IMMO TAAC: 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 TAAC
Largest movements
- Tangible fixed assets +€370,049
up €370,049 (+42.9%), from €863,581 to €1.2m
- Cash -€16,840
down €16,840 (-66.4%), from €25,357 to €8,517
mainly Investment in fixed assets (net) (-€443,884) and Net result for the year (-€20,844)
- Debts after one year +€292,535
up €292,535 (+40.3%), from €726,016 to €1.0m
- Other debts +€65,000
up €65,000 (+51.2%), from €126,931 to €191,931
- Profit (loss) carried forward -€20,844
down €20,844 (-185%), from -€11,258 to -€32,102
- Depreciation +€45,510
up €45,510 (+161%), from €28,325 to €73,835
- Financial charges +€7,247
up €7,247 (+45.8%), from €15,819 to €23,065
- Write-downs +€5,027
new in 2025: €5,027
- Gross operating margin -€4,654
down €4,654 (-5.2%), from €89,434 to €84,781
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 | €890,987 | €1,243,431 | +€352,443 | +39.6% |
| Fixed assets | 21/28 | €863,581 | €1,233,630 | +€370,049 | +42.9% |
| Tangible fixed assets | 22/27 | €863,581 | €1,233,630 | +€370,049 | +42.9% |
| Land and buildings | 22 | €863,581 | €1,233,630 | +€370,049 | +42.9% |
| Current assets | 29/58 | €27,407 | €9,801 | -€17,606 | -64.2% |
| Amounts receivable within one year | 40/41 | €841 | €0 | -€841 | -100% |
| Trade receivables | 40 | €841 | €0 | -€841 | -100% |
| Cash at bank and in hand | 54/58 | €25,357 | €8,517 | -€16,840 | -66.4% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,284 | +€75 | +6.2% |
| Total equity and liabilities | 10/49 | €890,987 | €1,243,431 | +€352,443 | +39.6% |
| Equity | 10/15 | -€8,258 | -€29,102 | -€20,844 | -252% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,258 | -€32,102 | -€20,844 | -185% |
| Amounts payable | 17/49 | €899,245 | €1,272,532 | +€373,287 | +41.5% |
| Amounts payable after more than one year | 17 | €726,016 | €1,018,551 | +€292,535 | +40.3% |
| Financial debts | 170/4 | €726,016 | €1,018,551 | +€292,535 | +40.3% |
| Amounts payable within one year | 42/48 | €170,092 | €249,949 | +€79,857 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €43,113 | €53,010 | +€9,897 | +23.0% |
| Trade debts | 44 | €48 | €5,008 | +€4,960 | +10,333% |
| Suppliers | 440/4 | €48 | €5,008 | +€4,960 | +10,333% |
| Other amounts payable | 47/48 | €126,931 | €191,931 | +€65,000 | +51.2% |
| Accrued charges and deferred income | 492/3 | €3,138 | €4,033 | +€896 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,325 | €73,835 | +€45,510 | +161% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,027 | +€5,027 | |
| Other operating charges | 640/8 | €3,660 | €3,697 | +€37 | +1.0% |
| Gross operating margin | 9900 | €89,434 | €84,781 | -€4,654 | -5.2% |
| Operating profit (loss) | 9901 | €57,449 | €2,222 | -€55,228 | -96.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €15,819 | €23,065 | +€7,247 | +45.8% |
| Recurring financial charges | 65 | €15,819 | €23,065 | +€7,247 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €41,630 | -€20,844 | -€62,474 | |
| Profit (loss) for the period | 9904 | €41,630 | -€20,844 | -€62,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,630 | -€20,844 | -€62,474 |
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 14 October 2026 via checked.be.