IMMO TOUBKAL: 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 TOUBKAL
Largest movements
- Stocks and contracts -€3.3m
no longer reported in 2025 (was €3.3m)
- Receivables within one year +€3.2m
up €3.2m (+2,260%), from €143,608 to €3.4m
of which Trade receivables: +€3.3m
- Tangible fixed assets -€390,000
no longer reported in 2025 (was €390,000)
- Short-term financial debts +€4.1m
up €4.1m (+6,682%), from €61,771 to €4.2m
- Debts after one year -€3.8m
no longer reported in 2025 (was €3.8m)
- Profit (loss) carried forward -€1.3m
down €1.3m (-274%), from -€475,581 to -€1.8m
- Tax, wage and social debts +€566,108
up €566,108 (+63,471%), from €892 to €567,000
- Gross operating margin -€1.2m
down €1.2m, from €246,029 to -€970,536
- Turnover -€741,464
no longer reported in 2025 (was €741,464)
- Purchases and services -€85,491
down €85,491 (-17.3%), from €495,435 to €409,944
- Financial charges +€67,976
up €67,976 (+25.7%), from €264,316 to €332,293
of which Financial charges: +€73,271
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 | €3,794,205 | €3,389,525 | -€404,680 | -10.7% |
| Fixed assets | 21/28 | €390,000 | - | -€390,000 | |
| Tangible fixed assets | 22/27 | €390,000 | - | -€390,000 | |
| Land and buildings | 22 | €390,000 | - | -€390,000 | |
| Current assets | 29/58 | €3,404,205 | €3,389,525 | -€14,680 | -0.4% |
| Stocks and contracts in progress | 3 | €3,260,592 | - | -€3.3m | |
| Stocks | 30/36 | €3,260,592 | - | -€3.3m | |
| Amounts receivable within one year | 40/41 | €143,608 | €3,389,519 | +€3.2m | +2,260% |
| Trade receivables | 40 | - | €3,267,000 | +€3.3m | |
| Other amounts receivable | 41 | €143,608 | €122,519 | -€21,088 | -14.7% |
| Cash at bank and in hand | 54/58 | €5 | €5 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,794,205 | €3,389,525 | -€404,680 | -10.7% |
| Equity | 10/15 | -€66,981 | -€1,371,853 | -€1.3m | -1,948% |
| Contributions | 10/11 | €408,600 | €408,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€475,581 | -€1,780,453 | -€1.3m | -274% |
| Amounts payable | 17/49 | €3,861,186 | €4,761,377 | +€900,192 | +23.3% |
| Amounts payable after more than one year | 17 | €3,795,000 | - | -€3.8m | |
| Financial debts | 170/4 | €3,795,000 | - | -€3.8m | |
| Amounts payable within one year | 42/48 | €66,186 | €4,761,377 | +€4.7m | +7,094% |
| Financial debts | 43 | €61,771 | €4,189,064 | +€4.1m | +6,682% |
| Credit institutions | 430/8 | €61,771 | €4,189,064 | +€4.1m | +6,682% |
| Trade debts | 44 | €3,522 | €5,313 | +€1,791 | +50.8% |
| Suppliers | 440/4 | €3,522 | €5,313 | +€1,791 | +50.8% |
| Taxes, remuneration and social security | 45 | €892 | €567,000 | +€566,108 | +63,471% |
| Taxes | 450/3 | €892 | €567,000 | +€566,108 | +63,471% |
| Turnover | 70 | €741,464 | - | -€741,464 | |
| Goods, raw materials, services and sundry goods | 60/61 | €495,435 | €409,944 | -€85,491 | -17.3% |
| Other operating charges | 640/8 | €3,875 | €2,044 | -€1,831 | -47.3% |
| Gross operating margin | 9900 | €246,029 | -€970,536 | -€1.2m | |
| Operating profit (loss) | 9901 | €242,154 | -€972,579 | -€1.2m | |
| Financial income | 75/76B | €1,921 | - | -€1,921 | |
| Recurring financial income | 75 | €121 | - | -€121 | |
| Non-recurring financial income | 76B | €1,800 | - | -€1,800 | |
| Financial charges | 65/66B | €264,316 | €332,293 | +€67,976 | +25.7% |
| Recurring financial charges | 65 | €259,022 | €332,293 | +€73,271 | +28.3% |
| Non-recurring financial charges | 66B | €5,295 | - | -€5,295 | |
| Profit (loss) for the period before taxes | 9903 | -€20,242 | -€1,304,872 | -€1.3m | -6,346% |
| Profit (loss) for the period | 9904 | -€20,242 | -€1,304,872 | -€1.3m | -6,346% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,242 | -€1,304,872 | -€1.3m | -6,346% |
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 20 October 2026 via checked.be.