LLOX 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
LLOX Immo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€68,567
2024 · €80,937-€12,371
Equity
€421,855
2024 · €353,289+€68,567
Cash
€69,027
2024 · €63,019+€6,008
Balance sheet total
€2.8m
2024 · €2.9m-€47,653
Largest movements
Assets
- Tangible fixed assets -€63,846
down €63,846 (-2.3%), from €2.8m to €2.7m
Equity and liabilities
- Debts after one year -€133,079
down €133,079 (-5.7%), from €2.3m to €2.2m
of which Financial debts: -€133,079
- Reserves +€43,855
new in 2025: €43,855
of which Distributable reserves: +€41,663
Income statement
- Taxes +€11,000
new in 2025: €11,000
- Other operating charges +€10,241
up €10,241 (+108.4%), from €9,450 to €19,691
- Gross operating margin +€5,967
up €5,967 (+2.7%), from €217,208 to €223,175
- Financial charges -€4,204
down €4,204 (-7.4%), from €56,940 to €52,736
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
€80,937
Gross operating margin
+€5,967
Depreciation
-€1,105
Other operating charges
-€10,241
Financial income
-€195
Financial charges
+€4,204
Taxes
-€11,000
Result 2025
€68,567
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.
From operations
+€143,274
Investment
-€7,334
Financing
-€129,931
Cash 2024
€63,019
From operations (derived)
+€143,274
Net result for the year
+€68,567
Depreciation
+€71,181
Receivables within one year
-€10,185
Trade debts
+€12,026
Tax, wage and social debts
-€950
Other debts
+€4,268
Accrued charges and deferred income
-€1,632
Investment (derived)
-€7,334
Investment in fixed assets (net)
-€7,334
Financing
-€129,931
Debts after one year
-€133,079
Current portion of long-term debt
+€3,148
Cash 2025
€69,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,877,600 | €2,829,946 | -€47,653 | -1.7% |
| Fixed assets | 21/28 | €2,800,467 | €2,736,621 | -€63,846 | -2.3% |
| Tangible fixed assets | 22/27 | €2,800,467 | €2,736,621 | -€63,846 | -2.3% |
| Land and buildings | 22 | €2,800,467 | €2,736,621 | -€63,846 | -2.3% |
| Current assets | 29/58 | €77,132 | €93,325 | +€16,193 | +21.0% |
| Amounts receivable within one year | 40/41 | €14,113 | €24,298 | +€10,185 | +72.2% |
| Trade receivables | 40 | €14,113 | €16,030 | +€1,918 | +13.6% |
| Other amounts receivable | 41 | - | €8,268 | +€8,268 | |
| Cash at bank and in hand | 54/58 | €63,019 | €69,027 | +€6,008 | +9.5% |
| Total equity and liabilities | 10/49 | €2,877,600 | €2,829,946 | -€47,653 | -1.7% |
| Equity | 10/15 | €353,289 | €421,855 | +€68,567 | +19.4% |
| Contributions | 10/11 | €378,000 | €378,000 | = | 0.0% |
| Capital | 10 | €378,000 | €378,000 | = | 0.0% |
| Issued capital | 100 | €378,000 | €378,000 | = | 0.0% |
| Reserves | 13 | - | €43,855 | +€43,855 | |
| Non-distributable reserves | 130/1 | - | €2,193 | +€2,193 | |
| Legal reserve | 130 | - | €2,193 | +€2,193 | |
| Distributable reserves | 133 | - | €41,663 | +€41,663 | |
| Profit (loss) carried forward | 14 | -€24,711 | €0 | +€24,711 | |
| Amounts payable | 17/49 | €2,524,311 | €2,408,091 | -€116,220 | -4.6% |
| Amounts payable after more than one year | 17 | €2,336,680 | €2,203,601 | -€133,079 | -5.7% |
| Financial debts | 170/4 | €2,021,680 | €1,888,601 | -€133,079 | -6.6% |
| Other amounts payable | 178/9 | €315,000 | €315,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,155 | €188,646 | +€18,491 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €140,377 | €143,525 | +€3,148 | +2.2% |
| Trade debts | 44 | €18,112 | €30,138 | +€12,026 | +66.4% |
| Suppliers | 440/4 | €18,112 | €30,138 | +€12,026 | +66.4% |
| Taxes, remuneration and social security | 45 | €11,666 | €10,715 | -€950 | -8.1% |
| Taxes | 450/3 | €11,666 | €10,715 | -€950 | -8.1% |
| Other amounts payable | 47/48 | - | €4,268 | +€4,268 | |
| Accrued charges and deferred income | 492/3 | €17,476 | €15,844 | -€1,632 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,076 | €71,181 | +€1,105 | +1.6% |
| Other operating charges | 640/8 | €9,450 | €19,691 | +€10,241 | +108.4% |
| Gross operating margin | 9900 | €217,208 | €223,175 | +€5,967 | +2.7% |
| Operating profit (loss) | 9901 | €137,682 | €132,303 | -€5,379 | -3.9% |
| Financial income | 75/76B | €195 | €0 | -€195 | -100.0% |
| Recurring financial income | 75 | €195 | €0 | -€195 | -100.0% |
| Financial charges | 65/66B | €56,940 | €52,736 | -€4,204 | -7.4% |
| Recurring financial charges | 65 | €56,940 | €52,736 | -€4,204 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €80,937 | €79,567 | -€1,370 | -1.7% |
| Income taxes | 67/77 | - | €11,000 | +€11,000 | |
| Profit (loss) for the period | 9904 | €80,937 | €68,567 | -€12,371 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,937 | €68,567 | -€12,371 | -15.3% |
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 9 October 2026 via checked.be.