IMMO LO-GI: 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 LO-GI
Largest movements
- Cash -€100,003
down €100,003 (-59.1%), from €169,104 to €69,101
mainly Other debts (-€92,354) and Contributions, distributions and other (-€23,505)
- Tangible fixed assets +€5,867
up €5,867 (+40.3%), from €14,560 to €20,427
of which Plant, machinery and equipment: +€5,867
- Other debts -€92,354
down €92,354 (-100.0%), from €92,354 to €0
- Reserves -€23,505
down €23,505 (-30.5%), from €77,113 to €53,608
of which Distributable reserves: -€23,505
- Profit (loss) carried forward +€10,227
up €10,227 (+99.2%), from -€10,310 to -€83
- Trade debts +€9,919
up €9,919, from €0 to €9,919
- Tax, wage and social debts +€4,400
up €4,400 (+993.3%), from €443 to €4,843
- Gross operating margin -€20,173
down €20,173 (-48.2%), from €41,819 to €21,646
- Taxes +€3,505
up €3,505 (+2352.4%), from €149 to €3,654
- Financial income +€595
up €595 (+151.2%), from €394 to €989
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 | €183,664 | €90,457 | -€93,207 | -50.7% |
| Fixed assets | 21/28 | €14,560 | €20,427 | +€5,867 | +40.3% |
| Tangible fixed assets | 22/27 | €14,560 | €20,427 | +€5,867 | +40.3% |
| Land and buildings | 22 | €12,000 | €12,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,560 | €8,427 | +€5,867 | +229.2% |
| Current assets | 29/58 | €169,104 | €70,030 | -€99,074 | -58.6% |
| Amounts receivable within one year | 40/41 | €0 | €929 | +€929 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €929 | +€929 | |
| Cash at bank and in hand | 54/58 | €169,104 | €69,101 | -€100,003 | -59.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €183,664 | €90,457 | -€93,207 | -50.7% |
| Equity | 10/15 | €85,352 | €72,074 | -€13,278 | -15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €77,113 | €53,608 | -€23,505 | -30.5% |
| Non-distributable reserves | 130/1 | €3,853 | €3,853 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,853 | €3,853 | = | 0.0% |
| Distributable reserves | 133 | €73,260 | €49,755 | -€23,505 | -32.1% |
| Profit (loss) carried forward | 14 | -€10,310 | -€83 | +€10,227 | +99.2% |
| Provisions and deferred taxes | 16 | €1,894 | €0 | -€1,894 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,894 | €0 | -€1,894 | -100.0% |
| Pensions and similar obligations | 160 | €1,894 | €0 | -€1,894 | -100.0% |
| Amounts payable | 17/49 | €96,417 | €18,383 | -€78,035 | -80.9% |
| Amounts payable within one year | 42/48 | €96,417 | €18,383 | -€78,035 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €3,620 | €3,620 | = | 0.0% |
| Trade debts | 44 | €0 | €9,919 | +€9,919 | |
| Suppliers | 440/4 | €0 | €9,919 | +€9,919 | |
| Taxes, remuneration and social security | 45 | €443 | €4,843 | +€4,400 | +993.3% |
| Taxes | 450/3 | €443 | €4,843 | +€4,400 | +993.3% |
| Other amounts payable | 47/48 | €92,354 | €0 | -€92,354 | -100.0% |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €940 | +€300 | +46.8% |
| Other operating charges | 640/8 | €7,170 | €7,061 | -€109 | -1.5% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €41,819 | €21,646 | -€20,173 | -48.2% |
| Operating profit (loss) | 9901 | €34,009 | €13,145 | -€20,864 | -61.3% |
| Financial income | 75/76B | €394 | €989 | +€595 | +151.2% |
| Recurring financial income | 75 | €394 | €989 | +€595 | +151.2% |
| Financial charges | 65/66B | €249 | €253 | +€4 | +1.7% |
| Recurring financial charges | 65 | €249 | €253 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €34,154 | €13,881 | -€20,273 | -59.4% |
| Income taxes | 67/77 | €149 | €3,654 | +€3,505 | +2352.4% |
| Profit (loss) for the period | 9904 | €34,005 | €10,227 | -€23,778 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,005 | €10,227 | -€23,778 | -69.9% |
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 10 October 2026 via checked.be.