Immo TDG: 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 TDG
Largest movements
- Tangible fixed assets -€130,733
down €130,733 (-8.6%), from €1.5m to €1.4m
of which Land and buildings: -€128,619
- Cash +€43,261
up €43,261 (+38.7%), from €111,804 to €155,065
mainly Depreciation (+€170,639) and Accrued charges and deferred income (+€43,213)
- Debts after one year -€148,154
down €148,154 (-9.1%), from €1.6m to €1.5m
of which Financial debts: -€148,154
- Accrued charges and deferred income +€43,213
up €43,213 (+238%), from €18,187 to €61,400
- Depreciation +€103,111
up €103,111 (+153%), from €67,528 to €170,639
- Financial charges +€21,600
up €21,600 (+183%), from €11,788 to €33,388
- Gross operating margin +€14,239
up €14,239 (+6.4%), from €221,575 to €235,813
- Other operating charges +€4,766
up €4,766 (+29.4%), from €16,202 to €20,968
- Taxes +€2,760
new in 2024: €2,760
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.
Derived cash bridge
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 | €1,644,178 | €1,552,961 | -€91,217 | -5.5% |
| Fixed assets | 21/28 | €1,524,283 | €1,393,550 | -€130,733 | -8.6% |
| Tangible fixed assets | 22/27 | €1,524,283 | €1,393,550 | -€130,733 | -8.6% |
| Land and buildings | 22 | €1,516,278 | €1,387,659 | -€128,619 | -8.5% |
| Plant, machinery and equipment | 23 | €8,006 | €5,891 | -€2,115 | -26.4% |
| Current assets | 29/58 | €119,894 | €159,411 | +€39,517 | +33.0% |
| Amounts receivable within one year | 40/41 | €1,382 | €62 | -€1,320 | -95.5% |
| Trade receivables | 40 | €1,320 | - | -€1,320 | |
| Other amounts receivable | 41 | €62 | €62 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,804 | €155,065 | +€43,261 | +38.7% |
| Deferred charges and accrued income | 490/1 | €6,709 | €4,284 | -€2,425 | -36.1% |
| Total equity and liabilities | 10/49 | €1,644,178 | €1,552,961 | -€91,217 | -5.5% |
| Equity | 10/15 | -€173,746 | -€165,466 | +€8,280 | +4.8% |
| Contributions | 10/11 | €118,429 | €118,429 | = | 0.0% |
| Capital | 10 | €118,429 | €118,429 | = | 0.0% |
| Issued capital | 100 | €118,429 | €118,429 | = | 0.0% |
| Reserves | 13 | €11,853 | €11,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,853 | €11,853 | = | 0.0% |
| Legal reserve | 130 | €11,853 | €11,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,029 | -€295,749 | +€8,280 | +2.7% |
| Amounts payable | 17/49 | €1,817,924 | €1,718,427 | -€99,497 | -5.5% |
| Amounts payable after more than one year | 17 | €1,634,349 | €1,486,195 | -€148,154 | -9.1% |
| Financial debts | 170/4 | €1,614,349 | €1,466,195 | -€148,154 | -9.2% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,388 | €170,832 | +€5,444 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €127,331 | €128,154 | +€823 | +0.6% |
| Trade debts | 44 | €2,198 | €1,165 | -€1,033 | -47.0% |
| Suppliers | 440/4 | €2,198 | €1,165 | -€1,033 | -47.0% |
| Taxes, remuneration and social security | 45 | - | €2,760 | +€2,760 | |
| Taxes | 450/3 | - | €2,760 | +€2,760 | |
| Other amounts payable | 47/48 | €35,860 | €38,753 | +€2,893 | +8.1% |
| Accrued charges and deferred income | 492/3 | €18,187 | €61,400 | +€43,213 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,528 | €170,639 | +€103,111 | +153% |
| Other operating charges | 640/8 | €16,202 | €20,968 | +€4,766 | +29.4% |
| Gross operating margin | 9900 | €221,575 | €235,813 | +€14,239 | +6.4% |
| Operating profit (loss) | 9901 | €137,845 | €44,206 | -€93,639 | -67.9% |
| Financial income | 75/76B | €207 | €222 | +€15 | +7.4% |
| Recurring financial income | 75 | €207 | €222 | +€15 | +7.4% |
| Financial charges | 65/66B | €11,788 | €33,388 | +€21,600 | +183% |
| Recurring financial charges | 65 | €11,788 | €33,388 | +€21,600 | +183% |
| Profit (loss) for the period before taxes | 9903 | €126,264 | €11,040 | -€115,224 | -91.3% |
| Income taxes | 67/77 | - | €2,760 | +€2,760 | |
| Profit (loss) for the period | 9904 | €126,264 | €8,280 | -€117,984 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,264 | €8,280 | -€117,984 | -93.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.