IMMO-LUX: 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.
What changed
IMMO-LUX
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€699,678
2024 · €774,370-€74,692
Equity
€941,045
2024 · €241,367+€699,678
Cash
€229,779
2024 · €2,940+€226,839
Balance sheet total
€21.0m
2024 · €21.0m+€29,939
Largest movements
Assets
- Cash +€226,839
up €226,839 (+7,716%), from €2,940 to €229,779
mainly Net result for the year (+€699,678) and Depreciation (+€424,682)
Equity and liabilities
- Profit (loss) carried forward +€699,678
up €699,678 (+73.4%), from -€953,341 to -€253,663
- Debts after one year -€562,125
down €562,125 (-3.3%), from €17.1m to €16.5m
- Other debts -€279,400
down €279,400 (-10.0%), from €2.8m to €2.5m
Income statement
- Gross operating margin -€88,619
down €88,619 (-4.5%), from €2.0m to €1.9m
- Other operating charges -€73,085
down €73,085 (-47.5%), from €153,918 to €80,834
- Financial charges +€59,271
up €59,271 (+9.8%), from €605,281 to €664,552
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.
Result 2024
€774,370
Gross operating margin
-€88,619
Depreciation
-€2,098
Other operating charges
+€73,085
Financial income
+€2,816
Financial charges
-€59,271
Taxes
-€606
Result 2025
€699,678
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€237,800
Financing
-€558,956
Cash 2024
€2,940
From operations (derived)
+€1.0m
Net result for the year
+€699,678
Depreciation
+€424,682
Receivables within one year
+€10,140
Deferred charges and accrued income
-€121
Trade debts
+€40,000
Tax, wage and social debts
+€14,629
Other debts
-€279,400
Accrued charges and deferred income
+€113,987
Investment (derived)
-€237,800
Investment in fixed assets (net)
-€237,800
Financing
-€558,956
Debts after one year
-€562,125
Current portion of long-term debt
+€3,169
Cash 2025
€229,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,974,714 | €21,004,652 | +€29,939 | +0.1% |
| Fixed assets | 21/28 | €20,920,486 | €20,733,604 | -€186,882 | -0.9% |
| Tangible fixed assets | 22/27 | €18,420,486 | €18,233,604 | -€186,882 | -1.0% |
| Land and buildings | 22 | €18,420,486 | €18,233,604 | -€186,882 | -1.0% |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €54,227 | €271,048 | +€216,821 | +400% |
| Amounts receivable within one year | 40/41 | €35,200 | €25,060 | -€10,140 | -28.8% |
| Other amounts receivable | 41 | €35,200 | €25,060 | -€10,140 | -28.8% |
| Cash at bank and in hand | 54/58 | €2,940 | €229,779 | +€226,839 | +7,716% |
| Deferred charges and accrued income | 490/1 | €16,087 | €16,209 | +€121 | +0.8% |
| Total equity and liabilities | 10/49 | €20,974,714 | €21,004,652 | +€29,939 | +0.1% |
| Equity | 10/15 | €241,367 | €941,045 | +€699,678 | +290% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €1,024,707 | €1,024,707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,007,707 | €1,007,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€953,341 | -€253,663 | +€699,678 | +73.4% |
| Amounts payable | 17/49 | €20,733,347 | €20,063,608 | -€669,739 | -3.2% |
| Amounts payable after more than one year | 17 | €17,064,971 | €16,502,846 | -€562,125 | -3.3% |
| Financial debts | 170/4 | €17,064,971 | €16,502,846 | -€562,125 | -3.3% |
| Amounts payable within one year | 42/48 | €3,664,200 | €3,442,598 | -€221,602 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €859,444 | €862,613 | +€3,169 | +0.4% |
| Trade debts | 44 | - | €40,000 | +€40,000 | |
| Suppliers | 440/4 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €856 | €15,485 | +€14,629 | +1,709% |
| Taxes | 450/3 | €856 | €15,485 | +€14,629 | +1,709% |
| Other amounts payable | 47/48 | €2,803,900 | €2,524,500 | -€279,400 | -10.0% |
| Accrued charges and deferred income | 492/3 | €4,176 | €118,164 | +€113,987 | +2,729% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422,584 | €424,682 | +€2,098 | +0.5% |
| Other operating charges | 640/8 | €153,918 | €80,834 | -€73,085 | -47.5% |
| Gross operating margin | 9900 | €1,955,549 | €1,866,930 | -€88,619 | -4.5% |
| Operating profit (loss) | 9901 | €1,379,046 | €1,361,414 | -€17,632 | -1.3% |
| Financial income | 75/76B | - | €2,816 | +€2,816 | |
| Recurring financial income | 75 | - | €2,816 | +€2,816 | |
| Financial charges | 65/66B | €605,281 | €664,552 | +€59,271 | +9.8% |
| Recurring financial charges | 65 | €605,281 | €664,552 | +€59,271 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €773,765 | €699,678 | -€74,087 | -9.6% |
| Income taxes | 67/77 | -€606 | - | +€606 | |
| Profit (loss) for the period | 9904 | €774,370 | €699,678 | -€74,692 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €774,370 | €699,678 | -€74,692 | -9.6% |
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 15 October 2026 via checked.be.