TACLO-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.
TACLO-IMMO
Largest movements
- Receivables within one year -€252,924
down €252,924 (-100%), from €252,924 to €0
of which Other amounts receivable: -€252,924
- Cash +€152,648
up €152,648 (+202%), from €75,569 to €228,217
mainly Receivables within one year (+€252,924) and Depreciation (+€42,108)
- Tangible fixed assets +€61,245
up €61,245 (+8.4%), from €732,962 to €794,207
- Reserves -€39,320
down €39,320 (-7.2%), from €542,407 to €503,087
of which Distributable reserves: -€39,320
- Gross operating margin +€31,329
up €31,329 (+177%), from €17,684 to €49,013
- Financial income -€9,599
down €9,599 (-99.5%), from €9,649 to €50
- Other operating charges +€6,870
up €6,870 (+17.5%), from €39,359 to €46,229
- Depreciation +€6,249
up €6,249 (+17.4%), from €35,858 to €42,108
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 | €1,061,455 | €1,022,424 | -€39,031 | -3.7% |
| Fixed assets | 21/28 | €732,962 | €794,207 | +€61,245 | +8.4% |
| Tangible fixed assets | 22/27 | €732,962 | €794,207 | +€61,245 | +8.4% |
| Land and buildings | 22 | €732,962 | €794,207 | +€61,245 | +8.4% |
| Current assets | 29/58 | €328,493 | €228,217 | -€100,276 | -30.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €252,924 | €0 | -€252,924 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €252,924 | €0 | -€252,924 | -100% |
| Cash at bank and in hand | 54/58 | €75,569 | €228,217 | +€152,648 | +202% |
| Total equity and liabilities | 10/49 | €1,061,455 | €1,022,424 | -€39,031 | -3.7% |
| Equity | 10/15 | €1,061,030 | €1,021,710 | -€39,320 | -3.7% |
| Contributions | 10/11 | €518,623 | €518,623 | = | 0.0% |
| Capital | 10 | €517,000 | €517,000 | = | 0.0% |
| Issued capital | 100 | €517,000 | €517,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,623 | €1,623 | = | 0.0% |
| Share premium | 1100/10 | €1,623 | €1,623 | = | 0.0% |
| Reserves | 13 | €542,407 | €503,087 | -€39,320 | -7.2% |
| Non-distributable reserves | 130/1 | €51,700 | €51,700 | = | 0.0% |
| Legal reserve | 130 | €51,700 | €51,700 | = | 0.0% |
| Distributable reserves | 133 | €490,707 | €451,387 | -€39,320 | -8.0% |
| Amounts payable | 17/49 | €425 | €714 | +€289 | +68.0% |
| Amounts payable within one year | 42/48 | €425 | €714 | +€289 | +68.0% |
| Trade debts | 44 | €379 | €0 | -€379 | -100% |
| Suppliers | 440/4 | €379 | €0 | -€379 | -100% |
| Taxes, remuneration and social security | 45 | €46 | €714 | +€668 | +1,446% |
| Taxes | 450/3 | €46 | €714 | +€668 | +1,446% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,858 | €42,108 | +€6,249 | +17.4% |
| Other operating charges | 640/8 | €39,359 | €46,229 | +€6,870 | +17.5% |
| Gross operating margin | 9900 | €17,684 | €49,013 | +€31,329 | +177% |
| Operating profit (loss) | 9901 | -€57,534 | -€39,324 | +€18,210 | +31.7% |
| Financial income | 75/76B | €9,649 | €50 | -€9,599 | -99.5% |
| Recurring financial income | 75 | €9,649 | €50 | -€9,599 | -99.5% |
| Financial charges | 65/66B | €76 | €46 | -€30 | -39.0% |
| Recurring financial charges | 65 | €76 | €46 | -€30 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,961 | -€39,320 | +€8,640 | +18.0% |
| Income taxes | 67/77 | €51 | €0 | -€51 | -100% |
| Profit (loss) for the period | 9904 | -€48,011 | -€39,320 | +€8,691 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,011 | -€39,320 | +€8,691 | +18.1% |
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 16 October 2026 via checked.be.