IMMO LORGE: 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 LORGE
Largest movements
- Tangible fixed assets -€135,077
down €135,077 (-9.6%), from €1.4m to €1.3m
of which Land and buildings: -€158,174
- Cash -€20,663
down €20,663 (-21.4%), from €96,762 to €76,099
mainly Other debts (-€173,088) and Debts after one year (-€103,492)
- Other debts -€173,088
down €173,088 (-36.4%), from €475,400 to €302,312
- Debts after one year -€103,492
down €103,492 (-20.8%), from €496,420 to €392,928
- Profit (loss) carried forward +€79,186
up €79,186 (+164.0%), from €48,282 to €127,468
- Reserves +€78,210
up €78,210 (+39.3%), from €199,000 to €277,210
of which Distributable reserves: +€60,000
- Accrued charges and deferred income -€50,928
no longer reported in 2025 (was €50,928)
- Turnover -€248,348
no longer reported in 2025 (was €248,348)
- Purchases and services -€41,967
no longer reported in 2025 (was €41,967)
- Other operating charges -€29,734
down €29,734 (-74.6%), from €39,863 to €10,129
- Depreciation +€28,895
up €28,895 (+48.7%), from €59,374 to €88,269
- Gross operating margin +€24,890
up €24,890 (+12.1%), from €206,381 to €231,271
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 | €1,519,580 | €1,355,787 | -€163,793 | -10.8% |
| Fixed assets | 21/28 | €1,403,856 | €1,268,779 | -€135,077 | -9.6% |
| Tangible fixed assets | 22/27 | €1,403,856 | €1,268,779 | -€135,077 | -9.6% |
| Land and buildings | 22 | €1,379,013 | €1,220,839 | -€158,174 | -11.5% |
| Plant, machinery and equipment | 23 | €15,603 | €12,660 | -€2,943 | -18.9% |
| Furniture and vehicles | 24 | €9,240 | €10,276 | +€1,036 | +11.2% |
| Other tangible fixed assets | 26 | - | €25,004 | +€25,004 | |
| Current assets | 29/58 | €115,724 | €87,008 | -€28,716 | -24.8% |
| Amounts receivable within one year | 40/41 | €17,775 | €10,802 | -€6,973 | -39.2% |
| Trade receivables | 40 | - | €908 | +€908 | |
| Other amounts receivable | 41 | €17,775 | €9,894 | -€7,881 | -44.3% |
| Cash at bank and in hand | 54/58 | €96,762 | €76,099 | -€20,663 | -21.4% |
| Deferred charges and accrued income | 490/1 | €1,187 | €107 | -€1,080 | -91.0% |
| Total equity and liabilities | 10/49 | €1,519,580 | €1,355,787 | -€163,793 | -10.8% |
| Equity | 10/15 | €320,922 | €496,918 | +€175,996 | +54.8% |
| Contributions | 10/11 | €73,640 | €92,240 | +€18,600 | +25.3% |
| Reserves | 13 | €199,000 | €277,210 | +€78,210 | +39.3% |
| Tax-exempt reserves | 132 | - | €18,210 | +€18,210 | |
| Distributable reserves | 133 | €199,000 | €259,000 | +€60,000 | +30.2% |
| Profit (loss) carried forward | 14 | €48,282 | €127,468 | +€79,186 | +164.0% |
| Provisions and deferred taxes | 16 | €110,410 | €108,667 | -€1,743 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €110,410 | €108,667 | -€1,743 | -1.6% |
| Other liabilities and charges | 164/5 | €110,410 | €108,667 | -€1,743 | -1.6% |
| Amounts payable | 17/49 | €1,088,248 | €750,202 | -€338,046 | -31.1% |
| Amounts payable after more than one year | 17 | €496,420 | €392,928 | -€103,492 | -20.8% |
| Financial debts | 170/4 | €496,420 | €392,928 | -€103,492 | -20.8% |
| Amounts payable within one year | 42/48 | €540,900 | €357,274 | -€183,626 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €53,429 | €47,235 | -€6,194 | -11.6% |
| Trade debts | 44 | €1,207 | €1,727 | +€520 | +43.1% |
| Suppliers | 440/4 | €1,207 | €1,727 | +€520 | +43.1% |
| Taxes, remuneration and social security | 45 | €10,864 | €6,000 | -€4,864 | -44.8% |
| Taxes | 450/3 | €10,864 | €6,000 | -€4,864 | -44.8% |
| Other amounts payable | 47/48 | €475,400 | €302,312 | -€173,088 | -36.4% |
| Accrued charges and deferred income | 492/3 | €50,928 | - | -€50,928 | |
| Turnover | 70 | €248,348 | - | -€248,348 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,967 | - | -€41,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,374 | €88,269 | +€28,895 | +48.7% |
| Other operating charges | 640/8 | €39,863 | €10,129 | -€29,734 | -74.6% |
| Gross operating margin | 9900 | €206,381 | €231,271 | +€24,890 | +12.1% |
| Operating profit (loss) | 9901 | €107,144 | €132,873 | +€25,729 | +24.0% |
| Financial income | 75/76B | €33 | €24,279 | +€24,246 | +73472.7% |
| Recurring financial income | 75 | €33 | €24,279 | +€24,246 | +73472.7% |
| Non-recurring financial income | 76B | - | €24,279 | +€24,279 | |
| Financial charges | 65/66B | €17,477 | €16,751 | -€726 | -4.2% |
| Recurring financial charges | 65 | €17,477 | €16,751 | -€726 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €89,700 | €140,401 | +€50,701 | +56.5% |
| Transfer to deferred taxes | 680 | - | €6,070 | +€6,070 | |
| Income taxes | 67/77 | €32,225 | €35,721 | +€3,496 | +10.8% |
| Profit (loss) for the period | 9904 | €57,475 | €98,610 | +€41,135 | +71.6% |
| Transfer to tax-exempt reserves | 689 | - | €18,210 | +€18,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,475 | €80,400 | +€22,925 | +39.9% |
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 7 October 2026 via checked.be.