LOCIMMO EUROPE: what changed
What changed
LOCIMMO EUROPE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€12,075
2024 · €25,000-€12,925
Equity
€2.7m
2024 · €2.7m+€12,075
Cash
€191,720
2024 · €46,972+€144,748
Balance sheet total
€3.7m
2024 · €3.9m-€146,506
Largest movements
Assets
- Tangible fixed assets -€325,774
down €325,774 (-8.5%), from €3.8m to €3.5m
of which Land and buildings: -€241,482
- Cash +€144,748
up €144,748 (+308%), from €46,972 to €191,720
mainly Depreciation (+€172,973) and Investment in fixed assets (net) (+€152,801)
Equity and liabilities
- Other debts -€87,063
down €87,063 (-50.9%), from €170,924 to €83,862
- Debts after one year -€68,697
down €68,697 (-8.7%), from €787,596 to €718,899
Income statement
- Gross operating margin -€47,539
down €47,539 (-14.1%), from €338,333 to €290,794
- Depreciation -€29,543
down €29,543 (-14.6%), from €202,516 to €172,973
- Financial charges -€26,163
down €26,163 (-63.8%), from €41,008 to €14,845
- Other operating charges +€20,076
up €20,076 (+170%), from €11,795 to €31,871
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,000
Gross operating margin
-€47,539
Staff costs
-€1,116
Depreciation
+€29,543
Other operating charges
-€20,076
Financial income
-€0
Financial charges
+€26,163
Taxes
+€99
Result 2025
€12,075
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€59,605
Investment
+€152,801
Financing
-€67,658
Cash 2024
€46,972
From operations (derived)
+€59,605
Net result for the year
+€12,075
Depreciation
+€172,973
Receivables within one year
-€30,000
Deferred charges and accrued income
-€4,519
Provisions
-€4,145
Trade debts
-€1,057
Tax, wage and social debts
+€1,342
Other debts
-€87,063
Investment (derived)
+€152,801
Investment in fixed assets (net)
+€152,801
Financing
-€67,658
Debts after one year
-€68,697
Current portion of long-term debt
+€1,040
Cash 2025
€191,720
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,860,059 | €3,713,553 | -€146,506 | -3.8% |
| Fixed assets | 21/28 | €3,810,636 | €3,484,862 | -€325,774 | -8.5% |
| Tangible fixed assets | 22/27 | €3,810,636 | €3,484,862 | -€325,774 | -8.5% |
| Land and buildings | 22 | €2,969,740 | €2,728,258 | -€241,482 | -8.1% |
| Plant, machinery and equipment | 23 | €5,880 | €10,712 | +€4,832 | +82.2% |
| Furniture and vehicles | 24 | €53,054 | €43,510 | -€9,544 | -18.0% |
| Other tangible fixed assets | 26 | €781,963 | €702,383 | -€79,580 | -10.2% |
| Current assets | 29/58 | €49,423 | €228,691 | +€179,268 | +363% |
| Amounts receivable within one year | 40/41 | €0 | €30,000 | +€30,000 | |
| Trade receivables | 40 | €0 | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €46,972 | €191,720 | +€144,748 | +308% |
| Deferred charges and accrued income | 490/1 | €2,451 | €6,970 | +€4,519 | +184% |
| Total equity and liabilities | 10/49 | €3,860,059 | €3,713,553 | -€146,506 | -3.8% |
| Equity | 10/15 | €2,718,777 | €2,730,852 | +€12,075 | +0.4% |
| Contributions | 10/11 | €3,030,000 | €3,030,000 | = | 0.0% |
| Reserves | 13 | €324,152 | €311,715 | -€12,436 | -3.8% |
| Non-distributable reserves | 130/1 | €805 | €805 | = | 0.0% |
| Reserves not available under the articles | 1311 | €805 | €805 | = | 0.0% |
| Tax-exempt reserves | 132 | €323,347 | €310,910 | -€12,436 | -3.8% |
| Profit (loss) carried forward | 14 | -€635,374 | -€610,863 | +€24,511 | +3.9% |
| Provisions and deferred taxes | 16 | €107,782 | €103,637 | -€4,145 | -3.8% |
| Deferred taxes | 168 | €107,782 | €103,637 | -€4,145 | -3.8% |
| Amounts payable | 17/49 | €1,033,500 | €879,064 | -€154,435 | -14.9% |
| Amounts payable after more than one year | 17 | €787,596 | €718,899 | -€68,697 | -8.7% |
| Financial debts | 170/4 | €787,596 | €718,899 | -€68,697 | -8.7% |
| Amounts payable within one year | 42/48 | €245,903 | €160,166 | -€85,738 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €67,658 | €68,697 | +€1,040 | +1.5% |
| Trade debts | 44 | €2,520 | €1,464 | -€1,057 | -41.9% |
| Suppliers | 440/4 | €2,520 | €1,464 | -€1,057 | -41.9% |
| Taxes, remuneration and social security | 45 | €4,801 | €6,143 | +€1,342 | +28.0% |
| Taxes | 450/3 | €1,272 | €2,444 | +€1,173 | +92.2% |
| Remuneration and social security | 454/9 | €3,529 | €3,699 | +€169 | +4.8% |
| Other amounts payable | 47/48 | €170,924 | €83,862 | -€87,063 | -50.9% |
| Remuneration, social security and pensions | 62 | €60,888 | €62,004 | +€1,116 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,516 | €172,973 | -€29,543 | -14.6% |
| Other operating charges | 640/8 | €11,795 | €31,871 | +€20,076 | +170% |
| Gross operating margin | 9900 | €338,333 | €290,794 | -€47,539 | -14.1% |
| Operating profit (loss) | 9901 | €63,133 | €23,947 | -€39,187 | -62.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €41,008 | €14,845 | -€26,163 | -63.8% |
| Recurring financial charges | 65 | €41,008 | €14,845 | -€26,163 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €22,126 | €9,102 | -€13,024 | -58.9% |
| Transfer from deferred taxes | 780 | €4,145 | €4,145 | = | 0.0% |
| Income taxes | 67/77 | €1,272 | €1,173 | -€99 | -7.8% |
| Profit (loss) for the period | 9904 | €25,000 | €12,075 | -€12,925 | -51.7% |
| Transfer from tax-exempt reserves | 789 | €12,436 | €12,436 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,436 | €24,511 | -€12,925 | -34.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.