LW-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.
LW-IMMO
Largest movements
- Tangible fixed assets -€21,563
down €21,563 (-3.3%), from €660,833 to €639,270
- Debts after one year -€20,929
down €20,929 (-6.8%), from €305,671 to €284,742
- Reserves +€20,915
up €20,915 (+5.8%), from €358,667 to €379,581
of which Distributable reserves: +€31,389
- Other debts -€16,998
down €16,998 (-17.1%), from €99,380 to €82,382
- Taxes +€3,240
up €3,240 (+44.9%), from €7,223 to €10,463
- Financial charges -€2,619
down €2,619 (-14.8%), from €17,729 to €15,110
- Other operating charges +€794
up €794 (+13.9%), from €5,718 to €6,511
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 | €884,950 | €865,272 | -€19,679 | -2.2% |
| Fixed assets | 21/28 | €660,833 | €639,270 | -€21,563 | -3.3% |
| Tangible fixed assets | 22/27 | €660,833 | €639,270 | -€21,563 | -3.3% |
| Land and buildings | 22 | €660,833 | €639,270 | -€21,563 | -3.3% |
| Current assets | 29/58 | €224,118 | €226,002 | +€1,884 | +0.8% |
| Amounts receivable after more than one year | 29 | €208,598 | €211,727 | +€3,129 | +1.5% |
| Other amounts receivable | 291 | €208,598 | €211,727 | +€3,129 | +1.5% |
| Amounts receivable within one year | 40/41 | €1,277 | €1,537 | +€260 | +20.3% |
| Other amounts receivable | 41 | €1,277 | €1,537 | +€260 | +20.3% |
| Cash at bank and in hand | 54/58 | €14,243 | €10,946 | -€3,296 | -23.1% |
| Deferred charges and accrued income | 490/1 | - | €1,792 | +€1,792 | |
| Total equity and liabilities | 10/49 | €884,950 | €865,272 | -€19,679 | -2.2% |
| Equity | 10/15 | €377,259 | €398,173 | +€20,915 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €358,667 | €379,581 | +€20,915 | +5.8% |
| Tax-exempt reserves | 132 | €242,843 | €232,368 | -€10,475 | -4.3% |
| Distributable reserves | 133 | €115,824 | €147,214 | +€31,389 | +27.1% |
| Provisions and deferred taxes | 16 | €80,948 | €77,456 | -€3,492 | -4.3% |
| Deferred taxes | 168 | €80,948 | €77,456 | -€3,492 | -4.3% |
| Amounts payable | 17/49 | €426,744 | €389,642 | -€37,102 | -8.7% |
| Amounts payable after more than one year | 17 | €305,671 | €284,742 | -€20,929 | -6.8% |
| Financial debts | 170/4 | €305,671 | €284,742 | -€20,929 | -6.8% |
| Amounts payable within one year | 42/48 | €119,685 | €103,311 | -€16,374 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €20,305 | €20,929 | +€624 | +3.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €99,380 | €82,382 | -€16,998 | -17.1% |
| Accrued charges and deferred income | 492/3 | €1,388 | €1,589 | +€202 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,563 | €21,563 | = | 0.0% |
| Other operating charges | 640/8 | €5,718 | €6,511 | +€794 | +13.9% |
| Gross operating margin | 9900 | €68,495 | €67,941 | -€554 | -0.8% |
| Operating profit (loss) | 9901 | €41,215 | €39,867 | -€1,348 | -3.3% |
| Financial income | 75/76B | €3,095 | €3,129 | +€34 | +1.1% |
| Recurring financial income | 75 | €3,095 | €3,129 | +€34 | +1.1% |
| Financial charges | 65/66B | €17,729 | €15,110 | -€2,619 | -14.8% |
| Recurring financial charges | 65 | €17,729 | €15,110 | -€2,619 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €26,581 | €27,886 | +€1,305 | +4.9% |
| Transfer from deferred taxes | 780 | €3,492 | €3,492 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €7,223 | €10,463 | +€3,240 | +44.9% |
| Profit (loss) for the period | 9904 | €22,850 | €20,915 | -€1,935 | -8.5% |
| Transfer from tax-exempt reserves | 789 | €10,475 | €10,475 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €33,325 | €31,389 | -€1,935 | -5.8% |
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 7 October 2026 via checked.be.