IMMO TERBORG: 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 TERBORG
Largest movements
- Cash +€15,918
up €15,918 (+169.8%), from €9,374 to €25,292
mainly Net result for the year (+€28,538) and Other debts (+€6,990)
- Reserves +€28,538
up €28,538 (+39.4%), from €72,412 to €100,950
- Debts after one year -€26,333
down €26,333 (-25.6%), from €102,671 to €76,338
- Other debts +€6,990
up €6,990 (+4.5%), from €154,896 to €161,886
- Tax, wage and social debts +€6,723
up €6,723 (+34.8%), from €19,334 to €26,058
- Gross operating margin +€15,487
up €15,487 (+35.2%), from €44,016 to €59,502
- Taxes +€5,092
up €5,092 (+57.4%), from €8,867 to €13,959
- Financial charges -€801
down €801 (-4.8%), from €16,549 to €15,748
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 | €454,604 | €470,522 | +€15,918 | +3.5% |
| Fixed assets | 21/28 | €445,230 | €445,230 | = | 0.0% |
| Tangible fixed assets | 22/27 | €445,230 | €445,230 | = | 0.0% |
| Land and buildings | 22 | €445,230 | €445,230 | = | 0.0% |
| Current assets | 29/58 | €9,374 | €25,292 | +€15,918 | +169.8% |
| Cash at bank and in hand | 54/58 | €9,374 | €25,292 | +€15,918 | +169.8% |
| Total equity and liabilities | 10/49 | €454,604 | €470,522 | +€15,918 | +3.5% |
| Equity | 10/15 | €141,037 | €169,574 | +€28,538 | +20.2% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €72,412 | €100,950 | +€28,538 | +39.4% |
| Distributable reserves | 133 | €72,412 | €100,950 | +€28,538 | +39.4% |
| Profit (loss) carried forward | 14 | €25,025 | €25,025 | = | 0.0% |
| Amounts payable | 17/49 | €313,568 | €300,948 | -€12,620 | -4.0% |
| Amounts payable after more than one year | 17 | €102,671 | €76,338 | -€26,333 | -25.6% |
| Financial debts | 170/4 | €102,671 | €76,338 | -€26,333 | -25.6% |
| Amounts payable within one year | 42/48 | €210,897 | €224,610 | +€13,713 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €36,666 | €36,666 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,334 | €26,058 | +€6,723 | +34.8% |
| Taxes | 450/3 | €19,334 | €26,058 | +€6,723 | +34.8% |
| Other amounts payable | 47/48 | €154,896 | €161,886 | +€6,990 | +4.5% |
| Other operating charges | 640/8 | €1,282 | €1,258 | -€24 | -1.9% |
| Gross operating margin | 9900 | €44,016 | €59,502 | +€15,487 | +35.2% |
| Operating profit (loss) | 9901 | €42,734 | €58,245 | +€15,511 | +36.3% |
| Financial charges | 65/66B | €16,549 | €15,748 | -€801 | -4.8% |
| Recurring financial charges | 65 | €16,549 | €15,748 | -€801 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €26,184 | €42,497 | +€16,312 | +62.3% |
| Income taxes | 67/77 | €8,867 | €13,959 | +€5,092 | +57.4% |
| Profit (loss) for the period | 9904 | €17,317 | €28,538 | +€11,221 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,317 | €28,538 | +€11,221 | +64.8% |
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 1 October 2026 via checked.be.