Immo Monseur-Lepage: what changed
Immo Monseur-Lepage
Largest movements
- Tangible fixed assets +€346,223
up €346,223 (+335%), from €103,232 to €449,454
of which Assets under construction and advance payments: +€346,223
- Cash -€15,656
down €15,656 (-30.5%), from €51,286 to €35,630
mainly Investment in fixed assets (net) (-€346,223) and Net result for the year (-€8,351)
- Other debts +€346,880
up €346,880 (+213%), from €162,833 to €509,713
- Profit (loss) carried forward -€8,351
down €8,351 (-40.2%), from -€20,749 to -€29,100
- Other operating charges -€11,972
down €11,972 (-96.8%), from €12,372 to €400
- Depreciation -€1,156
no longer reported in 2025 (was €1,156)
- Financial charges +€877
up €877 (+14.3%), from €6,139 to €7,016
- Gross operating margin +€179
up €179 (+16.1%), from -€1,115 to -€935
- Financial income -€33
no longer reported in 2025 (was €33)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,391 | €490,613 | +€334,222 | +214% |
| Fixed assets | 21/28 | €103,232 | €449,454 | +€346,223 | +335% |
| Tangible fixed assets | 22/27 | €103,232 | €449,454 | +€346,223 | +335% |
| Land and buildings | 22 | €81,042 | €81,042 | = | 0.0% |
| Assets under construction and advance payments | 27 | €22,190 | €368,413 | +€346,223 | +1,560% |
| Current assets | 29/58 | €53,160 | €41,159 | -€12,001 | -22.6% |
| Amounts receivable within one year | 40/41 | €1,873 | €5,528 | +€3,655 | +195% |
| Other amounts receivable | 41 | €1,873 | €5,528 | +€3,655 | +195% |
| Cash at bank and in hand | 54/58 | €51,286 | €35,630 | -€15,656 | -30.5% |
| Total equity and liabilities | 10/49 | €156,391 | €490,613 | +€334,222 | +214% |
| Equity | 10/15 | -€10,749 | -€19,100 | -€8,351 | -77.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,749 | -€29,100 | -€8,351 | -40.2% |
| Amounts payable | 17/49 | €167,140 | €509,713 | +€342,572 | +205% |
| Amounts payable within one year | 42/48 | €167,140 | €509,713 | +€342,572 | +205% |
| Trade debts | 44 | €4,308 | - | -€4,308 | |
| Suppliers | 440/4 | €4,308 | - | -€4,308 | |
| Other amounts payable | 47/48 | €162,833 | €509,713 | +€346,880 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | - | -€1,156 | |
| Other operating charges | 640/8 | €12,372 | €400 | -€11,972 | -96.8% |
| Gross operating margin | 9900 | -€1,115 | -€935 | +€179 | +16.1% |
| Operating profit (loss) | 9901 | -€14,642 | -€1,335 | +€13,307 | +90.9% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €6,139 | €7,016 | +€877 | +14.3% |
| Recurring financial charges | 65 | €6,139 | €7,016 | +€877 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,749 | -€8,351 | +€12,398 | +59.8% |
| Profit (loss) for the period | 9904 | -€20,749 | -€8,351 | +€12,398 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,749 | -€8,351 | +€12,398 | +59.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.