IMMO THEA: 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.
IMMO THEA
Largest movements
- Current investments +€450,000
up €450,000 (+73.8%), from €610,000 to €1.1m
- Cash -€26,116
down €26,116 (-84.4%), from €30,945 to €4,829
mainly Current investments (-€450,000) and Contributions, distributions and other (-€357,734)
- Tangible fixed assets -€18,152
down €18,152 (-18.1%), from €100,032 to €81,881
of which Land and buildings: -€17,443
- Reserves -€357,734
down €357,734 (-99.6%), from €359,117 to €1,382
of which Distributable reserves: -€357,734
- Profit (loss) carried forward +€344,713
up €344,713 (+91.2%), from €378,098 to €722,812
- Other debts +€339,848
up €339,848 (+9417.6%), from €3,609 to €343,456
- Tax, wage and social debts +€71,673
new in 2025: €71,673
- Gross operating margin +€247,081
up €247,081 (+110.9%), from €222,862 to €469,943
- Turnover -€246,666
no longer reported in 2025 (was €246,666)
- Taxes +€84,792
up €84,792 (+195.2%), from €43,446 to €128,238
- Purchases and services -€23,805
no longer reported in 2025 (was €23,805)
- Depreciation -€8,592
down €8,592 (-91.8%), from €9,361 to €769
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 | €764,033 | €1,154,897 | +€390,864 | +51.2% |
| Fixed assets | 21/28 | €100,032 | €81,881 | -€18,152 | -18.1% |
| Tangible fixed assets | 22/27 | €100,032 | €81,881 | -€18,152 | -18.1% |
| Land and buildings | 22 | €98,087 | €80,645 | -€17,443 | -17.8% |
| Plant, machinery and equipment | 23 | €1,945 | €1,236 | -€709 | -36.5% |
| Current assets | 29/58 | €664,001 | €1,073,017 | +€409,016 | +61.6% |
| Amounts receivable within one year | 40/41 | €10,357 | €2,155 | -€8,201 | -79.2% |
| Trade receivables | 40 | - | €2,155 | +€2,155 | |
| Other amounts receivable | 41 | €10,357 | €0 | -€10,357 | -100.0% |
| Current investments | 50/53 | €610,000 | €1,060,000 | +€450,000 | +73.8% |
| Cash at bank and in hand | 54/58 | €30,945 | €4,829 | -€26,116 | -84.4% |
| Deferred charges and accrued income | 490/1 | €12,700 | €6,033 | -€6,667 | -52.5% |
| Total equity and liabilities | 10/49 | €764,033 | €1,154,897 | +€390,864 | +51.2% |
| Equity | 10/15 | €751,037 | €738,016 | -€13,021 | -1.7% |
| Contributions | 10/11 | €13,822 | €13,822 | = | 0.0% |
| Reserves | 13 | €359,117 | €1,382 | -€357,734 | -99.6% |
| Non-distributable reserves | 130/1 | €1,382 | €1,382 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,382 | €1,382 | = | 0.0% |
| Distributable reserves | 133 | €357,734 | €0 | -€357,734 | -100.0% |
| Profit (loss) carried forward | 14 | €378,098 | €722,812 | +€344,713 | +91.2% |
| Amounts payable | 17/49 | €12,996 | €416,881 | +€403,885 | +3107.8% |
| Amounts payable after more than one year | 17 | €9,000 | €0 | -€9,000 | -100.0% |
| Other amounts payable | 178/9 | €9,000 | €0 | -€9,000 | -100.0% |
| Amounts payable within one year | 42/48 | €3,996 | €416,881 | +€412,885 | +10332.5% |
| Trade debts | 44 | €387 | €1,752 | +€1,364 | +352.2% |
| Suppliers | 440/4 | €387 | €1,752 | +€1,364 | +352.2% |
| Taxes, remuneration and social security | 45 | - | €71,673 | +€71,673 | |
| Taxes | 450/3 | - | €71,673 | +€71,673 | |
| Other amounts payable | 47/48 | €3,609 | €343,456 | +€339,848 | +9417.6% |
| Turnover | 70 | €246,666 | - | -€246,666 | |
| Goods, raw materials, services and sundry goods | 60/61 | €23,805 | - | -€23,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,361 | €769 | -€8,592 | -91.8% |
| Other operating charges | 640/8 | €12,385 | €10,917 | -€1,468 | -11.9% |
| Gross operating margin | 9900 | €222,862 | €469,943 | +€247,081 | +110.9% |
| Operating profit (loss) | 9901 | €201,116 | €458,257 | +€257,141 | +127.9% |
| Financial income | 75/76B | €12,675 | €14,839 | +€2,164 | +17.1% |
| Recurring financial income | 75 | €12,675 | €14,839 | +€2,164 | +17.1% |
| Financial charges | 65/66B | €8 | €145 | +€136 | +1629.0% |
| Recurring financial charges | 65 | €8 | €145 | +€136 | +1629.0% |
| Profit (loss) for the period before taxes | 9903 | €213,783 | €472,951 | +€259,168 | +121.2% |
| Income taxes | 67/77 | €43,446 | €128,238 | +€84,792 | +195.2% |
| Profit (loss) for the period | 9904 | €170,337 | €344,713 | +€174,376 | +102.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,337 | €344,713 | +€174,376 | +102.4% |
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 3 October 2026 via checked.be.