LOW 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.
LOW IMMO
Largest movements
- Tangible fixed assets -€19,619
down €19,619 (-3.1%), from €640,054 to €620,434
of which Land and buildings: -€19,500
- Cash +€6,923
up €6,923 (+1280.0%), from €541 to €7,464
mainly Other debts (+€27,797) and Depreciation (+€19,619)
- Debts after one year -€42,247
down €42,247 (-9.4%), from €451,140 to €408,892
- Other debts +€27,797
up €27,797 (+34.1%), from €81,473 to €109,270
- Accrued charges and deferred income +€9,106
new in 2024: €9,106
- Profit (loss) carried forward -€6,592
down €6,592 (-78.9%), from €8,353 to €1,761
- Gross operating margin -€15,950
down €15,950 (-40.2%), from €39,725 to €23,775
- Taxes -€2,703
down €2,703, from €2,030 to -€673
- Financial charges +€1,199
up €1,199 (+16.1%), from €7,451 to €8,650
- Other operating charges +€457
up €457 (+19.7%), from €2,314 to €2,771
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,595 | €627,898 | -€12,697 | -2.0% |
| Fixed assets | 21/28 | €640,054 | €620,434 | -€19,619 | -3.1% |
| Tangible fixed assets | 22/27 | €640,054 | €620,434 | -€19,619 | -3.1% |
| Land and buildings | 22 | €639,533 | €620,033 | -€19,500 | -3.0% |
| Plant, machinery and equipment | 23 | €520 | €401 | -€119 | -22.9% |
| Current assets | 29/58 | €541 | €7,464 | +€6,923 | +1280.0% |
| Cash at bank and in hand | 54/58 | €541 | €7,464 | +€6,923 | +1280.0% |
| Total equity and liabilities | 10/49 | €640,595 | €627,898 | -€12,697 | -2.0% |
| Equity | 10/15 | €59,967 | €53,374 | -€6,592 | -11.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €21,613 | €21,613 | = | 0.0% |
| Distributable reserves | 133 | €21,613 | €21,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,353 | €1,761 | -€6,592 | -78.9% |
| Amounts payable | 17/49 | €580,628 | €574,524 | -€6,104 | -1.1% |
| Amounts payable after more than one year | 17 | €451,140 | €408,892 | -€42,247 | -9.4% |
| Financial debts | 170/4 | €451,140 | €408,892 | -€42,247 | -9.4% |
| Amounts payable within one year | 42/48 | €129,488 | €156,525 | +€27,037 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €42,029 | €42,352 | +€323 | +0.8% |
| Trade debts | 44 | €3,236 | €4,904 | +€1,667 | +51.5% |
| Suppliers | 440/4 | €3,236 | €4,904 | +€1,667 | +51.5% |
| Taxes, remuneration and social security | 45 | €2,750 | - | -€2,750 | |
| Taxes | 450/3 | €2,750 | - | -€2,750 | |
| Other amounts payable | 47/48 | €81,473 | €109,270 | +€27,797 | +34.1% |
| Accrued charges and deferred income | 492/3 | - | €9,106 | +€9,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,577 | €19,619 | +€43 | +0.2% |
| Other operating charges | 640/8 | €2,314 | €2,771 | +€457 | +19.7% |
| Gross operating margin | 9900 | €39,725 | €23,775 | -€15,950 | -40.2% |
| Operating profit (loss) | 9901 | €17,834 | €1,385 | -€16,450 | -92.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,451 | €8,650 | +€1,199 | +16.1% |
| Recurring financial charges | 65 | €7,451 | €8,650 | +€1,199 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | -€7,265 | -€17,649 | |
| Income taxes | 67/77 | €2,030 | -€673 | -€2,703 | |
| Profit (loss) for the period | 9904 | €8,353 | -€6,592 | -€14,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,353 | -€6,592 | -€14,945 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.