ImmoTWA: 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.
ImmoTWA
Largest movements
- Cash +€4,420
up €4,420 (+18.5%), from €23,849 to €28,269
mainly Net result for the year (+€7,356) and Depreciation (+€415)
- Receivables within one year +€3,252
up €3,252 (+38.5%), from €8,447 to €11,699
of which Trade receivables: +€3,249
- Reserves +€7,356
up €7,356 (+42.1%), from €17,483 to €24,839
- Gross operating margin +€4,434
up €4,434 (+67.6%), from €6,558 to €10,991
- Other operating charges -€1,162
down €1,162 (-74.4%), from €1,561 to €400
- Taxes +€1,019
up €1,019 (+66.7%), from €1,527 to €2,545
- Financial charges +€115
up €115 (+72.3%), from €160 to €275
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 | €34,921 | €42,206 | +€7,285 | +20.9% |
| Fixed assets | 21/28 | €1,932 | €1,517 | -€415 | -21.5% |
| Tangible fixed assets | 22/27 | €1,932 | €1,517 | -€415 | -21.5% |
| Plant, machinery and equipment | 23 | €1,932 | €1,517 | -€415 | -21.5% |
| Current assets | 29/58 | €32,988 | €40,688 | +€7,700 | +23.3% |
| Amounts receivable within one year | 40/41 | €8,447 | €11,699 | +€3,252 | +38.5% |
| Trade receivables | 40 | €8,383 | €11,631 | +€3,249 | +38.8% |
| Other amounts receivable | 41 | €64 | €68 | +€4 | +5.8% |
| Cash at bank and in hand | 54/58 | €23,849 | €28,269 | +€4,420 | +18.5% |
| Deferred charges and accrued income | 490/1 | €693 | €721 | +€28 | +4.0% |
| Total equity and liabilities | 10/49 | €34,921 | €42,206 | +€7,285 | +20.9% |
| Equity | 10/15 | €22,483 | €29,839 | +€7,356 | +32.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,483 | €24,839 | +€7,356 | +42.1% |
| Distributable reserves | 133 | €17,483 | €24,839 | +€7,356 | +42.1% |
| Amounts payable | 17/49 | €12,438 | €12,367 | -€71 | -0.6% |
| Amounts payable within one year | 42/48 | €12,438 | €12,367 | -€71 | -0.6% |
| Trade debts | 44 | €3,308 | €3,295 | -€13 | -0.4% |
| Suppliers | 440/4 | €3,308 | €3,295 | -€13 | -0.4% |
| Taxes, remuneration and social security | 45 | €9,130 | €9,072 | -€58 | -0.6% |
| Taxes | 450/3 | €6,293 | €6,212 | -€81 | -1.3% |
| Remuneration and social security | 454/9 | €2,837 | €2,860 | +€23 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €415 | +€76 | +22.3% |
| Other operating charges | 640/8 | €1,561 | €400 | -€1,162 | -74.4% |
| Gross operating margin | 9900 | €6,558 | €10,991 | +€4,434 | +67.6% |
| Operating profit (loss) | 9901 | €4,657 | €10,176 | +€5,519 | +118.5% |
| Financial charges | 65/66B | €160 | €275 | +€115 | +72.3% |
| Recurring financial charges | 65 | €160 | €275 | +€115 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €4,497 | €9,902 | +€5,404 | +120.2% |
| Income taxes | 67/77 | €1,527 | €2,545 | +€1,019 | +66.7% |
| Profit (loss) for the period | 9904 | €2,971 | €7,356 | +€4,386 | +147.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,971 | €7,356 | +€4,386 | +147.6% |
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 11 October 2026 via checked.be.