Immo Lem: 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 Lem
Largest movements
- Receivables within one year +€311,075
up €311,075 (+40,829%), from €762 to €311,837
of which Other amounts receivable: +€299,238
- Tangible fixed assets -€49,074
down €49,074 (-3.8%), from €1.3m to €1.3m
of which Land and buildings: -€50,812
- Debts after one year +€198,891
up €198,891 (+16.0%), from €1.2m to €1.4m
- Profit (loss) carried forward +€40,989
up €40,989 (+63.4%), from -€64,626 to -€23,637
- Current portion of long-term debt +€22,162
up €22,162 (+35.0%), from €63,326 to €85,488
- Gross operating margin +€33,169
up €33,169 (+33.2%), from €99,850 to €133,018
- Financial charges +€10,970
up €10,970 (+72.5%), from €15,125 to €26,095
- Financial income -€6,667
down €6,667 (-68.6%), from €9,722 to €3,055
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 | €1,350,857 | €1,618,849 | +€267,993 | +19.8% |
| Fixed assets | 21/28 | €1,302,607 | €1,253,533 | -€49,074 | -3.8% |
| Tangible fixed assets | 22/27 | €1,302,607 | €1,253,533 | -€49,074 | -3.8% |
| Land and buildings | 22 | €1,302,607 | €1,251,795 | -€50,812 | -3.9% |
| Plant, machinery and equipment | 23 | - | €1,738 | +€1,738 | |
| Current assets | 29/58 | €48,250 | €365,316 | +€317,067 | +657% |
| Amounts receivable within one year | 40/41 | €762 | €311,837 | +€311,075 | +40,829% |
| Trade receivables | 40 | - | €11,837 | +€11,837 | |
| Other amounts receivable | 41 | €762 | €300,000 | +€299,238 | +39,276% |
| Cash at bank and in hand | 54/58 | €47,488 | €52,020 | +€4,533 | +9.5% |
| Deferred charges and accrued income | 490/1 | - | €1,459 | +€1,459 | |
| Total equity and liabilities | 10/49 | €1,350,857 | €1,618,849 | +€267,993 | +19.8% |
| Equity | 10/15 | €23,653 | €61,587 | +€37,934 | +160% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,626 | -€23,637 | +€40,989 | +63.4% |
| Investment grants | 15 | €68,278 | €65,224 | -€3,055 | -4.5% |
| Amounts payable | 17/49 | €1,327,204 | €1,557,263 | +€230,059 | +17.3% |
| Amounts payable after more than one year | 17 | €1,245,985 | €1,444,876 | +€198,891 | +16.0% |
| Financial debts | 170/4 | €1,245,985 | €1,444,876 | +€198,891 | +16.0% |
| Amounts payable within one year | 42/48 | €81,219 | €112,387 | +€31,168 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €63,326 | €85,488 | +€22,162 | +35.0% |
| Trade debts | 44 | €182 | €2,223 | +€2,041 | +1,121% |
| Suppliers | 440/4 | €182 | €2,223 | +€2,041 | +1,121% |
| Taxes, remuneration and social security | 45 | €5,242 | €10,339 | +€5,097 | +97.2% |
| Taxes | 450/3 | €5,242 | €10,339 | +€5,097 | +97.2% |
| Other amounts payable | 47/48 | €12,469 | €14,337 | +€1,868 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,037 | €50,814 | -€223 | -0.4% |
| Other operating charges | 640/8 | €17,623 | €18,176 | +€553 | +3.1% |
| Gross operating margin | 9900 | €99,850 | €133,018 | +€33,169 | +33.2% |
| Operating profit (loss) | 9901 | €31,190 | €64,029 | +€32,839 | +105% |
| Financial income | 75/76B | €9,722 | €3,055 | -€6,667 | -68.6% |
| Recurring financial income | 75 | €9,722 | €3,055 | -€6,667 | -68.6% |
| Financial charges | 65/66B | €15,125 | €26,095 | +€10,970 | +72.5% |
| Recurring financial charges | 65 | €15,125 | €26,095 | +€10,970 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €25,787 | €40,989 | +€15,202 | +59.0% |
| Profit (loss) for the period | 9904 | €25,787 | €40,989 | +€15,202 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,787 | €40,989 | +€15,202 | +59.0% |
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 13 October 2026 via checked.be.