IMMO TRM: 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 TRM
Largest movements
- Stocks and contracts +€20,288
up €20,288 (+72.5%), from €28,000 to €48,288
- Tangible fixed assets -€11,727
down €11,727 (-26.1%), from €44,974 to €33,247
- Receivables within one year +€4,213
up €4,213 (+19.0%), from €22,130 to €26,343
of which Other amounts receivable: +€5,000
- Trade debts +€47,573
up €47,573 (+2980.8%), from €1,596 to €49,169
- Other debts -€20,600
down €20,600 (-91.2%), from €22,600 to €2,000
- Profit (loss) carried forward -€15,394
down €15,394 (-47.6%), from -€32,311 to -€47,705
- Gross operating margin -€16,247
down €16,247, from €14,657 to -€1,590
- Taxes -€5,565
down €5,565 (-97.9%), from €5,687 to €122
- Other operating charges -€564
down €564 (-50.9%), from €1,108 to €544
- Financial income +€159
up €159 (+23.4%), from €680 to €839
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 | €96,810 | €108,786 | +€11,976 | +12.4% |
| Fixed assets | 21/28 | €44,974 | €33,247 | -€11,727 | -26.1% |
| Tangible fixed assets | 22/27 | €44,974 | €33,247 | -€11,727 | -26.1% |
| Furniture and vehicles | 24 | €44,974 | €33,247 | -€11,727 | -26.1% |
| Current assets | 29/58 | €51,836 | €75,539 | +€23,703 | +45.7% |
| Stocks and contracts in progress | 3 | €28,000 | €48,288 | +€20,288 | +72.5% |
| Stocks | 30/36 | €28,000 | €48,288 | +€20,288 | +72.5% |
| Amounts receivable within one year | 40/41 | €22,130 | €26,343 | +€4,213 | +19.0% |
| Trade receivables | 40 | €22,130 | €21,343 | -€787 | -3.6% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €1,706 | €908 | -€798 | -46.8% |
| Total equity and liabilities | 10/49 | €96,810 | €108,786 | +€11,976 | +12.4% |
| Equity | 10/15 | €67,689 | €52,295 | -€15,394 | -22.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,311 | -€47,705 | -€15,394 | -47.6% |
| Amounts payable | 17/49 | €29,121 | €56,491 | +€27,370 | +94.0% |
| Amounts payable within one year | 42/48 | €29,121 | €56,491 | +€27,370 | +94.0% |
| Trade debts | 44 | €1,596 | €49,169 | +€47,573 | +2980.8% |
| Suppliers | 440/4 | €1,596 | €49,169 | +€47,573 | +2980.8% |
| Taxes, remuneration and social security | 45 | €4,925 | €5,322 | +€397 | +8.1% |
| Taxes | 450/3 | €4,925 | €5,322 | +€397 | +8.1% |
| Other amounts payable | 47/48 | €22,600 | €2,000 | -€20,600 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,229 | €13,229 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €544 | -€564 | -50.9% |
| Gross operating margin | 9900 | €14,657 | -€1,590 | -€16,247 | |
| Operating profit (loss) | 9901 | €320 | -€15,363 | -€15,683 | |
| Financial income | 75/76B | €680 | €839 | +€159 | +23.4% |
| Recurring financial income | 75 | €680 | €839 | +€159 | +23.4% |
| Financial charges | 65/66B | €612 | €748 | +€136 | +22.2% |
| Recurring financial charges | 65 | €612 | €748 | +€136 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €388 | -€15,272 | -€15,660 | |
| Income taxes | 67/77 | €5,687 | €122 | -€5,565 | -97.9% |
| Profit (loss) for the period | 9904 | -€5,299 | -€15,394 | -€10,095 | -190.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,299 | -€15,394 | -€10,095 | -190.5% |
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 10 October 2026 via checked.be.