IMMO LIENS: 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 LIENS
Largest movements
- Tangible fixed assets +€687,073
up €687,073 (+41.4%), from €1.7m to €2.3m
of which Land and buildings: +€683,037
- Receivables within one year -€648,835
down €648,835 (-65.4%), from €992,450 to €343,615
of which Trade receivables: -€368,851
- Cash +€345,393
up €345,393 (+1757.5%), from €19,653 to €365,046
mainly Short-term financial debts (+€682,600) and Receivables within one year (+€648,835)
- Short-term financial debts +€682,600
new in 2025: €682,600
- Contributions -€439,318
down €439,318 (-69.5%), from €632,128 to €192,810
- Debts after one year +€218,697
up €218,697 (+48.7%), from €449,401 to €668,098
- Profit (loss) carried forward -€107,297
down €107,297 (-56.8%), from €188,940 to €81,643
- Gross operating margin -€135,067
down €135,067 (-61.3%), from €220,176 to €85,109
- Taxes +€3,032
up €3,032, from €0 to €3,032
- Other operating charges +€2,597
up €2,597 (+31.6%), from €8,215 to €10,811
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 | €2,674,639 | €3,058,900 | +€384,261 | +14.4% |
| Fixed assets | 21/28 | €1,658,453 | €2,345,526 | +€687,073 | +41.4% |
| Tangible fixed assets | 22/27 | €1,658,453 | €2,345,526 | +€687,073 | +41.4% |
| Land and buildings | 22 | €1,610,124 | €2,293,160 | +€683,037 | +42.4% |
| Plant, machinery and equipment | 23 | €90 | €2,497 | +€2,408 | +2684.0% |
| Furniture and vehicles | 24 | €4,611 | €6,240 | +€1,629 | +35.3% |
| Other tangible fixed assets | 26 | €43,629 | €43,629 | = | 0.0% |
| Current assets | 29/58 | €1,016,186 | €713,374 | -€302,812 | -29.8% |
| Amounts receivable within one year | 40/41 | €992,450 | €343,615 | -€648,835 | -65.4% |
| Trade receivables | 40 | €377,152 | €8,301 | -€368,851 | -97.8% |
| Other amounts receivable | 41 | €615,299 | €335,314 | -€279,984 | -45.5% |
| Cash at bank and in hand | 54/58 | €19,653 | €365,046 | +€345,393 | +1757.5% |
| Deferred charges and accrued income | 490/1 | €4,082 | €4,713 | +€630 | +15.4% |
| Total equity and liabilities | 10/49 | €2,674,639 | €3,058,900 | +€384,261 | +14.4% |
| Equity | 10/15 | €1,806,947 | €1,237,219 | -€569,727 | -31.5% |
| Contributions | 10/11 | €632,128 | €192,810 | -€439,318 | -69.5% |
| Capital | 10 | €632,128 | €192,810 | -€439,318 | -69.5% |
| Issued capital | 100 | €632,128 | €192,810 | -€439,318 | -69.5% |
| Reserves | 13 | €985,878 | €962,767 | -€23,112 | -2.3% |
| Non-distributable reserves | 130/1 | €63,213 | €63,213 | = | 0.0% |
| Legal reserve | 130 | €63,213 | €63,213 | = | 0.0% |
| Tax-exempt reserves | 132 | €922,666 | €899,554 | -€23,112 | -2.5% |
| Profit (loss) carried forward | 14 | €188,940 | €81,643 | -€107,297 | -56.8% |
| Provisions and deferred taxes | 16 | €367,508 | €357,249 | -€10,258 | -2.8% |
| Deferred taxes | 168 | €367,508 | €357,249 | -€10,258 | -2.8% |
| Amounts payable | 17/49 | €500,184 | €1,464,431 | +€964,247 | +192.8% |
| Amounts payable after more than one year | 17 | €449,401 | €668,098 | +€218,697 | +48.7% |
| Financial debts | 170/4 | €449,401 | €668,098 | +€218,697 | +48.7% |
| Amounts payable within one year | 42/48 | €50,489 | €795,896 | +€745,407 | +1476.4% |
| Current portion of amounts payable after more than one year | 42 | €44,511 | €56,303 | +€11,792 | +26.5% |
| Financial debts | 43 | - | €682,600 | +€682,600 | |
| Credit institutions | 430/8 | - | €682,600 | +€682,600 | |
| Trade debts | 44 | €5,978 | €34,072 | +€28,094 | +469.9% |
| Suppliers | 440/4 | €5,978 | €34,072 | +€28,094 | +469.9% |
| Taxes, remuneration and social security | 45 | €0 | €22,921 | +€22,921 | |
| Taxes | 450/3 | €0 | €22,921 | +€22,921 | |
| Accrued charges and deferred income | 492/3 | €295 | €437 | +€143 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,299 | €62,845 | -€1,454 | -2.3% |
| Other operating charges | 640/8 | €8,215 | €10,811 | +€2,597 | +31.6% |
| Gross operating margin | 9900 | €220,176 | €85,109 | -€135,067 | -61.3% |
| Operating profit (loss) | 9901 | €147,662 | €11,453 | -€136,210 | -92.2% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €18,431 | €17,778 | -€652 | -3.5% |
| Recurring financial charges | 65 | €18,431 | €17,778 | -€652 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €129,250 | -€6,326 | -€135,576 | |
| Transfer from deferred taxes | 780 | €8,641 | €11,807 | +€3,167 | +36.6% |
| Transfer to deferred taxes | 680 | €44,200 | €0 | -€44,200 | -100.0% |
| Income taxes | 67/77 | €0 | €3,032 | +€3,032 | |
| Profit (loss) for the period | 9904 | €93,690 | €2,450 | -€91,240 | -97.4% |
| Transfer from tax-exempt reserves | 789 | €18,258 | €21,563 | +€3,305 | +18.1% |
| Transfer to tax-exempt reserves | 689 | €132,601 | €0 | -€132,601 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,652 | €24,013 | +€44,665 |
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 12 October 2026 via checked.be.