Immo T & W: 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.
What changed
Immo T & W
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€886,977
2024 · €275,074+€611,902
Equity
€961,762
2024 · €74,785+€886,977
Cash
€3,154
2024 · €16,460-€13,306
Balance sheet total
€1.6m
2024 · €445,936+€1.1m
Largest movements
Assets
- Financial fixed assets +€1.3m
new in 2025: €1.3m
- Receivables within one year -€204,432
down €204,432 (-59.3%), from €344,664 to €140,232
of which Other amounts receivable: -€185,679
- Tangible fixed assets -€76,812
down €76,812 (-90.6%), from €84,812 to €8,000
- Deferred charges and accrued income +€69,825
new in 2025: €69,825
Equity and liabilities
- Reserves +€656,810
up €656,810 (+269%), from €244,029 to €900,839
of which Tax-exempt reserves: +€656,810
- Profit (loss) carried forward +€230,167
up €230,167 (+98.1%), from -€234,724 to -€4,556
- Provisions +€218,937
up €218,937 (+279%), from €78,477 to €297,414
- Other debts +€33,098
up €33,098 (+1,052%), from €3,146 to €36,244
Income statement
- Gross operating margin +€690,850
up €690,850 (+199%), from €348,008 to €1.0m
- Financial income +€59,721
up €59,721 (+499%), from €11,970 to €71,691
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.
Result 2024
€275,074
Gross operating margin
+€690,850
Staff costs
-€3,187
Depreciation
+€4,129
Other operating charges
+€946
Financial income
+€59,721
Financial charges
-€97
Deferred taxes and other
-€140,459
Result 2025
€886,977
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€1.3m
Financing
-€5,000
Cash 2024
€16,460
From operations (derived)
+€1.3m
Net result for the year
+€886,977
Receivables within one year
+€204,432
Deferred charges and accrued income
-€69,825
Provisions
+€218,937
Trade debts
-€9,180
Smaller working-capital items
-€484
Other debts
+€33,098
Accrued charges and deferred income
-€3,705
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€5,000
Debts after one year
-€5,000
Cash 2025
€3,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,936 | €1,566,578 | +€1.1m | +251% |
| Fixed assets | 21/28 | €84,812 | €1,353,367 | +€1.3m | +1,496% |
| Tangible fixed assets | 22/27 | €84,812 | €8,000 | -€76,812 | -90.6% |
| Land and buildings | 22 | €84,812 | €8,000 | -€76,812 | -90.6% |
| Financial fixed assets | 28 | - | €1,345,367 | +€1.3m | |
| Current assets | 29/58 | €361,124 | €213,211 | -€147,913 | -41.0% |
| Amounts receivable within one year | 40/41 | €344,664 | €140,232 | -€204,432 | -59.3% |
| Trade receivables | 40 | €23,592 | €4,840 | -€18,752 | -79.5% |
| Other amounts receivable | 41 | €321,072 | €135,392 | -€185,679 | -57.8% |
| Cash at bank and in hand | 54/58 | €16,460 | €3,154 | -€13,306 | -80.8% |
| Deferred charges and accrued income | 490/1 | - | €69,825 | +€69,825 | |
| Total equity and liabilities | 10/49 | €445,936 | €1,566,578 | +€1.1m | +251% |
| Equity | 10/15 | €74,785 | €961,762 | +€886,977 | +1,186% |
| Contributions | 10/11 | €65,480 | €65,480 | = | 0.0% |
| Capital | 10 | €65,480 | €65,480 | = | 0.0% |
| Issued capital | 100 | €65,480 | €65,480 | = | 0.0% |
| Reserves | 13 | €244,029 | €900,839 | +€656,810 | +269% |
| Non-distributable reserves | 130/1 | €8,269 | €8,269 | = | 0.0% |
| Legal reserve | 130 | €8,269 | €8,269 | = | 0.0% |
| Tax-exempt reserves | 132 | €235,432 | €892,242 | +€656,810 | +279% |
| Distributable reserves | 133 | €328 | €328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,724 | -€4,556 | +€230,167 | +98.1% |
| Provisions and deferred taxes | 16 | €78,477 | €297,414 | +€218,937 | +279% |
| Deferred taxes | 168 | €78,477 | €297,414 | +€218,937 | +279% |
| Amounts payable | 17/49 | €292,673 | €307,402 | +€14,729 | +5.0% |
| Amounts payable after more than one year | 17 | €270,000 | €265,000 | -€5,000 | -1.9% |
| Financial debts | 170/4 | €270,000 | €265,000 | -€5,000 | -1.9% |
| Amounts payable within one year | 42/48 | €18,968 | €42,402 | +€23,434 | +124% |
| Trade debts | 44 | €11,548 | €2,369 | -€9,180 | -79.5% |
| Suppliers | 440/4 | €11,548 | €2,369 | -€9,180 | -79.5% |
| Advances received on contracts in progress | 46 | €925 | €0 | -€925 | -100% |
| Taxes, remuneration and social security | 45 | €3,349 | €3,790 | +€441 | +13.2% |
| Taxes | 450/3 | €3,349 | €2,589 | -€760 | -22.7% |
| Remuneration and social security | 454/9 | - | €1,201 | +€1,201 | |
| Other amounts payable | 47/48 | €3,146 | €36,244 | +€33,098 | +1,052% |
| Accrued charges and deferred income | 492/3 | €3,705 | €0 | -€3,705 | -100% |
| Non-recurring operating income | 76A | €314,464 | €883,688 | +€569,224 | +181% |
| Remuneration, social security and pensions | 62 | - | €3,187 | +€3,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,129 | €0 | -€4,129 | -100% |
| Other operating charges | 640/8 | €2,129 | €1,184 | -€946 | -44.4% |
| Gross operating margin | 9900 | €348,008 | €1,038,858 | +€690,850 | +199% |
| Operating profit (loss) | 9901 | €341,750 | €1,034,487 | +€692,737 | +203% |
| Financial income | 75/76B | €11,970 | €71,691 | +€59,721 | +499% |
| Recurring financial income | 75 | €11,970 | €71,691 | +€59,721 | +499% |
| Financial charges | 65/66B | €168 | €265 | +€97 | +57.7% |
| Recurring financial charges | 65 | €168 | €265 | +€97 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €353,552 | €1,105,913 | +€752,361 | +213% |
| Transfer to deferred taxes | 680 | €78,477 | €218,937 | +€140,459 | +179% |
| Profit (loss) for the period | 9904 | €275,074 | €886,977 | +€611,902 | +222% |
| Transfer to tax-exempt reserves | 689 | €235,432 | €656,810 | +€421,377 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €39,642 | €230,167 | +€190,525 | +481% |
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 18 October 2026 via checked.be.