IMMO TBS: 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 TBS
Largest movements
- Tangible fixed assets -€71,705
down €71,705 (-5.9%), from €1.2m to €1.1m
of which Land and buildings: -€70,322
- Receivables within one year -€52,779
down €52,779 (-100.0%), from €52,803 to €24
of which Other amounts receivable: -€52,779
- Cash +€29,150
up €29,150 (+594.4%), from €4,904 to €34,054
mainly Depreciation (+€71,705) and Receivables within one year (+€52,779)
- Debts after one year -€122,030
down €122,030 (-12.3%), from €994,889 to €872,859
of which Financial debts: -€77,030
- Other debts +€30,239
up €30,239 (+45.8%), from €65,964 to €96,202
- Gross operating margin -€38,355
down €38,355 (-28.5%), from €134,437 to €96,082
- Taxes -€9,098
down €9,098 (-82.1%), from €11,077 to €1,978
- Financial charges -€2,256
down €2,256 (-12.1%), from €18,723 to €16,467
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 | €1,276,104 | €1,190,771 | -€85,333 | -6.7% |
| Fixed assets | 21/28 | €1,218,398 | €1,146,693 | -€71,705 | -5.9% |
| Tangible fixed assets | 22/27 | €1,218,398 | €1,146,693 | -€71,705 | -5.9% |
| Land and buildings | 22 | €1,208,567 | €1,138,245 | -€70,322 | -5.8% |
| Plant, machinery and equipment | 23 | €9,831 | €8,449 | -€1,383 | -14.1% |
| Current assets | 29/58 | €57,706 | €44,077 | -€13,629 | -23.6% |
| Amounts receivable within one year | 40/41 | €52,803 | €24 | -€52,779 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €52,803 | €24 | -€52,779 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,904 | €34,054 | +€29,150 | +594.4% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €1,276,104 | €1,190,771 | -€85,333 | -6.7% |
| Equity | 10/15 | €130,726 | €136,573 | +€5,847 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,326 | €124,173 | +€5,847 | +4.9% |
| Amounts payable | 17/49 | €1,145,378 | €1,054,198 | -€91,181 | -8.0% |
| Amounts payable after more than one year | 17 | €994,889 | €872,859 | -€122,030 | -12.3% |
| Financial debts | 170/4 | €949,889 | €872,859 | -€77,030 | -8.1% |
| Other amounts payable | 178/9 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts payable within one year | 42/48 | €142,837 | €173,686 | +€30,849 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €75,796 | €77,030 | +€1,234 | +1.6% |
| Trade debts | 44 | €0 | €454 | +€454 | |
| Suppliers | 440/4 | €0 | €454 | +€454 | |
| Taxes, remuneration and social security | 45 | €1,077 | €0 | -€1,077 | -100.0% |
| Taxes | 450/3 | €1,077 | €0 | -€1,077 | -100.0% |
| Other amounts payable | 47/48 | €65,964 | €96,202 | +€30,239 | +45.8% |
| Accrued charges and deferred income | 492/3 | €7,653 | €7,653 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,705 | €71,705 | = | 0.0% |
| Other operating charges | 640/8 | €84 | €84 | = | 0.0% |
| Gross operating margin | 9900 | €134,437 | €96,082 | -€38,355 | -28.5% |
| Operating profit (loss) | 9901 | €62,648 | €24,293 | -€38,355 | -61.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,723 | €16,467 | -€2,256 | -12.1% |
| Recurring financial charges | 65 | €18,723 | €16,467 | -€2,256 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €43,924 | €7,826 | -€36,099 | -82.2% |
| Income taxes | 67/77 | €11,077 | €1,978 | -€9,098 | -82.1% |
| Profit (loss) for the period | 9904 | €32,848 | €5,847 | -€27,000 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,848 | €5,847 | -€27,000 | -82.2% |
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 9 October 2026 via checked.be.