IMMO LENOIR: 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 LENOIR
Largest movements
- Tangible fixed assets -€36,362
down €36,362 (-4.7%), from €775,390 to €739,028
of which Land and buildings: -€30,548
- Cash -€14,954
down €14,954 (-9.5%), from €157,579 to €142,625
mainly Net result for the year (-€20,466) and Other debts (-€18,426)
- Reserves -€20,848
down €20,848 (-5.3%), from €395,761 to €374,913
of which Tax-exempt reserves: -€20,848
- Other debts -€18,426
down €18,426 (-3.1%), from €601,414 to €582,987
- Provisions -€9,688
down €9,688 (-5.6%), from €174,509 to €164,821
- Gross operating margin +€30,431
up €30,431, from -€15,007 to €15,423
- Other operating charges +€3,689
up €3,689 (+59.5%), from €6,195 to €9,884
- Depreciation -€2,850
down €2,850 (-7.3%), from €39,212 to €36,362
- Financial income -€1,313
down €1,313 (-56.0%), from €2,346 to €1,033
- Taxes -€160
down €160 (-100%), from €160 to €0
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 | €935,647 | €884,627 | -€51,021 | -5.5% |
| Fixed assets | 21/28 | €775,390 | €739,028 | -€36,362 | -4.7% |
| Tangible fixed assets | 22/27 | €775,390 | €739,028 | -€36,362 | -4.7% |
| Land and buildings | 22 | €729,108 | €698,560 | -€30,548 | -4.2% |
| Plant, machinery and equipment | 23 | €40,516 | €34,702 | -€5,814 | -14.3% |
| Furniture and vehicles | 24 | €5,766 | €5,766 | = | 0.0% |
| Current assets | 29/58 | €160,258 | €145,599 | -€14,659 | -9.1% |
| Amounts receivable within one year | 40/41 | €1,247 | €1,623 | +€376 | +30.2% |
| Trade receivables | 40 | €703 | €1,313 | +€610 | +86.7% |
| Other amounts receivable | 41 | €543 | €310 | -€233 | -43.0% |
| Cash at bank and in hand | 54/58 | €157,579 | €142,625 | -€14,954 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,351 | -€80 | -5.6% |
| Total equity and liabilities | 10/49 | €935,647 | €884,627 | -€51,021 | -5.5% |
| Equity | 10/15 | €154,453 | €133,987 | -€20,466 | -13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €395,761 | €374,913 | -€20,848 | -5.3% |
| Tax-exempt reserves | 132 | €375,761 | €354,913 | -€20,848 | -5.5% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,309 | -€260,926 | +€383 | +0.1% |
| Provisions and deferred taxes | 16 | €174,509 | €164,821 | -€9,688 | -5.6% |
| Deferred taxes | 168 | €174,509 | €164,821 | -€9,688 | -5.6% |
| Amounts payable | 17/49 | €606,686 | €585,819 | -€20,867 | -3.4% |
| Amounts payable within one year | 42/48 | €604,950 | €584,219 | -€20,731 | -3.4% |
| Trade debts | 44 | €3,537 | €1,232 | -€2,305 | -65.2% |
| Suppliers | 440/4 | €3,537 | €1,232 | -€2,305 | -65.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €601,414 | €582,987 | -€18,426 | -3.1% |
| Accrued charges and deferred income | 492/3 | €1,736 | €1,600 | -€136 | -7.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,212 | €36,362 | -€2,850 | -7.3% |
| Other operating charges | 640/8 | €6,195 | €9,884 | +€3,689 | +59.5% |
| Gross operating margin | 9900 | -€15,007 | €15,423 | +€30,431 | |
| Operating profit (loss) | 9901 | -€60,414 | -€30,822 | +€29,592 | +49.0% |
| Financial income | 75/76B | €2,346 | €1,033 | -€1,313 | -56.0% |
| Recurring financial income | 75 | €2,346 | €1,033 | -€1,313 | -56.0% |
| Financial charges | 65/66B | €327 | €364 | +€37 | +11.3% |
| Recurring financial charges | 65 | €327 | €364 | +€37 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,396 | -€30,154 | +€28,242 | +48.4% |
| Transfer from deferred taxes | 780 | €9,689 | €9,688 | -€1 | 0.0% |
| Income taxes | 67/77 | €160 | €0 | -€160 | -100% |
| Profit (loss) for the period | 9904 | -€48,867 | -€20,466 | +€28,401 | +58.1% |
| Transfer from tax-exempt reserves | 789 | €20,848 | €20,848 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,018 | €383 | +€28,401 |
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 18 October 2026 via checked.be.