TELL 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.
TELL IMMO
Largest movements
- Stocks and contracts +€4.2m
up €4.2m, from €0 to €4.2m
- Receivables within one year +€180,034
up €180,034, from €0 to €180,034
of which Trade receivables: +€141,054
- Tangible fixed assets -€79,828
down €79,828 (-3.5%), from €2.3m to €2.2m
of which Land and buildings: -€78,668
- Short-term financial debts +€4.4m
up €4.4m, from €0 to €4.4m
- Reserves -€67,813
down €67,813 (-12.2%), from €555,399 to €487,586
of which Distributable reserves: -€67,813
- Gross operating margin -€159,825
down €159,825 (-73.2%), from €218,451 to €58,626
- Financial charges -€16,226
down €16,226 (-58.6%), from €27,701 to €11,475
- Other operating charges +€10,213
up €10,213 (+119%), from €8,610 to €18,822
- Taxes -€2,339
down €2,339 (-100%), from €2,339 to €0
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 | €2,326,570 | €6,657,324 | +€4.3m | +186% |
| Fixed assets | 21/28 | €2,320,190 | €2,238,263 | -€81,928 | -3.5% |
| Tangible fixed assets | 22/27 | €2,313,440 | €2,233,613 | -€79,828 | -3.5% |
| Land and buildings | 22 | €2,308,728 | €2,230,060 | -€78,668 | -3.4% |
| Furniture and vehicles | 24 | €4,713 | €3,553 | -€1,160 | -24.6% |
| Financial fixed assets | 28 | €6,750 | €4,650 | -€2,100 | -31.1% |
| Current assets | 29/58 | €6,380 | €4,419,061 | +€4.4m | +69,164% |
| Stocks and contracts in progress | 3 | €0 | €4,230,895 | +€4.2m | |
| Stocks | 30/36 | €0 | €4,230,895 | +€4.2m | |
| Amounts receivable within one year | 40/41 | €0 | €180,034 | +€180,034 | |
| Trade receivables | 40 | - | €141,054 | +€141,054 | |
| Other amounts receivable | 41 | €0 | €38,980 | +€38,980 | |
| Cash at bank and in hand | 54/58 | €5,855 | €7,961 | +€2,106 | +36.0% |
| Deferred charges and accrued income | 490/1 | €525 | €170 | -€355 | -67.6% |
| Total equity and liabilities | 10/49 | €2,326,570 | €6,657,324 | +€4.3m | +186% |
| Equity | 10/15 | €567,799 | €499,986 | -€67,813 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €555,399 | €487,586 | -€67,813 | -12.2% |
| 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 | €553,539 | €485,726 | -€67,813 | -12.3% |
| Amounts payable | 17/49 | €1,758,772 | €6,157,338 | +€4.4m | +250% |
| Amounts payable after more than one year | 17 | €348,595 | €300,338 | -€48,257 | -13.8% |
| Financial debts | 170/4 | €348,595 | €300,338 | -€48,257 | -13.8% |
| Amounts payable within one year | 42/48 | €1,410,177 | €5,855,255 | +€4.4m | +315% |
| Current portion of amounts payable after more than one year | 42 | €46,932 | €48,257 | +€1,325 | +2.8% |
| Financial debts | 43 | €0 | €4,436,169 | +€4.4m | |
| Credit institutions | 430/8 | €0 | €4,436,169 | +€4.4m | |
| Trade debts | 44 | €2,509 | €10,571 | +€8,063 | +321% |
| Suppliers | 440/4 | €2,509 | €10,571 | +€8,063 | +321% |
| Taxes, remuneration and social security | 45 | €2,479 | €0 | -€2,479 | -100% |
| Taxes | 450/3 | €2,479 | €0 | -€2,479 | -100% |
| Other amounts payable | 47/48 | €1,358,258 | €1,360,258 | +€2,000 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €1,745 | +€1,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,423 | €96,142 | +€1,719 | +1.8% |
| Other operating charges | 640/8 | €8,610 | €18,822 | +€10,213 | +119% |
| Gross operating margin | 9900 | €218,451 | €58,626 | -€159,825 | -73.2% |
| Operating profit (loss) | 9901 | €115,418 | -€56,338 | -€171,756 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €27,701 | €11,475 | -€16,226 | -58.6% |
| Recurring financial charges | 65 | €27,701 | €11,475 | -€16,226 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €87,719 | -€67,813 | -€155,532 | |
| Income taxes | 67/77 | €2,339 | €0 | -€2,339 | -100% |
| Profit (loss) for the period | 9904 | €85,380 | -€67,813 | -€153,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,380 | -€67,813 | -€153,193 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.