IMMO T.G.: 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 T.G.
Largest movements
- Tangible fixed assets -€52,211
down €52,211 (-7.5%), from €698,252 to €646,041
- Other debts -€49,910
down €49,910 (-29.0%), from €172,314 to €122,404
- Reserves +€43,189
up €43,189 (+13.7%), from €315,698 to €358,888
of which Distributable reserves: +€43,189
- Debts after one year -€25,136
down €25,136 (-19.5%), from €128,737 to €103,601
- Current portion of long-term debt -€18,927
down €18,927 (-43.0%), from €44,063 to €25,136
- Gross operating margin -€1,923
down €1,923 (-1.5%), from €129,573 to €127,650
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 | €761,350 | €706,000 | -€55,349 | -7.3% |
| Fixed assets | 21/28 | €698,252 | €646,041 | -€52,211 | -7.5% |
| Tangible fixed assets | 22/27 | €698,252 | €646,041 | -€52,211 | -7.5% |
| Land and buildings | 22 | €618,257 | €592,258 | -€25,999 | -4.2% |
| Plant, machinery and equipment | 23 | €44,283 | €24,245 | -€20,039 | -45.3% |
| Furniture and vehicles | 24 | - | €7,926 | +€7,926 | |
| Leasing and similar rights | 25 | €35,712 | €21,612 | -€14,100 | -39.5% |
| Current assets | 29/58 | €63,098 | €59,959 | -€3,138 | -5.0% |
| Cash at bank and in hand | 54/58 | €63,098 | €59,959 | -€3,138 | -5.0% |
| Total equity and liabilities | 10/49 | €761,350 | €706,000 | -€55,349 | -7.3% |
| Equity | 10/15 | €395,024 | €438,214 | +€43,189 | +10.9% |
| Contributions | 10/11 | €79,326 | €79,326 | = | 0.0% |
| Reserves | 13 | €315,698 | €358,888 | +€43,189 | +13.7% |
| Non-distributable reserves | 130/1 | €7,933 | €7,933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,933 | €7,933 | = | 0.0% |
| Distributable reserves | 133 | €307,766 | €350,955 | +€43,189 | +14.0% |
| Amounts payable | 17/49 | €366,325 | €267,786 | -€98,539 | -26.9% |
| Amounts payable after more than one year | 17 | €128,737 | €103,601 | -€25,136 | -19.5% |
| Financial debts | 170/4 | €128,737 | €103,601 | -€25,136 | -19.5% |
| Amounts payable within one year | 42/48 | €237,588 | €164,185 | -€73,403 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €44,063 | €25,136 | -€18,927 | -43.0% |
| Trade debts | 44 | €15,288 | €16,016 | +€728 | +4.8% |
| Suppliers | 440/4 | €15,288 | €16,016 | +€728 | +4.8% |
| Taxes, remuneration and social security | 45 | €5,923 | €629 | -€5,293 | -89.4% |
| Taxes | 450/3 | €5,923 | €629 | -€5,293 | -89.4% |
| Other amounts payable | 47/48 | €172,314 | €122,404 | -€49,910 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,400 | €61,052 | -€348 | -0.6% |
| Other operating charges | 640/8 | €1,217 | €1,218 | +€2 | +0.1% |
| Gross operating margin | 9900 | €129,573 | €127,650 | -€1,923 | -1.5% |
| Operating profit (loss) | 9901 | €66,956 | €65,380 | -€1,576 | -2.4% |
| Financial charges | 65/66B | €2,496 | €1,861 | -€635 | -25.4% |
| Recurring financial charges | 65 | €2,496 | €1,861 | -€635 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €64,460 | €63,519 | -€941 | -1.5% |
| Income taxes | 67/77 | €20,623 | €20,329 | -€293 | -1.4% |
| Profit (loss) for the period | 9904 | €43,837 | €43,189 | -€648 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,837 | €43,189 | -€648 | -1.5% |
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 11 October 2026 via checked.be.