IMMO TMCF: 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 TMCF
Largest movements
- Cash -€23,196
down €23,196 (-19.0%), from €122,088 to €98,892
mainly Investment in fixed assets (net) (-€29,351) and Debts after one year (-€8,395)
- Receivables within one year -€2,495
down €2,495 (-80.1%), from €3,116 to €621
of which Trade receivables: -€1,605
- Debts after one year -€8,395
down €8,395 (-76.1%), from €11,035 to €2,640
of which Financial debts: -€8,445
- Tax, wage and social debts -€8,109
down €8,109 (-74.9%), from €10,828 to €2,719
- Other debts -€3,964
down €3,964 (-3.6%), from €110,754 to €106,790
- Current portion of long-term debt -€2,440
down €2,440 (-22.4%), from €10,885 to €8,445
- Financial income -€159,059
down €159,059 (-100.0%), from €159,081 to €22
of which Non-recurring financial income: -€159,079
- Taxes -€49,794
down €49,794, from €30,000 to -€19,794
- Financial charges -€32,392
down €32,392 (-79.9%), from €40,530 to €8,138
- Depreciation +€19,483
up €19,483 (+173%), from €11,273 to €30,756
- Gross operating margin +€17,422
up €17,422 (+468%), from €3,726 to €21,149
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 | €230,698 | €204,541 | -€26,157 | -11.3% |
| Fixed assets | 21/28 | €104,628 | €103,223 | -€1,406 | -1.3% |
| Tangible fixed assets | 22/27 | €104,628 | €103,223 | -€1,406 | -1.3% |
| Land and buildings | 22 | €60,735 | €56,840 | -€3,896 | -6.4% |
| Plant, machinery and equipment | 23 | €19,528 | €9,770 | -€9,758 | -50.0% |
| Furniture and vehicles | 24 | €24,365 | €36,613 | +€12,248 | +50.3% |
| Current assets | 29/58 | €126,070 | €101,318 | -€24,751 | -19.6% |
| Amounts receivable within one year | 40/41 | €3,116 | €621 | -€2,495 | -80.1% |
| Trade receivables | 40 | €1,605 | - | -€1,605 | |
| Other amounts receivable | 41 | €1,511 | €621 | -€890 | -58.9% |
| Cash at bank and in hand | 54/58 | €122,088 | €98,892 | -€23,196 | -19.0% |
| Deferred charges and accrued income | 490/1 | €866 | €1,805 | +€940 | +109% |
| Total equity and liabilities | 10/49 | €230,698 | €204,541 | -€26,157 | -11.3% |
| Equity | 10/15 | €85,947 | €83,901 | -€2,046 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,760 | €82,760 | = | 0.0% |
| Distributable reserves | 133 | €82,760 | €82,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,414 | -€17,459 | -€2,046 | -13.3% |
| Amounts payable | 17/49 | €144,751 | €120,640 | -€24,111 | -16.7% |
| Amounts payable after more than one year | 17 | €11,035 | €2,640 | -€8,395 | -76.1% |
| Financial debts | 170/4 | €8,445 | - | -€8,445 | |
| Other amounts payable | 178/9 | €2,590 | €2,640 | +€50 | +1.9% |
| Amounts payable within one year | 42/48 | €133,716 | €118,000 | -€15,716 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,885 | €8,445 | -€2,440 | -22.4% |
| Trade debts | 44 | €1,249 | €46 | -€1,203 | -96.3% |
| Suppliers | 440/4 | €1,249 | €46 | -€1,203 | -96.3% |
| Taxes, remuneration and social security | 45 | €10,828 | €2,719 | -€8,109 | -74.9% |
| Taxes | 450/3 | €10,828 | €2,719 | -€8,109 | -74.9% |
| Other amounts payable | 47/48 | €110,754 | €106,790 | -€3,964 | -3.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,524 | €14,149 | -€14,375 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,273 | €30,756 | +€19,483 | +173% |
| Other operating charges | 640/8 | €4,343 | €4,116 | -€227 | -5.2% |
| Gross operating margin | 9900 | €3,726 | €21,149 | +€17,422 | +468% |
| Operating profit (loss) | 9901 | -€11,890 | -€13,724 | -€1,834 | -15.4% |
| Financial income | 75/76B | €159,081 | €22 | -€159,059 | -100.0% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +959% |
| Non-recurring financial income | 76B | €159,079 | - | -€159,079 | |
| Financial charges | 65/66B | €40,530 | €8,138 | -€32,392 | -79.9% |
| Recurring financial charges | 65 | €40,530 | €8,138 | -€32,392 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €106,661 | -€21,839 | -€128,500 | |
| Income taxes | 67/77 | €30,000 | -€19,794 | -€49,794 | |
| Profit (loss) for the period | 9904 | €76,661 | -€2,046 | -€78,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,661 | -€2,046 | -€78,707 |
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 31 October 2026 via checked.be.