Immo Trèfles: 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 Trèfles
Largest movements
- Cash -€1.5m
down €1.5m (-67.5%), from €2.3m to €742,907
mainly Debts after one year (-€2.4m) and Accrued charges and deferred income (-€15,416)
- Tangible fixed assets -€451,993
down €451,993 (-2.8%), from €16.4m to €16.0m
of which Other tangible fixed assets: -€16.4m
- Debts after one year -€2.4m
down €2.4m (-17.7%), from €13.4m to €11.1m
- Profit (loss) carried forward +€379,004
up €379,004 (+41.3%), from €918,692 to €1.3m
- Turnover +€1.2m
new in 2025: €1.2m
- Financial income -€65,606
down €65,606 (-69.5%), from €94,447 to €28,842
- Gross operating margin +€46,073
up €46,073 (+3.5%), from €1.3m to €1.4m
- Financial charges -€25,125
down €25,125 (-8.3%), from €302,644 to €277,519
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 | €18,713,464 | €16,699,103 | -€2.0m | -10.8% |
| Fixed assets | 21/28 | €16,405,598 | €15,953,605 | -€451,993 | -2.8% |
| Tangible fixed assets | 22/27 | €16,405,598 | €15,953,605 | -€451,993 | -2.8% |
| Land and buildings | 22 | - | €15,953,605 | +€16.0m | |
| Other tangible fixed assets | 26 | €16,405,598 | - | -€16.4m | |
| Current assets | 29/58 | €2,307,866 | €745,498 | -€1.6m | -67.7% |
| Amounts receivable within one year | 40/41 | €11,190 | - | -€11,190 | |
| Trade receivables | 40 | €11,190 | - | -€11,190 | |
| Cash at bank and in hand | 54/58 | €2,282,448 | €742,907 | -€1.5m | -67.5% |
| Deferred charges and accrued income | 490/1 | €14,229 | €2,592 | -€11,637 | -81.8% |
| Total equity and liabilities | 10/49 | €18,713,464 | €16,699,103 | -€2.0m | -10.8% |
| Equity | 10/15 | €5,187,292 | €5,566,296 | +€379,004 | +7.3% |
| Contributions | 10/11 | €4,268,600 | €4,268,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €918,692 | €1,297,696 | +€379,004 | +41.3% |
| Amounts payable | 17/49 | €13,526,172 | €11,132,808 | -€2.4m | -17.7% |
| Amounts payable after more than one year | 17 | €13,440,000 | €11,055,000 | -€2.4m | -17.7% |
| Financial debts | 170/4 | €13,440,000 | €11,055,000 | -€2.4m | -17.7% |
| Amounts payable within one year | 42/48 | €14,704 | €21,755 | +€7,051 | +48.0% |
| Trade debts | 44 | €88 | €4,073 | +€3,985 | +4544.1% |
| Suppliers | 440/4 | €88 | €4,073 | +€3,985 | +4544.1% |
| Taxes, remuneration and social security | 45 | €14,616 | €17,682 | +€3,066 | +21.0% |
| Taxes | 450/3 | €14,616 | €17,682 | +€3,066 | +21.0% |
| Accrued charges and deferred income | 492/3 | €71,469 | €56,053 | -€15,416 | -21.6% |
| Turnover | 70 | - | €1,218,478 | +€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,469 | +€12,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,993 | €451,993 | = | 0.0% |
| Other operating charges | 640/8 | €163,753 | €168,892 | +€5,139 | +3.1% |
| Gross operating margin | 9900 | €1,328,829 | €1,374,901 | +€46,073 | +3.5% |
| Operating profit (loss) | 9901 | €713,082 | €754,016 | +€40,934 | +5.7% |
| Financial income | 75/76B | €94,447 | €28,842 | -€65,606 | -69.5% |
| Recurring financial income | 75 | €94,447 | €28,842 | -€65,606 | -69.5% |
| Financial charges | 65/66B | €302,644 | €277,519 | -€25,125 | -8.3% |
| Recurring financial charges | 65 | €302,644 | €277,519 | -€25,125 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €504,885 | €505,338 | +€453 | +0.1% |
| Income taxes | 67/77 | €126,221 | €126,335 | +€113 | +0.1% |
| Profit (loss) for the period | 9904 | €378,664 | €379,004 | +€340 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €378,664 | €379,004 | +€340 | +0.1% |
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 8 October 2026 via checked.be.