Immo Vs Liège: 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 Vs Liège
Largest movements
- Tangible fixed assets -€132,534
down €132,534 (-72.6%), from €182,534 to €50,000
of which Land and buildings: -€182,534
- Cash +€22,573
up €22,573 (+1976.2%), from €1,142 to €23,715
mainly Investment in fixed assets (net) (+€132,534) and Other debts (+€51,090)
- Debts after one year -€127,481
down €127,481 (-100.0%), from €127,481 to €0
- Other debts +€51,090
up €51,090 (+77.0%), from €66,377 to €117,467
- Profit (loss) carried forward -€26,761
down €26,761 (-135.9%), from -€19,692 to -€46,453
- Current portion of long-term debt -€7,698
down €7,698 (-100.0%), from €7,698 to €0
- Depreciation -€9,404
down €9,404 (-94.9%), from €9,908 to €504
- Financial charges -€2,989
down €2,989 (-39.7%), from €7,528 to €4,539
- Gross operating margin -€1,823
down €1,823 (-1401.9%), from -€130 to -€1,953
- Other operating charges -€1,427
down €1,427 (-67.1%), from €2,128 to €701
- Financial income +€67
up €67 (+2319.0%), from €3 to €70
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 | €185,417 | €74,952 | -€110,465 | -59.6% |
| Formation expenses | 20 | €1,741 | €1,236 | -€504 | -29.0% |
| Fixed assets | 21/28 | €182,534 | €50,000 | -€132,534 | -72.6% |
| Tangible fixed assets | 22/27 | €182,534 | €50,000 | -€132,534 | -72.6% |
| Land and buildings | 22 | €182,534 | €0 | -€182,534 | -100.0% |
| Assets under construction and advance payments | 27 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €1,142 | €23,715 | +€22,573 | +1976.2% |
| Cash at bank and in hand | 54/58 | €1,142 | €23,715 | +€22,573 | +1976.2% |
| Total equity and liabilities | 10/49 | €185,417 | €74,952 | -€110,465 | -59.6% |
| Equity | 10/15 | -€16,692 | -€43,453 | -€26,761 | -160.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,692 | -€46,453 | -€26,761 | -135.9% |
| Amounts payable | 17/49 | €202,108 | €118,404 | -€83,704 | -41.4% |
| Amounts payable after more than one year | 17 | €127,481 | €0 | -€127,481 | -100.0% |
| Financial debts | 170/4 | €127,481 | €0 | -€127,481 | -100.0% |
| Amounts payable within one year | 42/48 | €74,627 | €118,404 | +€43,778 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €7,698 | €0 | -€7,698 | -100.0% |
| Trade debts | 44 | €552 | €937 | +€385 | +69.8% |
| Suppliers | 440/4 | €552 | €937 | +€385 | +69.8% |
| Other amounts payable | 47/48 | €66,377 | €117,467 | +€51,090 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,908 | €504 | -€9,404 | -94.9% |
| Other operating charges | 640/8 | €2,128 | €701 | -€1,427 | -67.1% |
| Non-recurring operating charges | 66A | - | €19,134 | +€19,134 | |
| Gross operating margin | 9900 | -€130 | -€1,953 | -€1,823 | -1401.9% |
| Operating profit (loss) | 9901 | -€12,167 | -€22,293 | -€10,126 | -83.2% |
| Financial income | 75/76B | €3 | €70 | +€67 | +2319.0% |
| Recurring financial income | 75 | €3 | €70 | +€67 | +2319.0% |
| Financial charges | 65/66B | €7,528 | €4,539 | -€2,989 | -39.7% |
| Recurring financial charges | 65 | €7,528 | €4,539 | -€2,989 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,692 | -€26,761 | -€7,070 | -35.9% |
| Profit (loss) for the period | 9904 | -€19,692 | -€26,761 | -€7,070 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,692 | -€26,761 | -€7,070 | -35.9% |
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 12 October 2026 via checked.be.