IMMO TEE PEE: 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 TEE PEE
Largest movements
- Current investments +€2.0m
up €2.0m (+805.4%), from €250,900 to €2.3m
- Cash +€40,508
up €40,508 (+348.9%), from €11,609 to €52,117
mainly Other debts (+€1.9m) and Net result for the year (+€174,288)
- Other debts +€1.9m
up €1.9m (+617.6%), from €304,576 to €2.2m
- Profit (loss) carried forward +€137,751
up €137,751, from -€137,751 to €0
- Reserves +€36,537
up €36,537 (+16.7%), from €219,013 to €255,550
of which Distributable reserves: +€36,537
- Gross operating margin +€291,029
up €291,029, from -€71,869 to €219,160
- Financial income +€49,047
up €49,047 (+5449.1%), from €900 to €49,947
of which Non-recurring financial income: +€26,107
- Depreciation +€19,553
up €19,553 (+36.3%), from €53,806 to €73,359
- Taxes +€12,782
up €12,782 (+1639.0%), from €780 to €13,562
- Other operating charges -€6,709
down €6,709 (-53.1%), from €12,631 to €5,922
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 | €408,565 | €2,491,651 | +€2.1m | +509.9% |
| Fixed assets | 21/28 | €138,707 | €155,957 | +€17,250 | +12.4% |
| Tangible fixed assets | 22/27 | €138,707 | €155,957 | +€17,250 | +12.4% |
| Land and buildings | 22 | €127,678 | €96,469 | -€31,210 | -24.4% |
| Plant, machinery and equipment | 23 | €1,110 | €1,957 | +€847 | +76.4% |
| Furniture and vehicles | 24 | €9,919 | €57,531 | +€47,612 | +480.0% |
| Current assets | 29/58 | €269,859 | €2,335,694 | +€2.1m | +765.5% |
| Amounts receivable within one year | 40/41 | €6,248 | €9,736 | +€3,488 | +55.8% |
| Trade receivables | 40 | €4,297 | €9,736 | +€5,440 | +126.6% |
| Other amounts receivable | 41 | €1,952 | €0 | -€1,952 | -100.0% |
| Current investments | 50/53 | €250,900 | €2,271,748 | +€2.0m | +805.4% |
| Cash at bank and in hand | 54/58 | €11,609 | €52,117 | +€40,508 | +348.9% |
| Deferred charges and accrued income | 490/1 | €1,101 | €2,094 | +€992 | +90.1% |
| Total equity and liabilities | 10/49 | €408,565 | €2,491,651 | +€2.1m | +509.9% |
| Equity | 10/15 | €96,262 | €270,550 | +€174,288 | +181.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €219,013 | €255,550 | +€36,537 | +16.7% |
| Tax-exempt reserves | 132 | €297 | €297 | = | 0.0% |
| Distributable reserves | 133 | €218,716 | €255,253 | +€36,537 | +16.7% |
| Profit (loss) carried forward | 14 | -€137,751 | €0 | +€137,751 | |
| Amounts payable | 17/49 | €312,303 | €2,221,101 | +€1.9m | +611.2% |
| Amounts payable within one year | 42/48 | €312,303 | €2,221,101 | +€1.9m | +611.2% |
| Trade debts | 44 | €5,754 | €18,578 | +€12,824 | +222.9% |
| Suppliers | 440/4 | €5,754 | €18,578 | +€12,824 | +222.9% |
| Taxes, remuneration and social security | 45 | €1,973 | €16,956 | +€14,983 | +759.4% |
| Taxes | 450/3 | €1,973 | €16,956 | +€14,983 | +759.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €304,576 | €2,185,567 | +€1.9m | +617.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,806 | €73,359 | +€19,553 | +36.3% |
| Other operating charges | 640/8 | €12,631 | €5,922 | -€6,709 | -53.1% |
| Gross operating margin | 9900 | -€71,869 | €219,160 | +€291,029 | |
| Operating profit (loss) | 9901 | -€138,306 | €139,879 | +€278,185 | |
| Financial income | 75/76B | €900 | €49,947 | +€49,047 | +5449.1% |
| Recurring financial income | 75 | €900 | €23,839 | +€22,939 | +2548.5% |
| Non-recurring financial income | 76B | - | €26,107 | +€26,107 | |
| Financial charges | 65/66B | -€435 | €1,975 | +€2,410 | |
| Recurring financial charges | 65 | -€435 | €1,975 | +€2,410 | |
| Profit (loss) for the period before taxes | 9903 | -€136,971 | €187,850 | +€324,821 | |
| Income taxes | 67/77 | €780 | €13,562 | +€12,782 | +1639.0% |
| Profit (loss) for the period | 9904 | -€137,751 | €174,288 | +€312,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,751 | €174,288 | +€312,039 |
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 7 October 2026 via checked.be.