Immo Thiels: 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 Thiels
Largest movements
- Cash -€96,009
down €96,009 (-99.9%), from €96,086 to €76
mainly Net result for the year (-€60,799) and Receivables within one year (-€40,623)
- Receivables within one year +€40,623
new in 2025: €40,623
- Tangible fixed assets -€3,546
down €3,546 (-4.0%), from €88,345 to €84,800
- Profit (loss) carried forward -€60,799
down €60,799 (-195.0%), from -€31,181 to -€91,980
- Trade debts +€1,923
new in 2025: €1,923
- Other operating charges +€44,151
up €44,151 (+1057.6%), from €4,175 to €48,325
- Gross operating margin -€632
down €632 (-7.8%), from -€8,058 to -€8,689
- Financial charges +€160
up €160 (+193.7%), from €83 to €243
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 | €184,431 | €125,555 | -€58,876 | -31.9% |
| Fixed assets | 21/28 | €88,345 | €84,800 | -€3,546 | -4.0% |
| Tangible fixed assets | 22/27 | €88,345 | €84,800 | -€3,546 | -4.0% |
| Land and buildings | 22 | €88,345 | €84,800 | -€3,546 | -4.0% |
| Current assets | 29/58 | €96,086 | €40,756 | -€55,330 | -57.6% |
| Amounts receivable within one year | 40/41 | - | €40,623 | +€40,623 | |
| Other amounts receivable | 41 | - | €40,623 | +€40,623 | |
| Cash at bank and in hand | 54/58 | €96,086 | €76 | -€96,009 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €184,431 | €125,555 | -€58,876 | -31.9% |
| Equity | 10/15 | €184,431 | €123,632 | -€60,799 | -33.0% |
| Contributions | 10/11 | €206,743 | €206,743 | = | 0.0% |
| Capital | 10 | €206,743 | €206,743 | = | 0.0% |
| Issued capital | 100 | €206,743 | €206,743 | = | 0.0% |
| Reserves | 13 | €8,869 | €8,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,869 | €8,869 | = | 0.0% |
| Legal reserve | 130 | €8,869 | €8,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,181 | -€91,980 | -€60,799 | -195.0% |
| Amounts payable | 17/49 | - | €1,923 | +€1,923 | |
| Amounts payable within one year | 42/48 | - | €1,923 | +€1,923 | |
| Trade debts | 44 | - | €1,923 | +€1,923 | |
| Suppliers | 440/4 | - | €1,923 | +€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,546 | €3,546 | = | 0.0% |
| Other operating charges | 640/8 | €4,175 | €48,325 | +€44,151 | +1057.6% |
| Gross operating margin | 9900 | -€8,058 | -€8,689 | -€632 | -7.8% |
| Operating profit (loss) | 9901 | -€15,778 | -€60,560 | -€44,782 | -283.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €83 | €243 | +€160 | +193.7% |
| Recurring financial charges | 65 | €83 | €243 | +€160 | +193.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,861 | -€60,799 | -€44,938 | -283.3% |
| Profit (loss) for the period | 9904 | -€15,861 | -€60,799 | -€44,938 | -283.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,861 | -€60,799 | -€44,938 | -283.3% |
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 1 October 2026 via checked.be.