IMMO - LOC: 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 - LOC
Largest movements
- Cash -€77,563
down €77,563 (-93.8%), from €82,659 to €5,096
mainly Provisions (-€124,098) and Debts after one year (-€103,332)
- Reserves +€127,146
up €127,146 (+7.7%), from €1.6m to €1.8m
of which Distributable reserves: +€490,885
- Provisions -€124,098
no longer reported in 2025 (was €124,098)
- Debts after one year -€103,332
down €103,332 (-8.8%), from €1.2m to €1.1m
of which Financial debts: -€103,332
- Financial income -€255,437
no longer reported in 2025 (was €255,437)
- Taxes +€76,518
up €76,518 (+72.7%), from €105,290 to €181,808
- Gross operating margin +€52,438
up €52,438 (+28.7%), from €182,508 to €234,947
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 | €4,243,043 | €4,135,080 | -€107,963 | -2.5% |
| Fixed assets | 21/28 | €695,991 | €663,610 | -€32,382 | -4.7% |
| Tangible fixed assets | 22/27 | €695,991 | €663,610 | -€32,382 | -4.7% |
| Land and buildings | 22 | €695,991 | €663,610 | -€32,382 | -4.7% |
| Current assets | 29/58 | €3,547,052 | €3,471,471 | -€75,582 | -2.1% |
| Amounts receivable after more than one year | 29 | €3,436,601 | €3,429,101 | -€7,500 | -0.2% |
| Other amounts receivable | 291 | €3,436,601 | €3,429,101 | -€7,500 | -0.2% |
| Amounts receivable within one year | 40/41 | €27,787 | €37,274 | +€9,486 | +34.1% |
| Trade receivables | 40 | €27,787 | €37,274 | +€9,486 | +34.1% |
| Cash at bank and in hand | 54/58 | €82,659 | €5,096 | -€77,563 | -93.8% |
| Deferred charges and accrued income | 490/1 | €5 | - | -€5 | |
| Total equity and liabilities | 10/49 | €4,243,043 | €4,135,080 | -€107,963 | -2.5% |
| Equity | 10/15 | €2,644,791 | €2,771,937 | +€127,146 | +4.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,644,791 | €1,771,937 | +€127,146 | +7.7% |
| Non-distributable reserves | 130/1 | €91,446 | €100,000 | +€8,554 | +9.4% |
| Legal reserve | 130 | €91,446 | €100,000 | +€8,554 | +9.4% |
| Tax-exempt reserves | 132 | €372,293 | - | -€372,293 | |
| Distributable reserves | 133 | €1,181,052 | €1,671,937 | +€490,885 | +41.6% |
| Provisions and deferred taxes | 16 | €124,098 | - | -€124,098 | |
| Deferred taxes | 168 | €124,098 | - | -€124,098 | |
| Amounts payable | 17/49 | €1,474,154 | €1,363,143 | -€111,011 | -7.5% |
| Amounts payable after more than one year | 17 | €1,176,699 | €1,073,367 | -€103,332 | -8.8% |
| Financial debts | 170/4 | €1,153,894 | €1,050,562 | -€103,332 | -9.0% |
| Other amounts payable | 178/9 | €22,805 | €22,805 | = | 0.0% |
| Amounts payable within one year | 42/48 | €297,354 | €289,716 | -€7,638 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €103,332 | €103,332 | = | 0.0% |
| Trade debts | 44 | €8,472 | €3,341 | -€5,131 | -60.6% |
| Suppliers | 440/4 | €8,472 | €3,341 | -€5,131 | -60.6% |
| Advances received on contracts in progress | 46 | €3,869 | €1,235 | -€2,634 | -68.1% |
| Taxes, remuneration and social security | 45 | €181,681 | €181,808 | +€126 | +0.1% |
| Taxes | 450/3 | €181,681 | €181,808 | +€126 | +0.1% |
| Accrued charges and deferred income | 492/3 | €101 | €60 | -€41 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,382 | €32,382 | = | 0.0% |
| Other operating charges | 640/8 | €1,170 | €1,163 | -€7 | -0.6% |
| Gross operating margin | 9900 | €182,508 | €234,947 | +€52,438 | +28.7% |
| Operating profit (loss) | 9901 | €148,957 | €201,402 | +€52,445 | +35.2% |
| Financial income | 75/76B | €255,437 | - | -€255,437 | |
| Recurring financial income | 75 | €255,437 | - | -€255,437 | |
| Financial charges | 65/66B | €18,011 | €16,546 | -€1,464 | -8.1% |
| Recurring financial charges | 65 | €18,011 | €16,546 | -€1,464 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €386,384 | €184,856 | -€201,528 | -52.2% |
| Transfer from deferred taxes | 780 | - | €124,098 | +€124,098 | |
| Income taxes | 67/77 | €105,290 | €181,808 | +€76,518 | +72.7% |
| Profit (loss) for the period | 9904 | €281,094 | €127,146 | -€153,948 | -54.8% |
| Transfer from tax-exempt reserves | 789 | - | €372,293 | +€372,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €281,094 | €499,439 | +€218,345 | +77.7% |
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 4 October 2026 via checked.be.