10/15 | €212,771 | €221,967 | +€9,196 | +4.3% |
| Contributions | 10/11 | €10,484 | €10,484 | = | 0.0% |
| Reserves | 13 | €152,857 | €162,053 | +€9,196 | +6.0% |
| Tax-exempt reserves | 132 | €59,575 | €59,575 | = | 0.0% |
| Distributable reserves | 133 | €93,282 | €102,478 | +€9,196 | +9.9% |
| Profit (loss) carried forward | 14 | €49,430 | €49,430 | = | 0.0% |
| Amounts payable | 17/49 | €4,485 | €3,449 | -€1,036 | -23.1% |
| Amounts payable within one year | 42/48 | €4,485 | €3,449 | -€1,036 | -23.1% |
| Taxes, remuneration and social security | 45 | €4,485 | €3,449 | -€1,036 | -23.1% |
| Taxes | 450/3 | €4,485 | €3,449 | -€1,036 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,724 | €5,707 | -€18 | -0.3% |
| Other operating charges | 640/8 | €2,269 | €2,509 | +€240 | +10.6% |
| Gross operating margin | 9900 | €22,040 | €20,904 | -€1,136 | -5.2% |
| Operating profit (loss) | 9901 | €14,047 | €12,688 | -€1,359 | -9.7% |
| Financial charges | 65/66B | €42 | €44 | +€2 | +4.8% |
| Recurring financial charges | 65 | €42 | €44 | +€2 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €14,005 | €12,645 | -€1,361 | -9.7% |
| Income taxes | 67/77 | €4,485 | €3,449 | -€1,036 | -23.1% |
| Profit (loss) for the period | 9904 | €9,521 | €9,196 | -€324 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,521 | €9,196 | -€324 | -3.4% |
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 6 October 2026 via checked.be.