IMMOBILIERE TEBALDI: 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.
IMMOBILIERE TEBALDI
Largest movements
- Receivables within one year +€7,017
up €7,017 (+110%), from €6,368 to €13,385
of which Trade receivables: +€9,836
- Deferred charges and accrued income +€3,460
up €3,460 (+182%), from €1,898 to €5,359
- Trade debts +€3,615
up €3,615 (+81.4%), from €4,439 to €8,053
- Profit (loss) carried forward +€2,830
up €2,830 (+1.7%), from €165,548 to €168,378
- Gross operating margin -€26,757
down €26,757 (-51.2%), from €52,242 to €25,485
- Write-downs -€7,790
down €7,790, from €7,440 to -€350
- Taxes -€6,191
down €6,191 (-79.9%), from €7,748 to €1,557
- Depreciation +€4,524
up €4,524 (+29.3%), from €15,442 to €19,966
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.
Derived cash bridge
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 | €223,007 | €231,480 | +€8,473 | +3.8% |
| Fixed assets | 21/28 | €187,688 | €187,722 | +€34 | 0.0% |
| Tangible fixed assets | 22/27 | €187,438 | €187,472 | +€34 | 0.0% |
| Land and buildings | 22 | €155,522 | €148,153 | -€7,370 | -4.7% |
| Plant, machinery and equipment | 23 | €13,157 | €26,584 | +€13,427 | +102% |
| Furniture and vehicles | 24 | €16,040 | €10,925 | -€5,115 | -31.9% |
| Other tangible fixed assets | 26 | €2,718 | €1,810 | -€909 | -33.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €35,320 | €43,758 | +€8,439 | +23.9% |
| Amounts receivable within one year | 40/41 | €6,368 | €13,385 | +€7,017 | +110% |
| Trade receivables | 40 | €2,886 | €12,722 | +€9,836 | +341% |
| Other amounts receivable | 41 | €3,482 | €663 | -€2,819 | -81.0% |
| Cash at bank and in hand | 54/58 | €27,054 | €25,015 | -€2,039 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,898 | €5,359 | +€3,460 | +182% |
| Total equity and liabilities | 10/49 | €223,007 | €231,480 | +€8,473 | +3.8% |
| Equity | 10/15 | €199,633 | €202,463 | +€2,830 | +1.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,548 | €168,378 | +€2,830 | +1.7% |
| Amounts payable | 17/49 | €23,374 | €29,017 | +€5,643 | +24.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,374 | €29,017 | +€5,643 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,439 | €8,053 | +€3,615 | +81.4% |
| Suppliers | 440/4 | €4,439 | €8,053 | +€3,615 | +81.4% |
| Taxes, remuneration and social security | 45 | €9,596 | €9,698 | +€101 | +1.1% |
| Taxes | 450/3 | €9,596 | €9,698 | +€101 | +1.1% |
| Other amounts payable | 47/48 | €9,339 | €11,266 | +€1,927 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,442 | €19,966 | +€4,524 | +29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,440 | -€350 | -€7,790 | |
| Other operating charges | 640/8 | €1,164 | €1,385 | +€221 | +19.0% |
| Gross operating margin | 9900 | €52,242 | €25,485 | -€26,757 | -51.2% |
| Operating profit (loss) | 9901 | €28,196 | €4,483 | -€23,712 | -84.1% |
| Financial income | 75/76B | €445 | €60 | -€385 | -86.6% |
| Recurring financial income | 75 | €445 | €60 | -€385 | -86.6% |
| Financial charges | 65/66B | €642 | €156 | -€486 | -75.7% |
| Recurring financial charges | 65 | €642 | €156 | -€486 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €27,999 | €4,387 | -€23,612 | -84.3% |
| Income taxes | 67/77 | €7,748 | €1,557 | -€6,191 | -79.9% |
| Profit (loss) for the period | 9904 | €20,251 | €2,830 | -€17,421 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,251 | €2,830 | -€17,421 | -86.0% |
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 27 October 2026 via checked.be.