Immo Tram: 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 Tram
Largest movements
- Cash +€123,733
up €123,733 (+91.1%), from €135,829 to €259,562
mainly Net result for the year (+€93,170) and Tax, wage and social debts (+€31,553)
- Tangible fixed assets -€10,500
down €10,500 (-3.6%), from €294,750 to €284,250
- Reserves +€93,170
up €93,170 (+192.7%), from €48,339 to €141,509
- Tax, wage and social debts +€31,553
up €31,553 (+129.9%), from €24,283 to €55,836
of which Taxes: +€31,553
- Debts after one year -€12,894
down €12,894 (-3.8%), from €342,520 to €329,626
of which Financial debts: -€12,894
- Gross operating margin +€35,082
up €35,082 (+31.5%), from €111,197 to €146,280
- Other operating charges -€34,295
down €34,295 (-95.3%), from €36,000 to €1,705
- Taxes +€15,515
up €15,515 (+91.6%), from €16,938 to €32,453
- Depreciation +€5,250
up €5,250 (+100.0%), from €5,250 to €10,500
- Financial charges +€3,782
up €3,782 (+81.0%), from €4,671 to €8,452
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 | €431,347 | €547,288 | +€115,941 | +26.9% |
| Fixed assets | 21/28 | €294,750 | €284,250 | -€10,500 | -3.6% |
| Tangible fixed assets | 22/27 | €294,750 | €284,250 | -€10,500 | -3.6% |
| Land and buildings | 22 | €294,750 | €284,250 | -€10,500 | -3.6% |
| Current assets | 29/58 | €136,597 | €263,038 | +€126,441 | +92.6% |
| Amounts receivable within one year | 40/41 | €768 | €3,477 | +€2,708 | +352.6% |
| Trade receivables | 40 | €768 | €3,477 | +€2,708 | +352.6% |
| Cash at bank and in hand | 54/58 | €135,829 | €259,562 | +€123,733 | +91.1% |
| Total equity and liabilities | 10/49 | €431,347 | €547,288 | +€115,941 | +26.9% |
| Equity | 10/15 | €51,339 | €144,509 | +€93,170 | +181.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,339 | €141,509 | +€93,170 | +192.7% |
| Distributable reserves | 133 | €48,339 | €141,509 | +€93,170 | +192.7% |
| Amounts payable | 17/49 | €380,008 | €402,779 | +€22,771 | +6.0% |
| Amounts payable after more than one year | 17 | €342,520 | €329,626 | -€12,894 | -3.8% |
| Financial debts | 170/4 | €222,520 | €209,626 | -€12,894 | -5.8% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,488 | €73,153 | +€35,665 | +95.1% |
| Current portion of amounts payable after more than one year | 42 | €12,432 | €12,894 | +€461 | +3.7% |
| Trade debts | 44 | €773 | €4,059 | +€3,286 | +425.1% |
| Suppliers | 440/4 | €773 | €4,059 | +€3,286 | +425.1% |
| Taxes, remuneration and social security | 45 | €24,283 | €55,836 | +€31,553 | +129.9% |
| Taxes | 450/3 | €20,450 | €52,003 | +€31,553 | +154.3% |
| Remuneration and social security | 454/9 | €3,833 | €3,833 | = | 0.0% |
| Other amounts payable | 47/48 | - | €364 | +€364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,250 | €10,500 | +€5,250 | +100.0% |
| Other operating charges | 640/8 | €36,000 | €1,705 | -€34,295 | -95.3% |
| Gross operating margin | 9900 | €111,197 | €146,280 | +€35,082 | +31.5% |
| Operating profit (loss) | 9901 | €69,947 | €134,075 | +€64,128 | +91.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,671 | €8,452 | +€3,782 | +81.0% |
| Recurring financial charges | 65 | €4,671 | €8,452 | +€3,782 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €65,277 | €125,623 | +€60,345 | +92.4% |
| Income taxes | 67/77 | €16,938 | €32,453 | +€15,515 | +91.6% |
| Profit (loss) for the period | 9904 | €48,339 | €93,170 | +€44,831 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,339 | €93,170 | +€44,831 | +92.7% |
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 12 October 2026 via checked.be.