IMMO LEËN: 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 LEËN
Largest movements
- Receivables within one year +€162,934
up €162,934 (+21.0%), from €776,339 to €939,273
of which Other amounts receivable: +€166,680
- Deferred charges and accrued income +€37,141
new in 2025: €37,141
- Reserves +€138,382
up €138,382 (+125%), from €110,625 to €249,007
of which Distributable reserves: +€138,382
- Tax, wage and social debts +€51,924
up €51,924 (+65.5%), from €79,256 to €131,180
- Gross operating margin -€121,495
down €121,495 (-38.9%), from €312,433 to €190,938
- Taxes -€27,928
down €27,928 (-35.7%), from €78,302 to €50,374
- Financial charges -€9,987
down €9,987 (-97.2%), from €10,277 to €290
- Depreciation -€6,684
down €6,684 (-88.9%), from €7,515 to €831
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 | €894,573 | €1,092,469 | +€197,897 | +22.1% |
| Fixed assets | 21/28 | €113,174 | €112,343 | -€831 | -0.7% |
| Tangible fixed assets | 22/27 | €113,174 | €112,343 | -€831 | -0.7% |
| Land and buildings | 22 | €113,174 | €112,343 | -€831 | -0.7% |
| Current assets | 29/58 | €781,398 | €980,126 | +€198,728 | +25.4% |
| Amounts receivable within one year | 40/41 | €776,339 | €939,273 | +€162,934 | +21.0% |
| Trade receivables | 40 | €3,746 | - | -€3,746 | |
| Other amounts receivable | 41 | €772,593 | €939,273 | +€166,680 | +21.6% |
| Cash at bank and in hand | 54/58 | €5,059 | €3,712 | -€1,347 | -26.6% |
| Deferred charges and accrued income | 490/1 | - | €37,141 | +€37,141 | |
| Total equity and liabilities | 10/49 | €894,573 | €1,092,469 | +€197,897 | +22.1% |
| Equity | 10/15 | €815,316 | €953,698 | +€138,382 | +17.0% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Revaluation surpluses | 12 | €518,771 | €518,771 | = | 0.0% |
| Reserves | 13 | €110,625 | €249,007 | +€138,382 | +125% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €54,533 | €192,915 | +€138,382 | +254% |
| Amounts payable | 17/49 | €79,256 | €138,771 | +€59,515 | +75.1% |
| Amounts payable within one year | 42/48 | €79,256 | €138,771 | +€59,515 | +75.1% |
| Trade debts | 44 | - | €2,035 | +€2,035 | |
| Suppliers | 440/4 | - | €2,035 | +€2,035 | |
| Taxes, remuneration and social security | 45 | €79,256 | €131,180 | +€51,924 | +65.5% |
| Taxes | 450/3 | €79,256 | €131,180 | +€51,924 | +65.5% |
| Other amounts payable | 47/48 | - | €5,555 | +€5,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,515 | €831 | -€6,684 | -88.9% |
| Other operating charges | 640/8 | €1,092 | €1,060 | -€31 | -2.8% |
| Non-recurring operating charges | 66A | €1,647,261 | - | -€1.6m | |
| Gross operating margin | 9900 | €312,433 | €190,938 | -€121,495 | -38.9% |
| Operating profit (loss) | 9901 | -€1,343,435 | €189,046 | +€1.5m | |
| Financial income | 75/76B | €654 | - | -€654 | |
| Recurring financial income | 75 | €654 | - | -€654 | |
| Financial charges | 65/66B | €10,277 | €290 | -€9,987 | -97.2% |
| Recurring financial charges | 65 | €10,277 | €290 | -€9,987 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,353,058 | €188,756 | +€1.5m | |
| Income taxes | 67/77 | €78,302 | €50,374 | -€27,928 | -35.7% |
| Profit (loss) for the period | 9904 | -€1,431,360 | €138,382 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,431,360 | €138,382 | +€1.6m |
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.