IMMO LEGRAIVE: 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 LEGRAIVE
Largest movements
- Cash +€297,075
up €297,075 (+148.1%), from €200,652 to €497,728
mainly Net result for the year (+€897,042) and Provisions (+€270,620)
- Stocks and contracts +€164,467
up €164,467 (+201.0%), from €81,839 to €246,306
- Tangible fixed assets +€147,891
up €147,891 (+4.3%), from €3.4m to €3.6m
of which Land and buildings: +€154,447
- Reserves +€948,247
up €948,247 (+156.2%), from €607,121 to €1.6m
of which Tax-exempt reserves: +€948,247
- Other debts -€374,267
down €374,267 (-77.4%), from €483,473 to €109,206
- Provisions +€270,620
up €270,620 (+185.7%), from €145,744 to €416,364
- Debts after one year -€140,400
down €140,400 (-5.2%), from €2.7m to €2.6m
of which Financial debts: -€140,400
- Advances received -€82,000
no longer reported in 2025 (was €82,000)
- Gross operating margin +€1.2m
up €1.2m (+512.9%), from €231,923 to €1.4m
- Taxes +€19,926
up €19,926 (+647.8%), from €3,076 to €23,002
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 | €3,863,875 | €4,448,565 | +€584,691 | +15.1% |
| Fixed assets | 21/28 | €3,569,449 | €3,699,677 | +€130,228 | +3.6% |
| Tangible fixed assets | 22/27 | €3,448,265 | €3,596,156 | +€147,891 | +4.3% |
| Land and buildings | 22 | €3,441,708 | €3,596,156 | +€154,447 | +4.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,557 | €0 | -€6,557 | -100.0% |
| Financial fixed assets | 28 | €121,184 | €103,521 | -€17,663 | -14.6% |
| Current assets | 29/58 | €294,425 | €748,888 | +€454,463 | +154.4% |
| Stocks and contracts in progress | 3 | €81,839 | €246,306 | +€164,467 | +201.0% |
| Contracts in progress | 37 | €81,839 | €246,306 | +€164,467 | +201.0% |
| Amounts receivable within one year | 40/41 | €11,934 | €3,855 | -€8,079 | -67.7% |
| Trade receivables | 40 | €10,205 | - | -€10,205 | |
| Other amounts receivable | 41 | €1,729 | €3,855 | +€2,126 | +122.9% |
| Cash at bank and in hand | 54/58 | €200,652 | €497,728 | +€297,075 | +148.1% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €3,863,875 | €4,448,565 | +€584,691 | +15.1% |
| Equity | 10/15 | €295,740 | €1,192,782 | +€897,042 | +303.3% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €607,121 | €1,555,368 | +€948,247 | +156.2% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Legal reserve | 130 | €33,500 | €33,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €573,621 | €1,521,868 | +€948,247 | +165.3% |
| Profit (loss) carried forward | 14 | -€646,381 | -€697,587 | -€51,206 | -7.9% |
| Provisions and deferred taxes | 16 | €145,744 | €416,364 | +€270,620 | +185.7% |
| Deferred taxes | 168 | €145,744 | €416,364 | +€270,620 | +185.7% |
| Amounts payable | 17/49 | €3,422,391 | €2,839,420 | -€582,971 | -17.0% |
| Amounts payable after more than one year | 17 | €2,717,141 | €2,576,741 | -€140,400 | -5.2% |
| Financial debts | 170/4 | €2,609,548 | €2,469,147 | -€140,400 | -5.4% |
| Other amounts payable | 178/9 | €107,594 | €107,594 | = | 0.0% |
| Amounts payable within one year | 42/48 | €703,650 | €250,144 | -€453,506 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €138,177 | €140,400 | +€2,224 | +1.6% |
| Trade debts | 44 | - | €538 | +€538 | |
| Suppliers | 440/4 | - | €538 | +€538 | |
| Advances received on contracts in progress | 46 | €82,000 | - | -€82,000 | |
| Other amounts payable | 47/48 | €483,473 | €109,206 | -€374,267 | -77.4% |
| Accrued charges and deferred income | 492/3 | €1,600 | €12,535 | +€10,935 | +683.4% |
| Non-recurring operating income | 76A | €10,889 | €1,287,061 | +€1.3m | +11719.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,244 | €164,512 | -€4,732 | -2.8% |
| Other operating charges | 640/8 | €23,846 | €22,765 | -€1,081 | -4.5% |
| Gross operating margin | 9900 | €231,923 | €1,421,525 | +€1.2m | +512.9% |
| Operating profit (loss) | 9901 | €38,833 | €1,234,247 | +€1.2m | +3078.3% |
| Financial income | 75/76B | €5,789 | €7,164 | +€1,375 | +23.8% |
| Recurring financial income | 75 | €5,789 | €7,164 | +€1,375 | +23.8% |
| Financial charges | 65/66B | €52,456 | €50,748 | -€1,708 | -3.3% |
| Recurring financial charges | 65 | €52,456 | €50,748 | -€1,708 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,834 | €1,190,664 | +€1.2m | |
| Transfer from deferred taxes | 780 | €17,049 | €51,146 | +€34,097 | +200.0% |
| Transfer to deferred taxes | 680 | - | €321,765 | +€321,765 | |
| Income taxes | 67/77 | €3,076 | €23,002 | +€19,926 | +647.8% |
| Profit (loss) for the period | 9904 | €6,138 | €897,042 | +€890,904 | +14514.0% |
| Transfer from tax-exempt reserves | 789 | €51,146 | €17,049 | -€34,097 | -66.7% |
| Transfer to tax-exempt reserves | 689 | - | €965,296 | +€965,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,284 | -€51,206 | -€108,489 |
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 11 October 2026 via checked.be.