IMMO-TROIANI: what changed
What changed
IMMO-TROIANI
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€638,047
2024 · €867,160-€229,113
Equity
€4.1m
2024 · €3.5m+€638,047
Cash
€210,216
2024 · €362,168-€151,952
Balance sheet total
€6.9m
2024 · €6.9m-€50,658
Largest movements
Assets
- Receivables within one year +€184,674
up €184,674 (+30.2%), from €612,222 to €796,896
of which Trade receivables: +€116,182
- Cash -€151,952
down €151,952 (-42.0%), from €362,168 to €210,216
mainly Other debts (-€598,796) and Advances received (-€278,450)
- Stocks and contracts -€137,965
down €137,965 (-27.2%), from €507,578 to €369,612
of which Contracts in progress: -€125,887
Equity and liabilities
- Reserves +€638,047
up €638,047 (+22.7%), from €2.8m to €3.4m
- Other debts -€598,796
down €598,796 (-35.3%), from €1.7m to €1.1m
- Trade debts +€352,306
up €352,306 (+46.1%), from €764,670 to €1.1m
- Advances received -€278,450
down €278,450 (-42.9%), from €649,673 to €371,223
- Current portion of long-term debt -€149,952
down €149,952 (-69.6%), from €215,458 to €65,506
Income statement
- Gross operating margin -€609,054
down €609,054 (-36.3%), from €1.7m to €1.1m
- Financial income +€301,787
up €301,787 (+99.8%), from €302,358 to €604,145
- Taxes -€168,161
down €168,161 (-85.4%), from €196,999 to €28,838
- Staff costs +€94,900
up €94,900 (+11.4%), from €835,991 to €930,891
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€867,160
Gross operating margin
-€609,054
Staff costs
-€94,900
Depreciation
-€3,620
Other operating charges
+€236
Other operating items
+€9,622
Financial income
+€301,787
Financial charges
-€1,344
Taxes
+€168,161
Result 2025
€638,047
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€112,687
Investment
-€91,459
Financing
-€173,180
Cash 2024
€362,168
From operations (derived)
+€112,687
Net result for the year
+€638,047
Depreciation
+€42,933
Stocks and contracts
+€137,965
Receivables within one year
-€184,674
Deferred charges and accrued income
-€6,059
Trade debts
+€352,306
Tax, wage and social debts
+€9,629
Advances received
-€278,450
Other debts
-€598,796
Accrued charges and deferred income
-€214
Investment (derived)
-€91,459
Investment in fixed assets (net)
-€40,731
Current investments
-€50,728
Financing
-€173,180
Debts after one year
-€23,228
Current portion of long-term debt
-€149,952
Cash 2025
€210,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,909,856 | €6,859,198 | -€50,658 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,073,381 | €5,071,178 | -€2,202 | 0.0% |
| Tangible fixed assets | 22/27 | €81,973 | €79,770 | -€2,202 | -2.7% |
| Plant, machinery and equipment | 23 | €2,378 | €1,401 | -€977 | -41.1% |
| Furniture and vehicles | 24 | €79,594 | €78,369 | -€1,225 | -1.5% |
| Financial fixed assets | 28 | €4,991,408 | €4,991,408 | = | 0.0% |
| Current assets | 29/58 | €1,836,475 | €1,788,020 | -€48,456 | -2.6% |
| Stocks and contracts in progress | 3 | €507,578 | €369,612 | -€137,965 | -27.2% |
| Stocks | 30/36 | €230,019 | €217,940 | -€12,078 | -5.3% |
| Contracts in progress | 37 | €277,559 | €151,672 | -€125,887 | -45.4% |
| Amounts receivable within one year | 40/41 | €612,222 | €796,896 | +€184,674 | +30.2% |
| Trade receivables | 40 | €526,256 | €642,438 | +€116,182 | +22.1% |
| Other amounts receivable | 41 | €85,966 | €154,458 | +€68,492 | +79.7% |
| Current investments | 50/53 | €350,000 | €400,728 | +€50,728 | +14.5% |
| Cash at bank and in hand | 54/58 | €362,168 | €210,216 | -€151,952 | -42.0% |
| Deferred charges and accrued income | 490/1 | €4,508 | €10,567 | +€6,059 | +134% |
| Total equity and liabilities | 10/49 | €6,909,856 | €6,859,198 | -€50,658 | -0.7% |
| Equity | 10/15 | €3,511,560 | €4,149,608 | +€638,047 | +18.2% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €2,811,560 | €3,449,608 | +€638,047 | +22.7% |
| Distributable reserves | 133 | €2,811,560 | €3,449,608 | +€638,047 | +22.7% |
| Amounts payable | 17/49 | €3,398,296 | €2,709,591 | -€688,705 | -20.3% |
| Amounts payable after more than one year | 17 | €42,808 | €19,580 | -€23,228 | -54.3% |
| Financial debts | 170/4 | €42,808 | €19,580 | -€23,228 | -54.3% |
| Amounts payable within one year | 42/48 | €3,354,983 | €2,689,720 | -€665,263 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €215,458 | €65,506 | -€149,952 | -69.6% |
| Trade debts | 44 | €764,670 | €1,116,977 | +€352,306 | +46.1% |
| Suppliers | 440/4 | €764,670 | €1,116,977 | +€352,306 | +46.1% |
| Advances received on contracts in progress | 46 | €649,673 | €371,223 | -€278,450 | -42.9% |
| Taxes, remuneration and social security | 45 | €27,451 | €37,079 | +€9,629 | +35.1% |
| Taxes | 450/3 | €5,214 | €9,523 | +€4,309 | +82.7% |
| Remuneration and social security | 454/9 | €22,237 | €27,556 | +€5,319 | +23.9% |
| Other amounts payable | 47/48 | €1,697,731 | €1,098,935 | -€598,796 | -35.3% |
| Accrued charges and deferred income | 492/3 | €505 | €291 | -€214 | -42.4% |
| Non-recurring operating income | 76A | €4,149 | €824 | -€3,325 | -80.1% |
| Remuneration, social security and pensions | 62 | €835,991 | €930,891 | +€94,900 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,314 | €42,933 | +€3,620 | +9.2% |
| Other operating charges | 640/8 | €8,116 | €7,880 | -€236 | -2.9% |
| Non-recurring operating charges | 66A | €10,979 | €1,358 | -€9,622 | -87.6% |
| Gross operating margin | 9900 | €1,677,461 | €1,068,407 | -€609,054 | -36.3% |
| Operating profit (loss) | 9901 | €783,061 | €85,345 | -€697,716 | -89.1% |
| Financial income | 75/76B | €302,358 | €604,145 | +€301,787 | +99.8% |
| Recurring financial income | 75 | €302,358 | €604,145 | +€301,787 | +99.8% |
| Financial charges | 65/66B | €21,260 | €22,605 | +€1,344 | +6.3% |
| Recurring financial charges | 65 | €21,260 | €22,605 | +€1,344 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €1,064,159 | €666,885 | -€397,274 | -37.3% |
| Income taxes | 67/77 | €196,999 | €28,838 | -€168,161 | -85.4% |
| Profit (loss) for the period | 9904 | €867,160 | €638,047 | -€229,113 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €867,160 | €638,047 | -€229,113 | -26.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.