IMMO TDS: 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 TDS
Largest movements
- Tangible fixed assets -€67,918
down €67,918 (-6.3%), from €1.1m to €1.0m
of which Land and buildings: -€67,731
- Cash +€19,771
up €19,771 (+127.4%), from €15,516 to €35,287
mainly Depreciation (+€67,918) and Net result for the year (+€25,915)
- Current investments +€15,605
up €15,605 (+104.0%), from €15,003 to €30,608
- Debts after one year -€77,414
down €77,414 (-8.8%), from €881,430 to €804,016
- Profit (loss) carried forward +€25,915
up €25,915 (+17.3%), from €149,879 to €175,795
- Gross operating margin +€10,950
up €10,950 (+8.6%), from €127,310 to €138,260
- Other operating charges +€2,534
up €2,534 (+38.8%), from €6,532 to €9,066
- Taxes +€2,262
up €2,262 (+27.8%), from €8,133 to €10,395
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 | €1,259,015 | €1,226,473 | -€32,542 | -2.6% |
| Fixed assets | 21/28 | €1,228,495 | €1,160,578 | -€67,918 | -5.5% |
| Tangible fixed assets | 22/27 | €1,078,495 | €1,010,578 | -€67,918 | -6.3% |
| Land and buildings | 22 | €1,077,018 | €1,009,287 | -€67,731 | -6.3% |
| Plant, machinery and equipment | 23 | €1,478 | €1,291 | -€187 | -12.6% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €30,520 | €65,895 | +€35,375 | +115.9% |
| Current investments | 50/53 | €15,003 | €30,608 | +€15,605 | +104.0% |
| Cash at bank and in hand | 54/58 | €15,516 | €35,287 | +€19,771 | +127.4% |
| Total equity and liabilities | 10/49 | €1,259,015 | €1,226,473 | -€32,542 | -2.6% |
| Equity | 10/15 | €158,239 | €184,155 | +€25,915 | +16.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,879 | €175,795 | +€25,915 | +17.3% |
| Amounts payable | 17/49 | €1,100,776 | €1,042,318 | -€58,458 | -5.3% |
| Amounts payable after more than one year | 17 | €881,430 | €804,016 | -€77,414 | -8.8% |
| Financial debts | 170/4 | €881,430 | €804,016 | -€77,414 | -8.8% |
| Amounts payable within one year | 42/48 | €208,155 | €216,160 | +€8,005 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €73,890 | €77,414 | +€3,524 | +4.8% |
| Trade debts | 44 | - | €1,819 | +€1,819 | |
| Suppliers | 440/4 | - | €1,819 | +€1,819 | |
| Taxes, remuneration and social security | 45 | €8,133 | €10,395 | +€2,262 | +27.8% |
| Taxes | 450/3 | €8,133 | €10,395 | +€2,262 | +27.8% |
| Other amounts payable | 47/48 | €126,132 | €126,533 | +€400 | +0.3% |
| Accrued charges and deferred income | 492/3 | €11,191 | €22,143 | +€10,951 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,918 | €67,918 | = | 0.0% |
| Other operating charges | 640/8 | €6,532 | €9,066 | +€2,534 | +38.8% |
| Gross operating margin | 9900 | €127,310 | €138,260 | +€10,950 | +8.6% |
| Operating profit (loss) | 9901 | €52,861 | €61,276 | +€8,415 | +15.9% |
| Financial income | 75/76B | €0 | €150 | +€150 | +498833.3% |
| Recurring financial income | 75 | €0 | €150 | +€150 | +498833.3% |
| Financial charges | 65/66B | €25,656 | €25,116 | -€540 | -2.1% |
| Recurring financial charges | 65 | €25,656 | €25,116 | -€540 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €27,205 | €36,310 | +€9,105 | +33.5% |
| Income taxes | 67/77 | €8,133 | €10,395 | +€2,262 | +27.8% |
| Profit (loss) for the period | 9904 | €19,072 | €25,915 | +€6,843 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,072 | €25,915 | +€6,843 | +35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.