immo louie: 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 louie
Largest movements
- Receivables within one year +€47,399
up €47,399 (+2,843%), from €1,667 to €49,066
of which Trade receivables: +€47,950
- Cash +€8,336
up €8,336 (+2.8%), from €294,837 to €303,173
mainly Net result for the year (+€188,973) and Tax, wage and social debts (+€16,773)
- Profit (loss) carried forward +€188,973
up €188,973 (+78.3%), from €241,471 to €430,444
- Other debts -€69,857
down €69,857 (-99.6%), from €70,141 to €283
- Debts after one year -€40,000
down €40,000 (-25.0%), from €160,000 to €120,000
- Current portion of long-term debt -€40,000
down €40,000 (-50.0%), from €80,000 to €40,000
- Tax, wage and social debts +€16,773
up €16,773 (+68.0%), from €24,648 to €41,421
- Gross operating margin +€138,167
up €138,167 (+116%), from €119,359 to €257,526
- Taxes +€33,965
up €33,965 (+108%), from €31,349 to €65,315
- Financial charges +€2,792
up €2,792 (+163%), from €1,718 to €4,509
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 | €581,464 | €637,226 | +€55,762 | +9.6% |
| Fixed assets | 21/28 | €284,358 | €284,319 | -€39 | 0.0% |
| Tangible fixed assets | 22/27 | €4,358 | €4,319 | -€39 | -0.9% |
| Plant, machinery and equipment | 23 | €2,835 | €2,054 | -€781 | -27.5% |
| Furniture and vehicles | 24 | €472 | €1,332 | +€860 | +182% |
| Other tangible fixed assets | 26 | €1,051 | €933 | -€118 | -11.2% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €297,106 | €352,907 | +€55,801 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,667 | €49,066 | +€47,399 | +2,843% |
| Trade receivables | 40 | €450 | €48,400 | +€47,950 | +10,656% |
| Other amounts receivable | 41 | €1,217 | €666 | -€551 | -45.3% |
| Cash at bank and in hand | 54/58 | €294,837 | €303,173 | +€8,336 | +2.8% |
| Deferred charges and accrued income | 490/1 | €601 | €668 | +€67 | +11.1% |
| Total equity and liabilities | 10/49 | €581,464 | €637,226 | +€55,762 | +9.6% |
| Equity | 10/15 | €246,471 | €435,444 | +€188,973 | +76.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,471 | €430,444 | +€188,973 | +78.3% |
| Amounts payable | 17/49 | €334,993 | €201,782 | -€133,210 | -39.8% |
| Amounts payable after more than one year | 17 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Financial debts | 170/4 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Amounts payable within one year | 42/48 | €174,993 | €81,782 | -€93,210 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Trade debts | 44 | €203 | €78 | -€126 | -61.8% |
| Suppliers | 440/4 | €203 | €78 | -€126 | -61.8% |
| Taxes, remuneration and social security | 45 | €24,648 | €41,421 | +€16,773 | +68.0% |
| Taxes | 450/3 | €24,648 | €41,421 | +€16,773 | +68.0% |
| Other amounts payable | 47/48 | €70,141 | €283 | -€69,857 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €1,414 | +€483 | +51.8% |
| Other operating charges | 640/8 | €352 | €584 | +€232 | +65.8% |
| Gross operating margin | 9900 | €119,359 | €257,526 | +€138,167 | +116% |
| Operating profit (loss) | 9901 | €118,076 | €255,528 | +€137,452 | +116% |
| Financial income | 75/76B | €5,221 | €3,268 | -€1,952 | -37.4% |
| Recurring financial income | 75 | €5,221 | €3,268 | -€1,952 | -37.4% |
| Financial charges | 65/66B | €1,718 | €4,509 | +€2,792 | +163% |
| Recurring financial charges | 65 | €1,718 | €4,509 | +€2,792 | +163% |
| Profit (loss) for the period before taxes | 9903 | €121,579 | €254,287 | +€132,708 | +109% |
| Income taxes | 67/77 | €31,349 | €65,315 | +€33,965 | +108% |
| Profit (loss) for the period | 9904 | €90,230 | €188,973 | +€98,743 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €90,230 | €188,973 | +€98,743 | +109% |
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 13 October 2026 via checked.be.