IMMO THIJS: 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 THIJS
Largest movements
- Tangible fixed assets +€286,851
up €286,851 (+59.9%), from €478,774 to €765,625
of which Land and buildings: +€194,926
- Receivables within one year +€48,662
up €48,662 (+14.1%), from €344,556 to €393,217
of which Trade receivables: +€86,925
- Debts after one year +€236,795
new in 2025: €236,795
- Trade debts +€96,305
up €96,305 (+248%), from €38,776 to €135,081
- Reserves +€41,840
up €41,840 (+1.5%), from €2.8m to €2.8m
- Gross operating margin -€45,344
down €45,344 (-41.7%), from €108,849 to €63,506
- Financial income -€17,603
down €17,603 (-28.3%), from €62,092 to €44,489
- Financial charges +€14,491
up €14,491, from -€10,101 to €4,390
- Taxes -€7,646
down €7,646 (-49.2%), from €15,553 to €7,907
- Other operating charges +€6,560
up €6,560 (+1,694%), from €387 to €6,947
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.
Derived cash bridge
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 | €2,817,922 | €3,196,053 | +€378,131 | +13.4% |
| Formation expenses | 20 | €495 | €0 | -€495 | -100% |
| Fixed assets | 21/28 | €478,774 | €765,625 | +€286,851 | +59.9% |
| Tangible fixed assets | 22/27 | €478,774 | €765,625 | +€286,851 | +59.9% |
| Land and buildings | 22 | €404,454 | €599,380 | +€194,926 | +48.2% |
| Furniture and vehicles | 24 | €22,239 | €18,715 | -€3,524 | -15.8% |
| Assets under construction and advance payments | 27 | €52,081 | €147,530 | +€95,448 | +183% |
| Current assets | 29/58 | €2,338,653 | €2,430,429 | +€91,776 | +3.9% |
| Amounts receivable within one year | 40/41 | €344,556 | €393,217 | +€48,662 | +14.1% |
| Trade receivables | 40 | €9,075 | €96,000 | +€86,925 | +958% |
| Other amounts receivable | 41 | €335,481 | €297,217 | -€38,263 | -11.4% |
| Current investments | 50/53 | €1,976,751 | €2,006,113 | +€29,362 | +1.5% |
| Cash at bank and in hand | 54/58 | €16,569 | €30,004 | +€13,434 | +81.1% |
| Deferred charges and accrued income | 490/1 | €777 | €1,095 | +€318 | +40.9% |
| Total equity and liabilities | 10/49 | €2,817,922 | €3,196,053 | +€378,131 | +13.4% |
| Equity | 10/15 | €2,768,282 | €2,810,122 | +€41,840 | +1.5% |
| Contributions | 10/11 | €11,998 | €11,998 | = | 0.0% |
| Reserves | 13 | €2,756,284 | €2,798,124 | +€41,840 | +1.5% |
| Distributable reserves | 133 | €2,756,284 | €2,798,124 | +€41,840 | +1.5% |
| Amounts payable | 17/49 | €49,640 | €385,931 | +€336,291 | +677% |
| Amounts payable after more than one year | 17 | - | €236,795 | +€236,795 | |
| Financial debts | 170/4 | - | €236,795 | +€236,795 | |
| Amounts payable within one year | 42/48 | €49,640 | €145,945 | +€96,305 | +194% |
| Trade debts | 44 | €38,776 | €135,081 | +€96,305 | +248% |
| Suppliers | 440/4 | €38,776 | €135,081 | +€96,305 | +248% |
| Taxes, remuneration and social security | 45 | €10,864 | €10,864 | = | 0.0% |
| Taxes | 450/3 | €10,864 | €10,864 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,190 | +€3,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,660 | €46,910 | -€2,750 | -5.5% |
| Other operating charges | 640/8 | €387 | €6,947 | +€6,560 | +1,694% |
| Gross operating margin | 9900 | €108,849 | €63,506 | -€45,344 | -41.7% |
| Operating profit (loss) | 9901 | €58,802 | €9,648 | -€49,154 | -83.6% |
| Financial income | 75/76B | €62,092 | €44,489 | -€17,603 | -28.3% |
| Recurring financial income | 75 | €62,092 | €44,489 | -€17,603 | -28.3% |
| Financial charges | 65/66B | -€10,101 | €4,390 | +€14,491 | |
| Recurring financial charges | 65 | -€10,101 | €4,390 | +€14,491 | |
| Profit (loss) for the period before taxes | 9903 | €130,995 | €49,747 | -€81,248 | -62.0% |
| Income taxes | 67/77 | €15,553 | €7,907 | -€7,646 | -49.2% |
| Profit (loss) for the period | 9904 | €115,442 | €41,840 | -€73,602 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,442 | €41,840 | -€73,602 | -63.8% |
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 24 October 2026 via checked.be.