IMMO THEYS: 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.
IMMO THEYS
Largest movements
- Receivables within one year -€20,507
down €20,507 (-86.1%), from €23,814 to €3,308
of which Trade receivables: -€20,593
- Cash -€12,914
down €12,914 (-20.6%), from €62,668 to €49,755
mainly Debts after one year (-€34,667) and Investment in fixed assets (net) (-€33,587)
- Debts after one year -€34,667
down €34,667 (-16.9%), from €205,111 to €170,444
- Current portion of long-term debt -€9,012
down €9,012 (-20.6%), from €43,678 to €34,667
- Gross operating margin +€9,026
up €9,026 (+22.2%), from €40,703 to €49,729
- Depreciation +€2,423
up €2,423 (+8.4%), from €28,816 to €31,239
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 | €720,461 | €689,575 | -€30,886 | -4.3% |
| Fixed assets | 21/28 | €629,314 | €631,661 | +€2,347 | +0.4% |
| Tangible fixed assets | 22/27 | €480,578 | €482,925 | +€2,347 | +0.5% |
| Land and buildings | 22 | €473,297 | €476,644 | +€3,347 | +0.7% |
| Furniture and vehicles | 24 | €7,281 | €6,281 | -€1,000 | -13.7% |
| Financial fixed assets | 28 | €148,736 | €148,736 | = | 0.0% |
| Current assets | 29/58 | €91,147 | €57,914 | -€33,233 | -36.5% |
| Amounts receivable within one year | 40/41 | €23,814 | €3,308 | -€20,507 | -86.1% |
| Trade receivables | 40 | €23,814 | €3,221 | -€20,593 | -86.5% |
| Other amounts receivable | 41 | - | €87 | +€87 | |
| Cash at bank and in hand | 54/58 | €62,668 | €49,755 | -€12,914 | -20.6% |
| Deferred charges and accrued income | 490/1 | €4,665 | €4,852 | +€187 | +4.0% |
| Total equity and liabilities | 10/49 | €720,461 | €689,575 | -€30,886 | -4.3% |
| Equity | 10/15 | €248,769 | €254,179 | +€5,411 | +2.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €187,269 | €192,679 | +€5,411 | +2.9% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €147,269 | €152,679 | +€5,411 | +3.7% |
| Amounts payable | 17/49 | €471,692 | €435,396 | -€36,296 | -7.7% |
| Amounts payable after more than one year | 17 | €205,111 | €170,444 | -€34,667 | -16.9% |
| Financial debts | 170/4 | €205,111 | €170,444 | -€34,667 | -16.9% |
| Amounts payable within one year | 42/48 | €248,571 | €246,941 | -€1,630 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €43,678 | €34,667 | -€9,012 | -20.6% |
| Trade debts | 44 | €8,947 | €12,169 | +€3,222 | +36.0% |
| Suppliers | 440/4 | €8,947 | €12,169 | +€3,222 | +36.0% |
| Taxes, remuneration and social security | 45 | €374 | €5,986 | +€5,612 | +1500.6% |
| Taxes | 450/3 | €374 | €5,986 | +€5,612 | +1500.6% |
| Other amounts payable | 47/48 | €195,571 | €194,119 | -€1,452 | -0.7% |
| Accrued charges and deferred income | 492/3 | €18,011 | €18,011 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,816 | €31,239 | +€2,423 | +8.4% |
| Other operating charges | 640/8 | €9,048 | €9,332 | +€284 | +3.1% |
| Gross operating margin | 9900 | €40,703 | €49,729 | +€9,026 | +22.2% |
| Operating profit (loss) | 9901 | €2,840 | €9,158 | +€6,318 | +222.5% |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €3,670 | €3,268 | -€402 | -11.0% |
| Recurring financial charges | 65 | €3,670 | €3,268 | -€402 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€782 | €5,890 | +€6,672 | |
| Income taxes | 67/77 | - | €479 | +€479 | |
| Profit (loss) for the period | 9904 | -€782 | €5,411 | +€6,193 | |
| Profit (loss) for the period to be appropriated | 9905 | -€782 | €5,411 | +€6,193 |
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 10 October 2026 via checked.be.