IMMO LV: 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 LV
Largest movements
- Tangible fixed assets +€274,782
up €274,782 (+81.1%), from €338,781 to €613,563
of which Land and buildings: +€275,282
- Cash +€29,647
up €29,647 (+2,294%), from €1,292 to €30,940
mainly Contributions, distributions and other (+€327,606) and Depreciation (+€15,893)
- Revaluation surpluses +€327,606
new in 2025: €327,606
- Debts after one year -€30,934
down €30,934 (-11.8%), from €261,222 to €230,289
- Profit (loss) carried forward -€15,299
down €15,299, from €14,428 to -€871
- Other debts +€15,080
up €15,080 (+58.1%), from €25,941 to €41,020
- Purchases and services +€30,082
new in 2025: €30,082
- Gross operating margin -€15,096
down €15,096 (-45.3%), from €33,303 to €18,207
- Other operating charges +€4,086
up €4,086 (+118%), from €3,454 to €7,540
- Depreciation -€1,459
down €1,459 (-8.4%), from €17,352 to €15,893
- Financial charges -€759
down €759 (-7.0%), from €10,833 to €10,074
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 | €351,917 | €653,278 | +€301,361 | +85.6% |
| Fixed assets | 21/28 | €338,781 | €613,563 | +€274,782 | +81.1% |
| Tangible fixed assets | 22/27 | €338,781 | €613,563 | +€274,782 | +81.1% |
| Land and buildings | 22 | €336,781 | €612,063 | +€275,282 | +81.7% |
| Furniture and vehicles | 24 | €2,000 | €1,500 | -€500 | -25.0% |
| Current assets | 29/58 | €13,137 | €39,715 | +€26,578 | +202% |
| Amounts receivable within one year | 40/41 | €11,844 | €8,775 | -€3,069 | -25.9% |
| Trade receivables | 40 | €3,875 | €3,875 | = | 0.0% |
| Other amounts receivable | 41 | €7,969 | €4,900 | -€3,069 | -38.5% |
| Cash at bank and in hand | 54/58 | €1,292 | €30,940 | +€29,647 | +2,294% |
| Total equity and liabilities | 10/49 | €351,917 | €653,278 | +€301,361 | +85.6% |
| Equity | 10/15 | €34,888 | €347,195 | +€312,307 | +895% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €327,606 | +€327,606 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,428 | -€871 | -€15,299 | |
| Amounts payable | 17/49 | €317,029 | €306,083 | -€10,946 | -3.5% |
| Amounts payable after more than one year | 17 | €261,222 | €230,289 | -€30,934 | -11.8% |
| Financial debts | 170/4 | €261,222 | €230,289 | -€30,934 | -11.8% |
| Amounts payable within one year | 42/48 | €55,807 | €75,794 | +€19,988 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €29,866 | €30,934 | +€1,068 | +3.6% |
| Trade debts | 44 | - | €3,840 | +€3,840 | |
| Suppliers | 440/4 | - | €3,840 | +€3,840 | |
| Other amounts payable | 47/48 | €25,941 | €41,020 | +€15,080 | +58.1% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €30,082 | +€30,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,352 | €15,893 | -€1,459 | -8.4% |
| Other operating charges | 640/8 | €3,454 | €7,540 | +€4,086 | +118% |
| Gross operating margin | 9900 | €33,303 | €18,207 | -€15,096 | -45.3% |
| Operating profit (loss) | 9901 | €12,497 | -€5,225 | -€17,722 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,833 | €10,074 | -€759 | -7.0% |
| Recurring financial charges | 65 | €10,833 | €10,074 | -€759 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,664 | -€15,299 | -€16,963 | |
| Profit (loss) for the period | 9904 | €1,664 | -€15,299 | -€16,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,664 | -€15,299 | -€16,963 |
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 14 October 2026 via checked.be.