LLM IMMO: what changed
Two fiscal 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.
LLM IMMO
Largest movements
- Tangible fixed assets -€23,987
down €23,987 (-2.7%), from €902,419 to €878,432
- Debts after one year -€63,500
down €63,500 (-6.6%), from €958,063 to €894,563
- Current portion of long-term debt +€45,000
up €45,000 (+243.2%), from €18,500 to €63,500
- Other operating charges -€4,428
down €4,428 (-53.9%), from €8,208 to €3,781
- Financial charges -€3,136
down €3,136 (-12.0%), from €26,116 to €22,980
- Depreciation -€2,191
down €2,191 (-7.6%), from €28,780 to €26,589
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.
Cash bridge derived
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 | €1,225,517 | €1,199,582 | -€25,935 | -2.1% |
| Fixed assets | 21/28 | €902,419 | €878,432 | -€23,987 | -2.7% |
| Tangible fixed assets | 22/27 | €902,419 | €878,432 | -€23,987 | -2.7% |
| Land and buildings | 22 | €902,419 | €878,432 | -€23,987 | -2.7% |
| Current assets | 29/58 | €323,098 | €321,150 | -€1,947 | -0.6% |
| Stocks and contracts in progress | 3 | €300,524 | €302,260 | +€1,736 | +0.6% |
| Stocks | 30/36 | €300,524 | €302,260 | +€1,736 | +0.6% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,211 | -€289 | -11.5% |
| Other amounts receivable | 41 | €2,500 | €2,211 | -€289 | -11.5% |
| Cash at bank and in hand | 54/58 | €19,552 | €15,160 | -€4,392 | -22.5% |
| Deferred charges and accrued income | 490/1 | €522 | €1,519 | +€997 | +191.0% |
| Total equity and liabilities | 10/49 | €1,225,517 | €1,199,582 | -€25,935 | -2.1% |
| Equity | 10/15 | €121,203 | €125,638 | +€4,435 | +3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €105,772 | €105,772 | = | 0.0% |
| Non-distributable reserves | 130/1 | €699 | €699 | = | 0.0% |
| Reserves not available under the articles | 1311 | €699 | €699 | = | 0.0% |
| Distributable reserves | 133 | €105,073 | €105,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,569 | -€134 | +€4,435 | +97.1% |
| Amounts payable | 17/49 | €1,104,314 | €1,073,944 | -€30,370 | -2.8% |
| Amounts payable after more than one year | 17 | €958,063 | €894,563 | -€63,500 | -6.6% |
| Financial debts | 170/4 | €958,063 | €894,563 | -€63,500 | -6.6% |
| Amounts payable within one year | 42/48 | €145,226 | €178,402 | +€33,176 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €18,500 | €63,500 | +€45,000 | +243.2% |
| Trade debts | 44 | €100 | €0 | -€100 | -100.0% |
| Suppliers | 440/4 | €100 | €0 | -€100 | -100.0% |
| Other amounts payable | 47/48 | €126,626 | €114,902 | -€11,724 | -9.3% |
| Accrued charges and deferred income | 492/3 | €1,025 | €979 | -€46 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,780 | €26,589 | -€2,191 | -7.6% |
| Other operating charges | 640/8 | €8,208 | €3,781 | -€4,428 | -53.9% |
| Gross operating margin | 9900 | €58,535 | €58,073 | -€462 | -0.8% |
| Operating profit (loss) | 9901 | €21,546 | €27,703 | +€6,157 | +28.6% |
| Financial charges | 65/66B | €26,116 | €22,980 | -€3,136 | -12.0% |
| Recurring financial charges | 65 | €26,116 | €22,980 | -€3,136 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,569 | €4,724 | +€9,293 | |
| Income taxes | 67/77 | €0 | €289 | +€289 | |
| Profit (loss) for the period | 9904 | -€4,569 | €4,435 | +€9,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,569 | €4,435 | +€9,004 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.