LO-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.
LO-IMMO
Largest movements
- Tangible fixed assets -€135,722
down €135,722 (-8.0%), from €1.7m to €1.6m
of which Land and buildings: -€84,883
- Cash -€62,209
down €62,209 (-14.0%), from €442,842 to €380,633
mainly Debts after one year (-€303,145) and Other debts (-€144,718)
- Receivables within one year -€23,353
down €23,353 (-14.6%), from €159,566 to €136,214
of which Trade receivables: -€24,322
- Debts after one year -€303,145
down €303,145 (-19.0%), from €1.6m to €1.3m
- Current portion of long-term debt +€150,038
new in 2025: €150,038
- Other debts -€144,718
down €144,718 (-27.0%), from €535,051 to €390,333
- Reserves +€95,937
up €95,937 (+258.5%), from €37,119 to €133,056
of which Distributable reserves: +€98,937
- Gross operating margin +€102,998
up €102,998 (+21.3%), from €482,998 to €585,996
- Taxes +€9,909
up €9,909 (+849.4%), from €1,167 to €11,075
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 | €2,311,971 | €2,093,419 | -€218,552 | -9.5% |
| Fixed assets | 21/28 | €1,706,801 | €1,571,079 | -€135,722 | -8.0% |
| Tangible fixed assets | 22/27 | €1,706,801 | €1,571,079 | -€135,722 | -8.0% |
| Land and buildings | 22 | €1,353,910 | €1,269,028 | -€84,883 | -6.3% |
| Plant, machinery and equipment | 23 | €193,482 | €191,092 | -€2,390 | -1.2% |
| Furniture and vehicles | 24 | €159,408 | €110,959 | -€48,449 | -30.4% |
| Current assets | 29/58 | €605,170 | €522,340 | -€82,830 | -13.7% |
| Amounts receivable within one year | 40/41 | €159,566 | €136,214 | -€23,353 | -14.6% |
| Trade receivables | 40 | €152,639 | €128,316 | -€24,322 | -15.9% |
| Other amounts receivable | 41 | €6,928 | €7,897 | +€970 | +14.0% |
| Cash at bank and in hand | 54/58 | €442,842 | €380,633 | -€62,209 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,762 | €5,493 | +€2,732 | +98.9% |
| Total equity and liabilities | 10/49 | €2,311,971 | €2,093,419 | -€218,552 | -9.5% |
| Equity | 10/15 | €67,119 | €163,056 | +€95,937 | +142.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €37,119 | €133,056 | +€95,937 | +258.5% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €34,119 | €133,056 | +€98,937 | +290.0% |
| Amounts payable | 17/49 | €2,244,852 | €1,930,363 | -€314,489 | -14.0% |
| Amounts payable after more than one year | 17 | €1,593,759 | €1,290,614 | -€303,145 | -19.0% |
| Financial debts | 170/4 | €1,593,759 | €1,290,614 | -€303,145 | -19.0% |
| Amounts payable within one year | 42/48 | €651,093 | €639,749 | -€11,344 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €150,038 | +€150,038 | |
| Financial debts | 43 | €912 | €1,572 | +€660 | +72.4% |
| Credit institutions | 430/8 | €912 | €1,572 | +€660 | +72.4% |
| Trade debts | 44 | €53,582 | €56,724 | +€3,142 | +5.9% |
| Suppliers | 440/4 | €53,582 | €56,724 | +€3,142 | +5.9% |
| Taxes, remuneration and social security | 45 | €61,548 | €41,082 | -€20,466 | -33.3% |
| Taxes | 450/3 | €50,363 | €29,253 | -€21,110 | -41.9% |
| Remuneration and social security | 454/9 | €11,185 | €11,830 | +€644 | +5.8% |
| Other amounts payable | 47/48 | €535,051 | €390,333 | -€144,718 | -27.0% |
| Non-recurring operating income | 76A | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €208,002 | €211,701 | +€3,700 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,373 | €209,022 | +€4,650 | +2.3% |
| Other operating charges | 640/8 | €16,216 | €15,224 | -€992 | -6.1% |
| Gross operating margin | 9900 | €482,998 | €585,996 | +€102,998 | +21.3% |
| Operating profit (loss) | 9901 | €54,407 | €150,049 | +€95,641 | +175.8% |
| Financial income | 75/76B | - | €785 | +€785 | |
| Recurring financial income | 75 | - | €785 | +€785 | |
| Financial charges | 65/66B | €46,990 | €42,155 | -€4,835 | -10.3% |
| Recurring financial charges | 65 | €46,990 | €42,155 | -€4,835 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €7,417 | €108,678 | +€101,261 | +1365.2% |
| Income taxes | 67/77 | €1,167 | €11,075 | +€9,909 | +849.4% |
| Profit (loss) for the period | 9904 | €6,251 | €97,603 | +€91,353 | +1461.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,251 | €97,603 | +€91,353 | +1461.5% |
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 2 October 2026 via checked.be.