IMMO TRUVAN: 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 TRUVAN
Largest movements
- Cash +€49,412
up €49,412 (+5783.5%), from €854 to €50,266
mainly Deferred charges and accrued income (+€24,474) and Net result for the year (+€13,512)
- Deferred charges and accrued income -€24,474
down €24,474 (-100.0%), from €24,474 to €0
- Tangible fixed assets -€8,251
down €8,251 (-17.0%), from €48,514 to €40,264
of which Land and buildings: -€6,761
- Profit (loss) carried forward +€10,619
up €10,619, from -€10,619 to €0
- Reserves +€2,893
up €2,893 (+21.5%), from €13,434 to €16,327
- Other debts +€2,770
up €2,770 (+28.5%), from €9,710 to €12,480
- Gross operating margin +€1,838
up €1,838 (+7.9%), from €23,342 to €25,180
- Taxes +€405
new in 2025: €405
- Financial charges -€328
down €328 (-49.9%), from €658 to €330
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 | €74,525 | €91,212 | +€16,687 | +22.4% |
| Fixed assets | 21/28 | €49,196 | €40,945 | -€8,251 | -16.8% |
| Tangible fixed assets | 22/27 | €48,514 | €40,264 | -€8,251 | -17.0% |
| Land and buildings | 22 | €39,121 | €32,360 | -€6,761 | -17.3% |
| Other tangible fixed assets | 26 | €9,394 | €7,903 | -€1,490 | -15.9% |
| Financial fixed assets | 28 | €682 | €682 | = | 0.0% |
| Current assets | 29/58 | €25,329 | €50,266 | +€24,938 | +98.5% |
| Cash at bank and in hand | 54/58 | €854 | €50,266 | +€49,412 | +5783.5% |
| Deferred charges and accrued income | 490/1 | €24,474 | €0 | -€24,474 | -100.0% |
| Total equity and liabilities | 10/49 | €74,525 | €91,212 | +€16,687 | +22.4% |
| Equity | 10/15 | €64,815 | €78,327 | +€13,512 | +20.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,434 | €16,327 | +€2,893 | +21.5% |
| Distributable reserves | 133 | €13,434 | €16,327 | +€2,893 | +21.5% |
| Profit (loss) carried forward | 14 | -€10,619 | €0 | +€10,619 | |
| Amounts payable | 17/49 | €9,710 | €12,885 | +€3,175 | +32.7% |
| Amounts payable within one year | 42/48 | €9,710 | €12,885 | +€3,175 | +32.7% |
| Taxes, remuneration and social security | 45 | - | €405 | +€405 | |
| Taxes | 450/3 | - | €405 | +€405 | |
| Other amounts payable | 47/48 | €9,710 | €12,480 | +€2,770 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €8,251 | = | 0.0% |
| Other operating charges | 640/8 | €2,934 | €2,682 | -€252 | -8.6% |
| Gross operating margin | 9900 | €23,342 | €25,180 | +€1,838 | +7.9% |
| Operating profit (loss) | 9901 | €12,158 | €14,247 | +€2,089 | +17.2% |
| Financial charges | 65/66B | €658 | €330 | -€328 | -49.9% |
| Recurring financial charges | 65 | €658 | €330 | -€328 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €11,499 | €13,917 | +€2,418 | +21.0% |
| Income taxes | 67/77 | - | €405 | +€405 | |
| Profit (loss) for the period | 9904 | €11,499 | €13,512 | +€2,013 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,499 | €13,512 | +€2,013 | +17.5% |
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 4 October 2026 via checked.be.