TOP 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.
TOP IMMO
Largest movements
- Tangible fixed assets -€125,714
down €125,714 (-9.2%), from €1.4m to €1.2m
of which Land and buildings: -€117,964
- Debts after one year -€260,608
down €260,608 (-56.4%), from €461,842 to €201,234
- Reserves +€171,844
up €171,844 (+96.0%), from €178,996 to €350,840
of which Distributable reserves: +€171,844
- Current portion of long-term debt +€80,563
up €80,563 (+437.3%), from €18,425 to €98,988
- Revaluation surpluses -€68,464
down €68,464 (-12.0%), from €569,043 to €500,579
- Other debts -€67,872
down €67,872 (-8.1%), from €834,740 to €766,868
- Gross operating margin +€212,643
up €212,643 (+212.8%), from €99,928 to €312,571
- Taxes +€53,239
up €53,239 (+2148.6%), from €2,478 to €55,717
- Staff costs +€21,478
up €21,478 (+83.2%), from €25,820 to €47,297
- Depreciation -€5,018
down €5,018 (-7.8%), from €64,699 to €59,681
- Other operating charges +€4,009
up €4,009 (+42.8%), from €9,370 to €13,379
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,180,133 | €2,063,868 | -€116,265 | -5.3% |
| Fixed assets | 21/28 | €2,121,564 | €1,995,850 | -€125,714 | -5.9% |
| Tangible fixed assets | 22/27 | €1,371,864 | €1,246,150 | -€125,714 | -9.2% |
| Land and buildings | 22 | €1,362,452 | €1,244,488 | -€117,964 | -8.7% |
| Furniture and vehicles | 24 | €9,412 | €1,662 | -€7,750 | -82.3% |
| Financial fixed assets | 28 | €749,700 | €749,700 | = | 0.0% |
| Current assets | 29/58 | €58,568 | €68,017 | +€9,449 | +16.1% |
| Amounts receivable within one year | 40/41 | €30,636 | €41,895 | +€11,259 | +36.8% |
| Trade receivables | 40 | €3,495 | €3,495 | = | 0.0% |
| Other amounts receivable | 41 | €27,141 | €38,400 | +€11,259 | +41.5% |
| Cash at bank and in hand | 54/58 | €26,110 | €10,616 | -€15,494 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,822 | €15,507 | +€13,684 | +751.0% |
| Total equity and liabilities | 10/49 | €2,180,133 | €2,063,868 | -€116,265 | -5.3% |
| Equity | 10/15 | €810,300 | €913,679 | +€103,379 | +12.8% |
| Contributions | 10/11 | €62,261 | €62,261 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €261 | €261 | = | 0.0% |
| Share premium | 1100/10 | €261 | €261 | = | 0.0% |
| Revaluation surpluses | 12 | €569,043 | €500,579 | -€68,464 | -12.0% |
| Reserves | 13 | €178,996 | €350,840 | +€171,844 | +96.0% |
| Non-distributable reserves | 130/1 | €2,581 | €2,581 | = | 0.0% |
| Legal reserve | 130 | €2,581 | €2,581 | = | 0.0% |
| Distributable reserves | 133 | €176,415 | €348,259 | +€171,844 | +97.4% |
| Amounts payable | 17/49 | €1,369,833 | €1,150,188 | -€219,645 | -16.0% |
| Amounts payable after more than one year | 17 | €461,842 | €201,234 | -€260,608 | -56.4% |
| Financial debts | 170/4 | €461,842 | €201,234 | -€260,608 | -56.4% |
| Amounts payable within one year | 42/48 | €897,411 | €937,037 | +€39,627 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €18,425 | €98,988 | +€80,563 | +437.3% |
| Trade debts | 44 | €23,790 | €50,170 | +€26,380 | +110.9% |
| Suppliers | 440/4 | €23,790 | €50,170 | +€26,380 | +110.9% |
| Taxes, remuneration and social security | 45 | €20,456 | €21,011 | +€555 | +2.7% |
| Taxes | 450/3 | €5,127 | €7,815 | +€2,688 | +52.4% |
| Remuneration and social security | 454/9 | €15,329 | €13,196 | -€2,133 | -13.9% |
| Other amounts payable | 47/48 | €834,740 | €766,868 | -€67,872 | -8.1% |
| Accrued charges and deferred income | 492/3 | €10,580 | €11,917 | +€1,337 | +12.6% |
| Remuneration, social security and pensions | 62 | €25,820 | €47,297 | +€21,478 | +83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,699 | €59,681 | -€5,018 | -7.8% |
| Other operating charges | 640/8 | €9,370 | €13,379 | +€4,009 | +42.8% |
| Non-recurring operating charges | 66A | €18,750 | - | -€18,750 | |
| Gross operating margin | 9900 | €99,928 | €312,571 | +€212,643 | +212.8% |
| Operating profit (loss) | 9901 | -€18,710 | €192,214 | +€210,924 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,484 | €5,734 | -€2,751 | -32.4% |
| Recurring financial charges | 65 | €8,484 | €5,734 | -€2,751 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,194 | €186,480 | +€213,674 | |
| Income taxes | 67/77 | €2,478 | €55,717 | +€53,239 | +2148.6% |
| Profit (loss) for the period | 9904 | -€29,672 | €130,763 | +€160,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,672 | €130,763 | +€160,435 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.