IMMO LOURDAUX: 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 LOURDAUX
Largest movements
- Tangible fixed assets +€86,002
up €86,002 (+16.2%), from €531,934 to €617,935
of which Land and buildings: +€88,664
- Cash -€24,301
down €24,301 (-41.2%), from €59,016 to €34,715
mainly Investment in fixed assets (net) (-€123,149) and Receivables within one year (-€12,985)
- Receivables within one year +€12,985
up €12,985 (+251%), from €5,171 to €18,156
- Debts after one year +€54,424
up €54,424 (+39.4%), from €138,230 to €192,654
- Trade debts +€12,637
up €12,637 (+3,152%), from €401 to €13,038
- Gross operating margin -€3,602
down €3,602 (-6.6%), from €54,587 to €50,985
- Depreciation +€1,448
up €1,448 (+4.1%), from €35,699 to €37,147
- Financial charges +€847
up €847 (+14.6%), from €5,807 to €6,654
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 | €596,121 | €670,807 | +€74,686 | +12.5% |
| Fixed assets | 21/28 | €531,934 | €617,935 | +€86,002 | +16.2% |
| Tangible fixed assets | 22/27 | €531,934 | €617,935 | +€86,002 | +16.2% |
| Land and buildings | 22 | €525,449 | €614,113 | +€88,664 | +16.9% |
| Plant, machinery and equipment | 23 | €6,484 | €3,822 | -€2,662 | -41.1% |
| Current assets | 29/58 | €64,187 | €52,871 | -€11,316 | -17.6% |
| Amounts receivable within one year | 40/41 | €5,171 | €18,156 | +€12,985 | +251% |
| Other amounts receivable | 41 | €5,171 | €18,156 | +€12,985 | +251% |
| Cash at bank and in hand | 54/58 | €59,016 | €34,715 | -€24,301 | -41.2% |
| Total equity and liabilities | 10/49 | €596,121 | €670,807 | +€74,686 | +12.5% |
| Equity | 10/15 | €388,243 | €390,148 | +€1,906 | +0.5% |
| Contributions | 10/11 | €395,000 | €395,000 | = | 0.0% |
| Reserves | 13 | €5,243 | €5,243 | = | 0.0% |
| Distributable reserves | 133 | €5,243 | €5,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,001 | -€10,095 | +€1,906 | +15.9% |
| Amounts payable | 17/49 | €207,878 | €280,658 | +€72,780 | +35.0% |
| Amounts payable after more than one year | 17 | €138,230 | €192,654 | +€54,424 | +39.4% |
| Financial debts | 170/4 | €138,230 | €192,654 | +€54,424 | +39.4% |
| Amounts payable within one year | 42/48 | €69,648 | €88,004 | +€18,357 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €29,380 | €35,099 | +€5,719 | +19.5% |
| Trade debts | 44 | €401 | €13,038 | +€12,637 | +3,152% |
| Suppliers | 440/4 | €401 | €13,038 | +€12,637 | +3,152% |
| Other amounts payable | 47/48 | €39,867 | €39,867 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,699 | €37,147 | +€1,448 | +4.1% |
| Other operating charges | 640/8 | €5,089 | €5,278 | +€189 | +3.7% |
| Gross operating margin | 9900 | €54,587 | €50,985 | -€3,602 | -6.6% |
| Operating profit (loss) | 9901 | €13,799 | €8,560 | -€5,239 | -38.0% |
| Financial charges | 65/66B | €5,807 | €6,654 | +€847 | +14.6% |
| Recurring financial charges | 65 | €5,807 | €6,654 | +€847 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €7,992 | €1,906 | -€6,086 | -76.2% |
| Profit (loss) for the period | 9904 | €7,992 | €1,906 | -€6,086 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,992 | €1,906 | -€6,086 | -76.2% |
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 25 October 2026 via checked.be.