IMMO TIMO: 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 TIMO
Largest movements
- Tangible fixed assets -€92,137
down €92,137 (-6.1%), from €1.5m to €1.4m
of which Land and buildings: -€77,986
- Cash +€63,709
up €63,709 (+154%), from €41,370 to €105,079
mainly Depreciation (+€150,387) and Net result for the year (+€105,176)
- Debts after one year -€120,895
down €120,895 (-13.6%), from €886,491 to €765,596
- Other debts +€83,463
up €83,463 (+428%), from €19,500 to €102,963
- Accrued charges and deferred income -€24,000
down €24,000 (-34.3%), from €70,000 to €46,000
- Reserves +€17,320
up €17,320 (+4.0%), from €429,238 to €446,558
of which Distributable reserves: +€17,320
- Taxes -€7,848
down €7,848 (-18.3%), from €42,914 to €35,067
- Gross operating margin -€6,145
down €6,145 (-1.8%), from €344,382 to €338,237
- Depreciation -€3,831
down €3,831 (-2.5%), from €154,217 to €150,387
- Financial charges -€3,755
down €3,755 (-13.1%), from €28,631 to €24,876
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 | €1,581,060 | €1,538,643 | -€42,417 | -2.7% |
| Fixed assets | 21/28 | €1,514,544 | €1,422,407 | -€92,137 | -6.1% |
| Tangible fixed assets | 22/27 | €1,514,544 | €1,422,407 | -€92,137 | -6.1% |
| Land and buildings | 22 | €1,300,731 | €1,222,745 | -€77,986 | -6.0% |
| Plant, machinery and equipment | 23 | €55,646 | €34,266 | -€21,380 | -38.4% |
| Furniture and vehicles | 24 | €158,167 | €165,396 | +€7,229 | +4.6% |
| Current assets | 29/58 | €66,516 | €116,236 | +€49,720 | +74.7% |
| Amounts receivable within one year | 40/41 | €25,146 | €11,157 | -€13,989 | -55.6% |
| Trade receivables | 40 | €25,000 | €11,000 | -€14,000 | -56.0% |
| Other amounts receivable | 41 | €146 | €157 | +€11 | +7.4% |
| Cash at bank and in hand | 54/58 | €41,370 | €105,079 | +€63,709 | +154% |
| Total equity and liabilities | 10/49 | €1,581,060 | €1,538,643 | -€42,417 | -2.7% |
| Equity | 10/15 | €447,838 | €465,158 | +€17,320 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €429,238 | €446,558 | +€17,320 | +4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €427,378 | €444,698 | +€17,320 | +4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,133,222 | €1,073,485 | -€59,737 | -5.3% |
| Amounts payable after more than one year | 17 | €886,491 | €765,596 | -€120,895 | -13.6% |
| Financial debts | 170/4 | €886,491 | €765,596 | -€120,895 | -13.6% |
| Amounts payable within one year | 42/48 | €176,732 | €261,890 | +€85,158 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €117,269 | €120,895 | +€3,626 | +3.1% |
| Financial debts | 43 | €14,708 | €8,409 | -€6,299 | -42.8% |
| Credit institutions | 430/8 | €14,708 | €8,409 | -€6,299 | -42.8% |
| Trade debts | 44 | €12,172 | €24,377 | +€12,206 | +100% |
| Suppliers | 440/4 | €12,172 | €24,377 | +€12,206 | +100% |
| Taxes, remuneration and social security | 45 | €13,083 | €5,245 | -€7,838 | -59.9% |
| Taxes | 450/3 | €13,083 | €5,245 | -€7,838 | -59.9% |
| Other amounts payable | 47/48 | €19,500 | €102,963 | +€83,463 | +428% |
| Accrued charges and deferred income | 492/3 | €70,000 | €46,000 | -€24,000 | -34.3% |
| Remuneration, social security and pensions | 62 | €3,780 | €3,780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,217 | €150,387 | -€3,831 | -2.5% |
| Other operating charges | 640/8 | €18,342 | €18,952 | +€610 | +3.3% |
| Gross operating margin | 9900 | €344,382 | €338,237 | -€6,145 | -1.8% |
| Operating profit (loss) | 9901 | €168,043 | €165,119 | -€2,924 | -1.7% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €28,631 | €24,876 | -€3,755 | -13.1% |
| Recurring financial charges | 65 | €28,631 | €24,876 | -€3,755 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €139,447 | €140,243 | +€796 | +0.6% |
| Income taxes | 67/77 | €42,914 | €35,067 | -€7,848 | -18.3% |
| Profit (loss) for the period | 9904 | €96,532 | €105,176 | +€8,644 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,532 | €105,176 | +€8,644 | +9.0% |
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 23 October 2026 via checked.be.