IMMO LINSSEN: 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.
What changed
IMMO LINSSEN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,545
2024 · €3,182+€11,363
Equity
€25,484
2024 · €10,940+€14,545
Cash
€24,318
2024 · €19,302+€5,016
Balance sheet total
€545,073
2024 · €568,986-€23,913
Largest movements
Assets
- Tangible fixed assets -€24,296
down €24,296 (-4.8%), from €501,939 to €477,642
Equity and liabilities
- Debts after one year -€45,723
down €45,723 (-10.4%), from €439,047 to €393,324
- Profit (loss) carried forward +€14,545
up €14,545 (+37.2%), from -€39,060 to -€24,516
Income statement
- Gross operating margin +€16,069
up €16,069 (+31.0%), from €51,756 to €67,825
- Financial charges +€4,049
up €4,049 (+27.6%), from €14,674 to €18,723
- Taxes +€1,251
new in 2025: €1,251
- Depreciation -€772
down €772 (-2.6%), from €29,800 to €29,028
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.
Result 2024
€3,182
Gross operating margin
+€16,069
Depreciation
+€772
Other operating charges
-€147
Financial income
-€30
Financial charges
-€4,049
Taxes
-€1,251
Result 2025
€14,545
raises the resultlowers the result
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.
From operations
+€49,579
Investment
€0
Financing
-€44,563
Cash 2024
€19,302
From operations (derived)
+€49,579
Net result for the year
+€14,545
Depreciation
+€29,028
Receivables after one year
+€2,020
Receivables within one year
-€2,119
Trade debts
-€864
Tax, wage and social debts
+€1,203
Other debts
+€548
Accrued charges and deferred income
+€5,218
Financing
-€44,563
Debts after one year
-€45,723
Current portion of long-term debt
+€1,160
Cash 2025
€24,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,986 | €545,073 | -€23,913 | -4.2% |
| Formation expenses | 20 | €26,858 | €24,874 | -€1,984 | -7.4% |
| Fixed assets | 21/28 | €509,505 | €482,461 | -€27,044 | -5.3% |
| Intangible fixed assets | 21 | €7,567 | €4,819 | -€2,748 | -36.3% |
| Tangible fixed assets | 22/27 | €501,939 | €477,642 | -€24,296 | -4.8% |
| Land and buildings | 22 | €501,939 | €477,642 | -€24,296 | -4.8% |
| Current assets | 29/58 | €32,623 | €37,738 | +€5,115 | +15.7% |
| Amounts receivable after more than one year | 29 | €11,399 | €9,379 | -€2,020 | -17.7% |
| Other amounts receivable | 291 | €11,399 | €9,379 | -€2,020 | -17.7% |
| Amounts receivable within one year | 40/41 | €1,922 | €4,041 | +€2,119 | +110% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €1,922 | €2,541 | +€619 | +32.2% |
| Cash at bank and in hand | 54/58 | €19,302 | €24,318 | +€5,016 | +26.0% |
| Total equity and liabilities | 10/49 | €568,986 | €545,073 | -€23,913 | -4.2% |
| Equity | 10/15 | €10,940 | €25,484 | +€14,545 | +133% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,060 | -€24,516 | +€14,545 | +37.2% |
| Amounts payable | 17/49 | €558,047 | €519,589 | -€38,458 | -6.9% |
| Amounts payable after more than one year | 17 | €439,047 | €393,324 | -€45,723 | -10.4% |
| Financial debts | 170/4 | €439,047 | €393,324 | -€45,723 | -10.4% |
| Amounts payable within one year | 42/48 | €119,000 | €121,047 | +€2,047 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €44,563 | €45,723 | +€1,160 | +2.6% |
| Trade debts | 44 | €864 | €0 | -€864 | -100% |
| Suppliers | 440/4 | €864 | €0 | -€864 | -100% |
| Taxes, remuneration and social security | 45 | €251 | €1,454 | +€1,203 | +480% |
| Taxes | 450/3 | €251 | €1,454 | +€1,203 | +480% |
| Other amounts payable | 47/48 | €73,323 | €73,870 | +€548 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €5,218 | +€5,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,800 | €29,028 | -€772 | -2.6% |
| Other operating charges | 640/8 | €4,753 | €4,900 | +€147 | +3.1% |
| Gross operating margin | 9900 | €51,756 | €67,825 | +€16,069 | +31.0% |
| Operating profit (loss) | 9901 | €17,203 | €33,896 | +€16,693 | +97.0% |
| Financial income | 75/76B | €653 | €622 | -€30 | -4.7% |
| Recurring financial income | 75 | €653 | €622 | -€30 | -4.7% |
| Financial charges | 65/66B | €14,674 | €18,723 | +€4,049 | +27.6% |
| Recurring financial charges | 65 | €14,674 | €18,723 | +€4,049 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €3,182 | €15,796 | +€12,614 | +396% |
| Income taxes | 67/77 | - | €1,251 | +€1,251 | |
| Profit (loss) for the period | 9904 | €3,182 | €14,545 | +€11,363 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | €3,182 | €14,545 | +€11,363 | +357% |
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 28 October 2026 via checked.be.