IMMO TEWOWI: 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 TEWOWI
Largest movements
- Tangible fixed assets +€8.0m
up €8.0m (+102,730%), from €7,821 to €8.0m
of which Land and buildings: +€6.5m
- Cash +€82,661
up €82,661 (+26,409%), from €313 to €82,974
mainly Contributions, distributions and other (+€7.9m) and Depreciation (+€257,736)
- Contributions +€4.5m
up €4.5m (+99,906%), from €4,531 to €4.5m
- Profit (loss) carried forward +€3.2m
up €3.2m (+101,091%), from €3,166 to €3.2m
- Reserves +€196,266
up €196,266 (+100,136%), from €196 to €196,462
- Trade debts +€115,557
up €115,557 (+58,658%), from €197 to €115,754
- Tax, wage and social debts +€108,746
up €108,746 (+114,469%), from €95 to €108,841
- Gross operating margin +€496,449
up €496,449 (+95,105%), from €522 to €496,971
- Depreciation +€257,662
up €257,662 (+348,192%), from €74 to €257,736
- Other operating charges +€185,489
up €185,489 (+403,238%), from €46 to €185,535
- Taxes +€13,803
up €13,803 (+14,529%), from €95 to €13,898
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 | €8,185 | €8,206,037 | +€8.2m | +100,157% |
| Fixed assets | 21/28 | €7,821 | €8,042,353 | +€8.0m | +102,730% |
| Tangible fixed assets | 22/27 | €7,821 | €8,042,353 | +€8.0m | +102,730% |
| Land and buildings | 22 | €6,628 | €6,476,777 | +€6.5m | +97,618% |
| Plant, machinery and equipment | 23 | €119 | €70,137 | +€70,018 | +58,838% |
| Assets under construction and advance payments | 27 | €1,074 | €1,495,439 | +€1.5m | +139,140% |
| Current assets | 29/58 | €364 | €163,684 | +€163,320 | +44,868% |
| Amounts receivable within one year | 40/41 | €51 | €80,709 | +€80,658 | +158,154% |
| Trade receivables | 40 | €26 | €59,763 | +€59,737 | +229,759% |
| Other amounts receivable | 41 | €25 | €20,946 | +€20,921 | +83,684% |
| Cash at bank and in hand | 54/58 | €313 | €82,974 | +€82,661 | +26,409% |
| Total equity and liabilities | 10/49 | €8,185 | €8,206,037 | +€8.2m | +100,157% |
| Equity | 10/15 | €7,893 | €7,931,442 | +€7.9m | +100,387% |
| Contributions | 10/11 | €4,531 | €4,531,288 | +€4.5m | +99,906% |
| Reserves | 13 | €196 | €196,462 | +€196,266 | +100,136% |
| Distributable reserves | 133 | €196 | €196,462 | +€196,266 | +100,136% |
| Profit (loss) carried forward | 14 | €3,166 | €3,203,692 | +€3.2m | +101,091% |
| Amounts payable | 17/49 | €292 | €274,595 | +€274,303 | +93,939% |
| Amounts payable within one year | 42/48 | €292 | €274,595 | +€274,303 | +93,939% |
| Trade debts | 44 | €197 | €115,754 | +€115,557 | +58,658% |
| Suppliers | 440/4 | €197 | €115,754 | +€115,557 | +58,658% |
| Taxes, remuneration and social security | 45 | €95 | €108,841 | +€108,746 | +114,469% |
| Taxes | 450/3 | €95 | €108,841 | +€108,746 | +114,469% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €257,736 | +€257,662 | +348,192% |
| Other operating charges | 640/8 | €46 | €185,535 | +€185,489 | +403,238% |
| Gross operating margin | 9900 | €522 | €496,971 | +€496,449 | +95,105% |
| Operating profit (loss) | 9901 | €402 | €53,699 | +€53,297 | +13,258% |
| Financial charges | 65/66B | €0 | €1,624 | +€1,624 | |
| Recurring financial charges | 65 | €0 | €1,624 | +€1,624 | |
| Profit (loss) for the period before taxes | 9903 | €402 | €52,076 | +€51,674 | +12,854% |
| Income taxes | 67/77 | €95 | €13,898 | +€13,803 | +14,529% |
| Profit (loss) for the period | 9904 | €307 | €38,178 | +€37,871 | +12,336% |
| Profit (loss) for the period to be appropriated | 9905 | €307 | €38,178 | +€37,871 | +12,336% |
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 16 October 2026 via checked.be.