TINA 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.
TINA IMMO
Largest movements
- Cash +€104,835
up €104,835 (+12.3%), from €850,368 to €955,203
mainly Depreciation (+€80,606) and Net result for the year (+€58,776)
- Tangible fixed assets -€80,606
down €80,606 (-8.0%), from €1.0m to €931,183
- Reserves +€58,776
up €58,776 (+3.9%), from €1.5m to €1.6m
of which Distributable reserves: +€104,175
- Provisions -€23,388
down €23,388 (-12.5%), from €187,100 to €163,712
- Gross operating margin +€36,335
up €36,335 (+27.2%), from €133,393 to €169,728
- Financial income -€21,394
down €21,394 (-60.3%), from €35,494 to €14,100
- Taxes +€4,013
up €4,013 (+13.1%), from €30,712 to €34,725
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 | €1,874,429 | €1,908,163 | +€33,734 | +1.8% |
| Fixed assets | 21/28 | €1,011,789 | €931,183 | -€80,606 | -8.0% |
| Tangible fixed assets | 22/27 | €1,011,789 | €931,183 | -€80,606 | -8.0% |
| Land and buildings | 22 | €1,011,789 | €931,183 | -€80,606 | -8.0% |
| Current assets | 29/58 | €862,640 | €976,980 | +€114,340 | +13.3% |
| Amounts receivable within one year | 40/41 | €12,272 | €21,777 | +€9,505 | +77.5% |
| Other amounts receivable | 41 | €12,272 | €21,777 | +€9,505 | +77.5% |
| Cash at bank and in hand | 54/58 | €850,368 | €955,203 | +€104,835 | +12.3% |
| Total equity and liabilities | 10/49 | €1,874,429 | €1,908,163 | +€33,734 | +1.8% |
| Equity | 10/15 | €1,583,475 | €1,642,251 | +€58,776 | +3.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,508,475 | €1,567,251 | +€58,776 | +3.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €363,193 | €317,794 | -€45,399 | -12.5% |
| Distributable reserves | 133 | €1,137,782 | €1,241,957 | +€104,175 | +9.2% |
| Provisions and deferred taxes | 16 | €187,100 | €163,712 | -€23,388 | -12.5% |
| Deferred taxes | 168 | €187,100 | €163,712 | -€23,388 | -12.5% |
| Amounts payable | 17/49 | €103,854 | €102,200 | -€1,654 | -1.6% |
| Amounts payable within one year | 42/48 | €103,854 | €102,200 | -€1,654 | -1.6% |
| Financial debts | 43 | €5,358 | €4,730 | -€628 | -11.7% |
| Credit institutions | 430/8 | €5,358 | €4,730 | -€628 | -11.7% |
| Taxes, remuneration and social security | 45 | €3,054 | €2,027 | -€1,027 | -33.6% |
| Taxes | 450/3 | €3,054 | €2,027 | -€1,027 | -33.6% |
| Other amounts payable | 47/48 | €95,442 | €95,443 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,606 | €80,606 | = | 0.0% |
| Other operating charges | 640/8 | €26,470 | €26,320 | -€150 | -0.6% |
| Gross operating margin | 9900 | €133,393 | €169,728 | +€36,335 | +27.2% |
| Operating profit (loss) | 9901 | €26,317 | €62,802 | +€36,485 | +139% |
| Financial income | 75/76B | €35,494 | €14,100 | -€21,394 | -60.3% |
| Recurring financial income | 75 | €35,494 | €14,100 | -€21,394 | -60.3% |
| Financial charges | 65/66B | €7,751 | €6,788 | -€963 | -12.4% |
| Recurring financial charges | 65 | €7,751 | €6,788 | -€963 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €54,060 | €70,114 | +€16,054 | +29.7% |
| Transfer from deferred taxes | 780 | €23,387 | €23,387 | = | 0.0% |
| Income taxes | 67/77 | €30,712 | €34,725 | +€4,013 | +13.1% |
| Profit (loss) for the period | 9904 | €46,735 | €58,776 | +€12,041 | +25.8% |
| Transfer from tax-exempt reserves | 789 | €45,399 | €45,399 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,134 | €104,175 | +€12,041 | +13.1% |
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.