LAUVA - 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.
What changed
LAUVA - IMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,409
2024 · €72,425-€52,016
Equity
€802,452
2024 · €782,043+€20,409
Cash
€4,897
2024 · €32,756-€27,859
Balance sheet total
€2.8m
2024 · €2.1m+€752,328
Largest movements
Assets
- Tangible fixed assets +€997,612
up €997,612 (+82.4%), from €1.2m to €2.2m
of which Land and buildings: +€1.0m
- Current investments -€255,000
no longer reported in 2025 (was €255,000)
- Receivables within one year +€38,610
up €38,610 (+6.6%), from €585,611 to €624,221
of which Other amounts receivable: +€55,960
Equity and liabilities
- Other debts +€726,935
up €726,935 (+2,912%), from €24,963 to €751,898
Income statement
- Gross operating margin -€50,724
down €50,724 (-35.5%), from €142,689 to €91,964
- Taxes -€25,345
down €25,345 (-71.0%), from €35,702 to €10,357
- Financial income -€16,999
down €16,999 (-45.3%), from €37,489 to €20,491
- Other operating charges +€10,057
up €10,057 (+103%), from €9,783 to €19,839
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.
Result 2024
€72,425
Gross operating margin
-€50,724
Depreciation
-€627
Other operating charges
-€10,057
Financial income
-€16,999
Financial charges
-€102
Taxes
+€25,345
Deferred taxes and other
+€1,146
Result 2025
€20,409
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€770,127
Investment
-€801,136
Financing
+€3,150
Cash 2024
€32,756
From operations (derived)
+€770,127
Net result for the year
+€20,409
Depreciation
+€58,524
Receivables within one year
-€38,610
Smaller working-capital items
+€2,870
Other debts
+€726,935
Investment (derived)
-€801,136
Investment in fixed assets (net)
-€1.1m
Current investments
+€255,000
Financing
+€3,150
Debts after one year
+€3,150
Cash 2025
€4,897
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,086,543 | €2,838,871 | +€752,328 | +36.1% |
| Fixed assets | 21/28 | €1,210,021 | €2,207,633 | +€997,612 | +82.4% |
| Tangible fixed assets | 22/27 | €1,210,021 | €2,207,633 | +€997,612 | +82.4% |
| Land and buildings | 22 | €1,171,060 | €2,178,644 | +€1.0m | +86.0% |
| Furniture and vehicles | 24 | €38,960 | €28,989 | -€9,971 | -25.6% |
| Current assets | 29/58 | €876,522 | €631,239 | -€245,284 | -28.0% |
| Amounts receivable within one year | 40/41 | €585,611 | €624,221 | +€38,610 | +6.6% |
| Trade receivables | 40 | €30,000 | €12,650 | -€17,350 | -57.8% |
| Other amounts receivable | 41 | €555,611 | €611,571 | +€55,960 | +10.1% |
| Current investments | 50/53 | €255,000 | - | -€255,000 | |
| Cash at bank and in hand | 54/58 | €32,756 | €4,897 | -€27,859 | -85.1% |
| Deferred charges and accrued income | 490/1 | €3,156 | €2,121 | -€1,035 | -32.8% |
| Total equity and liabilities | 10/49 | €2,086,543 | €2,838,871 | +€752,328 | +36.1% |
| Equity | 10/15 | €782,043 | €802,452 | +€20,409 | +2.6% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €682,885 | €703,294 | +€20,409 | +3.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,092 | €119,200 | -€5,891 | -4.7% |
| Distributable reserves | 133 | €547,878 | €574,178 | +€26,300 | +4.8% |
| Provisions and deferred taxes | 16 | €41,697 | €39,733 | -€1,964 | -4.7% |
| Deferred taxes | 168 | €41,697 | €39,733 | -€1,964 | -4.7% |
| Amounts payable | 17/49 | €1,262,803 | €1,996,686 | +€733,883 | +58.1% |
| Amounts payable after more than one year | 17 | €1,222,839 | €1,225,989 | +€3,150 | +0.3% |
| Financial debts | 170/4 | €1,222,839 | €1,225,989 | +€3,150 | +0.3% |
| Amounts payable within one year | 42/48 | €38,324 | €767,438 | +€729,114 | +1,903% |
| Trade debts | 44 | €10,011 | €12,111 | +€2,100 | +21.0% |
| Suppliers | 440/4 | €10,011 | €12,111 | +€2,100 | +21.0% |
| Taxes, remuneration and social security | 45 | €3,349 | €3,429 | +€79 | +2.4% |
| Taxes | 450/3 | €1,499 | €1,579 | +€79 | +5.3% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €24,963 | €751,898 | +€726,935 | +2,912% |
| Accrued charges and deferred income | 492/3 | €1,640 | €3,259 | +€1,619 | +98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,897 | €58,524 | +€627 | +1.1% |
| Other operating charges | 640/8 | €9,783 | €19,839 | +€10,057 | +103% |
| Gross operating margin | 9900 | €142,689 | €91,964 | -€50,724 | -35.5% |
| Operating profit (loss) | 9901 | €75,009 | €13,601 | -€61,408 | -81.9% |
| Financial income | 75/76B | €37,489 | €20,491 | -€16,999 | -45.3% |
| Recurring financial income | 75 | €37,489 | €20,491 | -€16,999 | -45.3% |
| Financial charges | 65/66B | €5,188 | €5,290 | +€102 | +2.0% |
| Recurring financial charges | 65 | €5,188 | €5,290 | +€102 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €107,310 | €28,802 | -€78,508 | -73.2% |
| Transfer from deferred taxes | 780 | €817 | €1,964 | +€1,146 | +140% |
| Income taxes | 67/77 | €35,702 | €10,357 | -€25,345 | -71.0% |
| Profit (loss) for the period | 9904 | €72,425 | €20,409 | -€52,016 | -71.8% |
| Transfer from tax-exempt reserves | 789 | €2,452 | €5,891 | +€3,439 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €74,877 | €26,300 | -€48,577 | -64.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.