TMA 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.
TMA IMMO
Largest movements
- Tangible fixed assets -€51,944
down €51,944 (-6.7%), from €779,193 to €727,248
of which Land and buildings: -€36,600
- Receivables within one year -€40,428
down €40,428 (-97.0%), from €41,668 to €1,240
of which Other amounts receivable: -€34,564
- Cash -€17,308
down €17,308 (-79.5%), from €21,765 to €4,457
mainly Net result for the year (-€93,171) and Debts after one year (-€27,535)
- Profit (loss) carried forward -€93,171
down €93,171 (-66.1%), from -€140,926 to -€234,096
- Debts after one year -€27,535
down €27,535 (-3.8%), from €717,809 to €690,274
- Other debts +€20,033
up €20,033 (+20.3%), from €98,523 to €118,556
- Trade debts -€9,652
down €9,652 (-63.0%), from €15,330 to €5,678
- Other operating charges +€26,847
up €26,847 (+240.4%), from €11,169 to €38,016
- Gross operating margin -€26,190
down €26,190 (-71.9%), from €36,411 to €10,221
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 | €844,747 | €732,946 | -€111,801 | -13.2% |
| Fixed assets | 21/28 | €779,193 | €727,248 | -€51,944 | -6.7% |
| Tangible fixed assets | 22/27 | €779,193 | €727,248 | -€51,944 | -6.7% |
| Land and buildings | 22 | €727,312 | €690,712 | -€36,600 | -5.0% |
| Plant, machinery and equipment | 23 | €7,544 | €7,127 | -€417 | -5.5% |
| Furniture and vehicles | 24 | €44,337 | €29,410 | -€14,927 | -33.7% |
| Current assets | 29/58 | €65,555 | €5,698 | -€59,857 | -91.3% |
| Amounts receivable within one year | 40/41 | €41,668 | €1,240 | -€40,428 | -97.0% |
| Trade receivables | 40 | €5,864 | - | -€5,864 | |
| Other amounts receivable | 41 | €35,804 | €1,240 | -€34,564 | -96.5% |
| Cash at bank and in hand | 54/58 | €21,765 | €4,457 | -€17,308 | -79.5% |
| Deferred charges and accrued income | 490/1 | €2,122 | - | -€2,122 | |
| Total equity and liabilities | 10/49 | €844,747 | €732,946 | -€111,801 | -13.2% |
| Equity | 10/15 | -€15,926 | -€109,096 | -€93,171 | -585.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,926 | -€234,096 | -€93,171 | -66.1% |
| Amounts payable | 17/49 | €860,673 | €842,042 | -€18,631 | -2.2% |
| Amounts payable after more than one year | 17 | €717,809 | €690,274 | -€27,535 | -3.8% |
| Financial debts | 170/4 | €717,809 | €690,274 | -€27,535 | -3.8% |
| Amounts payable within one year | 42/48 | €140,799 | €151,768 | +€10,969 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €26,946 | €27,535 | +€589 | +2.2% |
| Trade debts | 44 | €15,330 | €5,678 | -€9,652 | -63.0% |
| Suppliers | 440/4 | €15,330 | €5,678 | -€9,652 | -63.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €98,523 | €118,556 | +€20,033 | +20.3% |
| Accrued charges and deferred income | 492/3 | €2,066 | - | -€2,066 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,430 | €54,540 | +€110 | +0.2% |
| Other operating charges | 640/8 | €11,169 | €38,016 | +€26,847 | +240.4% |
| Gross operating margin | 9900 | €36,411 | €10,221 | -€26,190 | -71.9% |
| Operating profit (loss) | 9901 | -€29,188 | -€82,335 | -€53,147 | -182.1% |
| Financial income | 75/76B | €3 | €3 | +€0 | +5.8% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +5.8% |
| Financial charges | 65/66B | €11,070 | €10,839 | -€231 | -2.1% |
| Recurring financial charges | 65 | €11,070 | €10,839 | -€231 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,255 | -€93,171 | -€52,916 | -131.5% |
| Profit (loss) for the period | 9904 | -€40,255 | -€93,171 | -€52,916 | -131.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,255 | -€93,171 | -€52,916 | -131.5% |
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 12 October 2026 via checked.be.