IMMO-LOUAN: 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-LOUAN
Largest movements
- Tangible fixed assets -€32,708
down €32,708 (-6.4%), from €513,524 to €480,816
- Cash +€26,753
up €26,753 (+58.7%), from €45,608 to €72,361
mainly Depreciation (+€32,708) and Net result for the year (+€13,746)
- Debts after one year -€18,221
down €18,221 (-21.7%), from €83,872 to €65,651
- Profit (loss) carried forward +€13,746
up €13,746 (+8.3%), from -€166,424 to -€152,678
- Gross operating margin +€10,689
up €10,689 (+24.2%), from €44,153 to €54,842
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,816 | €554,924 | -€5,892 | -1.1% |
| Fixed assets | 21/28 | €513,524 | €480,816 | -€32,708 | -6.4% |
| Tangible fixed assets | 22/27 | €513,524 | €480,816 | -€32,708 | -6.4% |
| Land and buildings | 22 | €513,524 | €480,816 | -€32,708 | -6.4% |
| Current assets | 29/58 | €47,292 | €74,108 | +€26,816 | +56.7% |
| Cash at bank and in hand | 54/58 | €45,608 | €72,361 | +€26,753 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,684 | €1,747 | +€63 | +3.8% |
| Total equity and liabilities | 10/49 | €560,816 | €554,924 | -€5,892 | -1.1% |
| Equity | 10/15 | €421,576 | €435,322 | +€13,746 | +3.3% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Capital | 10 | €570,000 | €570,000 | = | 0.0% |
| Issued capital | 100 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,424 | -€152,678 | +€13,746 | +8.3% |
| Amounts payable | 17/49 | €139,240 | €119,602 | -€19,639 | -14.1% |
| Amounts payable after more than one year | 17 | €83,872 | €65,651 | -€18,221 | -21.7% |
| Financial debts | 170/4 | €83,872 | €65,651 | -€18,221 | -21.7% |
| Amounts payable within one year | 42/48 | €54,669 | €53,251 | -€1,418 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €17,988 | €18,221 | +€233 | +1.3% |
| Trade debts | 44 | €1,681 | €30 | -€1,651 | -98.2% |
| Suppliers | 440/4 | €1,681 | €30 | -€1,651 | -98.2% |
| Other amounts payable | 47/48 | €35,000 | €35,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,667 | €32,708 | +€40 | +0.1% |
| Other operating charges | 640/8 | €6,211 | €6,404 | +€193 | +3.1% |
| Gross operating margin | 9900 | €44,153 | €54,842 | +€10,689 | +24.2% |
| Operating profit (loss) | 9901 | €5,274 | €15,730 | +€10,456 | +198% |
| Financial charges | 65/66B | €2,244 | €1,984 | -€260 | -11.6% |
| Recurring financial charges | 65 | €2,244 | €1,984 | -€260 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €3,031 | €13,746 | +€10,716 | +354% |
| Profit (loss) for the period | 9904 | €3,031 | €13,746 | +€10,716 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €3,031 | €13,746 | +€10,716 | +354% |
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 24 October 2026 via checked.be.