L&S 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&S Immo
Largest movements
- Tangible fixed assets +€243,097
up €243,097 (+50.0%), from €485,782 to €728,879
of which Land and buildings: +€241,555
- Cash -€44,256
down €44,256 (-87.9%), from €50,351 to €6,095
mainly Investment in fixed assets (net) (-€255,233) and Debts after one year (-€12,961)
- Other debts +€199,938
up €199,938 (+90.8%), from €220,079 to €420,017
- Debts after one year -€12,961
down €12,961 (-5.4%), from €238,648 to €225,687
- Profit (loss) carried forward +€8,521
up €8,521 (+13.7%), from €62,373 to €70,894
- Gross operating margin -€6,205
down €6,205 (-19.3%), from €32,228 to €26,024
- Depreciation +€5,119
up €5,119 (+73.0%), from €7,016 to €12,136
- Other operating charges -€1,673
down €1,673 (-96.4%), from €1,735 to €62
- Financial charges -€1,389
down €1,389 (-39.4%), from €3,529 to €2,140
- Taxes +€1,050
up €1,050 (+49.7%), from €2,115 to €3,165
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 | €536,133 | €734,974 | +€198,841 | +37.1% |
| Fixed assets | 21/28 | €485,782 | €728,879 | +€243,097 | +50.0% |
| Tangible fixed assets | 22/27 | €485,782 | €728,879 | +€243,097 | +50.0% |
| Land and buildings | 22 | €485,782 | €727,337 | +€241,555 | +49.7% |
| Furniture and vehicles | 24 | - | €1,543 | +€1,543 | |
| Current assets | 29/58 | €50,351 | €6,095 | -€44,256 | -87.9% |
| Cash at bank and in hand | 54/58 | €50,351 | €6,095 | -€44,256 | -87.9% |
| Total equity and liabilities | 10/49 | €536,133 | €734,974 | +€198,841 | +37.1% |
| Equity | 10/15 | €62,973 | €71,494 | +€8,521 | +13.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,373 | €70,894 | +€8,521 | +13.7% |
| Amounts payable | 17/49 | €473,160 | €663,480 | +€190,320 | +40.2% |
| Amounts payable after more than one year | 17 | €238,648 | €225,687 | -€12,961 | -5.4% |
| Financial debts | 170/4 | €238,648 | €225,687 | -€12,961 | -5.4% |
| Amounts payable within one year | 42/48 | €234,512 | €437,792 | +€203,280 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €12,795 | €12,961 | +€166 | +1.3% |
| Trade debts | 44 | €48 | €60 | +€11 | +23.8% |
| Suppliers | 440/4 | €48 | €60 | +€11 | +23.8% |
| Taxes, remuneration and social security | 45 | €1,590 | €4,755 | +€3,165 | +199% |
| Taxes | 450/3 | €1,590 | €4,755 | +€3,165 | +199% |
| Other amounts payable | 47/48 | €220,079 | €420,017 | +€199,938 | +90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,016 | €12,136 | +€5,119 | +73.0% |
| Other operating charges | 640/8 | €1,735 | €62 | -€1,673 | -96.4% |
| Gross operating margin | 9900 | €32,228 | €26,024 | -€6,205 | -19.3% |
| Operating profit (loss) | 9901 | €23,477 | €13,826 | -€9,651 | -41.1% |
| Financial charges | 65/66B | €3,529 | €2,140 | -€1,389 | -39.4% |
| Recurring financial charges | 65 | €3,529 | €2,140 | -€1,389 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €19,949 | €11,686 | -€8,262 | -41.4% |
| Income taxes | 67/77 | €2,115 | €3,165 | +€1,050 | +49.7% |
| Profit (loss) for the period | 9904 | €17,834 | €8,521 | -€9,313 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,834 | €8,521 | -€9,313 | -52.2% |
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 18 October 2026 via checked.be.