IMMO-LIPA: 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-LIPA
Largest movements
- Receivables within one year -€51,629
down €51,629 (-99.0%), from €52,173 to €544
of which Trade receivables: -€42,000
- Tangible fixed assets -€26,688
down €26,688 (-4.6%), from €579,110 to €552,423
- Cash +€14,555
up €14,555 (+321.7%), from €4,524 to €19,080
mainly Receivables within one year (+€51,629) and Net result for the year (+€27,130)
- Debts after one year -€48,696
down €48,696 (-14.5%), from €335,385 to €286,690
- Other debts -€40,905
down €40,905 (-42.0%), from €97,324 to €56,420
- Profit (loss) carried forward +€27,130
up €27,130 (+61.4%), from €44,202 to €71,332
- Gross operating margin -€15,274
down €15,274 (-16.4%), from €92,908 to €77,633
- Other operating charges -€5,137
down €5,137 (-44.1%), from €11,636 to €6,499
- Taxes +€2,611
up €2,611 (+37.6%), from €6,950 to €9,561
- Financial charges -€1,377
down €1,377 (-15.1%), from €9,132 to €7,755
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 | €639,889 | €575,503 | -€64,386 | -10.1% |
| Fixed assets | 21/28 | €579,110 | €552,423 | -€26,688 | -4.6% |
| Tangible fixed assets | 22/27 | €579,110 | €552,423 | -€26,688 | -4.6% |
| Land and buildings | 22 | €579,110 | €552,423 | -€26,688 | -4.6% |
| Current assets | 29/58 | €60,779 | €23,081 | -€37,698 | -62.0% |
| Amounts receivable within one year | 40/41 | €52,173 | €544 | -€51,629 | -99.0% |
| Trade receivables | 40 | €42,000 | - | -€42,000 | |
| Other amounts receivable | 41 | €10,173 | €544 | -€9,629 | -94.7% |
| Cash at bank and in hand | 54/58 | €4,524 | €19,080 | +€14,555 | +321.7% |
| Deferred charges and accrued income | 490/1 | €4,081 | €3,457 | -€624 | -15.3% |
| Total equity and liabilities | 10/49 | €639,889 | €575,503 | -€64,386 | -10.1% |
| Equity | 10/15 | €144,827 | €171,957 | +€27,130 | +18.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €81,875 | €81,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,202 | €71,332 | +€27,130 | +61.4% |
| Amounts payable | 17/49 | €495,062 | €403,547 | -€91,516 | -18.5% |
| Amounts payable after more than one year | 17 | €335,385 | €286,690 | -€48,696 | -14.5% |
| Financial debts | 170/4 | €335,385 | €286,690 | -€48,696 | -14.5% |
| Amounts payable within one year | 42/48 | €158,902 | €116,857 | -€42,045 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €55,023 | €56,255 | +€1,232 | +2.2% |
| Trade debts | 44 | €6,555 | €4,182 | -€2,373 | -36.2% |
| Suppliers | 440/4 | €6,555 | €4,182 | -€2,373 | -36.2% |
| Other amounts payable | 47/48 | €97,324 | €56,420 | -€40,905 | -42.0% |
| Accrued charges and deferred income | 492/3 | €775 | - | -€775 | |
| Non-recurring operating income | 76A | €9,980 | - | -€9,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,679 | €26,688 | +€8 | 0.0% |
| Other operating charges | 640/8 | €11,636 | €6,499 | -€5,137 | -44.1% |
| Non-recurring operating charges | 66A | €525 | - | -€525 | |
| Gross operating margin | 9900 | €92,908 | €77,633 | -€15,274 | -16.4% |
| Operating profit (loss) | 9901 | €54,067 | €44,446 | -€9,620 | -17.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,132 | €7,755 | -€1,377 | -15.1% |
| Recurring financial charges | 65 | €9,132 | €7,755 | -€1,377 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €44,934 | €36,691 | -€8,243 | -18.3% |
| Income taxes | 67/77 | €6,950 | €9,561 | +€2,611 | +37.6% |
| Profit (loss) for the period | 9904 | €37,984 | €27,130 | -€10,854 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,984 | €27,130 | -€10,854 | -28.6% |
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.