TA IMMO MANAGEMENT: 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.
TA IMMO MANAGEMENT
Largest movements
- Tangible fixed assets +€150,589
up €150,589 (+69.4%), from €216,976 to €367,565
of which Land and buildings: +€145,393
- Financial fixed assets -€148,000
down €148,000 (-27.9%), from €529,587 to €381,587
- Cash -€61,234
down €61,234 (-97.9%), from €62,541 to €1,307
mainly Other debts (-€66,794) and Net result for the year (-€35,007)
- Receivables within one year -€12,750
down €12,750 (-17.1%), from €74,713 to €61,964
of which Trade receivables: -€14,359
- Other debts -€66,794
down €66,794 (-11.4%), from €588,295 to €521,501
- Profit (loss) carried forward -€35,007
down €35,007 (-30.8%), from -€113,825 to -€148,832
- Accrued charges and deferred income +€28,731
up €28,731 (+63.4%), from €45,289 to €74,020
- Gross operating margin -€22,961
down €22,961 (-43.3%), from €52,969 to €30,008
- Other operating charges +€8,268
up €8,268 (+150%), from €5,498 to €13,766
- Depreciation +€7,615
up €7,615 (+51.1%), from €14,910 to €22,524
- Financial charges -€3,344
down €3,344 (-10.8%), from €31,087 to €27,743
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €887,470 | €815,825 | -€71,645 | -8.1% |
| Fixed assets | 21/28 | €749,752 | €752,011 | +€2,259 | +0.3% |
| Intangible fixed assets | 21 | €3,189 | €2,859 | -€330 | -10.3% |
| Tangible fixed assets | 22/27 | €216,976 | €367,565 | +€150,589 | +69.4% |
| Land and buildings | 22 | €211,759 | €357,151 | +€145,393 | +68.7% |
| Plant, machinery and equipment | 23 | €1,947 | €2,389 | +€442 | +22.7% |
| Furniture and vehicles | 24 | €3,270 | €8,024 | +€4,755 | +145% |
| Financial fixed assets | 28 | €529,587 | €381,587 | -€148,000 | -27.9% |
| Current assets | 29/58 | €137,718 | €63,814 | -€73,904 | -53.7% |
| Amounts receivable within one year | 40/41 | €74,713 | €61,964 | -€12,750 | -17.1% |
| Trade receivables | 40 | €65,201 | €50,842 | -€14,359 | -22.0% |
| Other amounts receivable | 41 | €9,512 | €11,122 | +€1,609 | +16.9% |
| Cash at bank and in hand | 54/58 | €62,541 | €1,307 | -€61,234 | -97.9% |
| Deferred charges and accrued income | 490/1 | €464 | €543 | +€79 | +17.0% |
| Total equity and liabilities | 10/49 | €887,470 | €815,825 | -€71,645 | -8.1% |
| Equity | 10/15 | €110,177 | €75,169 | -€35,007 | -31.8% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €5,402 | €5,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,542 | €3,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,825 | -€148,832 | -€35,007 | -30.8% |
| Amounts payable | 17/49 | €777,293 | €740,655 | -€36,638 | -4.7% |
| Amounts payable after more than one year | 17 | €131,345 | €130,445 | -€900 | -0.7% |
| Financial debts | 170/4 | €131,345 | €130,445 | -€900 | -0.7% |
| Amounts payable within one year | 42/48 | €600,659 | €536,190 | -€64,469 | -10.7% |
| Trade debts | 44 | €10,710 | €13,036 | +€2,325 | +21.7% |
| Suppliers | 440/4 | €10,710 | €13,036 | +€2,325 | +21.7% |
| Taxes, remuneration and social security | 45 | €1,654 | €1,654 | = | 0.0% |
| Taxes | 450/3 | €1,654 | €1,654 | = | 0.0% |
| Other amounts payable | 47/48 | €588,295 | €521,501 | -€66,794 | -11.4% |
| Accrued charges and deferred income | 492/3 | €45,289 | €74,020 | +€28,731 | +63.4% |
| Non-recurring operating income | 76A | €64,719 | - | -€64,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,910 | €22,524 | +€7,615 | +51.1% |
| Other operating charges | 640/8 | €5,498 | €13,766 | +€8,268 | +150% |
| Non-recurring operating charges | 66A | - | €886 | +€886 | |
| Gross operating margin | 9900 | €52,969 | €30,008 | -€22,961 | -43.3% |
| Operating profit (loss) | 9901 | €32,561 | -€7,168 | -€39,729 | |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €31,087 | €27,743 | -€3,344 | -10.8% |
| Recurring financial charges | 65 | €31,087 | €27,743 | -€3,344 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €1,474 | -€34,862 | -€36,336 | |
| Income taxes | 67/77 | €145 | €145 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,329 | -€35,007 | -€36,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,329 | -€35,007 | -€36,336 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.