IMMO LR: 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 LR
Largest movements
- Tangible fixed assets -€17,792
down €17,792 (-19.0%), from €93,875 to €76,083
of which Land and buildings: -€17,650
- Receivables within one year +€10,138
new in 2025: €10,138
of which Trade receivables: +€10,000
- Cash -€7,185
down €7,185 (-60.8%), from €11,810 to €4,625
mainly Debts after one year (-€14,458) and Receivables within one year (-€10,138)
- Deferred charges and accrued income -€3,339
down €3,339 (-100.0%), from €3,339 to €0
- Debts after one year -€14,458
down €14,458 (-25.2%), from €57,395 to €42,938
- Tax, wage and social debts -€7,613
down €7,613 (-39.0%), from €19,515 to €11,902
of which Remuneration and social security: -€5,289
- Trade debts -€4,683
down €4,683 (-30.4%), from €15,394 to €10,711
- Other debts +€3,486
up €3,486 (+13.6%), from €25,686 to €29,171
- Current portion of long-term debt +€3,093
up €3,093 (+39.0%), from €7,930 to €11,024
- Gross operating margin +€28,858
up €28,858 (+36.3%), from €79,553 to €108,411
- Staff costs +€2,717
up €2,717 (+3.3%), from €82,795 to €85,512
- Financial charges -€2,281
down €2,281 (-75.9%), from €3,005 to €724
- Other operating charges +€1,498
up €1,498 (+333.5%), from €449 to €1,948
- Depreciation -€1,094
down €1,094 (-5.8%), from €18,886 to €17,792
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 | €109,023 | €90,846 | -€18,178 | -16.7% |
| Fixed assets | 21/28 | €93,875 | €76,083 | -€17,792 | -19.0% |
| Tangible fixed assets | 22/27 | €93,875 | €76,083 | -€17,792 | -19.0% |
| Land and buildings | 22 | €93,733 | €76,083 | -€17,650 | -18.8% |
| Plant, machinery and equipment | 23 | €34 | €0 | -€34 | -100.0% |
| Furniture and vehicles | 24 | €109 | €0 | -€109 | -100.0% |
| Current assets | 29/58 | €15,148 | €14,763 | -€385 | -2.5% |
| Amounts receivable within one year | 40/41 | - | €10,138 | +€10,138 | |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | - | €138 | +€138 | |
| Cash at bank and in hand | 54/58 | €11,810 | €4,625 | -€7,185 | -60.8% |
| Deferred charges and accrued income | 490/1 | €3,339 | €0 | -€3,339 | -100.0% |
| Total equity and liabilities | 10/49 | €109,023 | €90,846 | -€18,178 | -16.7% |
| Equity | 10/15 | -€16,897 | -€14,900 | +€1,997 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125 | €125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,622 | -€33,625 | +€1,997 | +5.6% |
| Amounts payable | 17/49 | €125,921 | €105,746 | -€20,175 | -16.0% |
| Amounts payable after more than one year | 17 | €57,395 | €42,938 | -€14,458 | -25.2% |
| Financial debts | 170/4 | €57,395 | €42,938 | -€14,458 | -25.2% |
| Amounts payable within one year | 42/48 | €68,525 | €62,809 | -€5,717 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,930 | €11,024 | +€3,093 | +39.0% |
| Trade debts | 44 | €15,394 | €10,711 | -€4,683 | -30.4% |
| Suppliers | 440/4 | €15,394 | €10,711 | -€4,683 | -30.4% |
| Taxes, remuneration and social security | 45 | €19,515 | €11,902 | -€7,613 | -39.0% |
| Taxes | 450/3 | €4,370 | €2,045 | -€2,324 | -53.2% |
| Remuneration and social security | 454/9 | €15,145 | €9,857 | -€5,289 | -34.9% |
| Other amounts payable | 47/48 | €25,686 | €29,171 | +€3,486 | +13.6% |
| Remuneration, social security and pensions | 62 | €82,795 | €85,512 | +€2,717 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,886 | €17,792 | -€1,094 | -5.8% |
| Other operating charges | 640/8 | €449 | €1,948 | +€1,498 | +333.5% |
| Gross operating margin | 9900 | €79,553 | €108,411 | +€28,858 | +36.3% |
| Operating profit (loss) | 9901 | -€22,577 | €3,159 | +€25,737 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,005 | €724 | -€2,281 | -75.9% |
| Recurring financial charges | 65 | €3,005 | €724 | -€2,281 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,582 | €2,435 | +€28,017 | |
| Income taxes | 67/77 | €293 | €438 | +€146 | +49.7% |
| Profit (loss) for the period | 9904 | -€25,875 | €1,997 | +€27,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,875 | €1,997 | +€27,872 |
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 8 October 2026 via checked.be.