IMMO-LVC: 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-LVC
Largest movements
- Cash +€19,861
up €19,861 (+13.8%), from €144,212 to €164,073
mainly Depreciation (+€10,000) and Net result for the year (+€8,619)
- Tangible fixed assets -€10,000
down €10,000 (-4.5%), from €222,395 to €212,395
- Profit (loss) carried forward +€8,619
up €8,619 (+20.4%), from -€42,288 to -€33,668
- Gross operating margin +€1,053
up €1,053 (+5.8%), from €18,209 to €19,262
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 | €369,672 | €376,875 | +€7,202 | +1.9% |
| Fixed assets | 21/28 | €222,395 | €212,395 | -€10,000 | -4.5% |
| Tangible fixed assets | 22/27 | €222,395 | €212,395 | -€10,000 | -4.5% |
| Land and buildings | 22 | €222,395 | €212,395 | -€10,000 | -4.5% |
| Current assets | 29/58 | €147,277 | €164,479 | +€17,202 | +11.7% |
| Amounts receivable within one year | 40/41 | €1,416 | €407 | -€1,009 | -71.3% |
| Trade receivables | 40 | €1,416 | €0 | -€1,416 | -100.0% |
| Other amounts receivable | 41 | - | €407 | +€407 | |
| Cash at bank and in hand | 54/58 | €144,212 | €164,073 | +€19,861 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,650 | €0 | -€1,650 | -100.0% |
| Total equity and liabilities | 10/49 | €369,672 | €376,875 | +€7,202 | +1.9% |
| Equity | 10/15 | €357,712 | €366,332 | +€8,619 | +2.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Contributions outside capital | 11 | €400,000 | - | -€400,000 | |
| Other | 1109/19 | €400,000 | - | -€400,000 | |
| Profit (loss) carried forward | 14 | -€42,288 | -€33,668 | +€8,619 | +20.4% |
| Amounts payable | 17/49 | €11,960 | €10,543 | -€1,417 | -11.8% |
| Amounts payable within one year | 42/48 | €11,573 | €10,543 | -€1,029 | -8.9% |
| Trade debts | 44 | €869 | €184 | -€686 | -78.9% |
| Suppliers | 440/4 | €869 | €184 | -€686 | -78.9% |
| Other amounts payable | 47/48 | €10,703 | €10,360 | -€344 | -3.2% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €18,209 | €19,262 | +€1,053 | +5.8% |
| Operating profit (loss) | 9901 | €7,681 | €8,718 | +€1,037 | +13.5% |
| Financial charges | 65/66B | €44 | €99 | +€55 | +127.4% |
| Recurring financial charges | 65 | €44 | €99 | +€55 | +127.4% |
| Profit (loss) for the period before taxes | 9903 | €7,637 | €8,619 | +€982 | +12.9% |
| Profit (loss) for the period | 9904 | €7,637 | €8,619 | +€982 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,637 | €8,619 | +€982 | +12.9% |
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 10 October 2026 via checked.be.