TTS 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.
TTS IMMO
Largest movements
- Tangible fixed assets -€16,600
down €16,600 (-4.4%), from €375,205 to €358,605
- Receivables within one year -€10,290
down €10,290 (-17.1%), from €60,066 to €49,776
- Debts after one year -€50,258
down €50,258 (-11.4%), from €439,602 to €389,344
of which Financial debts: -€52,658
- Other debts +€20,334
new in 2025: €20,334
- Profit (loss) carried forward -€6,571
down €6,571 (-21.3%), from -€30,801 to -€37,372
- Gross operating margin +€2,435
up €2,435 (+8.3%), from €29,406 to €31,841
- Financial charges -€1,169
down €1,169 (-7.0%), from €16,621 to €15,452
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 | €481,916 | €452,432 | -€29,484 | -6.1% |
| Formation expenses | 20 | €45,657 | €43,063 | -€2,594 | -5.7% |
| Fixed assets | 21/28 | €375,205 | €358,605 | -€16,600 | -4.4% |
| Tangible fixed assets | 22/27 | €375,205 | €358,605 | -€16,600 | -4.4% |
| Land and buildings | 22 | €375,205 | €358,605 | -€16,600 | -4.4% |
| Current assets | 29/58 | €61,053 | €50,763 | -€10,290 | -16.9% |
| Amounts receivable within one year | 40/41 | €60,066 | €49,776 | -€10,290 | -17.1% |
| Other amounts receivable | 41 | €60,066 | €49,776 | -€10,290 | -17.1% |
| Cash at bank and in hand | 54/58 | €987 | €986 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €481,916 | €452,432 | -€29,484 | -6.1% |
| Equity | 10/15 | -€30,701 | -€37,272 | -€6,571 | -21.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,801 | -€37,372 | -€6,571 | -21.3% |
| Amounts payable | 17/49 | €512,617 | €489,703 | -€22,913 | -4.5% |
| Amounts payable after more than one year | 17 | €439,602 | €389,344 | -€50,258 | -11.4% |
| Financial debts | 170/4 | €439,602 | €386,944 | -€52,658 | -12.0% |
| Other amounts payable | 178/9 | - | €2,400 | +€2,400 | |
| Amounts payable within one year | 42/48 | €72,685 | €100,359 | +€27,675 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €72,458 | €77,087 | +€4,629 | +6.4% |
| Financial debts | 43 | €227 | - | -€227 | |
| Credit institutions | 430/8 | €227 | - | -€227 | |
| Trade debts | 44 | - | €2,939 | +€2,939 | |
| Suppliers | 440/4 | - | €2,939 | +€2,939 | |
| Other amounts payable | 47/48 | - | €20,334 | +€20,334 | |
| Accrued charges and deferred income | 492/3 | €330 | - | -€330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,194 | €19,194 | = | 0.0% |
| Other operating charges | 640/8 | €3,554 | €3,767 | +€213 | +6.0% |
| Gross operating margin | 9900 | €29,406 | €31,841 | +€2,435 | +8.3% |
| Operating profit (loss) | 9901 | €6,659 | €8,881 | +€2,222 | +33.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €16,621 | €15,452 | -€1,169 | -7.0% |
| Recurring financial charges | 65 | €16,621 | €15,452 | -€1,169 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,962 | -€6,571 | +€3,391 | +34.0% |
| Profit (loss) for the period | 9904 | -€9,962 | -€6,571 | +€3,391 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,962 | -€6,571 | +€3,391 | +34.0% |
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 4 October 2026 via checked.be.