L&L 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&L IMMO
Largest movements
- Cash -€19,673
down €19,673 (-87.1%), from €22,586 to €2,912
mainly Debts after one year (-€45,312) and Trade debts (-€29,787)
- Tangible fixed assets -€19,058
down €19,058 (-1.7%), from €1.2m to €1.1m
of which Land and buildings: -€15,101
- Debts after one year -€45,312
down €45,312 (-4.8%), from €939,939 to €894,627
- Trade debts -€29,787
down €29,787 (-47.4%), from €62,873 to €33,086
- Profit (loss) carried forward +€19,925
up €19,925 (+20.2%), from -€98,560 to -€78,634
- Other debts +€16,705
up €16,705 (+9.3%), from €179,478 to €196,183
- Write-downs -€99,411
no longer reported in 2025 (was €99,411)
- Gross operating margin +€79,309
up €79,309 (+121%), from €65,644 to €144,954
- Staff costs +€43,233
new in 2025: €43,233
- Financial charges +€12,854
up €12,854 (+37.9%), from €33,905 to €46,759
- Depreciation +€5,120
up €5,120 (+18.4%), from €27,876 to €32,996
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 | €1,177,565 | €1,145,688 | -€31,877 | -2.7% |
| Fixed assets | 21/28 | €1,154,155 | €1,135,097 | -€19,058 | -1.7% |
| Tangible fixed assets | 22/27 | €1,153,792 | €1,134,734 | -€19,058 | -1.7% |
| Land and buildings | 22 | €1,135,971 | €1,120,870 | -€15,101 | -1.3% |
| Plant, machinery and equipment | 23 | €3,057 | €2,700 | -€357 | -11.7% |
| Furniture and vehicles | 24 | €14,764 | €11,164 | -€3,600 | -24.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €23,411 | €10,592 | -€12,819 | -54.8% |
| Stocks and contracts in progress | 3 | €550 | €4,170 | +€3,620 | +658% |
| Stocks | 30/36 | €550 | €4,170 | +€3,620 | +658% |
| Amounts receivable within one year | 40/41 | €275 | €1,776 | +€1,501 | +546% |
| Trade receivables | 40 | €275 | €1,776 | +€1,501 | +546% |
| Cash at bank and in hand | 54/58 | €22,586 | €2,912 | -€19,673 | -87.1% |
| Deferred charges and accrued income | 490/1 | - | €1,734 | +€1,734 | |
| Total equity and liabilities | 10/49 | €1,177,565 | €1,145,688 | -€31,877 | -2.7% |
| Equity | 10/15 | -€48,560 | -€28,634 | +€19,925 | +41.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | -€98,560 | -€78,634 | +€19,925 | +20.2% |
| Amounts payable | 17/49 | €1,226,125 | €1,174,323 | -€51,802 | -4.2% |
| Amounts payable after more than one year | 17 | €939,939 | €894,627 | -€45,312 | -4.8% |
| Financial debts | 170/4 | €939,939 | €894,627 | -€45,312 | -4.8% |
| Amounts payable within one year | 42/48 | €286,187 | €279,696 | -€6,490 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €37,779 | €45,312 | +€7,533 | +19.9% |
| Trade debts | 44 | €62,873 | €33,086 | -€29,787 | -47.4% |
| Suppliers | 440/4 | €62,873 | €33,086 | -€29,787 | -47.4% |
| Advances received on contracts in progress | 46 | - | €2,769 | +€2,769 | |
| Taxes, remuneration and social security | 45 | €6,057 | €2,346 | -€3,711 | -61.3% |
| Taxes | 450/3 | €6,057 | €2,346 | -€3,711 | -61.3% |
| Other amounts payable | 47/48 | €179,478 | €196,183 | +€16,705 | +9.3% |
| Remuneration, social security and pensions | 62 | - | €43,233 | +€43,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,876 | €32,996 | +€5,120 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,411 | - | -€99,411 | |
| Other operating charges | 640/8 | €3,105 | €2,079 | -€1,026 | -33.0% |
| Gross operating margin | 9900 | €65,644 | €144,954 | +€79,309 | +121% |
| Operating profit (loss) | 9901 | -€64,749 | €66,645 | +€131,393 | |
| Financial income | 75/76B | €94 | €40 | -€54 | -57.8% |
| Recurring financial income | 75 | €94 | €40 | -€54 | -57.8% |
| Financial charges | 65/66B | €33,905 | €46,759 | +€12,854 | +37.9% |
| Recurring financial charges | 65 | €33,905 | €46,759 | +€12,854 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€98,560 | €19,925 | +€118,485 | |
| Profit (loss) for the period | 9904 | -€98,560 | €19,925 | +€118,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,560 | €19,925 | +€118,485 |
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 14 October 2026 via checked.be.