LWL 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.
LWL IMMO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+96.3%), from €1.5m to €2.9m
of which Land and buildings: +€2.8m
- Cash -€89,754
down €89,754 (-99.7%), from €90,025 to €270
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€46,396)
- Other debts +€1.0m
up €1.0m (+196.6%), from €515,448 to €1.5m
- Debts after one year +€303,592
up €303,592 (+29.0%), from €1.0m to €1.4m
- Current portion of long-term debt +€85,712
new in 2025: €85,712
- Profit (loss) carried forward -€46,396
down €46,396 (-98.4%), from -€47,158 to -€93,554
- Gross operating margin +€42,716
up €42,716, from -€2,996 to €39,720
- Financial charges +€41,121
up €41,121 (+175.4%), from €23,438 to €64,559
- Depreciation +€21,157
new in 2025: €21,157
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 | €1,573,995 | €2,913,674 | +€1.3m | +85.1% |
| Fixed assets | 21/28 | €1,483,965 | €2,912,432 | +€1.4m | +96.3% |
| Tangible fixed assets | 22/27 | €1,483,965 | €2,912,432 | +€1.4m | +96.3% |
| Land and buildings | 22 | €121,987 | €2,882,571 | +€2.8m | +2263.0% |
| Plant, machinery and equipment | 23 | - | €29,861 | +€29,861 | |
| Assets under construction and advance payments | 27 | €1,361,977 | - | -€1.4m | |
| Current assets | 29/58 | €90,030 | €1,242 | -€88,788 | -98.6% |
| Cash at bank and in hand | 54/58 | €90,025 | €270 | -€89,754 | -99.7% |
| Deferred charges and accrued income | 490/1 | €5 | €972 | +€967 | +18100.0% |
| Total equity and liabilities | 10/49 | €1,573,995 | €2,913,674 | +€1.3m | +85.1% |
| Equity | 10/15 | -€7,158 | -€53,554 | -€46,396 | -648.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,158 | -€93,554 | -€46,396 | -98.4% |
| Amounts payable | 17/49 | €1,581,153 | €2,967,229 | +€1.4m | +87.7% |
| Amounts payable after more than one year | 17 | €1,048,647 | €1,352,239 | +€303,592 | +29.0% |
| Financial debts | 170/4 | €1,048,647 | €1,352,239 | +€303,592 | +29.0% |
| Amounts payable within one year | 42/48 | €532,506 | €1,614,989 | +€1.1m | +203.3% |
| Current portion of amounts payable after more than one year | 42 | - | €85,712 | +€85,712 | |
| Trade debts | 44 | €17,058 | €574 | -€16,484 | -96.6% |
| Suppliers | 440/4 | €17,058 | €574 | -€16,484 | -96.6% |
| Other amounts payable | 47/48 | €515,448 | €1,528,703 | +€1.0m | +196.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,157 | +€21,157 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,996 | €39,720 | +€42,716 | |
| Operating profit (loss) | 9901 | -€3,383 | €18,163 | +€21,547 | |
| Financial charges | 65/66B | €23,438 | €64,559 | +€41,121 | +175.4% |
| Recurring financial charges | 65 | €23,438 | €64,559 | +€41,121 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,822 | -€46,396 | -€19,574 | -73.0% |
| Profit (loss) for the period | 9904 | -€26,822 | -€46,396 | -€19,574 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,822 | -€46,396 | -€19,574 | -73.0% |
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 8 October 2026 via checked.be.