IMMO LEBO: 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 LEBO
Largest movements
- Receivables within one year -€111,614
down €111,614 (-71.4%), from €156,386 to €44,772
of which Other amounts receivable: -€111,614
- Cash -€54,500
down €54,500 (-53.5%), from €101,847 to €47,348
mainly Other debts (-€170,000) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets -€19,791
down €19,791 (-3.7%), from €530,103 to €510,313
- Other debts -€170,000
down €170,000 (-68.0%), from €250,000 to €80,000
- Tax, wage and social debts -€43,416
down €43,416 (-92.2%), from €47,073 to €3,658
- Reserves +€35,968
up €35,968 (+92.2%), from €38,993 to €74,961
of which Distributable reserves: +€40,094
- Gross operating margin +€4,351
up €4,351 (+2.5%), from €171,379 to €175,731
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 | €788,337 | €602,432 | -€185,904 | -23.6% |
| Fixed assets | 21/28 | €530,103 | €510,313 | -€19,791 | -3.7% |
| Tangible fixed assets | 22/27 | €530,103 | €510,313 | -€19,791 | -3.7% |
| Land and buildings | 22 | €530,103 | €510,313 | -€19,791 | -3.7% |
| Current assets | 29/58 | €258,233 | €92,120 | -€166,114 | -64.3% |
| Amounts receivable within one year | 40/41 | €156,386 | €44,772 | -€111,614 | -71.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €156,386 | €44,772 | -€111,614 | -71.4% |
| Cash at bank and in hand | 54/58 | €101,847 | €47,348 | -€54,500 | -53.5% |
| Total equity and liabilities | 10/49 | €788,337 | €602,432 | -€185,904 | -23.6% |
| Equity | 10/15 | €353,818 | €389,786 | +€35,968 | +10.2% |
| Contributions | 10/11 | €314,825 | €314,825 | = | 0.0% |
| Capital | 10 | €314,825 | €314,825 | = | 0.0% |
| Issued capital | 100 | €314,825 | €314,825 | = | 0.0% |
| Reserves | 13 | €38,993 | €74,961 | +€35,968 | +92.2% |
| Non-distributable reserves | 130/1 | €31,482 | €31,482 | = | 0.0% |
| Legal reserve | 130 | €31,482 | €31,482 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,126 | €0 | -€4,126 | -100.0% |
| Distributable reserves | 133 | €3,385 | €43,479 | +€40,094 | +1184.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,375 | €0 | -€1,375 | -100.0% |
| Deferred taxes | 168 | €1,375 | €0 | -€1,375 | -100.0% |
| Amounts payable | 17/49 | €433,143 | €212,647 | -€220,497 | -50.9% |
| Amounts payable after more than one year | 17 | €77,578 | €69,739 | -€7,839 | -10.1% |
| Financial debts | 170/4 | €77,578 | €69,739 | -€7,839 | -10.1% |
| Amounts payable within one year | 42/48 | €308,606 | €94,795 | -€213,810 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €8,370 | €8,487 | +€117 | +1.4% |
| Trade debts | 44 | €3,162 | €2,650 | -€512 | -16.2% |
| Suppliers | 440/4 | €3,162 | €2,650 | -€512 | -16.2% |
| Taxes, remuneration and social security | 45 | €47,073 | €3,658 | -€43,416 | -92.2% |
| Taxes | 450/3 | €47,073 | €3,658 | -€43,416 | -92.2% |
| Other amounts payable | 47/48 | €250,000 | €80,000 | -€170,000 | -68.0% |
| Accrued charges and deferred income | 492/3 | €46,960 | €48,112 | +€1,153 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,791 | €19,791 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,310 | €1,960 | -€350 | -15.2% |
| Gross operating margin | 9900 | €171,379 | €175,731 | +€4,351 | +2.5% |
| Operating profit (loss) | 9901 | €149,279 | €153,980 | +€4,702 | +3.1% |
| Financial income | 75/76B | €3,448 | €2,897 | -€551 | -16.0% |
| Recurring financial income | 75 | €3,448 | €2,897 | -€551 | -16.0% |
| Financial charges | 65/66B | €1,982 | €2,046 | +€64 | +3.2% |
| Recurring financial charges | 65 | €1,982 | €2,046 | +€64 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €150,745 | €154,831 | +€4,086 | +2.7% |
| Transfer from deferred taxes | 780 | €1,375 | €1,375 | +€0 | 0.0% |
| Income taxes | 67/77 | €39,062 | €40,239 | +€1,177 | +3.0% |
| Profit (loss) for the period | 9904 | €113,059 | €115,968 | +€2,909 | +2.6% |
| Transfer from tax-exempt reserves | 789 | €4,126 | €4,126 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,185 | €120,094 | +€2,909 | +2.5% |
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.