IMMO TWR: 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 TWR
Largest movements
- Tangible fixed assets -€20,333
down €20,333 (-1.5%), from €1.3m to €1.3m
- Debts after one year -€96,864
down €96,864 (-11.2%), from €861,998 to €765,134
- Other debts +€67,298
up €67,298 (+18.6%), from €362,542 to €429,840
- Gross operating margin +€5,589
up €5,589 (+3.4%), from €163,372 to €168,961
- Taxes +€1,710
up €1,710 (+5.9%), from €29,174 to €30,883
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 | €1,353,189 | €1,336,948 | -€16,241 | -1.2% |
| Fixed assets | 21/28 | €1,346,389 | €1,326,056 | -€20,333 | -1.5% |
| Tangible fixed assets | 22/27 | €1,346,389 | €1,326,056 | -€20,333 | -1.5% |
| Land and buildings | 22 | €1,346,389 | €1,326,056 | -€20,333 | -1.5% |
| Current assets | 29/58 | €6,799 | €10,892 | +€4,092 | +60.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,665 | €9,702 | +€4,037 | +71.3% |
| Deferred charges and accrued income | 490/1 | €1,135 | €1,190 | +€55 | +4.9% |
| Total equity and liabilities | 10/49 | €1,353,189 | €1,336,948 | -€16,241 | -1.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,334,589 | €1,318,348 | -€16,241 | -1.2% |
| Amounts payable after more than one year | 17 | €861,998 | €765,134 | -€96,864 | -11.2% |
| Financial debts | 170/4 | €861,998 | €765,134 | -€96,864 | -11.2% |
| Amounts payable within one year | 42/48 | €472,590 | €553,214 | +€80,624 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €95,436 | €96,864 | +€1,428 | +1.5% |
| Financial debts | 43 | €7,438 | €12,170 | +€4,731 | +63.6% |
| Credit institutions | 430/8 | €7,438 | €12,170 | +€4,731 | +63.6% |
| Trade debts | 44 | - | €1,283 | +€1,283 | |
| Suppliers | 440/4 | - | €1,283 | +€1,283 | |
| Taxes, remuneration and social security | 45 | €7,174 | €13,057 | +€5,883 | +82.0% |
| Taxes | 450/3 | €7,174 | €13,057 | +€5,883 | +82.0% |
| Other amounts payable | 47/48 | €362,542 | €429,840 | +€67,298 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,333 | €20,333 | = | 0.0% |
| Other operating charges | 640/8 | €9,278 | €9,591 | +€313 | +3.4% |
| Gross operating margin | 9900 | €163,372 | €168,961 | +€5,589 | +3.4% |
| Operating profit (loss) | 9901 | €133,761 | €139,037 | +€5,276 | +3.9% |
| Financial charges | 65/66B | €17,067 | €15,728 | -€1,339 | -7.8% |
| Recurring financial charges | 65 | €17,067 | €15,728 | -€1,339 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €116,694 | €123,309 | +€6,615 | +5.7% |
| Income taxes | 67/77 | €29,174 | €30,883 | +€1,710 | +5.9% |
| Profit (loss) for the period | 9904 | €87,521 | €92,426 | +€4,905 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,521 | €92,426 | +€4,905 | +5.6% |
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.