IMMO TERHILLS CENTRUM FACILITEITEN: 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.
What changed
IMMO TERHILLS CENTRUM FACILITEITEN
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€220,159
2024 · €248,776-€28,617
Equity
€8.9m
2024 · €9.2m-€296,939
Cash
€234,438
2024 · €470,793-€236,355
Balance sheet total
€22.8m
2024 · €24.0m-€1.1m
Largest movements
Assets
- Tangible fixed assets -€908,985
down €908,985 (-3.9%), from €23.3m to €22.4m
Equity and liabilities
- Current portion of long-term debt -€14.3m
no longer reported in 2025 (was €14.3m)
- Debts after one year +€13.1m
new in 2025: €13.1m
- Other debts +€517,098
new in 2025: €517,098
- Profit (loss) carried forward -€307,947
no longer reported in 2025 (was €307,947)
Income statement
- Turnover -€189,113
down €189,113 (-10.2%), from €1.8m to €1.7m
- Financial charges -€98,674
down €98,674 (-26.0%), from €379,771 to €281,097
- Other operating income +€43,910
up €43,910 (+2,091%), from €2,100 to €46,010
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.
Result 2024
€248,776
Turnover
-€189,113
Other operating income
+€43,910
Services and other goods
+€9,314
Depreciation
-€622
Other operating charges
-€686
Financial charges
+€98,674
Taxes
+€9,905
Result 2025
€220,159
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
-€11,606
Financing
-€1.7m
Cash 2024
€470,793
From operations (derived)
+€1.5m
Net result for the year
+€220,159
Depreciation
+€920,591
Smaller working-capital items
-€8,259
Tax, wage and social debts
-€138,159
Other debts
+€517,098
Investment (derived)
-€11,606
Investment in fixed assets (net)
-€11,606
Financing
-€1.7m
Debts after one year
+€13.1m
Current portion of long-term debt
-€14.3m
Contributions, distributions and other
-€517,098
Cash 2025
€234,438
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,955,370 | €22,807,162 | -€1.1m | -4.8% |
| Fixed assets | 21/28 | €23,340,407 | €22,431,422 | -€908,985 | -3.9% |
| Tangible fixed assets | 22/27 | €23,340,407 | €22,431,422 | -€908,985 | -3.9% |
| Other tangible fixed assets | 26 | €23,340,407 | €22,431,422 | -€908,985 | -3.9% |
| Current assets | 29/58 | €614,963 | €375,740 | -€239,223 | -38.9% |
| Amounts receivable within one year | 40/41 | €132,684 | €129,471 | -€3,212 | -2.4% |
| Trade receivables | 40 | €132,684 | €129,471 | -€3,212 | -2.4% |
| Cash at bank and in hand | 54/58 | €470,793 | €234,438 | -€236,355 | -50.2% |
| Deferred charges and accrued income | 490/1 | €11,486 | €11,830 | +€344 | +3.0% |
| Total equity and liabilities | 10/49 | €23,955,370 | €22,807,162 | -€1.1m | -4.8% |
| Equity | 10/15 | €9,175,026 | €8,878,087 | -€296,939 | -3.2% |
| Contributions | 10/11 | €8,850,871 | €8,850,871 | = | 0.0% |
| Capital | 10 | €8,850,871 | €8,850,871 | = | 0.0% |
| Issued capital | 100 | €8,850,871 | €8,850,871 | = | 0.0% |
| Reserves | 13 | €16,208 | €27,216 | +€11,008 | +67.9% |
| Non-distributable reserves | 130/1 | €16,208 | €27,216 | +€11,008 | +67.9% |
| Legal reserve | 130 | €16,208 | €27,216 | +€11,008 | +67.9% |
| Profit (loss) carried forward | 14 | €307,947 | - | -€307,947 | |
| Amounts payable | 17/49 | €14,780,344 | €13,929,076 | -€851,269 | -5.8% |
| Amounts payable after more than one year | 17 | - | €13,126,831 | +€13.1m | |
| Financial debts | 170/4 | - | €13,126,831 | +€13.1m | |
| Subordinated loans | 170 | - | €10,660,277 | +€10.7m | |
| Other loans | 174 | - | €2,466,553 | +€2.5m | |
| Amounts payable within one year | 42/48 | €14,676,308 | €695,244 | -€14.0m | -95.3% |
| Current portion of amounts payable after more than one year | 42 | €14,345,912 | - | -€14.3m | |
| Trade debts | 44 | €16,294 | €2,202 | -€14,092 | -86.5% |
| Suppliers | 440/4 | €16,294 | €2,202 | -€14,092 | -86.5% |
| Taxes, remuneration and social security | 45 | €314,102 | €175,944 | -€138,159 | -44.0% |
| Taxes | 450/3 | €314,102 | €175,944 | -€138,159 | -44.0% |
| Other amounts payable | 47/48 | - | €517,098 | +€517,098 | |
| Accrued charges and deferred income | 492/3 | €104,036 | €107,001 | +€2,965 | +2.8% |
| Operating income | 70/76A | €1,848,445 | €1,703,242 | -€145,202 | -7.9% |
| Turnover | 70 | €1,846,345 | €1,657,232 | -€189,113 | -10.2% |
| Other operating income | 74 | €2,100 | €46,010 | +€43,910 | +2,091% |
| Operating charges | 60/66A | €1,135,373 | €1,127,368 | -€8,006 | -0.7% |
| Services and other goods | 61 | €160,460 | €151,145 | -€9,314 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919,969 | €920,591 | +€622 | +0.1% |
| Other operating charges | 640/8 | €54,945 | €55,631 | +€686 | +1.2% |
| Operating profit (loss) | 9901 | €713,071 | €575,875 | -€137,197 | -19.2% |
| Financial charges | 65/66B | €379,771 | €281,097 | -€98,674 | -26.0% |
| Recurring financial charges | 65 | €379,771 | €281,097 | -€98,674 | -26.0% |
| Debt charges | 650 | €379,595 | €280,919 | -€98,676 | -26.0% |
| Other financial charges | 652/9 | €176 | €178 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €333,300 | €294,778 | -€38,522 | -11.6% |
| Income taxes | 67/77 | €84,524 | €74,619 | -€9,905 | -11.7% |
| Taxes | 670/3 | €84,524 | €74,619 | -€9,905 | -11.7% |
| Profit (loss) for the period | 9904 | €248,776 | €220,159 | -€28,617 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €248,776 | €220,159 | -€28,617 | -11.5% |
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 28 October 2026 via checked.be.