L.A.POLISIMMO: 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.
What changed
L.A.POLISIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€149,179
2024 · -€116,055-€33,123
Equity
-€1.2m
2024 · -€1.1m-€149,179
Cash
€1,138
2024 · €987+€151
Balance sheet total
€3.9m
2024 · €4.0m-€83,244
Largest movements
Assets
- Tangible fixed assets -€168,297
down €168,297 (-4.7%), from €3.5m to €3.4m
of which Land and buildings: -€164,742
- Receivables within one year +€100,637
up €100,637 (+26.4%), from €380,739 to €481,375
of which Trade receivables: +€106,385
Equity and liabilities
- Profit (loss) carried forward -€149,179
down €149,179 (-12.8%), from -€1.2m to -€1.3m
- Debts after one year +€45,611
up €45,611 (+1.2%), from €3.8m to €3.9m
of which Other amounts payable: +€297,947
Income statement
- Gross operating margin -€278,202
down €278,202 (-49.9%), from €557,173 to €278,971
- Financial charges -€60,512
down €60,512 (-38.0%), from €159,403 to €98,891
- Other operating charges -€48,386
down €48,386 (-35.4%), from €136,676 to €88,290
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.
Result 2024
-€116,055
Gross operating margin
-€278,202
Staff costs
-€486
Depreciation
-€76
Write-downs
-€1,175
Other operating charges
+€48,386
Other operating items
+€137,733
Financial income
+€17
Financial charges
+€60,512
Taxes
+€166
Result 2025
-€149,179
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.
From operations
-€1,446
Investment
-€55,501
Financing
+€57,098
Cash 2024
€987
From operations (derived)
-€1,446
Net result for the year
-€149,179
Depreciation
+€223,798
Stocks and contracts
+€1,210
Receivables within one year
-€100,637
Deferred charges and accrued income
+€14,526
Trade debts
+€3,340
Tax, wage and social debts
+€6,059
Smaller working-capital items
-€563
Investment (derived)
-€55,501
Investment in fixed assets (net)
-€55,501
Financing
+€57,098
Debts after one year
+€45,611
Short-term financial debts
+€11,487
Cash 2025
€1,138
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,957,355 | €3,874,111 | -€83,244 | -2.1% |
| Fixed assets | 21/28 | €3,544,555 | €3,376,258 | -€168,297 | -4.7% |
| Tangible fixed assets | 22/27 | €3,543,455 | €3,375,158 | -€168,297 | -4.7% |
| Land and buildings | 22 | €3,517,838 | €3,353,096 | -€164,742 | -4.7% |
| Plant, machinery and equipment | 23 | €1,658 | €786 | -€871 | -52.6% |
| Furniture and vehicles | 24 | €23,959 | €21,276 | -€2,683 | -11.2% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €412,800 | €497,852 | +€85,053 | +20.6% |
| Stocks and contracts in progress | 3 | €1,210 | - | -€1,210 | |
| Stocks | 30/36 | €1,210 | - | -€1,210 | |
| Amounts receivable within one year | 40/41 | €380,739 | €481,375 | +€100,637 | +26.4% |
| Trade receivables | 40 | €105,516 | €211,901 | +€106,385 | +100.8% |
| Other amounts receivable | 41 | €275,222 | €269,474 | -€5,748 | -2.1% |
| Cash at bank and in hand | 54/58 | €987 | €1,138 | +€151 | +15.3% |
| Deferred charges and accrued income | 490/1 | €29,865 | €15,339 | -€14,526 | -48.6% |
| Total equity and liabilities | 10/49 | €3,957,355 | €3,874,111 | -€83,244 | -2.1% |
| Equity | 10/15 | -€1,098,568 | -€1,247,747 | -€149,179 | -13.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,166,768 | -€1,315,947 | -€149,179 | -12.8% |
| Amounts payable | 17/49 | €5,055,923 | €5,121,858 | +€65,935 | +1.3% |
| Amounts payable after more than one year | 17 | €3,838,810 | €3,884,422 | +€45,611 | +1.2% |
| Financial debts | 170/4 | €1,871,452 | €1,619,116 | -€252,336 | -13.5% |
| Other amounts payable | 178/9 | €1,967,358 | €2,265,306 | +€297,947 | +15.1% |
| Amounts payable within one year | 42/48 | €1,212,485 | €1,233,041 | +€20,556 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €252,336 | €252,336 | = | 0.0% |
| Financial debts | 43 | €618,166 | €629,652 | +€11,487 | +1.9% |
| Credit institutions | 430/8 | €618,166 | €629,652 | +€11,487 | +1.9% |
| Trade debts | 44 | €336,888 | €340,228 | +€3,340 | +1.0% |
| Suppliers | 440/4 | €336,888 | €340,228 | +€3,340 | +1.0% |
| Taxes, remuneration and social security | 45 | €4,589 | €10,648 | +€6,059 | +132.0% |
| Taxes | 450/3 | €2,499 | €8,144 | +€5,645 | +225.9% |
| Remuneration and social security | 454/9 | €2,090 | €2,505 | +€415 | +19.8% |
| Other amounts payable | 47/48 | €506 | €176 | -€330 | -65.2% |
| Accrued charges and deferred income | 492/3 | €4,628 | €4,395 | -€233 | -5.0% |
| Non-recurring operating income | 76A | €404,978 | - | -€404,978 | |
| Remuneration, social security and pensions | 62 | €13,255 | €13,741 | +€486 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,722 | €223,798 | +€76 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,175 | +€1,175 | |
| Other operating charges | 640/8 | €136,676 | €88,290 | -€48,386 | -35.4% |
| Non-recurring operating charges | 66A | €139,128 | €1,395 | -€137,733 | -99.0% |
| Gross operating margin | 9900 | €557,173 | €278,971 | -€278,202 | -49.9% |
| Operating profit (loss) | 9901 | €44,392 | -€49,427 | -€93,819 | |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €159,403 | €98,891 | -€60,512 | -38.0% |
| Recurring financial charges | 65 | €159,403 | €98,891 | -€60,512 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€115,011 | -€148,301 | -€33,290 | -28.9% |
| Income taxes | 67/77 | €1,044 | €878 | -€166 | -15.9% |
| Profit (loss) for the period | 9904 | -€116,055 | -€149,179 | -€33,123 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,055 | -€149,179 | -€33,123 | -28.5% |
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.