LE TCHESLE IMMO: 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.
LE TCHESLE IMMO
Largest movements
- Cash +€159,953
up €159,953 (+263%), from €60,853 to €220,806
mainly Net result for the year (+€189,137) and Depreciation (+€129,941)
- Tangible fixed assets -€150,931
down €150,931 (-5.3%), from €2.8m to €2.7m
- Debts after one year -€175,866
down €175,866 (-8.0%), from €2.2m to €2.0m
- Reserves +€124,578
new in 2025: €124,578
- Advances received -€62,270
no longer reported in 2025 (was €62,270)
- Profit (loss) carried forward +€59,559
up €59,559 (+12.0%), from €496,093 to €555,652
- Provisions +€41,526
new in 2025: €41,526
- Gross operating margin +€157,900
up €157,900 (+54.8%), from €288,000 to €445,900
- Taxes +€21,520
new in 2025: €21,520
- Other operating charges +€16,882
new in 2025: €16,882
- Financial charges -€5,350
down €5,350 (-9.0%), from €59,594 to €54,244
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 | €2,964,423 | €2,992,445 | +€28,022 | +0.9% |
| Fixed assets | 21/28 | €2,841,554 | €2,690,623 | -€150,931 | -5.3% |
| Tangible fixed assets | 22/27 | €2,841,554 | €2,690,623 | -€150,931 | -5.3% |
| Land and buildings | 22 | €2,841,554 | €2,690,623 | -€150,931 | -5.3% |
| Current assets | 29/58 | €122,869 | €301,822 | +€178,953 | +146% |
| Amounts receivable within one year | 40/41 | €62,017 | €81,017 | +€19,000 | +30.6% |
| Other amounts receivable | 41 | €62,017 | €81,017 | +€19,000 | +30.6% |
| Cash at bank and in hand | 54/58 | €60,853 | €220,806 | +€159,953 | +263% |
| Total equity and liabilities | 10/49 | €2,964,423 | €2,992,445 | +€28,022 | +0.9% |
| Equity | 10/15 | €540,193 | €738,980 | +€198,787 | +36.8% |
| Contributions | 10/11 | - | €22,000 | +€22,000 | |
| Capital | 10 | - | €22,000 | +€22,000 | |
| Issued capital | 100 | - | €22,000 | +€22,000 | |
| Reserves | 13 | - | €124,578 | +€124,578 | |
| Tax-exempt reserves | 132 | - | €124,578 | +€124,578 | |
| Profit (loss) carried forward | 14 | €496,093 | €555,652 | +€59,559 | +12.0% |
| Investment grants | 15 | €44,100 | €36,750 | -€7,350 | -16.7% |
| Provisions and deferred taxes | 16 | - | €41,526 | +€41,526 | |
| Deferred taxes | 168 | - | €41,526 | +€41,526 | |
| Amounts payable | 17/49 | €2,424,230 | €2,211,939 | -€212,291 | -8.8% |
| Amounts payable after more than one year | 17 | €2,190,090 | €2,014,224 | -€175,866 | -8.0% |
| Financial debts | 170/4 | €2,190,090 | €2,014,224 | -€175,866 | -8.0% |
| Amounts payable within one year | 42/48 | €234,140 | €197,714 | -€36,426 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €171,870 | €175,866 | +€3,995 | +2.3% |
| Trade debts | 44 | - | €329 | +€329 | |
| Suppliers | 440/4 | - | €329 | +€329 | |
| Advances received on contracts in progress | 46 | €62,270 | - | -€62,270 | |
| Taxes, remuneration and social security | 45 | - | €21,520 | +€21,520 | |
| Taxes | 450/3 | - | €21,520 | +€21,520 | |
| Non-recurring operating income | 76A | - | €166,104 | +€166,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,007 | €129,941 | -€66 | -0.1% |
| Other operating charges | 640/8 | - | €16,882 | +€16,882 | |
| Gross operating margin | 9900 | €288,000 | €445,900 | +€157,900 | +54.8% |
| Operating profit (loss) | 9901 | €157,993 | €299,077 | +€141,084 | +89.3% |
| Financial income | 75/76B | €7,350 | €7,350 | = | 0.0% |
| Recurring financial income | 75 | €7,350 | €7,350 | = | 0.0% |
| Financial charges | 65/66B | €59,594 | €54,244 | -€5,350 | -9.0% |
| Recurring financial charges | 65 | €59,594 | €54,244 | -€5,350 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €105,750 | €252,183 | +€146,434 | +138% |
| Transfer to deferred taxes | 680 | - | €41,526 | +€41,526 | |
| Income taxes | 67/77 | - | €21,520 | +€21,520 | |
| Profit (loss) for the period | 9904 | €105,750 | €189,137 | +€83,388 | +78.9% |
| Transfer to tax-exempt reserves | 689 | - | €124,578 | +€124,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,750 | €64,559 | -€41,190 | -39.0% |
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.