IMMO TMA: 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 TMA
Largest movements
- Tangible fixed assets -€25,931
down €25,931 (-3.3%), from €790,885 to €764,955
- Debts after one year -€46,773
down €46,773 (-7.3%), from €637,964 to €591,191
- Profit (loss) carried forward +€18,062
up €18,062, from -€9,795 to €8,267
- Taxes +€7,234
new in 2025: €7,234
- Financial charges -€983
down €983 (-6.4%), from €15,267 to €14,284
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 | €800,937 | €780,148 | -€20,789 | -2.6% |
| Fixed assets | 21/28 | €790,885 | €764,955 | -€25,931 | -3.3% |
| Tangible fixed assets | 22/27 | €790,885 | €764,955 | -€25,931 | -3.3% |
| Land and buildings | 22 | €790,885 | €764,955 | -€25,931 | -3.3% |
| Current assets | 29/58 | €10,052 | €15,193 | +€5,141 | +51.1% |
| Amounts receivable within one year | 40/41 | €0 | €500 | +€500 | |
| Other amounts receivable | 41 | €0 | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €9,749 | €14,384 | +€4,635 | +47.5% |
| Deferred charges and accrued income | 490/1 | €303 | €309 | +€6 | +1.9% |
| Total equity and liabilities | 10/49 | €800,937 | €780,148 | -€20,789 | -2.6% |
| Equity | 10/15 | €89,205 | €107,267 | +€18,062 | +20.2% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Capital | 10 | €99,000 | €99,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,795 | €8,267 | +€18,062 | |
| Amounts payable | 17/49 | €711,732 | €672,881 | -€38,851 | -5.5% |
| Amounts payable after more than one year | 17 | €637,964 | €591,191 | -€46,773 | -7.3% |
| Financial debts | 170/4 | €637,964 | €591,191 | -€46,773 | -7.3% |
| Amounts payable within one year | 42/48 | €73,769 | €81,690 | +€7,922 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €45,784 | €46,773 | +€989 | +2.2% |
| Trade debts | 44 | €88 | €89 | +€2 | +1.9% |
| Suppliers | 440/4 | €88 | €89 | +€2 | +1.9% |
| Taxes, remuneration and social security | 45 | - | €7,234 | +€7,234 | |
| Taxes | 450/3 | - | €7,234 | +€7,234 | |
| Other amounts payable | 47/48 | €27,897 | €27,594 | -€303 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,931 | €25,931 | = | 0.0% |
| Other operating charges | 640/8 | €16,049 | €16,015 | -€34 | -0.2% |
| Gross operating margin | 9900 | €80,994 | €81,526 | +€532 | +0.7% |
| Operating profit (loss) | 9901 | €39,014 | €39,580 | +€566 | +1.5% |
| Financial charges | 65/66B | €15,267 | €14,284 | -€983 | -6.4% |
| Recurring financial charges | 65 | €15,267 | €14,284 | -€983 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €23,747 | €25,296 | +€1,549 | +6.5% |
| Income taxes | 67/77 | - | €7,234 | +€7,234 | |
| Profit (loss) for the period | 9904 | €23,747 | €18,062 | -€5,685 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,747 | €18,062 | -€5,685 | -23.9% |
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 3 October 2026 via checked.be.