FONCIERE TALBELIMMO: what changed
Two financial 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.
FONCIERE TALBELIMMO
Largest movements
- Stocks and contracts +€1.7m
new in 2025: €1.7m
- Receivables within one year +€327,953
up €327,953 (+27,329%), from €1,200 to €329,153
of which Other amounts receivable: +€327,953
- Tangible fixed assets -€256,165
down €256,165 (-6.0%), from €4.3m to €4.0m
- Short-term financial debts +€1.4m
new in 2025: €1.4m
- Debts after one year +€601,472
up €601,472 (+17.2%), from €3.5m to €4.1m
of which Financial debts: +€565,395
- Profit (loss) carried forward -€228,493
down €228,493 (-46.5%), from -€491,693 to -€720,187
- Gross operating margin +€119,049
up €119,049 (+203%), from €58,660 to €177,710
- Financial charges +€34,946
up €34,946 (+40.4%), from €86,596 to €121,541
- Depreciation -€10,530
down €10,530 (-3.8%), from €276,997 to €266,467
- Other operating charges +€6,894
up €6,894 (+61.0%), from €11,300 to €18,194
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.
Derived cash bridge
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 | €4,329,567 | €6,179,500 | +€1.8m | +42.7% |
| Fixed assets | 21/28 | €4,295,080 | €4,038,915 | -€256,165 | -6.0% |
| Tangible fixed assets | 22/27 | €4,295,080 | €4,038,915 | -€256,165 | -6.0% |
| Land and buildings | 22 | €4,295,080 | €4,038,915 | -€256,165 | -6.0% |
| Current assets | 29/58 | €34,487 | €2,140,584 | +€2.1m | +6,107% |
| Stocks and contracts in progress | 3 | - | €1,739,081 | +€1.7m | |
| Stocks | 30/36 | - | €1,739,081 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €1,200 | €329,153 | +€327,953 | +27,329% |
| Trade receivables | 40 | €1,200 | €1,200 | = | 0.0% |
| Other amounts receivable | 41 | - | €327,953 | +€327,953 | |
| Cash at bank and in hand | 54/58 | €32,632 | €72,350 | +€39,718 | +122% |
| Deferred charges and accrued income | 490/1 | €654 | - | -€654 | |
| Total equity and liabilities | 10/49 | €4,329,567 | €6,179,500 | +€1.8m | +42.7% |
| Equity | 10/15 | €408,307 | €179,813 | -€228,493 | -56.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€491,693 | -€720,187 | -€228,493 | -46.5% |
| Amounts payable | 17/49 | €3,921,260 | €5,999,686 | +€2.1m | +53.0% |
| Amounts payable after more than one year | 17 | €3,502,166 | €4,103,638 | +€601,472 | +17.2% |
| Financial debts | 170/4 | €2,268,319 | €2,833,714 | +€565,395 | +24.9% |
| Other amounts payable | 178/9 | €1,233,846 | €1,269,923 | +€36,077 | +2.9% |
| Amounts payable within one year | 42/48 | €413,245 | €1,896,048 | +€1.5m | +359% |
| Current portion of amounts payable after more than one year | 42 | €93,577 | €95,211 | +€1,633 | +1.7% |
| Financial debts | 43 | - | €1,428,000 | +€1.4m | |
| Credit institutions | 430/8 | - | €1,428,000 | +€1.4m | |
| Trade debts | 44 | €6,784 | €6,299 | -€485 | -7.2% |
| Suppliers | 440/4 | €6,784 | €6,299 | -€485 | -7.2% |
| Taxes, remuneration and social security | 45 | €9,130 | €18,955 | +€9,825 | +108% |
| Taxes | 450/3 | €9,130 | €18,955 | +€9,825 | +108% |
| Other amounts payable | 47/48 | €303,753 | €347,584 | +€43,831 | +14.4% |
| Accrued charges and deferred income | 492/3 | €5,849 | - | -€5,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,997 | €266,467 | -€10,530 | -3.8% |
| Other operating charges | 640/8 | €11,300 | €18,194 | +€6,894 | +61.0% |
| Gross operating margin | 9900 | €58,660 | €177,710 | +€119,049 | +203% |
| Operating profit (loss) | 9901 | -€229,637 | -€106,952 | +€122,685 | +53.4% |
| Financial charges | 65/66B | €86,596 | €121,541 | +€34,946 | +40.4% |
| Recurring financial charges | 65 | €86,596 | €121,541 | +€34,946 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€316,232 | -€228,493 | +€87,739 | +27.7% |
| Profit (loss) for the period | 9904 | -€316,232 | -€228,493 | +€87,739 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,232 | -€228,493 | +€87,739 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.