IMMO TERAL: 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 TERAL
Largest movements
- Tangible fixed assets -€225,202
down €225,202 (-4.0%), from €5.7m to €5.5m
of which Land and buildings: -€208,105
- Debts after one year -€221,666
down €221,666 (-4.0%), from €5.5m to €5.3m
- Profit (loss) carried forward -€183,087
down €183,087 (-12.5%), from -€1.5m to -€1.6m
- Accrued charges and deferred income +€117,613
up €117,613 (+28.6%), from €411,860 to €529,473
- Other debts +€109,212
up €109,212 (+31.2%), from €350,344 to €459,556
- Gross operating margin +€83,474
up €83,474 (+73.9%), from €112,963 to €196,438
- Financial charges +€75,636
up €75,636 (+106.7%), from €70,909 to €146,546
- Other operating charges +€3,531
up €3,531 (+44.3%), from €7,967 to €11,497
- Financial income +€3,075
up €3,075 (+30748400.0%), from €0 to €3,075
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 | €5,858,283 | €5,693,462 | -€164,821 | -2.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,794,291 | €5,617,504 | -€176,787 | -3.1% |
| Tangible fixed assets | 22/27 | €5,683,409 | €5,458,208 | -€225,202 | -4.0% |
| Land and buildings | 22 | €5,628,490 | €5,420,385 | -€208,105 | -3.7% |
| Plant, machinery and equipment | 23 | €46,466 | €29,370 | -€17,097 | -36.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €8,453 | €8,453 | = | 0.0% |
| Financial fixed assets | 28 | €110,881 | €159,296 | +€48,415 | +43.7% |
| Current assets | 29/58 | €63,992 | €75,958 | +€11,966 | +18.7% |
| Amounts receivable within one year | 40/41 | €22,230 | €56,259 | +€34,029 | +153.1% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €22,230 | €52,259 | +€30,029 | +135.1% |
| Cash at bank and in hand | 54/58 | €34,628 | €11,602 | -€23,026 | -66.5% |
| Deferred charges and accrued income | 490/1 | €7,134 | €8,097 | +€963 | +13.5% |
| Total equity and liabilities | 10/49 | €5,858,283 | €5,693,462 | -€164,821 | -2.8% |
| Equity | 10/15 | -€642,210 | -€831,447 | -€189,237 | -29.5% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,463,181 | -€1,646,268 | -€183,087 | -12.5% |
| Investment grants | 15 | €80,971 | €74,821 | -€6,150 | -7.6% |
| Amounts payable | 17/49 | €6,500,493 | €6,524,909 | +€24,416 | +0.4% |
| Amounts payable after more than one year | 17 | €5,491,632 | €5,269,966 | -€221,666 | -4.0% |
| Financial debts | 170/4 | €5,491,632 | €5,269,966 | -€221,666 | -4.0% |
| Amounts payable within one year | 42/48 | €597,001 | €725,470 | +€128,469 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €236,425 | €239,989 | +€3,564 | +1.5% |
| Trade debts | 44 | €10,231 | €25,925 | +€15,693 | +153.4% |
| Suppliers | 440/4 | €10,231 | €25,925 | +€15,693 | +153.4% |
| Other amounts payable | 47/48 | €350,344 | €459,556 | +€109,212 | +31.2% |
| Accrued charges and deferred income | 492/3 | €411,860 | €529,473 | +€117,613 | +28.6% |
| Non-recurring operating income | 76A | €70,850 | €49,681 | -€21,169 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,343 | €227,632 | +€289 | +0.1% |
| Other operating charges | 640/8 | €7,967 | €11,497 | +€3,531 | +44.3% |
| Gross operating margin | 9900 | €112,963 | €196,438 | +€83,474 | +73.9% |
| Operating profit (loss) | 9901 | -€122,347 | -€42,692 | +€79,655 | +65.1% |
| Financial income | 75/76B | €0 | €3,075 | +€3,075 | +30748400.0% |
| Recurring financial income | 75 | €0 | €3,075 | +€3,075 | +30748400.0% |
| Financial charges | 65/66B | €70,909 | €146,546 | +€75,636 | +106.7% |
| Recurring financial charges | 65 | €70,909 | €146,546 | +€75,636 | +106.7% |
| Profit (loss) for the period before taxes | 9903 | -€193,256 | -€186,162 | +€7,094 | +3.7% |
| Profit (loss) for the period | 9904 | -€193,256 | -€186,162 | +€7,094 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,256 | -€186,162 | +€7,094 | +3.7% |
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 11 October 2026 via checked.be.