LUVAL 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.
LUVAL IMMO
Largest movements
- Tangible fixed assets -€25,928
down €25,928 (-3.2%), from €820,793 to €794,865
of which Land and buildings: -€25,573
- Debts after one year -€63,397
down €63,397 (-17.7%), from €357,530 to €294,134
of which Financial debts: -€36,237
- Current portion of long-term debt +€22,685
up €22,685 (+103.6%), from €21,894 to €44,579
- Reserves +€13,079
up €13,079 (+112.6%), from €11,618 to €24,697
of which Distributable reserves: +€13,079
- Financial charges -€6,469
down €6,469 (-26.4%), from €24,534 to €18,065
- Gross operating margin -€6,327
down €6,327 (-8.4%), from €75,119 to €68,791
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 | €831,160 | €798,208 | -€32,952 | -4.0% |
| Fixed assets | 21/28 | €820,793 | €794,865 | -€25,928 | -3.2% |
| Tangible fixed assets | 22/27 | €820,793 | €794,865 | -€25,928 | -3.2% |
| Land and buildings | 22 | €819,677 | €794,104 | -€25,573 | -3.1% |
| Plant, machinery and equipment | 23 | €1,116 | €761 | -€355 | -31.8% |
| Current assets | 29/58 | €10,367 | €3,343 | -€7,024 | -67.8% |
| Amounts receivable within one year | 40/41 | €5,977 | - | -€5,977 | |
| Trade receivables | 40 | €5,977 | - | -€5,977 | |
| Cash at bank and in hand | 54/58 | €3,624 | €2,554 | -€1,070 | -29.5% |
| Deferred charges and accrued income | 490/1 | €766 | €788 | +€23 | +3.0% |
| Total equity and liabilities | 10/49 | €831,160 | €798,208 | -€32,952 | -4.0% |
| Equity | 10/15 | €421,890 | €434,969 | +€13,079 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €391,680 | €391,680 | = | 0.0% |
| Reserves | 13 | €11,618 | €24,697 | +€13,079 | +112.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €9,759 | €22,838 | +€13,079 | +134.0% |
| Amounts payable | 17/49 | €409,269 | €363,239 | -€46,030 | -11.2% |
| Amounts payable after more than one year | 17 | €357,530 | €294,134 | -€63,397 | -17.7% |
| Financial debts | 170/4 | €291,130 | €254,894 | -€36,237 | -12.4% |
| Other amounts payable | 178/9 | €66,400 | €39,240 | -€27,160 | -40.9% |
| Amounts payable within one year | 42/48 | €46,829 | €65,095 | +€18,266 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €21,894 | €44,579 | +€22,685 | +103.6% |
| Trade debts | 44 | €11,673 | €4,062 | -€7,611 | -65.2% |
| Suppliers | 440/4 | €11,673 | €4,062 | -€7,611 | -65.2% |
| Taxes, remuneration and social security | 45 | €8,582 | €13,522 | +€4,941 | +57.6% |
| Taxes | 450/3 | €8,582 | €13,522 | +€4,941 | +57.6% |
| Other amounts payable | 47/48 | €4,680 | €2,932 | -€1,748 | -37.4% |
| Accrued charges and deferred income | 492/3 | €4,910 | €4,010 | -€900 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,928 | €25,928 | = | 0.0% |
| Other operating charges | 640/8 | €7,000 | €6,807 | -€193 | -2.8% |
| Gross operating margin | 9900 | €75,119 | €68,791 | -€6,327 | -8.4% |
| Operating profit (loss) | 9901 | €42,191 | €36,057 | -€6,134 | -14.5% |
| Financial income | 75/76B | €13 | €37 | +€24 | +185.0% |
| Recurring financial income | 75 | €13 | €37 | +€24 | +185.0% |
| Financial charges | 65/66B | €24,534 | €18,065 | -€6,469 | -26.4% |
| Recurring financial charges | 65 | €24,534 | €18,065 | -€6,469 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €17,670 | €18,029 | +€359 | +2.0% |
| Income taxes | 67/77 | €4,750 | €4,950 | +€200 | +4.2% |
| Profit (loss) for the period | 9904 | €12,920 | €13,079 | +€159 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,920 | €13,079 | +€159 | +1.2% |
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.