IMMO LOHAN: 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 LOHAN
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€99,096
2024 · €150,390-€51,294
Equity
€2.7m
2024 · €2.6m+€97,849
Cash
€1.7m
2024 · €1.6m+€105,123
Balance sheet total
€3.0m
2024 · €2.9m+€72,899
Largest movements
Assets
- Cash +€105,123
up €105,123 (+6.5%), from €1.6m to €1.7m
mainly Depreciation (+€106,010) and Net result for the year (+€99,096)
- Tangible fixed assets -€67,118
down €67,118 (-5.2%), from €1.3m to €1.2m
of which Land and buildings: -€68,490
- Receivables within one year +€35,704
up €35,704 (+313%), from €11,399 to €47,103
Equity and liabilities
- Reserves +€99,096
up €99,096 (+4.7%), from €2.1m to €2.2m
of which Distributable reserves: +€119,705
Income statement
- Gross operating margin -€70,681
down €70,681 (-19.2%), from €368,229 to €297,549
- Taxes -€30,321
down €30,321 (-34.9%), from €86,910 to €56,588
- Financial income -€11,145
down €11,145 (-25.1%), from €44,485 to €33,339
- Financial charges -€10,586
down €10,586 (-58.8%), from €18,006 to €7,421
- Other operating charges +€4,528
up €4,528 (+10.2%), from €44,453 to €48,981
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
€150,390
Gross operating margin
-€70,681
Staff costs
-€468
Depreciation
-€3,411
Other operating charges
-€4,528
Other operating items
-€64
Financial income
-€11,145
Financial charges
+€10,586
Taxes
+€30,321
Deferred taxes and other
-€1,903
Result 2025
€99,096
raises the resultlowers the resultnot broken down further in the accounts
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
+€141,566
Investment
-€38,892
Financing
+€2,449
Cash 2024
€1.6m
From operations (derived)
+€141,566
Net result for the year
+€99,096
Depreciation
+€106,010
Receivables within one year
-€35,704
Deferred charges and accrued income
+€811
Provisions
-€6,870
Trade debts
-€2,730
Tax, wage and social debts
-€2,057
Other debts
-€17,323
Accrued charges and deferred income
+€334
Investment (derived)
-€38,892
Investment in fixed assets (net)
-€38,892
Financing
+€2,449
Debts after one year
+€3,697
Contributions, distributions and other
-€1,248
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,912,006 | €2,984,905 | +€72,899 | +2.5% |
| Fixed assets | 21/28 | €1,281,234 | €1,214,117 | -€67,118 | -5.2% |
| Tangible fixed assets | 22/27 | €1,281,054 | €1,213,937 | -€67,118 | -5.2% |
| Land and buildings | 22 | €1,278,475 | €1,209,985 | -€68,490 | -5.4% |
| Plant, machinery and equipment | 23 | - | €1,880 | +€1,880 | |
| Furniture and vehicles | 24 | €2,579 | €2,072 | -€507 | -19.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,630,772 | €1,770,788 | +€140,017 | +8.6% |
| Amounts receivable within one year | 40/41 | €11,399 | €47,103 | +€35,704 | +313% |
| Other amounts receivable | 41 | €11,399 | €47,103 | +€35,704 | +313% |
| Cash at bank and in hand | 54/58 | €1,616,572 | €1,721,696 | +€105,123 | +6.5% |
| Deferred charges and accrued income | 490/1 | €2,801 | €1,990 | -€811 | -28.9% |
| Total equity and liabilities | 10/49 | €2,912,006 | €2,984,905 | +€72,899 | +2.5% |
| Equity | 10/15 | €2,630,167 | €2,728,015 | +€97,849 | +3.7% |
| Contributions | 10/11 | €505,730 | €505,730 | = | 0.0% |
| Capital | 10 | €505,730 | €505,730 | = | 0.0% |
| Issued capital | 100 | €505,730 | €505,730 | = | 0.0% |
| Revaluation surpluses | 12 | €3,431 | €2,184 | -€1,248 | -36.4% |
| Reserves | 13 | €2,121,006 | €2,220,102 | +€99,096 | +4.7% |
| Non-distributable reserves | 130/1 | €50,573 | €50,573 | = | 0.0% |
| Legal reserve | 130 | €50,573 | €50,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €306,899 | €286,290 | -€20,609 | -6.7% |
| Distributable reserves | 133 | €1,763,533 | €1,883,238 | +€119,705 | +6.8% |
| Provisions and deferred taxes | 16 | €102,300 | €95,430 | -€6,870 | -6.7% |
| Deferred taxes | 168 | €102,300 | €95,430 | -€6,870 | -6.7% |
| Amounts payable | 17/49 | €179,539 | €161,460 | -€18,080 | -10.1% |
| Amounts payable after more than one year | 17 | €3,939 | €7,636 | +€3,697 | +93.9% |
| Other amounts payable | 178/9 | €3,939 | €7,636 | +€3,697 | +93.9% |
| Amounts payable within one year | 42/48 | €166,572 | €144,462 | -€22,110 | -13.3% |
| Trade debts | 44 | €26,163 | €23,433 | -€2,730 | -10.4% |
| Suppliers | 440/4 | €26,163 | €23,433 | -€2,730 | -10.4% |
| Taxes, remuneration and social security | 45 | €45,474 | €43,417 | -€2,057 | -4.5% |
| Taxes | 450/3 | €41,869 | €39,671 | -€2,198 | -5.3% |
| Remuneration and social security | 454/9 | €3,605 | €3,746 | +€141 | +3.9% |
| Other amounts payable | 47/48 | €94,935 | €77,612 | -€17,323 | -18.2% |
| Accrued charges and deferred income | 492/3 | €9,029 | €9,362 | +€334 | +3.7% |
| Non-recurring operating income | 76A | €4 | €1 | -€3 | -72.9% |
| Remuneration, social security and pensions | 62 | €19,129 | €19,597 | +€468 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,599 | €106,010 | +€3,411 | +3.3% |
| Other operating charges | 640/8 | €44,453 | €48,981 | +€4,528 | +10.2% |
| Non-recurring operating charges | 66A | €0 | €64 | +€64 | +321,450% |
| Gross operating margin | 9900 | €368,229 | €297,549 | -€70,681 | -19.2% |
| Operating profit (loss) | 9901 | €202,048 | €122,896 | -€79,152 | -39.2% |
| Financial income | 75/76B | €44,485 | €33,339 | -€11,145 | -25.1% |
| Recurring financial income | 75 | €44,485 | €33,339 | -€11,145 | -25.1% |
| Financial charges | 65/66B | €18,006 | €7,421 | -€10,586 | -58.8% |
| Recurring financial charges | 65 | €18,006 | €7,421 | -€10,586 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €228,526 | €148,815 | -€79,712 | -34.9% |
| Transfer from deferred taxes | 780 | €8,773 | €6,870 | -€1,903 | -21.7% |
| Income taxes | 67/77 | €86,910 | €56,588 | -€30,321 | -34.9% |
| Profit (loss) for the period | 9904 | €150,390 | €99,096 | -€51,294 | -34.1% |
| Transfer from tax-exempt reserves | 789 | €26,319 | €20,609 | -€5,710 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €176,709 | €119,705 | -€57,004 | -32.3% |
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 14 October 2026 via checked.be.