TER - 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.
TER - IMMO
Largest movements
- Tangible fixed assets +€4.2m
up €4.2m (+531%), from €791,004 to €5.0m
of which Land and buildings: +€4.2m
- Revaluation surpluses +€4.2m
new in 2025: €4.2m
- Profit (loss) carried forward -€84,390
down €84,390 (-36.2%), from -€233,154 to -€317,543
- Other debts +€52,626
up €52,626 (+347%), from €15,146 to €67,772
- Financial charges +€67,772
up €67,772 (+146,313%), from €46 to €67,819
- Gross operating margin +€372
up €372 (+3.2%), from -€11,640 to -€11,268
- Other operating charges -€318
down €318 (-25.5%), from €1,243 to €925
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 | €830,496 | €5,031,630 | +€4.2m | +506% |
| Fixed assets | 21/28 | €791,004 | €4,988,671 | +€4.2m | +531% |
| Tangible fixed assets | 22/27 | €791,004 | €4,988,671 | +€4.2m | +531% |
| Land and buildings | 22 | €784,839 | €4,984,315 | +€4.2m | +535% |
| Plant, machinery and equipment | 23 | €6,165 | €4,356 | -€1,809 | -29.3% |
| Current assets | 29/58 | €39,492 | €42,959 | +€3,467 | +8.8% |
| Amounts receivable within one year | 40/41 | €36,518 | €37,508 | +€989 | +2.7% |
| Other amounts receivable | 41 | €36,518 | €37,508 | +€989 | +2.7% |
| Cash at bank and in hand | 54/58 | €2,973 | €5,451 | +€2,478 | +83.3% |
| Total equity and liabilities | 10/49 | €830,496 | €5,031,630 | +€4.2m | +506% |
| Equity | 10/15 | €514,846 | €4,632,501 | +€4.1m | +800% |
| Contributions | 10/11 | €680,000 | €680,000 | = | 0.0% |
| Capital | 10 | €680,000 | €680,000 | = | 0.0% |
| Issued capital | 100 | €680,000 | €680,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,202,045 | +€4.2m | |
| Reserves | 13 | €68,000 | €68,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,000 | €68,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,154 | -€317,543 | -€84,390 | -36.2% |
| Amounts payable | 17/49 | €315,650 | €399,129 | +€83,479 | +26.4% |
| Amounts payable after more than one year | 17 | €300,000 | €331,140 | +€31,140 | +10.4% |
| Other amounts payable | 178/9 | €300,000 | €331,140 | +€31,140 | +10.4% |
| Amounts payable within one year | 42/48 | €15,650 | €67,988 | +€52,339 | +334% |
| Trade debts | 44 | €503 | €216 | -€287 | -57.1% |
| Suppliers | 440/4 | €503 | €216 | -€287 | -57.1% |
| Other amounts payable | 47/48 | €15,146 | €67,772 | +€52,626 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,378 | €4,378 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,243 | €925 | -€318 | -25.5% |
| Gross operating margin | 9900 | -€11,640 | -€11,268 | +€372 | +3.2% |
| Operating profit (loss) | 9901 | -€17,260 | -€16,571 | +€689 | +4.0% |
| Financial charges | 65/66B | €46 | €67,819 | +€67,772 | +146,313% |
| Recurring financial charges | 65 | €46 | €67,819 | +€67,772 | +146,313% |
| Profit (loss) for the period before taxes | 9903 | -€17,307 | -€84,390 | -€67,083 | -388% |
| Profit (loss) for the period | 9904 | -€17,307 | -€84,390 | -€67,083 | -388% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,307 | -€84,390 | -€67,083 | -388% |
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 25 October 2026 via checked.be.