TAM 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.
TAM IMMO
Largest movements
- Tangible fixed assets +€162,410
up €162,410 (+46.0%), from €353,439 to €515,849
of which Land and buildings: +€185,711
- Debts after one year +€149,502
up €149,502 (+52.5%), from €285,000 to €434,502
- Profit (loss) carried forward -€36,037
down €36,037 (-113.7%), from -€31,703 to -€67,740
- Other debts +€29,907
up €29,907 (+33.5%), from €89,227 to €119,134
- Current portion of long-term debt +€18,147
new in 2025: €18,147
- Depreciation +€14,422
new in 2025: €14,422
- Financial charges +€3,546
up €3,546 (+24.2%), from €14,646 to €18,192
of which Financial charges: +€3,734
- Gross operating margin +€2,688
up €2,688 (+99.7%), from -€2,697 to -€9
- Turnover +€2,500
new in 2025: €2,500
- Other operating charges +€1,622
new in 2025: €1,622
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 | €353,888 | €518,619 | +€164,731 | +46.5% |
| Fixed assets | 21/28 | €353,439 | €515,849 | +€162,410 | +46.0% |
| Tangible fixed assets | 22/27 | €353,439 | €515,849 | +€162,410 | +46.0% |
| Land and buildings | 22 | €330,138 | €515,849 | +€185,711 | +56.3% |
| Other tangible fixed assets | 26 | €23,301 | - | -€23,301 | |
| Current assets | 29/58 | €449 | €2,770 | +€2,321 | +516.9% |
| Cash at bank and in hand | 54/58 | €126 | €2,417 | +€2,291 | +1818.3% |
| Deferred charges and accrued income | 490/1 | €323 | €353 | +€30 | +9.3% |
| Total equity and liabilities | 10/49 | €353,888 | €518,619 | +€164,731 | +46.5% |
| Equity | 10/15 | -€27,703 | -€63,740 | -€36,037 | -130.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,703 | -€67,740 | -€36,037 | -113.7% |
| Amounts payable | 17/49 | €381,591 | €582,359 | +€200,768 | +52.6% |
| Amounts payable after more than one year | 17 | €285,000 | €434,502 | +€149,502 | +52.5% |
| Financial debts | 170/4 | €285,000 | €434,502 | +€149,502 | +52.5% |
| Amounts payable within one year | 42/48 | €96,591 | €147,857 | +€51,266 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | - | €18,147 | +€18,147 | |
| Trade debts | 44 | €7,364 | €10,576 | +€3,212 | +43.6% |
| Suppliers | 440/4 | €7,364 | €10,576 | +€3,212 | +43.6% |
| Other amounts payable | 47/48 | €89,227 | €119,134 | +€29,907 | +33.5% |
| Turnover | 70 | - | €2,500 | +€2,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,697 | €2,509 | -€188 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,422 | +€14,422 | |
| Other operating charges | 640/8 | - | €1,622 | +€1,622 | |
| Non-recurring operating charges | 66A | - | €1,792 | +€1,792 | |
| Gross operating margin | 9900 | -€2,697 | -€9 | +€2,688 | +99.7% |
| Operating profit (loss) | 9901 | -€2,697 | -€17,845 | -€15,148 | -561.7% |
| Financial charges | 65/66B | €14,646 | €18,192 | +€3,546 | +24.2% |
| Recurring financial charges | 65 | €14,406 | €18,140 | +€3,734 | +25.9% |
| Non-recurring financial charges | 66B | €240 | €52 | -€188 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,343 | -€36,037 | -€18,694 | -107.8% |
| Profit (loss) for the period | 9904 | -€17,343 | -€36,037 | -€18,694 | -107.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,343 | -€36,037 | -€18,694 | -107.8% |
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 12 October 2026 via checked.be.