IMMO TDF: what changed
Two fiscal 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 TDF
Largest movements
- Receivables within one year -€185,020
down €185,020 (-88.7%), from €208,670 to €23,651
of which Trade receivables: -€185,814
- Cash +€30,179
up €30,179 (+1002.6%), from €3,010 to €33,189
mainly Receivables within one year (+€185,020) and Other debts (+€93,512)
- Tangible fixed assets -€26,261
down €26,261 (-2.3%), from €1.1m to €1.1m
of which Land and buildings: -€27,115
- Trade debts -€150,272
down €150,272 (-96.9%), from €155,139 to €4,867
- Debts after one year -€121,853
down €121,853 (-14.4%), from €847,357 to €725,503
- Other debts +€93,512
up €93,512 (+70.4%), from €132,744 to €226,256
- Turnover -€416,212
no longer reported in 2024 (was €416,212)
- Purchases and services -€326,668
no longer reported in 2024 (was €326,668)
- Financial charges +€11,860
up €11,860 (+54.6%), from €21,720 to €33,580
- Staff costs -€8,150
down €8,150 (-98.5%), from €8,276 to €126
- Gross operating margin -€5,731
down €5,731 (-6.4%), from €90,015 to €84,284
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,356,159 | €1,175,555 | -€180,604 | -13.3% |
| Fixed assets | 21/28 | €1,131,962 | €1,105,702 | -€26,261 | -2.3% |
| Tangible fixed assets | 22/27 | €1,131,962 | €1,105,702 | -€26,261 | -2.3% |
| Land and buildings | 22 | €1,129,487 | €1,102,373 | -€27,115 | -2.4% |
| Plant, machinery and equipment | 23 | €231 | €0 | -€231 | -100.0% |
| Furniture and vehicles | 24 | €2,243 | €3,329 | +€1,086 | +48.4% |
| Current assets | 29/58 | €224,196 | €69,853 | -€154,343 | -68.8% |
| Amounts receivable within one year | 40/41 | €208,670 | €23,651 | -€185,020 | -88.7% |
| Trade receivables | 40 | €208,670 | €22,857 | -€185,814 | -89.0% |
| Other amounts receivable | 41 | €0 | €794 | +€794 | |
| Cash at bank and in hand | 54/58 | €3,010 | €33,189 | +€30,179 | +1002.6% |
| Deferred charges and accrued income | 490/1 | €12,516 | €13,014 | +€498 | +4.0% |
| Total equity and liabilities | 10/49 | €1,356,159 | €1,175,555 | -€180,604 | -13.3% |
| Equity | 10/15 | €137,861 | €137,161 | -€701 | -0.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €273 | €273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €273 | €0 | -€273 | -100.0% |
| Reserves not available under the articles | 1311 | €273 | €0 | -€273 | -100.0% |
| Distributable reserves | 133 | - | €273 | +€273 | |
| Profit (loss) carried forward | 14 | €37,589 | €36,888 | -€701 | -1.9% |
| Amounts payable | 17/49 | €1,218,297 | €1,038,394 | -€179,903 | -14.8% |
| Amounts payable after more than one year | 17 | €847,357 | €725,503 | -€121,853 | -14.4% |
| Financial debts | 170/4 | €847,357 | €725,503 | -€121,853 | -14.4% |
| Amounts payable within one year | 42/48 | €370,806 | €311,210 | -€59,595 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €75,704 | €69,087 | -€6,618 | -8.7% |
| Trade debts | 44 | €155,139 | €4,867 | -€150,272 | -96.9% |
| Suppliers | 440/4 | €155,139 | €4,867 | -€150,272 | -96.9% |
| Taxes, remuneration and social security | 45 | €7,218 | €11,001 | +€3,782 | +52.4% |
| Taxes | 450/3 | €7,218 | €11,001 | +€3,782 | +52.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,744 | €226,256 | +€93,512 | +70.4% |
| Accrued charges and deferred income | 492/3 | €135 | €1,680 | +€1,545 | +1145.3% |
| Turnover | 70 | €416,212 | - | -€416,212 | |
| Non-recurring operating income | 76A | €361 | €0 | -€361 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €326,668 | - | -€326,668 | |
| Remuneration, social security and pensions | 62 | €8,276 | €126 | -€8,150 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,096 | €35,643 | -€1,453 | -3.9% |
| Other operating charges | 640/8 | €10,897 | €11,478 | +€581 | +5.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €90,015 | €84,284 | -€5,731 | -6.4% |
| Operating profit (loss) | 9901 | €33,746 | €37,036 | +€3,290 | +9.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €21,720 | €33,580 | +€11,860 | +54.6% |
| Recurring financial charges | 65 | €21,720 | €33,580 | +€11,860 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €12,027 | €3,457 | -€8,570 | -71.3% |
| Income taxes | 67/77 | €3,153 | €4,158 | +€1,005 | +31.9% |
| Profit (loss) for the period | 9904 | €8,874 | -€701 | -€9,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,874 | -€701 | -€9,574 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.