L&F IMMO: 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.
L&F IMMO
Largest movements
- Cash +€19,627
up €19,627 (+1,357%), from €1,447 to €21,074
mainly Net result for the year (+€16,361) and Depreciation (+€16,083)
- Tangible fixed assets -€16,083
down €16,083 (-4.1%), from €391,250 to €375,167
- Reserves +€16,361
up €16,361 (+19.2%), from €85,347 to €101,708
- Debts after one year -€12,823
down €12,823 (-28.9%), from €44,397 to €31,574
- Gross operating margin -€602
down €602 (-1.3%), from €44,936 to €44,334
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.
Derived cash bridge
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 | €392,785 | €396,240 | +€3,455 | +0.9% |
| Fixed assets | 21/28 | €391,250 | €375,167 | -€16,083 | -4.1% |
| Tangible fixed assets | 22/27 | €391,250 | €375,167 | -€16,083 | -4.1% |
| Land and buildings | 22 | €391,250 | €375,167 | -€16,083 | -4.1% |
| Current assets | 29/58 | €1,535 | €21,074 | +€19,538 | +1,273% |
| Amounts receivable within one year | 40/41 | €89 | - | -€89 | |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €1,447 | €21,074 | +€19,627 | +1,357% |
| Total equity and liabilities | 10/49 | €392,785 | €396,240 | +€3,455 | +0.9% |
| Equity | 10/15 | €335,347 | €351,708 | +€16,361 | +4.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €85,347 | €101,708 | +€16,361 | +19.2% |
| Distributable reserves | 133 | €85,347 | €101,708 | +€16,361 | +19.2% |
| Amounts payable | 17/49 | €57,438 | €44,532 | -€12,906 | -22.5% |
| Amounts payable after more than one year | 17 | €44,397 | €31,574 | -€12,823 | -28.9% |
| Financial debts | 170/4 | €44,397 | €31,574 | -€12,823 | -28.9% |
| Amounts payable within one year | 42/48 | €13,042 | €12,958 | -€83 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,605 | €12,823 | +€218 | +1.7% |
| Taxes, remuneration and social security | 45 | €437 | €135 | -€302 | -69.0% |
| Taxes | 450/3 | €437 | €135 | -€302 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,083 | €16,083 | = | 0.0% |
| Other operating charges | 640/8 | €2,568 | €2,647 | +€79 | +3.1% |
| Gross operating margin | 9900 | €44,936 | €44,334 | -€602 | -1.3% |
| Operating profit (loss) | 9901 | €26,285 | €25,604 | -€681 | -2.6% |
| Financial charges | 65/66B | €1,341 | €1,608 | +€267 | +19.9% |
| Recurring financial charges | 65 | €1,341 | €1,608 | +€267 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €24,944 | €23,996 | -€948 | -3.8% |
| Income taxes | 67/77 | €7,937 | €7,635 | -€302 | -3.8% |
| Profit (loss) for the period | 9904 | €17,007 | €16,361 | -€646 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,007 | €16,361 | -€646 | -3.8% |
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 27 October 2026 via checked.be.