Immo Lemmens: 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 Lemmens
Largest movements
- Tangible fixed assets -€46,252
down €46,252 (-3.5%), from €1.3m to €1.3m
- Debts after one year -€56,541
down €56,541 (-7.3%), from €772,702 to €716,161
of which Other amounts payable: -€295,022
- Reserves +€49,716
up €49,716 (+17.7%), from €281,289 to €331,005
of which Distributable reserves: +€27,787
- Provisions -€34,951
down €34,951 (-29.2%), from €119,602 to €84,651
- Gross operating margin -€5,099
down €5,099 (-6.1%), from €83,404 to €78,306
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 | €1,341,271 | €1,300,359 | -€40,912 | -3.1% |
| Fixed assets | 21/28 | €1,330,789 | €1,284,537 | -€46,252 | -3.5% |
| Tangible fixed assets | 22/27 | €1,330,789 | €1,284,537 | -€46,252 | -3.5% |
| Land and buildings | 22 | €1,330,789 | €1,284,537 | -€46,252 | -3.5% |
| Current assets | 29/58 | €10,483 | €15,822 | +€5,339 | +50.9% |
| Cash at bank and in hand | 54/58 | €7,183 | €14,907 | +€7,724 | +108% |
| Deferred charges and accrued income | 490/1 | €3,300 | €915 | -€2,384 | -72.3% |
| Total equity and liabilities | 10/49 | €1,341,271 | €1,300,359 | -€40,912 | -3.1% |
| Equity | 10/15 | €393,289 | €443,005 | +€49,716 | +12.6% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €281,289 | €331,005 | +€49,716 | +17.7% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €232,025 | €253,954 | +€21,929 | +9.5% |
| Distributable reserves | 133 | €38,065 | €65,852 | +€27,787 | +73.0% |
| Provisions and deferred taxes | 16 | €119,602 | €84,651 | -€34,951 | -29.2% |
| Deferred taxes | 168 | €119,602 | €84,651 | -€34,951 | -29.2% |
| Amounts payable | 17/49 | €828,380 | €772,702 | -€55,677 | -6.7% |
| Amounts payable after more than one year | 17 | €772,702 | €716,161 | -€56,541 | -7.3% |
| Financial debts | 170/4 | €477,680 | €716,161 | +€238,481 | +49.9% |
| Other amounts payable | 178/9 | €295,022 | - | -€295,022 | |
| Amounts payable within one year | 42/48 | €55,677 | €56,541 | +€864 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €55,677 | €56,541 | +€864 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,107 | €46,252 | +€145 | +0.3% |
| Other operating charges | 640/8 | €8,925 | €9,206 | +€281 | +3.1% |
| Gross operating margin | 9900 | €83,404 | €78,306 | -€5,099 | -6.1% |
| Operating profit (loss) | 9901 | €28,372 | €22,848 | -€5,524 | -19.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,178 | €8,083 | -€96 | -1.2% |
| Recurring financial charges | 65 | €8,178 | €8,083 | -€96 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €20,194 | €14,765 | -€5,429 | -26.9% |
| Transfer from deferred taxes | 780 | €8,592 | €9,766 | +€1,174 | +13.7% |
| Profit (loss) for the period | 9904 | €28,786 | €24,531 | -€4,255 | -14.8% |
| Transfer from tax-exempt reserves | 789 | €4,429 | €3,255 | -€1,174 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,215 | €27,787 | -€5,429 | -16.3% |
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 22 October 2026 via checked.be.