THJ IMMO: 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.
THJ IMMO
Largest movements
- Stocks and contracts +€215,999
up €215,999 (+35.0%), from €616,380 to €832,378
- Short-term financial debts +€136,870
up €136,870 (+566.1%), from €24,179 to €161,049
- Other debts +€104,985
up €104,985 (+20.0%), from €525,000 to €629,985
- Profit (loss) carried forward -€15,110
down €15,110 (-87.1%), from -€17,339 to -€32,449
- Debts after one year -€13,709
down €13,709 (-6.0%), from €228,179 to €214,470
- Financial charges +€11,806
up €11,806 (+97.5%), from €12,109 to €23,914
- Gross operating margin +€11,778
up €11,778 (+96.6%), from €12,193 to €23,971
- Depreciation +€2,855
up €2,855 (+30.9%), from €9,247 to €12,102
- Other operating charges +€752
up €752 (+32.5%), from €2,312 to €3,065
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 | €956,486 | €1,163,779 | +€207,293 | +21.7% |
| Formation expenses | 20 | €779 | €253 | -€525 | -67.5% |
| Fixed assets | 21/28 | €339,328 | €327,751 | -€11,577 | -3.4% |
| Tangible fixed assets | 22/27 | €339,328 | €327,751 | -€11,577 | -3.4% |
| Land and buildings | 22 | €339,328 | €327,751 | -€11,577 | -3.4% |
| Current assets | 29/58 | €616,380 | €835,775 | +€219,395 | +35.6% |
| Stocks and contracts in progress | 3 | €616,380 | €832,378 | +€215,999 | +35.0% |
| Stocks | 30/36 | €616,380 | €832,378 | +€215,999 | +35.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,747 | +€2,747 | |
| Trade receivables | 40 | €0 | €400 | +€400 | |
| Other amounts receivable | 41 | €0 | €2,347 | +€2,347 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | - | €649 | +€649 | |
| Total equity and liabilities | 10/49 | €956,486 | €1,163,779 | +€207,293 | +21.7% |
| Equity | 10/15 | €157,661 | €142,551 | -€15,110 | -9.6% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,339 | -€32,449 | -€15,110 | -87.1% |
| Amounts payable | 17/49 | €798,825 | €1,021,228 | +€222,403 | +27.8% |
| Amounts payable after more than one year | 17 | €228,179 | €214,470 | -€13,709 | -6.0% |
| Financial debts | 170/4 | €228,179 | €214,470 | -€13,709 | -6.0% |
| Amounts payable within one year | 42/48 | €564,799 | €805,143 | +€240,344 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €13,243 | €13,709 | +€466 | +3.5% |
| Financial debts | 43 | €24,179 | €161,049 | +€136,870 | +566.1% |
| Credit institutions | 430/8 | €24,179 | €161,049 | +€136,870 | +566.1% |
| Trade debts | 44 | €884 | €400 | -€484 | -54.8% |
| Suppliers | 440/4 | €884 | €400 | -€484 | -54.8% |
| Taxes, remuneration and social security | 45 | €1,493 | - | -€1,493 | |
| Taxes | 450/3 | €1,493 | - | -€1,493 | |
| Other amounts payable | 47/48 | €525,000 | €629,985 | +€104,985 | +20.0% |
| Accrued charges and deferred income | 492/3 | €5,846 | €1,614 | -€4,232 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,247 | €12,102 | +€2,855 | +30.9% |
| Other operating charges | 640/8 | €2,312 | €3,065 | +€752 | +32.5% |
| Gross operating margin | 9900 | €12,193 | €23,971 | +€11,778 | +96.6% |
| Operating profit (loss) | 9901 | €633 | €8,804 | +€8,171 | +1290.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,109 | €23,914 | +€11,806 | +97.5% |
| Recurring financial charges | 65 | €12,109 | €23,914 | +€11,806 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,475 | -€15,110 | -€3,635 | -31.7% |
| Profit (loss) for the period | 9904 | -€11,475 | -€15,110 | -€3,635 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,475 | -€15,110 | -€3,635 | -31.7% |
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 7 October 2026 via checked.be.