LATmIMMO: 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.
LATmIMMO
Largest movements
- Receivables within one year -€2.6m
down €2.6m (-64.9%), from €4.0m to €1.4m
of which Other amounts receivable: -€2.7m
- Intangible fixed assets +€2.3m
new in 2025: €2.3m
- Tangible fixed assets -€647,331
down €647,331 (-98.0%), from €660,538 to €13,208
of which Land and buildings: -€619,029
- Financial fixed assets -€223,523
down €223,523 (-2.0%), from €11.3m to €11.1m
- Other debts -€1.1m
down €1.1m (-29.0%), from €3.9m to €2.7m
- Short-term financial debts +€250,000
up €250,000 (+33.3%), from €750,000 to €1.0m
- Current portion of long-term debt -€214,336
down €214,336 (-99.1%), from €216,176 to €1,840
- Gross operating margin +€1.4m
up €1.4m, from -€608,589 to €809,175
- Financial charges -€830,634
down €830,634 (-68.7%), from €1.2m to €377,717
of which Non-recurring financial charges: -€609,933
- Depreciation +€144,883
up €144,883 (+334%), from €43,421 to €188,304
- Financial income -€31,578
down €31,578 (-37.4%), from €84,354 to €52,776
of which Financial income: -€31,687
- Other operating charges -€19,648
down €19,648 (-39.2%), from €50,099 to €30,451
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 | €16,295,261 | €15,179,130 | -€1.1m | -6.8% |
| Fixed assets | 21/28 | €11,974,366 | €13,383,666 | +€1.4m | +11.8% |
| Intangible fixed assets | 21 | - | €2,280,153 | +€2.3m | |
| Tangible fixed assets | 22/27 | €660,538 | €13,208 | -€647,331 | -98.0% |
| Land and buildings | 22 | €623,281 | €4,252 | -€619,029 | -99.3% |
| Plant, machinery and equipment | 23 | €33,359 | €6,131 | -€27,228 | -81.6% |
| Furniture and vehicles | 24 | €3,899 | €2,825 | -€1,074 | -27.5% |
| Financial fixed assets | 28 | €11,313,827 | €11,090,305 | -€223,523 | -2.0% |
| Current assets | 29/58 | €4,320,895 | €1,795,464 | -€2.5m | -58.4% |
| Stocks and contracts in progress | 3 | €159,868 | €286,709 | +€126,840 | +79.3% |
| Stocks | 30/36 | €159,868 | €286,709 | +€126,840 | +79.3% |
| Amounts receivable within one year | 40/41 | €4,041,407 | €1,418,359 | -€2.6m | -64.9% |
| Trade receivables | 40 | €2,295 | €30,720 | +€28,425 | +1,238% |
| Other amounts receivable | 41 | €4,039,112 | €1,387,639 | -€2.7m | -65.6% |
| Cash at bank and in hand | 54/58 | €109,218 | €80,078 | -€29,140 | -26.7% |
| Deferred charges and accrued income | 490/1 | €10,401 | €10,319 | -€82 | -0.8% |
| Total equity and liabilities | 10/49 | €16,295,261 | €15,179,130 | -€1.1m | -6.8% |
| Equity | 10/15 | €11,174,444 | €11,302,159 | +€127,715 | +1.1% |
| Contributions | 10/11 | €14,032,342 | €14,032,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,857,898 | -€2,730,183 | +€127,715 | +4.5% |
| Amounts payable | 17/49 | €5,120,817 | €3,876,971 | -€1.2m | -24.3% |
| Amounts payable after more than one year | 17 | €149,092 | €0 | -€149,092 | -100% |
| Financial debts | 170/4 | €149,092 | €0 | -€149,092 | -100% |
| Amounts payable within one year | 42/48 | €4,923,091 | €3,825,703 | -€1.1m | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €216,176 | €1,840 | -€214,336 | -99.1% |
| Financial debts | 43 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Credit institutions | 430/8 | €750,000 | €1,000,000 | +€250,000 | +33.3% |
| Trade debts | 44 | €4,398 | €22,642 | +€18,244 | +415% |
| Suppliers | 440/4 | €4,398 | €22,642 | +€18,244 | +415% |
| Taxes, remuneration and social security | 45 | €79,719 | €52,317 | -€27,402 | -34.4% |
| Taxes | 450/3 | €65,087 | €35,810 | -€29,277 | -45.0% |
| Remuneration and social security | 454/9 | €14,632 | €16,507 | +€1,875 | +12.8% |
| Other amounts payable | 47/48 | €3,872,798 | €2,748,905 | -€1.1m | -29.0% |
| Accrued charges and deferred income | 492/3 | €48,634 | €51,268 | +€2,633 | +5.4% |
| Non-recurring operating income | 76A | €5,999 | €1,741 | -€4,258 | -71.0% |
| Remuneration, social security and pensions | 62 | €151,251 | €136,510 | -€14,741 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,421 | €188,304 | +€144,883 | +334% |
| Other operating charges | 640/8 | €50,099 | €30,451 | -€19,648 | -39.2% |
| Gross operating margin | 9900 | -€608,589 | €809,175 | +€1.4m | |
| Operating profit (loss) | 9901 | -€853,360 | €453,909 | +€1.3m | |
| Financial income | 75/76B | €84,354 | €52,776 | -€31,578 | -37.4% |
| Recurring financial income | 75 | €84,354 | €52,666 | -€31,687 | -37.6% |
| Non-recurring financial income | 76B | - | €110 | +€110 | |
| Financial charges | 65/66B | €1,208,351 | €377,717 | -€830,634 | -68.7% |
| Recurring financial charges | 65 | €375,149 | €154,449 | -€220,700 | -58.8% |
| Non-recurring financial charges | 66B | €833,202 | €223,268 | -€609,933 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,977,357 | €128,968 | +€2.1m | |
| Income taxes | 67/77 | €750 | €1,253 | +€503 | +67.1% |
| Profit (loss) for the period | 9904 | -€1,978,107 | €127,715 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,978,107 | €127,715 | +€2.1m |
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 15 October 2026 via checked.be.