IMMO LOUISE CONCORDE: 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 LOUISE CONCORDE
Largest movements
- Cash +€179,227
up €179,227 (+54.3%), from €329,917 to €509,143
mainly Accrued charges and deferred income (+€99,276) and Net result for the year (+€69,714)
- Receivables within one year +€91,251
up €91,251 (+4,880%), from €1,870 to €93,121
of which Other amounts receivable: +€90,000
- Tangible fixed assets -€60,395
down €60,395 (-11.9%), from €509,104 to €448,709
of which Plant, machinery and equipment: -€50,330
- Accrued charges and deferred income +€99,276
up €99,276 (+69.6%), from €142,654 to €241,931
- Profit (loss) carried forward +€69,714
up €69,714 (+7.1%), from €983,159 to €1.1m
- Financial charges -€43,308
down €43,308 (-30.3%), from €142,783 to €99,476
- Gross operating margin -€32,253
down €32,253 (-9.1%), from €354,483 to €322,229
- Write-downs +€19,122
new in 2025: €19,122
- Other operating charges +€7,946
up €7,946 (+21.5%), from €36,920 to €44,866
- Taxes -€4,980
down €4,980 (-16.1%), from €30,960 to €25,980
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 | €4,533,147 | €4,744,157 | +€211,011 | +4.7% |
| Fixed assets | 21/28 | €4,196,680 | €4,136,285 | -€60,395 | -1.4% |
| Tangible fixed assets | 22/27 | €509,104 | €448,709 | -€60,395 | -11.9% |
| Land and buildings | 22 | €134,884 | €128,993 | -€5,891 | -4.4% |
| Plant, machinery and equipment | 23 | €370,046 | €319,716 | -€50,330 | -13.6% |
| Assets under construction and advance payments | 27 | €4,175 | - | -€4,175 | |
| Financial fixed assets | 28 | €3,687,576 | €3,687,576 | = | 0.0% |
| Current assets | 29/58 | €336,467 | €607,873 | +€271,406 | +80.7% |
| Amounts receivable within one year | 40/41 | €1,870 | €93,121 | +€91,251 | +4,880% |
| Trade receivables | 40 | €1,870 | €3,121 | +€1,251 | +66.9% |
| Other amounts receivable | 41 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €329,917 | €509,143 | +€179,227 | +54.3% |
| Deferred charges and accrued income | 490/1 | €4,680 | €5,609 | +€929 | +19.8% |
| Total equity and liabilities | 10/49 | €4,533,147 | €4,744,157 | +€211,011 | +4.7% |
| Equity | 10/15 | €1,529,529 | €1,599,244 | +€69,714 | +4.6% |
| Contributions | 10/11 | €396,700 | €396,700 | = | 0.0% |
| Capital | 10 | €396,700 | €396,700 | = | 0.0% |
| Issued capital | 100 | €396,700 | €396,700 | = | 0.0% |
| Reserves | 13 | €149,670 | €149,670 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,670 | €39,670 | = | 0.0% |
| Legal reserve | 130 | €39,670 | €39,670 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €983,159 | €1,052,874 | +€69,714 | +7.1% |
| Amounts payable | 17/49 | €3,003,617 | €3,144,914 | +€141,296 | +4.7% |
| Amounts payable after more than one year | 17 | €535 | €585 | +€50 | +9.3% |
| Other amounts payable | 178/9 | €535 | €585 | +€50 | +9.3% |
| Amounts payable within one year | 42/48 | €2,860,428 | €2,902,398 | +€41,970 | +1.5% |
| Financial debts | 43 | €2,800,000 | €2,800,000 | = | 0.0% |
| Other loans | 439 | €2,800,000 | €2,800,000 | = | 0.0% |
| Trade debts | 44 | €29,129 | €76,255 | +€47,126 | +162% |
| Suppliers | 440/4 | €29,129 | €76,255 | +€47,126 | +162% |
| Taxes, remuneration and social security | 45 | €31,299 | €26,143 | -€5,156 | -16.5% |
| Taxes | 450/3 | €31,299 | €26,143 | -€5,156 | -16.5% |
| Accrued charges and deferred income | 492/3 | €142,654 | €241,931 | +€99,276 | +69.6% |
| Non-recurring operating income | 76A | €922 | - | -€922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,755 | €64,580 | +€1,826 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,122 | +€19,122 | |
| Other operating charges | 640/8 | €36,920 | €44,866 | +€7,946 | +21.5% |
| Gross operating margin | 9900 | €354,483 | €322,229 | -€32,253 | -9.1% |
| Operating profit (loss) | 9901 | €254,808 | €193,661 | -€61,147 | -24.0% |
| Financial income | 75/76B | €0 | €1,510 | +€1,509 | +15,094,900% |
| Recurring financial income | 75 | €0 | €1,510 | +€1,509 | +15,094,900% |
| Financial charges | 65/66B | €142,783 | €99,476 | -€43,308 | -30.3% |
| Recurring financial charges | 65 | €142,783 | €99,476 | -€43,308 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €112,025 | €95,695 | -€16,330 | -14.6% |
| Income taxes | 67/77 | €30,960 | €25,980 | -€4,980 | -16.1% |
| Profit (loss) for the period | 9904 | €81,065 | €69,714 | -€11,350 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,065 | €69,714 | -€11,350 | -14.0% |
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.