IMMO LOPHEM: 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 LOPHEM
Largest movements
- Cash +€308,504
up €308,504 (+1090.7%), from €28,285 to €336,789
mainly Advances received (+€290,966) and Depreciation (+€76,199)
- Intangible fixed assets -€35,000
down €35,000 (-19.0%), from €184,439 to €149,439
- Tangible fixed assets -€27,989
down €27,989 (-12.7%), from €220,976 to €192,987
of which Other tangible fixed assets: -€20,832
- Receivables within one year +€20,839
up €20,839 (+18.4%), from €113,253 to €134,092
of which Trade receivables: +€17,131
- Advances received +€290,966
up €290,966 (+1077.5%), from €27,005 to €317,971
- Debts after one year -€74,763
down €74,763 (-57.9%), from €129,088 to €54,326
- Tax, wage and social debts +€28,048
up €28,048 (+104.4%), from €26,854 to €54,902
of which Taxes: +€21,266
- Other debts +€16,077
up €16,077 (+8.9%), from €180,467 to €196,544
- Gross operating margin -€10,303
down €10,303 (-6.2%), from €166,181 to €155,879
- Staff costs +€1,749
up €1,749 (+2.6%), from €67,698 to €69,447
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 | €553,253 | €819,916 | +€266,663 | +48.2% |
| Formation expenses | 20 | €56 | €0 | -€56 | -100.0% |
| Fixed assets | 21/28 | €405,416 | €342,426 | -€62,989 | -15.5% |
| Intangible fixed assets | 21 | €184,439 | €149,439 | -€35,000 | -19.0% |
| Tangible fixed assets | 22/27 | €220,976 | €192,987 | -€27,989 | -12.7% |
| Plant, machinery and equipment | 23 | €483 | €2,877 | +€2,394 | +495.2% |
| Furniture and vehicles | 24 | €28,821 | €19,269 | -€9,552 | -33.1% |
| Other tangible fixed assets | 26 | €191,672 | €170,840 | -€20,832 | -10.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €147,781 | €477,490 | +€329,709 | +223.1% |
| Amounts receivable within one year | 40/41 | €113,253 | €134,092 | +€20,839 | +18.4% |
| Trade receivables | 40 | €106,753 | €123,883 | +€17,131 | +16.0% |
| Other amounts receivable | 41 | €6,500 | €10,209 | +€3,708 | +57.0% |
| Cash at bank and in hand | 54/58 | €28,285 | €336,789 | +€308,504 | +1090.7% |
| Deferred charges and accrued income | 490/1 | €6,243 | €6,609 | +€366 | +5.9% |
| Total equity and liabilities | 10/49 | €553,253 | €819,916 | +€266,663 | +48.2% |
| Equity | 10/15 | €115,144 | €116,287 | +€1,142 | +1.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €75,144 | €76,287 | +€1,142 | +1.5% |
| Distributable reserves | 133 | €75,144 | €76,287 | +€1,142 | +1.5% |
| Amounts payable | 17/49 | €438,108 | €703,629 | +€265,521 | +60.6% |
| Amounts payable after more than one year | 17 | €129,088 | €54,326 | -€74,763 | -57.9% |
| Financial debts | 170/4 | €129,088 | €54,326 | -€74,763 | -57.9% |
| Amounts payable within one year | 42/48 | €309,020 | €649,303 | +€340,283 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | €74,036 | €74,763 | +€726 | +1.0% |
| Trade debts | 44 | €658 | €5,124 | +€4,466 | +679.2% |
| Suppliers | 440/4 | €658 | €5,124 | +€4,466 | +679.2% |
| Advances received on contracts in progress | 46 | €27,005 | €317,971 | +€290,966 | +1077.5% |
| Taxes, remuneration and social security | 45 | €26,854 | €54,902 | +€28,048 | +104.4% |
| Taxes | 450/3 | €21,109 | €42,375 | +€21,266 | +100.7% |
| Remuneration and social security | 454/9 | €5,745 | €12,527 | +€6,782 | +118.0% |
| Other amounts payable | 47/48 | €180,467 | €196,544 | +€16,077 | +8.9% |
| Remuneration, social security and pensions | 62 | €67,698 | €69,447 | +€1,749 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,214 | €76,199 | -€1,016 | -1.3% |
| Other operating charges | 640/8 | €1,951 | €1,826 | -€125 | -6.4% |
| Non-recurring operating charges | 66A | €10,447 | €0 | -€10,447 | -100.0% |
| Gross operating margin | 9900 | €166,181 | €155,879 | -€10,303 | -6.2% |
| Operating profit (loss) | 9901 | €8,871 | €8,407 | -€463 | -5.2% |
| Financial income | 75/76B | €259 | €526 | +€267 | +103.3% |
| Recurring financial income | 75 | €259 | €526 | +€267 | +103.3% |
| Financial charges | 65/66B | €4,713 | €4,195 | -€518 | -11.0% |
| Recurring financial charges | 65 | €4,713 | €4,195 | -€518 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €4,416 | €4,738 | +€322 | +7.3% |
| Income taxes | 67/77 | €4,240 | €3,596 | -€644 | -15.2% |
| Profit (loss) for the period | 9904 | €176 | €1,142 | +€966 | +548.5% |
| Profit (loss) for the period to be appropriated | 9905 | €176 | €1,142 | +€966 | +548.5% |
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 6 October 2026 via checked.be.