TLB IMMO: what changed
Two fiscal 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.
TLB IMMO
Largest movements
- Tangible fixed assets -€6,397
down €6,397 (-2.7%), from €241,245 to €234,849
- Profit (loss) carried forward -€8,247
down €8,247 (-32.3%), from -€25,556 to -€33,804
- Gross operating margin -€11,624
down €11,624, from €9,827 to -€1,797
- Financial charges -€5,260
down €5,260 (-98.3%), from €5,352 to €92
of which Financial charges: -€5,320
- Depreciation -€1,988
down €1,988 (-25.2%), from €7,881 to €5,893
- Other operating charges -€490
down €490 (-51.3%), from €955 to €465
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.
Cash bridge derived
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 | €247,645 | €241,354 | -€6,291 | -2.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €241,245 | €234,849 | -€6,397 | -2.7% |
| Tangible fixed assets | 22/27 | €241,245 | €234,849 | -€6,397 | -2.7% |
| Land and buildings | 22 | €241,245 | €234,849 | -€6,397 | -2.7% |
| Current assets | 29/58 | €6,400 | €6,505 | +€106 | +1.6% |
| Amounts receivable within one year | 40/41 | €6,227 | €6,100 | -€127 | -2.0% |
| Other amounts receivable | 41 | €6,227 | €6,100 | -€127 | -2.0% |
| Cash at bank and in hand | 54/58 | €173 | €405 | +€233 | +134.6% |
| Total equity and liabilities | 10/49 | €247,645 | €241,354 | -€6,291 | -2.5% |
| Equity | 10/15 | -€18,556 | -€26,804 | -€8,247 | -44.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,556 | -€33,804 | -€8,247 | -32.3% |
| Amounts payable | 17/49 | €266,201 | €268,157 | +€1,956 | +0.7% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,201 | €168,157 | +€1,956 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €96,876 | €96,876 | = | 0.0% |
| Financial debts | 43 | €10,921 | €10,921 | = | 0.0% |
| Credit institutions | 430/8 | €10,921 | €10,921 | = | 0.0% |
| Trade debts | 44 | €44,859 | €44,410 | -€449 | -1.0% |
| Suppliers | 440/4 | €44,859 | €44,410 | -€449 | -1.0% |
| Other amounts payable | 47/48 | €13,546 | €15,951 | +€2,406 | +17.8% |
| Non-recurring operating income | 76A | - | €338 | +€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,881 | €5,893 | -€1,988 | -25.2% |
| Other operating charges | 640/8 | €955 | €465 | -€490 | -51.3% |
| Gross operating margin | 9900 | €9,827 | -€1,797 | -€11,624 | |
| Operating profit (loss) | 9901 | €990 | -€8,155 | -€9,146 | |
| Financial charges | 65/66B | €5,352 | €92 | -€5,260 | -98.3% |
| Recurring financial charges | 65 | €5,352 | €32 | -€5,320 | -99.4% |
| Non-recurring financial charges | 66B | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | -€4,361 | -€8,247 | -€3,886 | -89.1% |
| Profit (loss) for the period | 9904 | -€4,361 | -€8,247 | -€3,886 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,361 | -€8,247 | -€3,886 | -89.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.