T&C 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&C IMMO
Largest movements
- Receivables within one year -€19,140
down €19,140 (-74.7%), from €25,613 to €6,474
of which Trade receivables: -€22,510
- Cash +€18,587
up €18,587 (+56.3%), from €32,996 to €51,584
mainly Receivables within one year (+€19,140) and Net result for the year (+€5,620)
- Reserves +€5,620
up €5,620 (+11.7%), from €48,049 to €53,669
- Tax, wage and social debts -€5,144
down €5,144 (-49.5%), from €10,399 to €5,255
- Trade debts -€2,395
down €2,395 (-91.2%), from €2,625 to €230
- Short-term financial debts +€991
up €991 (+394%), from €251 to €1,243
of which Credit institutions: +€991
- Gross operating margin -€14,286
down €14,286 (-48.8%), from €29,255 to €14,969
- Taxes -€4,943
down €4,943 (-53.0%), from €9,332 to €4,388
- Financial charges +€930
up €930 (+216%), from €429 to €1,359
- Other operating charges +€408
up €408 (+37.2%), from €1,095 to €1,503
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 | €67,524 | €66,596 | -€928 | -1.4% |
| Fixed assets | 21/28 | €4,099 | €4,391 | +€292 | +7.1% |
| Tangible fixed assets | 22/27 | €4,099 | €4,391 | +€292 | +7.1% |
| Plant, machinery and equipment | 23 | €1,986 | €1,348 | -€638 | -32.1% |
| Furniture and vehicles | 24 | €2,113 | €3,043 | +€930 | +44.0% |
| Current assets | 29/58 | €63,425 | €62,205 | -€1,220 | -1.9% |
| Amounts receivable within one year | 40/41 | €25,613 | €6,474 | -€19,140 | -74.7% |
| Trade receivables | 40 | €22,510 | €0 | -€22,510 | -100% |
| Other amounts receivable | 41 | €3,103 | €6,474 | +€3,371 | +109% |
| Cash at bank and in hand | 54/58 | €32,996 | €51,584 | +€18,587 | +56.3% |
| Deferred charges and accrued income | 490/1 | €4,815 | €4,147 | -€668 | -13.9% |
| Total equity and liabilities | 10/49 | €67,524 | €66,596 | -€928 | -1.4% |
| Equity | 10/15 | €54,249 | €59,869 | +€5,620 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,049 | €53,669 | +€5,620 | +11.7% |
| Distributable reserves | 133 | €48,049 | €53,669 | +€5,620 | +11.7% |
| Amounts payable | 17/49 | €13,275 | €6,727 | -€6,548 | -49.3% |
| Amounts payable within one year | 42/48 | €13,275 | €6,727 | -€6,548 | -49.3% |
| Financial debts | 43 | €251 | €1,243 | +€991 | +394% |
| Credit institutions | 430/8 | €251 | €1,243 | +€991 | +394% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,625 | €230 | -€2,395 | -91.2% |
| Suppliers | 440/4 | €2,625 | €230 | -€2,395 | -91.2% |
| Taxes, remuneration and social security | 45 | €10,399 | €5,255 | -€5,144 | -49.5% |
| Taxes | 450/3 | €10,399 | €5,255 | -€5,144 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €2,375 | +€271 | +12.9% |
| Other operating charges | 640/8 | €1,095 | €1,503 | +€408 | +37.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,255 | €14,969 | -€14,286 | -48.8% |
| Operating profit (loss) | 9901 | €26,056 | €11,091 | -€14,965 | -57.4% |
| Financial income | 75/76B | €183 | €276 | +€93 | +50.8% |
| Recurring financial income | 75 | €183 | €276 | +€93 | +50.8% |
| Financial charges | 65/66B | €429 | €1,359 | +€930 | +216% |
| Recurring financial charges | 65 | €429 | €1,359 | +€930 | +216% |
| Profit (loss) for the period before taxes | 9903 | €25,809 | €10,008 | -€15,801 | -61.2% |
| Income taxes | 67/77 | €9,332 | €4,388 | -€4,943 | -53.0% |
| Profit (loss) for the period | 9904 | €16,478 | €5,620 | -€10,858 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,478 | €5,620 | -€10,858 | -65.9% |
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 15 October 2026 via checked.be.