IMMO 'T LO: 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 'T LO
Largest movements
- Tangible fixed assets -€50,868
down €50,868 (-10.3%), from €493,812 to €442,944
of which Land and buildings: -€47,981
- Receivables within one year -€13,000
down €13,000 (-13.9%), from €93,360 to €80,360
- Debts after one year -€75,182
down €75,182 (-15.6%), from €480,905 to €405,723
- Reserves +€8,924
up €8,924 (+42.3%), from €21,089 to €30,013
of which Distributable reserves: +€8,924
- Depreciation -€2,094
down €2,094 (-4.0%), from €52,962 to €50,868
- Financial charges -€1,794
down €1,794 (-7.9%), from €22,653 to €20,858
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 | €587,854 | €525,275 | -€62,579 | -10.6% |
| Fixed assets | 21/28 | €493,812 | €442,944 | -€50,868 | -10.3% |
| Tangible fixed assets | 22/27 | €493,812 | €442,944 | -€50,868 | -10.3% |
| Land and buildings | 22 | €466,749 | €418,767 | -€47,981 | -10.3% |
| Furniture and vehicles | 24 | €27,064 | €24,177 | -€2,887 | -10.7% |
| Current assets | 29/58 | €94,041 | €82,331 | -€11,710 | -12.5% |
| Amounts receivable within one year | 40/41 | €93,360 | €80,360 | -€13,000 | -13.9% |
| Trade receivables | 40 | €93,360 | €80,360 | -€13,000 | -13.9% |
| Cash at bank and in hand | 54/58 | €480 | €1,711 | +€1,231 | +256.8% |
| Deferred charges and accrued income | 490/1 | €202 | €260 | +€59 | +29.0% |
| Total equity and liabilities | 10/49 | €587,854 | €525,275 | -€62,579 | -10.6% |
| Equity | 10/15 | €32,939 | €41,863 | +€8,924 | +27.1% |
| Contributions | 10/11 | €11,850 | €11,850 | = | 0.0% |
| Reserves | 13 | €21,089 | €30,013 | +€8,924 | +42.3% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €19,139 | €28,064 | +€8,924 | +46.6% |
| Amounts payable | 17/49 | €554,915 | €483,412 | -€71,503 | -12.9% |
| Amounts payable after more than one year | 17 | €480,905 | €405,723 | -€75,182 | -15.6% |
| Financial debts | 170/4 | €480,905 | €405,723 | -€75,182 | -15.6% |
| Amounts payable within one year | 42/48 | €74,010 | €77,690 | +€3,679 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €72,235 | €75,182 | +€2,948 | +4.1% |
| Taxes, remuneration and social security | 45 | - | €732 | +€732 | |
| Taxes | 450/3 | - | €732 | +€732 | |
| Other amounts payable | 47/48 | €1,775 | €1,775 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,962 | €50,868 | -€2,094 | -4.0% |
| Other operating charges | 640/8 | €3,431 | €4,227 | +€797 | +23.2% |
| Gross operating margin | 9900 | €85,661 | €85,610 | -€50 | -0.1% |
| Operating profit (loss) | 9901 | €29,268 | €30,514 | +€1,247 | +4.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €22,653 | €20,858 | -€1,794 | -7.9% |
| Recurring financial charges | 65 | €22,653 | €20,858 | -€1,794 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €6,617 | €9,656 | +€3,039 | +45.9% |
| Income taxes | 67/77 | - | €732 | +€732 | |
| Profit (loss) for the period | 9904 | €6,617 | €8,924 | +€2,307 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,617 | €8,924 | +€2,307 | +34.9% |
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 3 October 2026 via checked.be.