L.S.N. 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.N. IMMO
Largest movements
- Tangible fixed assets -€17,928
down €17,928 (-3.1%), from €582,659 to €564,732
of which Land and buildings: -€13,523
- Debts after one year -€29,445
down €29,445 (-7.4%), from €398,106 to €368,662
- Other debts +€13,842
up €13,842 (+4.4%), from €313,784 to €327,626
- Purchases and services -€10,001
no longer reported in 2025 (was €10,001)
- Gross operating margin +€6,212
up €6,212 (+18.0%), from €34,463 to €40,675
- Financial charges -€684
down €684 (-6.3%), from €10,909 to €10,225
- Depreciation +€514
up €514 (+2.4%), from €20,984 to €21,498
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 | €587,071 | €577,065 | -€10,006 | -1.7% |
| Fixed assets | 21/28 | €582,659 | €564,732 | -€17,928 | -3.1% |
| Tangible fixed assets | 22/27 | €582,659 | €564,732 | -€17,928 | -3.1% |
| Land and buildings | 22 | €494,898 | €481,375 | -€13,523 | -2.7% |
| Plant, machinery and equipment | 23 | €87,762 | €83,357 | -€4,405 | -5.0% |
| Current assets | 29/58 | €4,411 | €12,334 | +€7,922 | +180% |
| Amounts receivable within one year | 40/41 | €15 | €3,570 | +€3,555 | +24,120% |
| Trade receivables | 40 | - | €3,570 | +€3,570 | |
| Other amounts receivable | 41 | €15 | €0 | -€15 | -100% |
| Cash at bank and in hand | 54/58 | €3,806 | €8,155 | +€4,349 | +114% |
| Deferred charges and accrued income | 490/1 | €590 | €608 | +€18 | +3.0% |
| Total equity and liabilities | 10/49 | €587,071 | €577,065 | -€10,006 | -1.7% |
| Equity | 10/15 | -€159,051 | -€156,798 | +€2,253 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,651 | -€175,398 | +€2,253 | +1.3% |
| Amounts payable | 17/49 | €746,122 | €733,863 | -€12,259 | -1.6% |
| Amounts payable after more than one year | 17 | €398,106 | €368,662 | -€29,445 | -7.4% |
| Financial debts | 170/4 | €398,106 | €368,662 | -€29,445 | -7.4% |
| Amounts payable within one year | 42/48 | €346,214 | €364,277 | +€18,063 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €28,738 | €29,445 | +€707 | +2.5% |
| Trade debts | 44 | €3,692 | €7,206 | +€3,515 | +95.2% |
| Suppliers | 440/4 | €3,692 | €7,206 | +€3,515 | +95.2% |
| Other amounts payable | 47/48 | €313,784 | €327,626 | +€13,842 | +4.4% |
| Accrued charges and deferred income | 492/3 | €1,802 | €925 | -€877 | -48.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,001 | - | -€10,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,984 | €21,498 | +€514 | +2.4% |
| Other operating charges | 640/8 | €6,614 | €6,699 | +€85 | +1.3% |
| Non-recurring operating charges | 66A | €1,800 | €0 | -€1,800 | -100% |
| Gross operating margin | 9900 | €34,463 | €40,675 | +€6,212 | +18.0% |
| Operating profit (loss) | 9901 | €5,065 | €12,478 | +€7,413 | +146% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €10,909 | €10,225 | -€684 | -6.3% |
| Recurring financial charges | 65 | €10,909 | €10,225 | -€684 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,834 | €2,253 | +€8,087 | |
| Profit (loss) for the period | 9904 | -€5,834 | €2,253 | +€8,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,834 | €2,253 | +€8,087 |
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 25 October 2026 via checked.be.