THIBIMMO: 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.
THIBIMMO
Largest movements
- Cash -€32,811
down €32,811 (-78.8%), from €41,644 to €8,834
mainly Contributions, distributions and other (-€55,000) and Investment in fixed assets (net) (-€4,745)
- Receivables within one year -€20,487
down €20,487 (-69.8%), from €29,359 to €8,872
of which Trade receivables: -€21,014
- Tangible fixed assets -€1,261
down €1,261 (-18.2%), from €6,918 to €5,657
of which Furniture and vehicles: -€3,767
- Reserves -€51,829
down €51,829 (-74.9%), from €69,201 to €17,372
- Tax, wage and social debts -€3,928
down €3,928 (-66.3%), from €5,928 to €2,001
- Trade debts +€1,199
up €1,199 (+151%), from €792 to €1,991
- Gross operating margin -€14,211
down €14,211 (-53.4%), from €26,588 to €12,377
- Taxes -€4,199
down €4,199 (-58.3%), from €7,201 to €3,002
- Depreciation +€878
up €878 (+17.1%), from €5,128 to €6,006
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 | €77,921 | €23,364 | -€54,558 | -70.0% |
| Fixed assets | 21/28 | €6,918 | €5,657 | -€1,261 | -18.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,918 | €5,657 | -€1,261 | -18.2% |
| Plant, machinery and equipment | 23 | - | €2,506 | +€2,506 | |
| Furniture and vehicles | 24 | €6,918 | €3,151 | -€3,767 | -54.4% |
| Current assets | 29/58 | €71,004 | €17,706 | -€53,297 | -75.1% |
| Amounts receivable within one year | 40/41 | €29,359 | €8,872 | -€20,487 | -69.8% |
| Trade receivables | 40 | €28,590 | €7,576 | -€21,014 | -73.5% |
| Other amounts receivable | 41 | €769 | €1,297 | +€527 | +68.5% |
| Cash at bank and in hand | 54/58 | €41,644 | €8,834 | -€32,811 | -78.8% |
| Total equity and liabilities | 10/49 | €77,921 | €23,364 | -€54,558 | -70.0% |
| Equity | 10/15 | €71,201 | €19,372 | -€51,829 | -72.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,201 | €17,372 | -€51,829 | -74.9% |
| Distributable reserves | 133 | €69,201 | €17,372 | -€51,829 | -74.9% |
| Amounts payable | 17/49 | €6,721 | €3,992 | -€2,729 | -40.6% |
| Amounts payable within one year | 42/48 | €6,721 | €3,992 | -€2,729 | -40.6% |
| Trade debts | 44 | €792 | €1,991 | +€1,199 | +151% |
| Suppliers | 440/4 | €792 | €1,991 | +€1,199 | +151% |
| Taxes, remuneration and social security | 45 | €5,928 | €2,001 | -€3,928 | -66.3% |
| Taxes | 450/3 | €5,928 | €2,001 | -€3,928 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,128 | €6,006 | +€878 | +17.1% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €26,588 | €12,377 | -€14,211 | -53.4% |
| Operating profit (loss) | 9901 | €21,320 | €6,227 | -€15,093 | -70.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €21,269 | €6,173 | -€15,096 | -71.0% |
| Income taxes | 67/77 | €7,201 | €3,002 | -€4,199 | -58.3% |
| Profit (loss) for the period | 9904 | €14,067 | €3,171 | -€10,897 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,067 | €3,171 | -€10,897 | -77.5% |
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 16 October 2026 via checked.be.