T.A.B. 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.
T.A.B. IMMO
Largest movements
- Tangible fixed assets -€64,587
down €64,587 (-3.2%), from €2.0m to €1.9m
of which Land and buildings: -€63,227
- Debts after one year -€227,099
down €227,099 (-14.9%), from €1.5m to €1.3m
- Profit (loss) carried forward +€154,215
up €154,215 (+155%), from €99,330 to €253,546
- Turnover +€321,917
new in 2025: €321,917
- Depreciation -€63,717
down €63,717 (-49.7%), from €128,304 to €64,587
- Purchases and services +€51,564
new in 2025: €51,564
- Gross operating margin +€38,065
up €38,065 (+16.4%), from €232,698 to €270,763
- Other operating charges +€18,068
up €18,068 (+226%), from €7,986 to €26,054
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 | €2,027,328 | €1,952,775 | -€74,553 | -3.7% |
| Fixed assets | 21/28 | €2,008,206 | €1,943,619 | -€64,587 | -3.2% |
| Tangible fixed assets | 22/27 | €2,006,594 | €1,942,007 | -€64,587 | -3.2% |
| Land and buildings | 22 | €2,001,154 | €1,937,927 | -€63,227 | -3.2% |
| Plant, machinery and equipment | 23 | €5,440 | €4,080 | -€1,360 | -25.0% |
| Financial fixed assets | 28 | €1,612 | €1,612 | = | 0.0% |
| Current assets | 29/58 | €19,122 | €9,156 | -€9,966 | -52.1% |
| Amounts receivable within one year | 40/41 | €3,994 | - | -€3,994 | |
| Other amounts receivable | 41 | €3,994 | - | -€3,994 | |
| Cash at bank and in hand | 54/58 | €15,127 | €9,156 | -€5,971 | -39.5% |
| Total equity and liabilities | 10/49 | €2,027,328 | €1,952,775 | -€74,553 | -3.7% |
| Equity | 10/15 | €252,124 | €406,340 | +€154,215 | +61.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Contributions outside capital | 11 | €150,000 | €150,000 | = | 0.0% |
| Share premium | 1100/10 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,794 | €2,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,794 | €2,794 | = | 0.0% |
| Legal reserve | 130 | €2,794 | €2,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,330 | €253,546 | +€154,215 | +155% |
| Amounts payable | 17/49 | €1,775,203 | €1,546,435 | -€228,768 | -12.9% |
| Amounts payable after more than one year | 17 | €1,523,506 | €1,296,407 | -€227,099 | -14.9% |
| Financial debts | 170/4 | €1,523,506 | €1,296,407 | -€227,099 | -14.9% |
| Amounts payable within one year | 42/48 | €217,743 | €229,214 | +€11,471 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €192,823 | €192,618 | -€205 | -0.1% |
| Trade debts | 44 | €12,020 | €23,696 | +€11,676 | +97.1% |
| Suppliers | 440/4 | €12,020 | €23,696 | +€11,676 | +97.1% |
| Other amounts payable | 47/48 | €12,900 | €12,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33,955 | €20,814 | -€13,141 | -38.7% |
| Turnover | 70 | - | €321,917 | +€321,917 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €51,564 | +€51,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,304 | €64,587 | -€63,717 | -49.7% |
| Other operating charges | 640/8 | €7,986 | €26,054 | +€18,068 | +226% |
| Gross operating margin | 9900 | €232,698 | €270,763 | +€38,065 | +16.4% |
| Operating profit (loss) | 9901 | €96,408 | €180,121 | +€83,713 | +86.8% |
| Financial charges | 65/66B | €35,702 | €25,906 | -€9,796 | -27.4% |
| Recurring financial charges | 65 | €35,702 | €25,906 | -€9,796 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €60,706 | €154,215 | +€93,509 | +154% |
| Income taxes | 67/77 | €15,912 | - | -€15,912 | |
| Profit (loss) for the period | 9904 | €44,794 | €154,215 | +€109,421 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €44,794 | €154,215 | +€109,421 | +244% |
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 14 October 2026 via checked.be.