IMMO TMG: 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 TMG
Largest movements
- Tangible fixed assets -€405,155
down €405,155 (-23.3%), from €1.7m to €1.3m
- Other debts -€265,956
down €265,956 (-42.5%), from €625,878 to €359,923
- Debts after one year -€156,151
down €156,151 (-16.9%), from €922,810 to €766,658
- Gross operating margin +€103,610
up €103,610 (+49.9%), from €207,557 to €311,167
- Taxes +€33,518
up €33,518 (+175.4%), from €19,114 to €52,633
- Depreciation -€16,202
down €16,202 (-27.4%), from €59,205 to €43,002
- Other operating charges -€4,721
down €4,721 (-28.0%), from €16,863 to €12,142
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 | €1,762,606 | €1,346,290 | -€416,316 | -23.6% |
| Fixed assets | 21/28 | €1,737,900 | €1,332,745 | -€405,155 | -23.3% |
| Tangible fixed assets | 22/27 | €1,737,900 | €1,332,745 | -€405,155 | -23.3% |
| Land and buildings | 22 | €1,737,900 | €1,332,745 | -€405,155 | -23.3% |
| Current assets | 29/58 | €24,707 | €13,545 | -€11,161 | -45.2% |
| Amounts receivable within one year | 40/41 | €6,000 | €7,015 | +€1,015 | +16.9% |
| Trade receivables | 40 | €0 | €65 | +€65 | |
| Other amounts receivable | 41 | €6,000 | €6,950 | +€950 | +15.8% |
| Cash at bank and in hand | 54/58 | €18,033 | €6,169 | -€11,864 | -65.8% |
| Deferred charges and accrued income | 490/1 | €674 | €362 | -€312 | -46.3% |
| Total equity and liabilities | 10/49 | €1,762,606 | €1,346,290 | -€416,316 | -23.6% |
| Equity | 10/15 | €59,482 | €59,482 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,882 | €40,882 | = | 0.0% |
| Distributable reserves | 133 | €40,882 | €40,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,703,124 | €1,286,808 | -€416,316 | -24.4% |
| Amounts payable after more than one year | 17 | €922,810 | €766,658 | -€156,151 | -16.9% |
| Financial debts | 170/4 | €922,810 | €766,658 | -€156,151 | -16.9% |
| Amounts payable within one year | 42/48 | €780,314 | €520,150 | -€260,165 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €153,004 | €156,151 | +€3,147 | +2.1% |
| Trade debts | 44 | €106 | €353 | +€247 | +233.7% |
| Suppliers | 440/4 | €106 | €353 | +€247 | +233.7% |
| Taxes, remuneration and social security | 45 | €1,327 | €3,723 | +€2,397 | +180.7% |
| Taxes | 450/3 | €1,327 | €3,723 | +€2,397 | +180.7% |
| Other amounts payable | 47/48 | €625,878 | €359,923 | -€265,956 | -42.5% |
| Non-recurring operating income | 76A | - | €104,087 | +€104,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,205 | €43,002 | -€16,202 | -27.4% |
| Other operating charges | 640/8 | €16,863 | €12,142 | -€4,721 | -28.0% |
| Gross operating margin | 9900 | €207,557 | €311,167 | +€103,610 | +49.9% |
| Operating profit (loss) | 9901 | €131,489 | €256,022 | +€124,533 | +94.7% |
| Financial charges | 65/66B | €52,999 | €55,798 | +€2,799 | +5.3% |
| Recurring financial charges | 65 | €52,999 | €55,798 | +€2,799 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €78,490 | €200,224 | +€121,733 | +155.1% |
| Income taxes | 67/77 | €19,114 | €52,633 | +€33,518 | +175.4% |
| Profit (loss) for the period | 9904 | €59,376 | €147,591 | +€88,215 | +148.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,376 | €147,591 | +€88,215 | +148.6% |
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 10 October 2026 via checked.be.