IMMO LECLERCQ: 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 LECLERCQ
Largest movements
- Cash +€238,947
up €238,947 (+41.7%), from €572,688 to €811,635
mainly Net result for the year (+€249,557) and Other debts (+€150,267)
- Tangible fixed assets +€27,532
up €27,532 (+68.0%), from €40,509 to €68,040
of which Furniture and vehicles: +€19,965
- Receivables within one year -€24,009
down €24,009 (-24.2%), from €99,169 to €75,160
of which Trade receivables: -€39,201
- Other debts +€150,267
up €150,267 (+95.6%), from €157,153 to €307,421
- Profit (loss) carried forward +€99,557
up €99,557 (+51.1%), from €194,849 to €294,406
- Advances received -€14,395
down €14,395 (-6.7%), from €216,025 to €201,630
- Tax, wage and social debts +€9,724
up €9,724 (+23.1%), from €42,041 to €51,765
of which Remuneration and social security: +€12,092
- Gross operating margin +€94,063
up €94,063 (+25.0%), from €376,932 to €470,996
- Staff costs +€18,989
up €18,989 (+19.3%), from €98,529 to €117,518
- Taxes +€18,848
up €18,848 (+27.2%), from €69,221 to €88,070
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 | €715,342 | €960,981 | +€245,640 | +34.3% |
| Fixed assets | 21/28 | €40,509 | €68,040 | +€27,532 | +68.0% |
| Tangible fixed assets | 22/27 | €40,509 | €68,040 | +€27,532 | +68.0% |
| Plant, machinery and equipment | 23 | €9,868 | €19,771 | +€9,903 | +100% |
| Furniture and vehicles | 24 | €14,787 | €34,751 | +€19,965 | +135% |
| Other tangible fixed assets | 26 | €15,854 | €13,518 | -€2,336 | -14.7% |
| Current assets | 29/58 | €674,833 | €892,941 | +€218,108 | +32.3% |
| Amounts receivable within one year | 40/41 | €99,169 | €75,160 | -€24,009 | -24.2% |
| Trade receivables | 40 | €78,466 | €39,265 | -€39,201 | -50.0% |
| Other amounts receivable | 41 | €20,703 | €35,895 | +€15,192 | +73.4% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €572,688 | €811,635 | +€238,947 | +41.7% |
| Deferred charges and accrued income | 490/1 | €2,975 | €2,145 | -€830 | -27.9% |
| Total equity and liabilities | 10/49 | €715,342 | €960,981 | +€245,640 | +34.3% |
| Equity | 10/15 | €274,839 | €374,396 | +€99,557 | +36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,390 | €61,390 | = | 0.0% |
| Distributable reserves | 133 | €61,390 | €61,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,849 | €294,406 | +€99,557 | +51.1% |
| Amounts payable | 17/49 | €440,503 | €586,586 | +€146,083 | +33.2% |
| Amounts payable within one year | 42/48 | €440,503 | €586,586 | +€146,083 | +33.2% |
| Trade debts | 44 | €25,283 | €25,770 | +€487 | +1.9% |
| Suppliers | 440/4 | €25,283 | €25,770 | +€487 | +1.9% |
| Advances received on contracts in progress | 46 | €216,025 | €201,630 | -€14,395 | -6.7% |
| Taxes, remuneration and social security | 45 | €42,041 | €51,765 | +€9,724 | +23.1% |
| Taxes | 450/3 | €32,443 | €30,075 | -€2,368 | -7.3% |
| Remuneration and social security | 454/9 | €9,598 | €21,690 | +€12,092 | +126% |
| Other amounts payable | 47/48 | €157,153 | €307,421 | +€150,267 | +95.6% |
| Remuneration, social security and pensions | 62 | €98,529 | €117,518 | +€18,989 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,959 | €15,650 | +€4,691 | +42.8% |
| Other operating charges | 640/8 | €228 | €796 | +€568 | +249% |
| Gross operating margin | 9900 | €376,932 | €470,996 | +€94,063 | +25.0% |
| Operating profit (loss) | 9901 | €267,217 | €337,032 | +€69,815 | +26.1% |
| Financial income | 75/76B | €68 | €1,156 | +€1,088 | +1,594% |
| Recurring financial income | 75 | €68 | €1,156 | +€1,088 | +1,594% |
| Financial charges | 65/66B | €544 | €561 | +€17 | +3.1% |
| Recurring financial charges | 65 | €544 | €561 | +€17 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €266,740 | €337,626 | +€70,886 | +26.6% |
| Income taxes | 67/77 | €69,221 | €88,070 | +€18,848 | +27.2% |
| Profit (loss) for the period | 9904 | €197,519 | €249,557 | +€52,038 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €197,519 | €249,557 | +€52,038 | +26.3% |
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 17 October 2026 via checked.be.