IMMO-LEGOD: 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-LEGOD
Largest movements
- Tangible fixed assets -€22,468
down €22,468 (-12.1%), from €186,004 to €163,536
of which Land and buildings: -€15,336
- Current investments +€3,780
up €3,780 (+11.0%), from €34,416 to €38,196
- Receivables within one year +€2,571
new in 2025: €2,571
- Debts after one year -€16,052
down €16,052 (-19.9%), from €80,640 to €64,588
of which Financial debts: -€16,052
- Other debts -€2,544
no longer reported in 2025 (was €2,544)
- Gross operating margin +€3,862
up €3,862 (+12.3%), from €31,364 to €35,226
- Financial charges -€445
down €445 (-16.0%), from €2,781 to €2,336
- Taxes +€383
up €383 (+2295.2%), from €17 to €400
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 | €223,564 | €207,207 | -€16,356 | -7.3% |
| Fixed assets | 21/28 | €186,004 | €163,536 | -€22,468 | -12.1% |
| Tangible fixed assets | 22/27 | €186,004 | €163,536 | -€22,468 | -12.1% |
| Land and buildings | 22 | €160,593 | €145,257 | -€15,336 | -9.5% |
| Plant, machinery and equipment | 23 | €492 | €826 | +€334 | +68.0% |
| Furniture and vehicles | 24 | €24,919 | €17,453 | -€7,466 | -30.0% |
| Current assets | 29/58 | €37,559 | €43,672 | +€6,112 | +16.3% |
| Amounts receivable within one year | 40/41 | - | €2,571 | +€2,571 | |
| Other amounts receivable | 41 | - | €2,571 | +€2,571 | |
| Current investments | 50/53 | €34,416 | €38,196 | +€3,780 | +11.0% |
| Cash at bank and in hand | 54/58 | €2,475 | €2,156 | -€319 | -12.9% |
| Deferred charges and accrued income | 490/1 | €669 | €749 | +€80 | +11.9% |
| Total equity and liabilities | 10/49 | €223,564 | €207,207 | -€16,356 | -7.3% |
| Equity | 10/15 | €108,812 | €110,928 | +€2,116 | +1.9% |
| Contributions | 10/11 | €20,211 | €20,211 | = | 0.0% |
| Reserves | 13 | €87,961 | €89,640 | +€1,680 | +1.9% |
| Tax-exempt reserves | 132 | €48,461 | €46,140 | -€2,320 | -4.8% |
| Distributable reserves | 133 | €39,500 | €43,500 | +€4,000 | +10.1% |
| Profit (loss) carried forward | 14 | €641 | €1,077 | +€436 | +68.1% |
| Provisions and deferred taxes | 16 | €12,536 | €11,956 | -€580 | -4.6% |
| Deferred taxes | 168 | €12,536 | €11,956 | -€580 | -4.6% |
| Amounts payable | 17/49 | €102,215 | €84,323 | -€17,892 | -17.5% |
| Amounts payable after more than one year | 17 | €80,640 | €64,588 | -€16,052 | -19.9% |
| Financial debts | 170/4 | €77,880 | €61,828 | -€16,052 | -20.6% |
| Other amounts payable | 178/9 | €2,760 | €2,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,613 | €16,443 | -€3,170 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €16,120 | €16,052 | -€68 | -0.4% |
| Taxes, remuneration and social security | 45 | €950 | €391 | -€559 | -58.8% |
| Taxes | 450/3 | €950 | €391 | -€559 | -58.8% |
| Other amounts payable | 47/48 | €2,544 | - | -€2,544 | |
| Accrued charges and deferred income | 492/3 | €1,962 | €3,292 | +€1,330 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,913 | €23,639 | -€273 | -1.1% |
| Other operating charges | 640/8 | €7,977 | €8,225 | +€247 | +3.1% |
| Gross operating margin | 9900 | €31,364 | €35,226 | +€3,862 | +12.3% |
| Operating profit (loss) | 9901 | -€526 | €3,362 | +€3,888 | |
| Financial income | 75/76B | €887 | €910 | +€22 | +2.5% |
| Recurring financial income | 75 | €887 | €910 | +€22 | +2.5% |
| Financial charges | 65/66B | €2,781 | €2,336 | -€445 | -16.0% |
| Recurring financial charges | 65 | €2,781 | €2,336 | -€445 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,419 | €1,936 | +€4,355 | |
| Transfer from deferred taxes | 780 | €661 | €580 | -€81 | -12.2% |
| Income taxes | 67/77 | €17 | €400 | +€383 | +2295.2% |
| Profit (loss) for the period | 9904 | -€1,775 | €2,116 | +€3,891 | |
| Transfer from tax-exempt reserves | 789 | €2,643 | €2,320 | -€323 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €868 | €4,436 | +€3,568 | +411.1% |
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 9 October 2026 via checked.be.