IMMO DE TARTAS: 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.
IMMO DE TARTAS
Largest movements
- Cash -€137,772
down €137,772 (-94.0%), from €146,643 to €8,871
mainly Debts after one year (-€79,629) and Short-term financial debts (-€70,796)
- Tangible fixed assets -€37,577
down €37,577 (-2.5%), from €1.5m to €1.5m
of which Land and buildings: -€37,577
- Debts after one year -€79,629
down €79,629 (-9.2%), from €864,430 to €784,802
- Short-term financial debts -€70,796
down €70,796 (-26.2%), from €270,000 to €199,205
- Gross operating margin -€125,058
down €125,058 (-60.0%), from €208,389 to €83,331
- Financial charges -€23,712
down €23,712 (-33.3%), from €71,231 to €47,520
- Depreciation +€12,034
up €12,034 (+25.9%), from €46,541 to €58,574
- Taxes -€4,130
down €4,130 (-100%), from €4,130 to €0
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 | €1,722,491 | €1,531,680 | -€190,811 | -11.1% |
| Fixed assets | 21/28 | €1,494,873 | €1,457,296 | -€37,577 | -2.5% |
| Tangible fixed assets | 22/27 | €1,494,873 | €1,457,296 | -€37,577 | -2.5% |
| Land and buildings | 22 | €1,489,873 | €1,452,296 | -€37,577 | -2.5% |
| Furniture and vehicles | 24 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €227,618 | €74,384 | -€153,234 | -67.3% |
| Amounts receivable within one year | 40/41 | €78,200 | €65,250 | -€12,950 | -16.6% |
| Trade receivables | 40 | €78,200 | €65,250 | -€12,950 | -16.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €146,643 | €8,871 | -€137,772 | -94.0% |
| Deferred charges and accrued income | 490/1 | €2,775 | €263 | -€2,512 | -90.5% |
| Total equity and liabilities | 10/49 | €1,722,491 | €1,531,680 | -€190,811 | -11.1% |
| Equity | 10/15 | €406,326 | €382,393 | -€23,934 | -5.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €365,414 | €353,774 | -€11,640 | -3.2% |
| Tax-exempt reserves | 132 | €365,414 | €353,774 | -€11,640 | -3.2% |
| Profit (loss) carried forward | 14 | €10,912 | -€1,382 | -€12,294 | |
| Provisions and deferred taxes | 16 | €121,805 | €117,925 | -€3,880 | -3.2% |
| Deferred taxes | 168 | €121,805 | €117,925 | -€3,880 | -3.2% |
| Amounts payable | 17/49 | €1,194,360 | €1,031,362 | -€162,997 | -13.6% |
| Amounts payable after more than one year | 17 | €864,430 | €784,802 | -€79,629 | -9.2% |
| Financial debts | 170/4 | €864,430 | €784,802 | -€79,629 | -9.2% |
| Amounts payable within one year | 42/48 | €329,929 | €241,204 | -€88,725 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €33,437 | €33,986 | +€550 | +1.6% |
| Financial debts | 43 | €270,000 | €199,205 | -€70,796 | -26.2% |
| Credit institutions | 430/8 | €270,000 | €199,205 | -€70,796 | -26.2% |
| Trade debts | 44 | €4,125 | €410 | -€3,715 | -90.1% |
| Suppliers | 440/4 | €4,125 | €410 | -€3,715 | -90.1% |
| Taxes, remuneration and social security | 45 | €4,130 | €4,085 | -€45 | -1.1% |
| Taxes | 450/3 | €4,130 | €4,085 | -€45 | -1.1% |
| Other amounts payable | 47/48 | €18,237 | €3,518 | -€14,719 | -80.7% |
| Accrued charges and deferred income | 492/3 | €0 | €5,356 | +€5,356 | |
| Non-recurring operating income | 76A | €158,437 | €0 | -€158,437 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,541 | €58,574 | +€12,034 | +25.9% |
| Other operating charges | 640/8 | €4,255 | €5,051 | +€796 | +18.7% |
| Gross operating margin | 9900 | €208,389 | €83,331 | -€125,058 | -60.0% |
| Operating profit (loss) | 9901 | €157,593 | €19,706 | -€137,888 | -87.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €71,231 | €47,520 | -€23,712 | -33.3% |
| Recurring financial charges | 65 | €71,231 | €47,520 | -€23,712 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €86,362 | -€27,814 | -€114,176 | |
| Transfer from deferred taxes | 780 | €15,520 | €15,520 | = | 0.0% |
| Income taxes | 67/77 | €4,130 | €0 | -€4,130 | -100% |
| Profit (loss) for the period | 9904 | €97,752 | -€12,294 | -€110,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,752 | -€12,294 | -€110,046 |
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 29 October 2026 via checked.be.