NTC IMMO: 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.
NTC IMMO
Largest movements
- Tangible fixed assets -€27,375
down €27,375 (-5.3%), from €512,346 to €484,971
- Debts after one year -€19,537
down €19,537 (-3.9%), from €506,458 to €486,921
- Profit (loss) carried forward -€13,785
down €13,785 (-282.9%), from -€4,872 to -€18,656
- Gross operating margin -€97,124
down €97,124 (-70.4%), from €138,035 to €40,911
- Depreciation -€85,743
down €85,743 (-75.8%), from €113,118 to €27,375
- Financial charges -€5,556
down €5,556 (-19.6%), from €28,398 to €22,842
- Other operating charges +€3,087
up €3,087 (+221.9%), from €1,391 to €4,479
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 | €569,471 | €541,821 | -€27,649 | -4.9% |
| Fixed assets | 21/28 | €512,346 | €484,971 | -€27,375 | -5.3% |
| Tangible fixed assets | 22/27 | €512,346 | €484,971 | -€27,375 | -5.3% |
| Land and buildings | 22 | €512,346 | €484,971 | -€27,375 | -5.3% |
| Current assets | 29/58 | €57,125 | €56,850 | -€274 | -0.5% |
| Amounts receivable within one year | 40/41 | €56,701 | €55,849 | -€852 | -1.5% |
| Other amounts receivable | 41 | €56,701 | €55,849 | -€852 | -1.5% |
| Cash at bank and in hand | 54/58 | €32 | €585 | +€553 | +1714.1% |
| Deferred charges and accrued income | 490/1 | €391 | €416 | +€25 | +6.3% |
| Total equity and liabilities | 10/49 | €569,471 | €541,821 | -€27,649 | -4.9% |
| Equity | 10/15 | €5,128 | -€8,656 | -€13,785 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,872 | -€18,656 | -€13,785 | -282.9% |
| Amounts payable | 17/49 | €564,343 | €550,478 | -€13,865 | -2.5% |
| Amounts payable after more than one year | 17 | €506,458 | €486,921 | -€19,537 | -3.9% |
| Financial debts | 170/4 | €506,458 | €486,921 | -€19,537 | -3.9% |
| Amounts payable within one year | 42/48 | €57,885 | €63,557 | +€5,672 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €20,250 | €21,128 | +€878 | +4.3% |
| Financial debts | 43 | €372 | €454 | +€82 | +21.9% |
| Credit institutions | 430/8 | €372 | €454 | +€82 | +21.9% |
| Trade debts | 44 | €763 | €1,054 | +€291 | +38.2% |
| Suppliers | 440/4 | €763 | €1,054 | +€291 | +38.2% |
| Other amounts payable | 47/48 | €36,500 | €40,922 | +€4,422 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,118 | €27,375 | -€85,743 | -75.8% |
| Other operating charges | 640/8 | €1,391 | €4,479 | +€3,087 | +221.9% |
| Gross operating margin | 9900 | €138,035 | €40,911 | -€97,124 | -70.4% |
| Operating profit (loss) | 9901 | €23,526 | €9,058 | -€14,469 | -61.5% |
| Financial charges | 65/66B | €28,398 | €22,842 | -€5,556 | -19.6% |
| Recurring financial charges | 65 | €28,398 | €22,842 | -€5,556 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,872 | -€13,785 | -€8,913 | -182.9% |
| Profit (loss) for the period | 9904 | -€4,872 | -€13,785 | -€8,913 | -182.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,872 | -€13,785 | -€8,913 | -182.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.