Immo Toffee: 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 Toffee
Largest movements
- Tangible fixed assets -€48,050
down €48,050 (-4.5%), from €1.1m to €1.0m
- Receivables within one year -€38,456
down €38,456 (-64.5%), from €59,653 to €21,197
of which Trade receivables: -€43,560
- Debts after one year -€346,569
down €346,569 (-23.3%), from €1.5m to €1.1m
of which Other amounts payable: -€259,887
- Reserves +€121,333
new in 2026: €121,333
of which Distributable reserves: +€97,333
- Profit (loss) carried forward +€81,091
up €81,091, from -€81,091 to €0
- Tax, wage and social debts +€39,019
up €39,019 (+213.7%), from €18,262 to €57,281
of which Taxes: +€40,369
- Gross operating margin +€155,585
up €155,585 (+82.4%), from €188,877 to €344,461
- Taxes +€33,896
new in 2026: €33,896
- Financial charges +€16,838
up €16,838 (+39.4%), from €42,710 to €59,548
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,731,294 | €1,630,540 | -€100,755 | -5.8% |
| Fixed assets | 21/28 | €1,634,322 | €1,586,272 | -€48,050 | -2.9% |
| Tangible fixed assets | 22/27 | €1,074,322 | €1,026,272 | -€48,050 | -4.5% |
| Land and buildings | 22 | €1,074,322 | €1,026,272 | -€48,050 | -4.5% |
| Financial fixed assets | 28 | €560,000 | €560,000 | = | 0.0% |
| Current assets | 29/58 | €96,972 | €44,268 | -€52,705 | -54.4% |
| Amounts receivable within one year | 40/41 | €59,653 | €21,197 | -€38,456 | -64.5% |
| Trade receivables | 40 | €59,653 | €16,093 | -€43,560 | -73.0% |
| Other amounts receivable | 41 | - | €5,104 | +€5,104 | |
| Cash at bank and in hand | 54/58 | €37,319 | €23,071 | -€14,249 | -38.2% |
| Total equity and liabilities | 10/49 | €1,731,294 | €1,630,540 | -€100,755 | -5.8% |
| Equity | 10/15 | €158,909 | €361,333 | +€202,424 | +127.4% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | - | €121,333 | +€121,333 | |
| Non-distributable reserves | 130/1 | - | €24,000 | +€24,000 | |
| Legal reserve | 130 | - | €24,000 | +€24,000 | |
| Distributable reserves | 133 | - | €97,333 | +€97,333 | |
| Profit (loss) carried forward | 14 | -€81,091 | €0 | +€81,091 | |
| Amounts payable | 17/49 | €1,572,385 | €1,269,207 | -€303,178 | -19.3% |
| Amounts payable after more than one year | 17 | €1,486,246 | €1,139,677 | -€346,569 | -23.3% |
| Financial debts | 170/4 | €966,169 | €879,487 | -€86,682 | -9.0% |
| Other amounts payable | 178/9 | €520,077 | €260,190 | -€259,887 | -50.0% |
| Amounts payable within one year | 42/48 | €79,100 | €122,443 | +€43,343 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €49,258 | €50,519 | +€1,262 | +2.6% |
| Trade debts | 44 | €668 | €3,655 | +€2,987 | +447.4% |
| Suppliers | 440/4 | €668 | €3,655 | +€2,987 | +447.4% |
| Taxes, remuneration and social security | 45 | €18,262 | €57,281 | +€39,019 | +213.7% |
| Taxes | 450/3 | €16,912 | €57,281 | +€40,369 | +238.7% |
| Remuneration and social security | 454/9 | €1,350 | €0 | -€1,350 | -100.0% |
| Other amounts payable | 47/48 | €10,913 | €10,988 | +€75 | +0.7% |
| Accrued charges and deferred income | 492/3 | €7,039 | €7,087 | +€48 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,050 | €48,050 | = | 0.0% |
| Other operating charges | 640/8 | €698 | €544 | -€154 | -22.1% |
| Gross operating margin | 9900 | €188,877 | €344,461 | +€155,585 | +82.4% |
| Operating profit (loss) | 9901 | €140,129 | €295,868 | +€155,739 | +111.1% |
| Financial charges | 65/66B | €42,710 | €59,548 | +€16,838 | +39.4% |
| Recurring financial charges | 65 | €42,710 | €59,548 | +€16,838 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €97,419 | €236,320 | +€138,901 | +142.6% |
| Income taxes | 67/77 | - | €33,896 | +€33,896 | |
| Profit (loss) for the period | 9904 | €97,419 | €202,424 | +€105,005 | +107.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,419 | €202,424 | +€105,005 | +107.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.