TANNERIE 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.
TANNERIE IMMO
Largest movements
- Tangible fixed assets +€512,103
up €512,103 (+48.9%), from €1.0m to €1.6m
of which Land and buildings: +€503,688
- Receivables within one year -€43,975
down €43,975 (-94.2%), from €46,698 to €2,723
- Debts after one year +€272,065
up €272,065 (+69.5%), from €391,675 to €663,740
- Profit (loss) carried forward +€131,303
up €131,303 (+3,696%), from €3,553 to €134,856
- Other debts +€49,726
up €49,726 (+28.2%), from €176,500 to €226,226
- Financial income +€57,071
up €57,071 (+67.8%), from €84,193 to €141,264
- Gross operating margin +€17,070
up €17,070 (+37.7%), from €45,245 to €62,315
- Other operating charges -€16,955
down €16,955 (-61.0%), from €27,810 to €10,855
- Depreciation -€3,744
down €3,744 (-6.7%), from €56,002 to €52,258
- Taxes -€3,300
down €3,300 (-100.0%), from €3,301 to €1
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 | €1,427,004 | €1,904,050 | +€477,046 | +33.4% |
| Fixed assets | 21/28 | €1,341,928 | €1,854,031 | +€512,103 | +38.2% |
| Tangible fixed assets | 22/27 | €1,046,243 | €1,558,346 | +€512,103 | +48.9% |
| Land and buildings | 22 | €1,045,365 | €1,549,053 | +€503,688 | +48.2% |
| Furniture and vehicles | 24 | €878 | €9,293 | +€8,415 | +958% |
| Financial fixed assets | 28 | €295,685 | €295,685 | = | 0.0% |
| Current assets | 29/58 | €85,076 | €50,019 | -€35,057 | -41.2% |
| Amounts receivable within one year | 40/41 | €46,698 | €2,723 | -€43,975 | -94.2% |
| Trade receivables | 40 | €46,698 | €2,723 | -€43,975 | -94.2% |
| Cash at bank and in hand | 54/58 | €38,378 | €47,296 | +€8,918 | +23.2% |
| Total equity and liabilities | 10/49 | €1,427,004 | €1,904,050 | +€477,046 | +33.4% |
| Equity | 10/15 | €748,336 | €878,941 | +€130,605 | +17.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €682,783 | €682,085 | -€698 | -0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,483 | €109,785 | -€698 | -0.6% |
| Distributable reserves | 133 | €566,100 | €566,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,553 | €134,856 | +€131,303 | +3,696% |
| Provisions and deferred taxes | 16 | €3,690 | €3,458 | -€232 | -6.3% |
| Deferred taxes | 168 | €3,690 | €3,458 | -€232 | -6.3% |
| Amounts payable | 17/49 | €674,978 | €1,021,651 | +€346,673 | +51.4% |
| Amounts payable after more than one year | 17 | €391,675 | €663,740 | +€272,065 | +69.5% |
| Financial debts | 170/4 | €391,675 | €663,740 | +€272,065 | +69.5% |
| Amounts payable within one year | 42/48 | €283,303 | €357,911 | +€74,608 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €60,026 | €67,929 | +€7,903 | +13.2% |
| Trade debts | 44 | €31,615 | €31,075 | -€540 | -1.7% |
| Suppliers | 440/4 | €31,615 | €31,075 | -€540 | -1.7% |
| Taxes, remuneration and social security | 45 | €15,162 | €32,681 | +€17,519 | +116% |
| Taxes | 450/3 | €15,162 | €32,681 | +€17,519 | +116% |
| Other amounts payable | 47/48 | €176,500 | €226,226 | +€49,726 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,002 | €52,258 | -€3,744 | -6.7% |
| Other operating charges | 640/8 | €27,810 | €10,855 | -€16,955 | -61.0% |
| Gross operating margin | 9900 | €45,245 | €62,315 | +€17,070 | +37.7% |
| Operating profit (loss) | 9901 | -€38,567 | -€798 | +€37,769 | +97.9% |
| Financial income | 75/76B | €84,193 | €141,264 | +€57,071 | +67.8% |
| Recurring financial income | 75 | €84,193 | €141,264 | +€57,071 | +67.8% |
| Financial charges | 65/66B | €8,850 | €10,094 | +€1,244 | +14.1% |
| Recurring financial charges | 65 | €8,850 | €10,094 | +€1,244 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €36,776 | €130,372 | +€93,596 | +255% |
| Transfer from deferred taxes | 780 | €233 | €233 | = | 0.0% |
| Income taxes | 67/77 | €3,301 | €1 | -€3,300 | -100.0% |
| Profit (loss) for the period | 9904 | €33,708 | €130,604 | +€96,896 | +287% |
| Transfer from tax-exempt reserves | 789 | €698 | €698 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,406 | €131,302 | +€96,896 | +282% |
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.