THELON VASTGOED: 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.
THELON VASTGOED
Largest movements
- Tangible fixed assets -€8,871
down €8,871 (-10.8%), from €81,923 to €73,051
- Cash +€8,166
up €8,166 (+128%), from €6,372 to €14,537
mainly Net result for the year (+€10,194) and Depreciation (+€8,871)
- Debts after one year -€15,112
down €15,112 (-7.8%), from €193,384 to €178,272
- Profit (loss) carried forward +€10,194
up €10,194 (+4.1%), from -€246,274 to -€236,080
- Other debts +€3,682
up €3,682 (+3.5%), from €106,463 to €110,145
- Other operating charges -€2,206
down €2,206 (-93.2%), from €2,366 to €160
- Gross operating margin +€1,546
up €1,546 (+6.1%), from €25,401 to €26,947
- Financial charges +€457
up €457 (+6.3%), from €7,264 to €7,721
- Depreciation -€314
down €314 (-3.4%), from €9,186 to €8,871
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 | €88,294 | €87,588 | -€706 | -0.8% |
| Fixed assets | 21/28 | €81,923 | €73,051 | -€8,871 | -10.8% |
| Tangible fixed assets | 22/27 | €81,923 | €73,051 | -€8,871 | -10.8% |
| Land and buildings | 22 | €81,923 | €73,051 | -€8,871 | -10.8% |
| Current assets | 29/58 | €6,372 | €14,537 | +€8,166 | +128% |
| Cash at bank and in hand | 54/58 | €6,372 | €14,537 | +€8,166 | +128% |
| Total equity and liabilities | 10/49 | €88,294 | €87,588 | -€706 | -0.8% |
| Equity | 10/15 | -€227,674 | -€217,480 | +€10,194 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246,274 | -€236,080 | +€10,194 | +4.1% |
| Amounts payable | 17/49 | €315,968 | €305,069 | -€10,900 | -3.4% |
| Amounts payable after more than one year | 17 | €193,384 | €178,272 | -€15,112 | -7.8% |
| Financial debts | 170/4 | €193,384 | €178,272 | -€15,112 | -7.8% |
| Amounts payable within one year | 42/48 | €122,584 | €126,797 | +€4,213 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €14,327 | €15,112 | +€785 | +5.5% |
| Trade debts | 44 | €1,794 | €1,540 | -€255 | -14.2% |
| Suppliers | 440/4 | €1,794 | €1,540 | -€255 | -14.2% |
| Other amounts payable | 47/48 | €106,463 | €110,145 | +€3,682 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,186 | €8,871 | -€314 | -3.4% |
| Other operating charges | 640/8 | €2,366 | €160 | -€2,206 | -93.2% |
| Gross operating margin | 9900 | €25,401 | €26,947 | +€1,546 | +6.1% |
| Operating profit (loss) | 9901 | €13,849 | €17,915 | +€4,066 | +29.4% |
| Financial charges | 65/66B | €7,264 | €7,721 | +€457 | +6.3% |
| Recurring financial charges | 65 | €7,264 | €7,721 | +€457 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €6,585 | €10,194 | +€3,609 | +54.8% |
| Profit (loss) for the period | 9904 | €6,585 | €10,194 | +€3,609 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,585 | €10,194 | +€3,609 | +54.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.