IMMO TOFF: 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 TOFF
Largest movements
- Tangible fixed assets -€20,983
down €20,983 (-1.5%), from €1.4m to €1.3m
- Cash -€16,883
down €16,883 (-49.1%), from €34,364 to €17,481
mainly Investment in fixed assets (net) (-€50,680) and Debts after one year (-€28,173)
- Debts after one year -€28,173
down €28,173 (-15.4%), from €182,640 to €154,467
of which Financial debts: -€29,773
- Depreciation -€1,717
down €1,717 (-2.3%), from €73,380 to €71,663
- Taxes +€1,176
up €1,176 (+8.6%), from €13,607 to €14,783
- Gross operating margin +€1,173
up €1,173 (+1.3%), from €88,987 to €90,159
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,447,124 | €1,409,258 | -€37,866 | -2.6% |
| Fixed assets | 21/28 | €1,361,041 | €1,340,058 | -€20,983 | -1.5% |
| Tangible fixed assets | 22/27 | €1,360,551 | €1,339,568 | -€20,983 | -1.5% |
| Land and buildings | 22 | €1,360,551 | €1,339,568 | -€20,983 | -1.5% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €86,083 | €69,200 | -€16,883 | -19.6% |
| Amounts receivable within one year | 40/41 | €51,720 | €51,720 | = | 0.0% |
| Other amounts receivable | 41 | €51,720 | €51,720 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,364 | €17,481 | -€16,883 | -49.1% |
| Total equity and liabilities | 10/49 | €1,447,124 | €1,409,258 | -€37,866 | -2.6% |
| Equity | 10/15 | €1,044,681 | €1,035,997 | -€8,684 | -0.8% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Revaluation surpluses | 12 | €1,410,796 | €1,410,796 | = | 0.0% |
| Reserves | 13 | €95,156 | €89,330 | -€5,826 | -6.1% |
| Tax-exempt reserves | 132 | €95,156 | €89,330 | -€5,826 | -6.1% |
| Profit (loss) carried forward | 14 | -€529,441 | -€532,299 | -€2,858 | -0.5% |
| Provisions and deferred taxes | 16 | €48,998 | €45,998 | -€3,000 | -6.1% |
| Deferred taxes | 168 | €48,998 | €45,998 | -€3,000 | -6.1% |
| Amounts payable | 17/49 | €353,446 | €327,263 | -€26,183 | -7.4% |
| Amounts payable after more than one year | 17 | €182,640 | €154,467 | -€28,173 | -15.4% |
| Financial debts | 170/4 | €174,252 | €144,480 | -€29,773 | -17.1% |
| Other amounts payable | 178/9 | €8,388 | €9,988 | +€1,600 | +19.1% |
| Amounts payable within one year | 42/48 | €170,806 | €172,796 | +€1,990 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €28,958 | €29,773 | +€815 | +2.8% |
| Taxes, remuneration and social security | 45 | €13,607 | €14,782 | +€1,175 | +8.6% |
| Taxes | 450/3 | €13,607 | €14,782 | +€1,175 | +8.6% |
| Other amounts payable | 47/48 | €128,241 | €128,241 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,380 | €71,663 | -€1,717 | -2.3% |
| Other operating charges | 640/8 | €9,191 | €9,533 | +€342 | +3.7% |
| Gross operating margin | 9900 | €88,987 | €90,159 | +€1,173 | +1.3% |
| Operating profit (loss) | 9901 | €6,415 | €8,963 | +€2,548 | +39.7% |
| Financial income | 75/76B | €2 | €3 | +€1 | +84.0% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +84.0% |
| Financial charges | 65/66B | €6,579 | €5,867 | -€712 | -10.8% |
| Recurring financial charges | 65 | €6,579 | €5,867 | -€712 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€162 | €3,099 | +€3,262 | |
| Transfer from deferred taxes | 780 | €3,000 | €3,000 | = | 0.0% |
| Income taxes | 67/77 | €13,607 | €14,783 | +€1,176 | +8.6% |
| Profit (loss) for the period | 9904 | -€10,770 | -€8,684 | +€2,086 | +19.4% |
| Transfer from tax-exempt reserves | 789 | €5,826 | €5,826 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,944 | -€2,858 | +€2,086 | +42.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.