LMA 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.
LMA IMMO
Largest movements
- Tangible fixed assets -€11,335
down €11,335 (-35.7%), from €31,714 to €20,379
- Debts after one year -€28,207
down €28,207 (-19.4%), from €145,709 to €117,501
- Other debts +€24,547
up €24,547 (+60.7%), from €40,469 to €65,016
- Current portion of long-term debt -€5,862
down €5,862 (-13.3%), from €44,226 to €38,364
- Tax, wage and social debts -€4,296
down €4,296 (-33.6%), from €12,778 to €8,482
- Gross operating margin -€14,689
down €14,689 (-39.0%), from €37,631 to €22,942
- Depreciation +€7,973
up €7,973 (+237.2%), from €3,361 to €11,335
- Taxes -€2,779
down €2,779 (-55.9%), from €4,970 to €2,190
- Financial charges -€1,177
down €1,177 (-12.1%), from €9,746 to €8,570
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 | €284,460 | €271,913 | -€12,547 | -4.4% |
| Fixed assets | 21/28 | €280,714 | €269,379 | -€11,335 | -4.0% |
| Tangible fixed assets | 22/27 | €31,714 | €20,379 | -€11,335 | -35.7% |
| Furniture and vehicles | 24 | €31,714 | €20,379 | -€11,335 | -35.7% |
| Financial fixed assets | 28 | €249,000 | €249,000 | = | 0.0% |
| Current assets | 29/58 | €3,746 | €2,534 | -€1,213 | -32.4% |
| Amounts receivable within one year | 40/41 | €121 | - | -€121 | |
| Trade receivables | 40 | €121 | - | -€121 | |
| Cash at bank and in hand | 54/58 | €3,625 | €2,534 | -€1,092 | -30.1% |
| Total equity and liabilities | 10/49 | €284,460 | €271,913 | -€12,547 | -4.4% |
| Equity | 10/15 | €40,725 | €41,770 | +€1,045 | +2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,225 | €39,270 | +€1,045 | +2.7% |
| Amounts payable | 17/49 | €243,735 | €230,143 | -€13,592 | -5.6% |
| Amounts payable after more than one year | 17 | €145,709 | €117,501 | -€28,207 | -19.4% |
| Financial debts | 170/4 | €145,709 | €117,501 | -€28,207 | -19.4% |
| Amounts payable within one year | 42/48 | €98,026 | €112,440 | +€14,414 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €44,226 | €38,364 | -€5,862 | -13.3% |
| Trade debts | 44 | €553 | €578 | +€26 | +4.6% |
| Suppliers | 440/4 | €553 | €578 | +€26 | +4.6% |
| Taxes, remuneration and social security | 45 | €12,778 | €8,482 | -€4,296 | -33.6% |
| Taxes | 450/3 | €12,778 | €8,482 | -€4,296 | -33.6% |
| Other amounts payable | 47/48 | €40,469 | €65,016 | +€24,547 | +60.7% |
| Accrued charges and deferred income | 492/3 | - | €201 | +€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,361 | €11,335 | +€7,973 | +237.2% |
| Other operating charges | 640/8 | €162 | €103 | -€60 | -36.6% |
| Gross operating margin | 9900 | €37,631 | €22,942 | -€14,689 | -39.0% |
| Operating profit (loss) | 9901 | €34,107 | €11,505 | -€22,603 | -66.3% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €9,746 | €8,570 | -€1,177 | -12.1% |
| Recurring financial charges | 65 | €9,746 | €8,570 | -€1,177 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €24,361 | €3,235 | -€21,126 | -86.7% |
| Income taxes | 67/77 | €4,970 | €2,190 | -€2,779 | -55.9% |
| Profit (loss) for the period | 9904 | €19,391 | €1,045 | -€18,347 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,391 | €1,045 | -€18,347 | -94.6% |
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.