IMMO TROEF: 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 TROEF
Largest movements
- Cash +€103,541
up €103,541 (+72.5%), from €142,804 to €246,345
mainly Net result for the year (+€57,078) and Trade debts (+€30,789)
- Tangible fixed assets -€17,970
down €17,970 (-10.5%), from €171,436 to €153,466
- Reserves +€57,078
new in 2025: €57,078
- Trade debts +€30,789
up €30,789 (+21.8%), from €141,023 to €171,813
- Other debts -€10,192
down €10,192 (-9.3%), from €109,936 to €99,744
- Tax, wage and social debts +€4,469
up €4,469 (+7130.3%), from €63 to €4,532
of which Taxes: +€4,532
- Turnover -€180,345
no longer reported in 2025 (was €180,345)
- Purchases and services -€162,952
no longer reported in 2025 (was €162,952)
- Gross operating margin +€72,804
up €72,804 (+261.4%), from €27,848 to €100,652
- Taxes +€22,521
up €22,521 (+8722.7%), from €258 to €22,779
- Depreciation +€1,980
up €1,980 (+14.1%), from €14,013 to €15,993
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 | €329,488 | €411,633 | +€82,145 | +24.9% |
| Fixed assets | 21/28 | €171,436 | €153,466 | -€17,970 | -10.5% |
| Tangible fixed assets | 22/27 | €171,436 | €153,466 | -€17,970 | -10.5% |
| Land and buildings | 22 | €143,766 | €136,972 | -€6,794 | -4.7% |
| Plant, machinery and equipment | 23 | €11,329 | €8,400 | -€2,929 | -25.9% |
| Furniture and vehicles | 24 | €16,341 | €8,094 | -€8,247 | -50.5% |
| Current assets | 29/58 | €158,052 | €258,167 | +€100,114 | +63.3% |
| Amounts receivable within one year | 40/41 | €11,416 | €10,218 | -€1,198 | -10.5% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €11,416 | €10,218 | -€1,198 | -10.5% |
| Cash at bank and in hand | 54/58 | €142,804 | €246,345 | +€103,541 | +72.5% |
| Deferred charges and accrued income | 490/1 | €3,832 | €1,604 | -€2,228 | -58.1% |
| Total equity and liabilities | 10/49 | €329,488 | €411,633 | +€82,145 | +24.9% |
| Equity | 10/15 | €78,467 | €135,545 | +€57,078 | +72.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €57,078 | +€57,078 | |
| Distributable reserves | 133 | - | €57,078 | +€57,078 | |
| Profit (loss) carried forward | 14 | €77,967 | €77,967 | = | 0.0% |
| Amounts payable | 17/49 | €251,022 | €276,088 | +€25,066 | +10.0% |
| Amounts payable within one year | 42/48 | €251,022 | €276,088 | +€25,066 | +10.0% |
| Trade debts | 44 | €141,023 | €171,813 | +€30,789 | +21.8% |
| Suppliers | 440/4 | €141,023 | €171,813 | +€30,789 | +21.8% |
| Taxes, remuneration and social security | 45 | €63 | €4,532 | +€4,469 | +7130.3% |
| Taxes | 450/3 | - | €4,532 | +€4,532 | |
| Remuneration and social security | 454/9 | €63 | - | -€63 | |
| Other amounts payable | 47/48 | €109,936 | €99,744 | -€10,192 | -9.3% |
| Turnover | 70 | €180,345 | - | -€180,345 | |
| Goods, raw materials, services and sundry goods | 60/61 | €162,952 | - | -€162,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,013 | €15,993 | +€1,980 | +14.1% |
| Other operating charges | 640/8 | €2,457 | €2,273 | -€185 | -7.5% |
| Non-recurring operating charges | 66A | - | €2,213 | +€2,213 | |
| Gross operating margin | 9900 | €27,848 | €100,652 | +€72,804 | +261.4% |
| Operating profit (loss) | 9901 | €11,378 | €80,174 | +€68,796 | +604.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +270.4% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +270.4% |
| Financial charges | 65/66B | €726 | €319 | -€407 | -56.0% |
| Recurring financial charges | 65 | €726 | €319 | -€407 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €10,653 | €79,858 | +€69,204 | +649.6% |
| Income taxes | 67/77 | €258 | €22,779 | +€22,521 | +8722.7% |
| Profit (loss) for the period | 9904 | €10,395 | €57,078 | +€46,683 | +449.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,395 | €57,078 | +€46,683 | +449.1% |
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 3 October 2026 via checked.be.