IMMO LEXCEL: what changed
Two fiscal 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 LEXCEL
Largest movements
- Tangible fixed assets -€47,066
down €47,066 (-6.2%), from €763,921 to €716,855
of which Land and buildings: -€30,117
- Cash +€34,283
up €34,283 (+1157.4%), from €2,962 to €37,245
mainly Depreciation (+€47,066) and Other debts (+€41,872)
- Receivables within one year +€10,200
new in 2025: €10,200
- Debts after one year -€45,444
down €45,444 (-10.2%), from €443,412 to €397,969
- Other debts +€41,872
up €41,872 (+12.8%), from €326,894 to €368,766
No income-statement line moved by more than 1% of the activity.
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 | €766,883 | €764,300 | -€2,582 | -0.3% |
| Fixed assets | 21/28 | €763,921 | €716,855 | -€47,066 | -6.2% |
| Tangible fixed assets | 22/27 | €763,921 | €716,855 | -€47,066 | -6.2% |
| Land and buildings | 22 | €708,484 | €678,366 | -€30,117 | -4.3% |
| Other tangible fixed assets | 26 | €55,437 | €38,489 | -€16,948 | -30.6% |
| Current assets | 29/58 | €2,962 | €47,445 | +€44,483 | +1501.7% |
| Amounts receivable within one year | 40/41 | - | €10,200 | +€10,200 | |
| Trade receivables | 40 | - | €10,200 | +€10,200 | |
| Cash at bank and in hand | 54/58 | €2,962 | €37,245 | +€34,283 | +1157.4% |
| Total equity and liabilities | 10/49 | €766,883 | €764,300 | -€2,582 | -0.3% |
| Equity | 10/15 | -€49,617 | -€47,879 | +€1,738 | +3.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,617 | -€72,879 | +€1,738 | +2.3% |
| Amounts payable | 17/49 | €816,500 | €812,179 | -€4,321 | -0.5% |
| Amounts payable after more than one year | 17 | €443,412 | €397,969 | -€45,444 | -10.2% |
| Financial debts | 170/4 | €443,412 | €397,969 | -€45,444 | -10.2% |
| Amounts payable within one year | 42/48 | €373,088 | €414,211 | +€41,123 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €46,193 | €45,444 | -€749 | -1.6% |
| Other amounts payable | 47/48 | €326,894 | €368,766 | +€41,872 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,455 | €47,066 | -€390 | -0.8% |
| Other operating charges | 640/8 | €3,895 | €3,411 | -€484 | -12.4% |
| Gross operating margin | 9900 | €58,101 | €58,432 | +€331 | +0.6% |
| Operating profit (loss) | 9901 | €6,750 | €7,955 | +€1,205 | +17.8% |
| Financial charges | 65/66B | €6,790 | €6,217 | -€573 | -8.4% |
| Recurring financial charges | 65 | €6,790 | €6,217 | -€573 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€40 | €1,738 | +€1,778 | |
| Profit (loss) for the period | 9904 | -€40 | €1,738 | +€1,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40 | €1,738 | +€1,778 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.