IMMO TER DUIN: 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 TER DUIN
Largest movements
- Cash +€34,658
up €34,658 (+54.4%), from €63,682 to €98,340
mainly Depreciation (+€99,342) and Debts after one year (+€51,051)
- Tangible fixed assets +€34,067
up €34,067 (+3.1%), from €1.1m to €1.1m
of which Land and buildings: +€26,516
- Debts after one year +€51,051
up €51,051 (+9.5%), from €536,438 to €587,489
- Other debts +€35,870
up €35,870 (+90.8%), from €39,510 to €75,380
- Reserves -€21,511
down €21,511 (-5.5%), from €393,808 to €372,296
of which Distributable reserves: -€17,197
- Advances received +€21,123
up €21,123 (+177%), from €11,914 to €33,038
- Tax, wage and social debts -€12,959
down €12,959 (-42.8%), from €30,256 to €17,297
of which Taxes: -€12,440
- Depreciation +€23,675
up €23,675 (+31.3%), from €75,667 to €99,342
- Taxes -€5,613
down €5,613 (-23.4%), from €23,960 to €18,347
- Gross operating margin +€2,902
up €2,902 (+1.3%), from €232,084 to €234,987
- Financial charges +€2,584
up €2,584 (+12.9%), from €20,067 to €22,651
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.
Derived cash bridge
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 | €1,168,596 | €1,235,025 | +€66,429 | +5.7% |
| Fixed assets | 21/28 | €1,100,964 | €1,135,032 | +€34,067 | +3.1% |
| Tangible fixed assets | 22/27 | €1,100,914 | €1,134,982 | +€34,067 | +3.1% |
| Land and buildings | 22 | €966,605 | €993,121 | +€26,516 | +2.7% |
| Plant, machinery and equipment | 23 | €111,514 | €128,781 | +€17,267 | +15.5% |
| Furniture and vehicles | 24 | €22,796 | €13,080 | -€9,716 | -42.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €67,632 | €99,993 | +€32,361 | +47.8% |
| Amounts receivable within one year | 40/41 | €3,950 | €1,653 | -€2,296 | -58.1% |
| Trade receivables | 40 | €3,950 | €0 | -€3,950 | -100% |
| Other amounts receivable | 41 | - | €1,653 | +€1,653 | |
| Cash at bank and in hand | 54/58 | €63,682 | €98,340 | +€34,658 | +54.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,168,596 | €1,235,025 | +€66,429 | +5.7% |
| Equity | 10/15 | €439,608 | €418,096 | -€21,511 | -4.9% |
| Contributions | 10/11 | €45,800 | €45,800 | = | 0.0% |
| Reserves | 13 | €393,808 | €372,296 | -€21,511 | -5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €81,983 | €77,668 | -€4,315 | -5.3% |
| Distributable reserves | 133 | €311,825 | €294,629 | -€17,197 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €20,506 | €19,429 | -€1,077 | -5.3% |
| Provisions for liabilities and charges | 160/5 | €20,506 | €19,429 | -€1,077 | -5.3% |
| Taxes | 161 | €20,506 | €19,429 | -€1,077 | -5.3% |
| Amounts payable | 17/49 | €708,483 | €797,499 | +€89,017 | +12.6% |
| Amounts payable after more than one year | 17 | €536,438 | €587,489 | +€51,051 | +9.5% |
| Financial debts | 170/4 | €536,438 | €587,489 | +€51,051 | +9.5% |
| Amounts payable within one year | 42/48 | €172,045 | €210,010 | +€37,965 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €77,502 | €79,845 | +€2,343 | +3.0% |
| Trade debts | 44 | €12,863 | €4,452 | -€8,412 | -65.4% |
| Suppliers | 440/4 | €12,863 | €4,452 | -€8,412 | -65.4% |
| Advances received on contracts in progress | 46 | €11,914 | €33,038 | +€21,123 | +177% |
| Taxes, remuneration and social security | 45 | €30,256 | €17,297 | -€12,959 | -42.8% |
| Taxes | 450/3 | €25,427 | €12,987 | -€12,440 | -48.9% |
| Remuneration and social security | 454/9 | €4,828 | €4,309 | -€519 | -10.7% |
| Other amounts payable | 47/48 | €39,510 | €75,380 | +€35,870 | +90.8% |
| Non-recurring operating income | 76A | €21 | €0 | -€21 | -100% |
| Remuneration, social security and pensions | 62 | €23,957 | €21,939 | -€2,018 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,667 | €99,342 | +€23,675 | +31.3% |
| Other operating charges | 640/8 | €26,384 | €27,064 | +€680 | +2.6% |
| Gross operating margin | 9900 | €232,084 | €234,987 | +€2,902 | +1.3% |
| Operating profit (loss) | 9901 | €106,076 | €86,641 | -€19,435 | -18.3% |
| Financial income | 75/76B | €600 | €638 | +€38 | +6.4% |
| Recurring financial income | 75 | €600 | €638 | +€38 | +6.4% |
| Financial charges | 65/66B | €20,067 | €22,651 | +€2,584 | +12.9% |
| Recurring financial charges | 65 | €20,067 | €22,651 | +€2,584 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €86,609 | €64,629 | -€21,981 | -25.4% |
| Transfer from deferred taxes | 780 | €1,077 | €1,077 | = | 0.0% |
| Income taxes | 67/77 | €23,960 | €18,347 | -€5,613 | -23.4% |
| Profit (loss) for the period | 9904 | €63,726 | €47,359 | -€16,367 | -25.7% |
| Transfer from tax-exempt reserves | 789 | €4,315 | €4,315 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,041 | €51,673 | -€16,367 | -24.1% |
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 20 October 2026 via checked.be.