THIMMO: 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.
THIMMO
Largest movements
- Tangible fixed assets +€27,325
up €27,325 (+1.4%), from €2.0m to €2.0m
- Debts after one year +€38,208
up €38,208 (+11.9%), from €319,991 to €358,199
- Reserves -€33,705
down €33,705 (-3.7%), from €920,233 to €886,528
of which Tax-exempt reserves: -€33,705
- Financial income -€328,122
down €328,122 (-100.0%), from €328,139 to €17
of which Non-recurring financial income: -€328,138
- Depreciation -€21,792
down €21,792 (-19.3%), from €113,187 to €91,395
- Gross operating margin +€12,170
up €12,170 (+17.6%), from €69,134 to €81,304
- Other operating charges +€6,128
up €6,128 (+38.1%), from €16,101 to €22,229
- Taxes -€5,143
no longer reported in 2025 (was €5,143)
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 | €2,004,945 | €2,016,265 | +€11,320 | +0.6% |
| Fixed assets | 21/28 | €1,958,314 | €1,985,639 | +€27,325 | +1.4% |
| Tangible fixed assets | 22/27 | €1,958,058 | €1,985,383 | +€27,325 | +1.4% |
| Land and buildings | 22 | €1,958,058 | €1,985,383 | +€27,325 | +1.4% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €46,631 | €30,626 | -€16,005 | -34.3% |
| Amounts receivable within one year | 40/41 | €2,977 | - | -€2,977 | |
| Other amounts receivable | 41 | €2,977 | - | -€2,977 | |
| Cash at bank and in hand | 54/58 | €43,654 | €30,626 | -€13,028 | -29.8% |
| Total equity and liabilities | 10/49 | €2,004,945 | €2,016,265 | +€11,320 | +0.6% |
| Equity | 10/15 | €1,256,753 | €1,204,927 | -€51,826 | -4.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €920,233 | €886,528 | -€33,705 | -3.7% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €884,538 | €850,833 | -€33,705 | -3.8% |
| Distributable reserves | 133 | €13,385 | €13,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,520 | €93,399 | -€18,121 | -16.2% |
| Amounts payable | 17/49 | €748,192 | €811,338 | +€63,146 | +8.4% |
| Amounts payable after more than one year | 17 | €319,991 | €358,199 | +€38,208 | +11.9% |
| Financial debts | 170/4 | €319,991 | €358,199 | +€38,208 | +11.9% |
| Amounts payable within one year | 42/48 | €428,199 | €453,138 | +€24,939 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €167,354 | €169,304 | +€1,950 | +1.2% |
| Trade debts | 44 | - | €1,840 | +€1,840 | |
| Suppliers | 440/4 | - | €1,840 | +€1,840 | |
| Advances received on contracts in progress | 46 | €2,190 | €17,372 | +€15,182 | +693.2% |
| Taxes, remuneration and social security | 45 | €5,143 | €5,143 | = | 0.0% |
| Taxes | 450/3 | €5,143 | €5,143 | = | 0.0% |
| Other amounts payable | 47/48 | €253,512 | €259,479 | +€5,967 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2 | €1 | -€1 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,187 | €91,395 | -€21,792 | -19.3% |
| Other operating charges | 640/8 | €16,101 | €22,229 | +€6,128 | +38.1% |
| Gross operating margin | 9900 | €69,134 | €81,304 | +€12,170 | +17.6% |
| Operating profit (loss) | 9901 | -€60,154 | -€32,320 | +€27,834 | +46.3% |
| Financial income | 75/76B | €328,139 | €17 | -€328,122 | -100.0% |
| Recurring financial income | 75 | €1 | €17 | +€16 | +1600.0% |
| Non-recurring financial income | 76B | €328,138 | - | -€328,138 | |
| Financial charges | 65/66B | €18,621 | €19,523 | +€902 | +4.8% |
| Recurring financial charges | 65 | €18,621 | €19,523 | +€902 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €249,364 | -€51,826 | -€301,190 | |
| Income taxes | 67/77 | €5,143 | - | -€5,143 | |
| Profit (loss) for the period | 9904 | €244,221 | -€51,826 | -€296,047 | |
| Transfer from tax-exempt reserves | 789 | €33,705 | €33,705 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €238,138 | - | -€238,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,788 | -€18,121 | -€57,909 |
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 8 October 2026 via checked.be.