Immo Thilo: 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 Thilo
Largest movements
- Cash +€5,384
up €5,384 (+160.0%), from €3,364 to €8,748
mainly Other debts (+€14,700) and Net result for the year (+€6,113)
- Receivables within one year +€2,048
up €2,048 (+9.2%), from €22,222 to €24,269
- Other debts +€14,700
new in 2025: €14,700
- Reserves -€8,587
down €8,587 (-29.5%), from €29,068 to €20,481
of which Distributable reserves: -€8,587
- Tax, wage and social debts +€1,088
up €1,088 (+24.5%), from €4,434 to €5,523
- Taxes +€596
up €596 (+24.2%), from €2,464 to €3,059
- Financial income +€252
up €252 (+25.3%), from €996 to €1,248
- Other operating charges +€242
up €242 (+3.1%), from €7,789 to €8,032
- Gross operating margin +€191
up €191 (+1.2%), from €16,411 to €16,602
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 | €61,408 | €68,321 | +€6,912 | +11.3% |
| Fixed assets | 21/28 | €35,823 | €35,303 | -€519 | -1.4% |
| Tangible fixed assets | 22/27 | €35,823 | €35,303 | -€519 | -1.4% |
| Land and buildings | 22 | €34,967 | €34,967 | = | 0.0% |
| Furniture and vehicles | 24 | €856 | €336 | -€519 | -60.7% |
| Current assets | 29/58 | €25,586 | €33,017 | +€7,431 | +29.0% |
| Amounts receivable within one year | 40/41 | €22,222 | €24,269 | +€2,048 | +9.2% |
| Other amounts receivable | 41 | €22,222 | €24,269 | +€2,048 | +9.2% |
| Cash at bank and in hand | 54/58 | €3,364 | €8,748 | +€5,384 | +160.0% |
| Total equity and liabilities | 10/49 | €61,408 | €68,321 | +€6,912 | +11.3% |
| Equity | 10/15 | €51,466 | €42,879 | -€8,587 | -16.7% |
| Contributions | 10/11 | €22,398 | €22,398 | = | 0.0% |
| Reserves | 13 | €29,068 | €20,481 | -€8,587 | -29.5% |
| Non-distributable reserves | 130/1 | €2,240 | €2,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,240 | €2,240 | = | 0.0% |
| Distributable reserves | 133 | €26,829 | €18,242 | -€8,587 | -32.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,942 | €25,441 | +€15,499 | +155.9% |
| Amounts payable within one year | 42/48 | €9,942 | €25,441 | +€15,499 | +155.9% |
| Trade debts | 44 | €5,508 | €5,219 | -€289 | -5.2% |
| Suppliers | 440/4 | €5,508 | €5,219 | -€289 | -5.2% |
| Taxes, remuneration and social security | 45 | €4,434 | €5,523 | +€1,088 | +24.5% |
| Taxes | 450/3 | €4,434 | €5,523 | +€1,088 | +24.5% |
| Other amounts payable | 47/48 | - | €14,700 | +€14,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €519 | +€22 | +4.5% |
| Other operating charges | 640/8 | €7,789 | €8,032 | +€242 | +3.1% |
| Gross operating margin | 9900 | €16,411 | €16,602 | +€191 | +1.2% |
| Operating profit (loss) | 9901 | €8,124 | €8,051 | -€73 | -0.9% |
| Financial income | 75/76B | €996 | €1,248 | +€252 | +25.3% |
| Recurring financial income | 75 | €996 | €1,248 | +€252 | +25.3% |
| Financial charges | 65/66B | €80 | €127 | +€47 | +58.2% |
| Recurring financial charges | 65 | €80 | €127 | +€47 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | €9,040 | €9,172 | +€132 | +1.5% |
| Income taxes | 67/77 | €2,464 | €3,059 | +€596 | +24.2% |
| Profit (loss) for the period | 9904 | €6,577 | €6,113 | -€464 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,577 | €6,113 | -€464 | -7.1% |
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 12 October 2026 via checked.be.