IMMO LEQUEUX: 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 LEQUEUX
Largest movements
- Tangible fixed assets +€216,344
up €216,344 (+9.7%), from €2.2m to €2.4m
of which Land and buildings: +€217,732
- Cash +€47,467
up €47,467 (+1115.6%), from €4,255 to €51,721
mainly Debts after one year (+€298,450) and Depreciation (+€77,126)
- Debts after one year +€298,450
new in 2025: €298,450
- Other debts -€80,594
down €80,594 (-3.6%), from €2.2m to €2.1m
- Current portion of long-term debt +€37,598
new in 2025: €37,598
- Gross operating margin +€54,276
up €54,276 (+107.5%), from €50,504 to €104,780
- Financial charges +€10,454
up €10,454 (+7743.3%), from €135 to €10,589
- Depreciation -€8,658
down €8,658 (-10.1%), from €85,783 to €77,126
- Other operating charges +€1,390
up €1,390 (+22.6%), from €6,146 to €7,535
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 | €2,236,073 | €2,500,358 | +€264,285 | +11.8% |
| Fixed assets | 21/28 | €2,225,843 | €2,442,188 | +€216,344 | +9.7% |
| Tangible fixed assets | 22/27 | €2,225,843 | €2,442,188 | +€216,344 | +9.7% |
| Land and buildings | 22 | €2,202,368 | €2,420,100 | +€217,732 | +9.9% |
| Plant, machinery and equipment | 23 | €2,145 | €1,128 | -€1,017 | -47.4% |
| Furniture and vehicles | 24 | €21,330 | €20,959 | -€371 | -1.7% |
| Current assets | 29/58 | €10,229 | €58,170 | +€47,941 | +468.7% |
| Amounts receivable within one year | 40/41 | €5,764 | €5,920 | +€156 | +2.7% |
| Trade receivables | 40 | €0 | €5,900 | +€5,900 | |
| Other amounts receivable | 41 | €5,764 | €20 | -€5,744 | -99.7% |
| Cash at bank and in hand | 54/58 | €4,255 | €51,721 | +€47,467 | +1115.6% |
| Deferred charges and accrued income | 490/1 | €211 | €529 | +€318 | +151.1% |
| Total equity and liabilities | 10/49 | €2,236,073 | €2,500,358 | +€264,285 | +11.8% |
| Equity | 10/15 | €8,149 | €17,735 | +€9,586 | +117.6% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,851 | -€142,265 | +€9,586 | +6.3% |
| Amounts payable | 17/49 | €2,227,924 | €2,482,623 | +€254,699 | +11.4% |
| Amounts payable after more than one year | 17 | - | €298,450 | +€298,450 | |
| Financial debts | 170/4 | - | €298,450 | +€298,450 | |
| Amounts payable within one year | 42/48 | €2,222,484 | €2,178,693 | -€43,791 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €37,598 | +€37,598 | |
| Trade debts | 44 | €2,018 | €327 | -€1,691 | -83.8% |
| Suppliers | 440/4 | €2,018 | €327 | -€1,691 | -83.8% |
| Taxes, remuneration and social security | 45 | €175 | €1,071 | +€896 | +513.3% |
| Taxes | 450/3 | €175 | €196 | +€21 | +12.1% |
| Remuneration and social security | 454/9 | €0 | €875 | +€875 | |
| Other amounts payable | 47/48 | €2,220,291 | €2,139,698 | -€80,594 | -3.6% |
| Accrued charges and deferred income | 492/3 | €5,440 | €5,480 | +€40 | +0.7% |
| Non-recurring operating income | 76A | €4,674 | €0 | -€4,674 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,783 | €77,126 | -€8,658 | -10.1% |
| Other operating charges | 640/8 | €6,146 | €7,535 | +€1,390 | +22.6% |
| Gross operating margin | 9900 | €50,504 | €104,780 | +€54,276 | +107.5% |
| Operating profit (loss) | 9901 | -€41,425 | €20,119 | +€61,544 | |
| Financial income | 75/76B | €40 | €252 | +€212 | +537.7% |
| Recurring financial income | 75 | €40 | €252 | +€212 | +537.7% |
| Financial charges | 65/66B | €135 | €10,589 | +€10,454 | +7743.3% |
| Recurring financial charges | 65 | €135 | €10,589 | +€10,454 | +7743.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,520 | €9,782 | +€51,302 | |
| Income taxes | 67/77 | €175 | €196 | +€21 | +12.1% |
| Profit (loss) for the period | 9904 | -€41,695 | €9,586 | +€51,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,695 | €9,586 | +€51,281 |
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.