IMMO TOD: 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 TOD
Largest movements
- Tangible fixed assets +€285,293
up €285,293 (+168.2%), from €169,582 to €454,875
of which Assets under construction and advance payments: +€285,293
- Cash +€35,818
up €35,818 (+170.1%), from €21,054 to €56,872
mainly Debts after one year (+€239,426) and Trade debts (+€97,204)
- Receivables within one year +€32,504
up €32,504 (+1350.7%), from €2,406 to €34,911
of which Other amounts receivable: +€32,504
- Debts after one year +€239,426
up €239,426 (+123.5%), from €193,925 to €433,351
of which Financial debts: +€199,426
- Trade debts +€97,204
new in 2025: €97,204
- Current portion of long-term debt +€20,358
new in 2025: €20,358
- Profit (loss) carried forward -€6,046
down €6,046 (-26.2%), from -€23,039 to -€29,085
- Financial charges +€3,299
up €3,299 (+26.9%), from €12,242 to €15,541
- Gross operating margin +€1,998
up €1,998 (+25.2%), from €7,936 to €9,934
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 | €198,043 | €551,658 | +€353,615 | +178.6% |
| Fixed assets | 21/28 | €174,582 | €459,875 | +€285,293 | +163.4% |
| Tangible fixed assets | 22/27 | €169,582 | €454,875 | +€285,293 | +168.2% |
| Land and buildings | 22 | €5,757 | €5,757 | = | 0.0% |
| Assets under construction and advance payments | 27 | €163,825 | €449,118 | +€285,293 | +174.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €23,461 | €91,783 | +€68,322 | +291.2% |
| Amounts receivable within one year | 40/41 | €2,406 | €34,911 | +€32,504 | +1350.7% |
| Trade receivables | 40 | €1,210 | €1,210 | = | 0.0% |
| Other amounts receivable | 41 | €1,196 | €33,701 | +€32,504 | +2716.8% |
| Cash at bank and in hand | 54/58 | €21,054 | €56,872 | +€35,818 | +170.1% |
| Total equity and liabilities | 10/49 | €198,043 | €551,658 | +€353,615 | +178.6% |
| Equity | 10/15 | -€5,039 | -€11,085 | -€6,046 | -120.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,039 | -€29,085 | -€6,046 | -26.2% |
| Amounts payable | 17/49 | €203,082 | €562,743 | +€359,661 | +177.1% |
| Amounts payable after more than one year | 17 | €193,925 | €433,351 | +€239,426 | +123.5% |
| Financial debts | 170/4 | €155,510 | €354,936 | +€199,426 | +128.2% |
| Other amounts payable | 178/9 | €38,415 | €78,415 | +€40,000 | +104.1% |
| Amounts payable within one year | 42/48 | €4,310 | €121,872 | +€117,562 | +2727.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,358 | +€20,358 | |
| Trade debts | 44 | - | €97,204 | +€97,204 | |
| Suppliers | 440/4 | - | €97,204 | +€97,204 | |
| Other amounts payable | 47/48 | €4,310 | €4,310 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,847 | €7,520 | +€2,673 | +55.2% |
| Other operating charges | 640/8 | €387 | €440 | +€53 | +13.6% |
| Gross operating margin | 9900 | €7,936 | €9,934 | +€1,998 | +25.2% |
| Operating profit (loss) | 9901 | €7,549 | €9,494 | +€1,945 | +25.8% |
| Financial charges | 65/66B | €12,242 | €15,541 | +€3,299 | +26.9% |
| Recurring financial charges | 65 | €12,242 | €15,541 | +€3,299 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,693 | -€6,046 | -€1,353 | -28.8% |
| Profit (loss) for the period | 9904 | -€4,693 | -€6,046 | -€1,353 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,693 | -€6,046 | -€1,353 | -28.8% |
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 6 October 2026 via checked.be.