TC 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.
TC IMMO
Largest movements
- Receivables within one year +€678,662
up €678,662 (+36.7%), from €1.9m to €2.5m
of which Trade receivables: +€575,749
- Stocks and contracts +€410,118
up €410,118 (+35.5%), from €1.2m to €1.6m
- Cash -€232,003
down €232,003 (-100.0%), from €232,014 to €11
mainly Receivables within one year (-€678,662) and Stocks and contracts (-€410,118)
- Receivables after one year -€178,900
down €178,900 (-50.7%), from €353,000 to €174,100
- Trade debts +€738,005
up €738,005 (+34.4%), from €2.1m to €2.9m
- Short-term financial debts -€188,318
down €188,318 (-24.2%), from €777,717 to €589,399
- Debts after one year +€80,000
up €80,000 (+47.7%), from €167,600 to €247,600
- Financial charges +€52,322
up €52,322 (+130%), from €40,096 to €92,419
- Other operating charges -€18,809
down €18,809 (-37.6%), from €50,080 to €31,270
- Taxes -€7,659
down €7,659 (-40.9%), from €18,719 to €11,060
- Financial income +€2,461
up €2,461 (+2,460,720%), from €0 to €2,461
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 | €3,609,513 | €4,289,392 | +€679,879 | +18.8% |
| Fixed assets | 21/28 | €18,108 | €17,927 | -€181 | -1.0% |
| Tangible fixed assets | 22/27 | €376 | €196 | -€181 | -48.0% |
| Plant, machinery and equipment | 23 | €376 | €196 | -€181 | -48.0% |
| Financial fixed assets | 28 | €17,731 | €17,731 | = | 0.0% |
| Current assets | 29/58 | €3,591,405 | €4,271,465 | +€680,060 | +18.9% |
| Amounts receivable after more than one year | 29 | €353,000 | €174,100 | -€178,900 | -50.7% |
| Other amounts receivable | 291 | €353,000 | €174,100 | -€178,900 | -50.7% |
| Stocks and contracts in progress | 3 | €1,155,682 | €1,565,800 | +€410,118 | +35.5% |
| Stocks | 30/36 | €1,155,682 | €1,565,800 | +€410,118 | +35.5% |
| Amounts receivable within one year | 40/41 | €1,850,432 | €2,529,094 | +€678,662 | +36.7% |
| Trade receivables | 40 | €1,799,786 | €2,375,535 | +€575,749 | +32.0% |
| Other amounts receivable | 41 | €50,646 | €153,559 | +€102,913 | +203% |
| Cash at bank and in hand | 54/58 | €232,014 | €11 | -€232,003 | -100.0% |
| Deferred charges and accrued income | 490/1 | €277 | €2,460 | +€2,183 | +787% |
| Total equity and liabilities | 10/49 | €3,609,513 | €4,289,392 | +€679,879 | +18.8% |
| Equity | 10/15 | €308,436 | €339,145 | +€30,709 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,636 | €320,345 | +€30,709 | +10.6% |
| Amounts payable | 17/49 | €3,301,077 | €3,950,248 | +€649,171 | +19.7% |
| Amounts payable after more than one year | 17 | €167,600 | €247,600 | +€80,000 | +47.7% |
| Other amounts payable | 178/9 | €167,600 | €247,600 | +€80,000 | +47.7% |
| Amounts payable within one year | 42/48 | €3,123,313 | €3,657,484 | +€534,171 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €777,717 | €589,399 | -€188,318 | -24.2% |
| Credit institutions | 430/8 | €777,717 | €589,399 | -€188,318 | -24.2% |
| Trade debts | 44 | €2,146,362 | €2,884,368 | +€738,005 | +34.4% |
| Suppliers | 440/4 | €2,146,362 | €2,884,368 | +€738,005 | +34.4% |
| Taxes, remuneration and social security | 45 | €88,364 | €110,807 | +€22,442 | +25.4% |
| Taxes | 450/3 | €88,364 | €110,807 | +€22,442 | +25.4% |
| Other amounts payable | 47/48 | €110,869 | €72,910 | -€37,959 | -34.2% |
| Accrued charges and deferred income | 492/3 | €10,164 | €45,164 | +€35,000 | +344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €181 | = | 0.0% |
| Other operating charges | 640/8 | €50,080 | €31,270 | -€18,809 | -37.6% |
| Gross operating margin | 9900 | €163,292 | €163,177 | -€115 | -0.1% |
| Operating profit (loss) | 9901 | €113,032 | €131,726 | +€18,694 | +16.5% |
| Financial income | 75/76B | €0 | €2,461 | +€2,461 | +2,460,720% |
| Recurring financial income | 75 | €0 | €2,461 | +€2,461 | +2,460,720% |
| Financial charges | 65/66B | €40,096 | €92,419 | +€52,322 | +130% |
| Recurring financial charges | 65 | €40,096 | €92,419 | +€52,322 | +130% |
| Profit (loss) for the period before taxes | 9903 | €72,936 | €41,768 | -€31,167 | -42.7% |
| Income taxes | 67/77 | €18,719 | €11,060 | -€7,659 | -40.9% |
| Profit (loss) for the period | 9904 | €54,217 | €30,709 | -€23,508 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,217 | €30,709 | -€23,508 | -43.4% |
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 14 October 2026 via checked.be.