THOGIMMO: 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.
THOGIMMO
Largest movements
- Tangible fixed assets -€16,044
down €16,044 (-3.6%), from €447,311 to €431,267
of which Land and buildings: -€29,549
- Debts after one year -€29,115
down €29,115 (-13.5%), from €215,203 to €186,089
- Profit (loss) carried forward +€13,382
up €13,382 (+25.0%), from -€53,435 to -€40,053
- Financial charges -€1,840
down €1,840 (-22.7%), from €8,108 to €6,268
- Depreciation +€794
up €794 (+2.7%), from €29,549 to €30,343
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 | €462,017 | €441,746 | -€20,271 | -4.4% |
| Fixed assets | 21/28 | €447,311 | €431,267 | -€16,044 | -3.6% |
| Tangible fixed assets | 22/27 | €447,311 | €431,267 | -€16,044 | -3.6% |
| Land and buildings | 22 | €447,311 | €417,762 | -€29,549 | -6.6% |
| Furniture and vehicles | 24 | - | €13,505 | +€13,505 | |
| Current assets | 29/58 | €14,706 | €10,479 | -€4,227 | -28.7% |
| Amounts receivable within one year | 40/41 | €2,514 | - | -€2,514 | |
| Trade receivables | 40 | €2,514 | - | -€2,514 | |
| Cash at bank and in hand | 54/58 | €8,774 | €7,000 | -€1,774 | -20.2% |
| Deferred charges and accrued income | 490/1 | €3,418 | €3,479 | +€61 | +1.8% |
| Total equity and liabilities | 10/49 | €462,017 | €441,746 | -€20,271 | -4.4% |
| Equity | 10/15 | €76,565 | €89,947 | +€13,382 | +17.5% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,435 | -€40,053 | +€13,382 | +25.0% |
| Amounts payable | 17/49 | €385,452 | €351,799 | -€33,653 | -8.7% |
| Amounts payable after more than one year | 17 | €215,203 | €186,089 | -€29,115 | -13.5% |
| Financial debts | 170/4 | €215,203 | €186,089 | -€29,115 | -13.5% |
| Amounts payable within one year | 42/48 | €170,249 | €165,710 | -€4,539 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €33,281 | €29,115 | -€4,167 | -12.5% |
| Trade debts | 44 | €1,092 | €2,370 | +€1,278 | +117.0% |
| Suppliers | 440/4 | €1,092 | €2,370 | +€1,278 | +117.0% |
| Other amounts payable | 47/48 | €135,875 | €134,225 | -€1,650 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,549 | €30,343 | +€794 | +2.7% |
| Other operating charges | 640/8 | €7,371 | €7,522 | +€151 | +2.1% |
| Non-recurring operating charges | 66A | - | €2,200 | +€2,200 | |
| Gross operating margin | 9900 | €59,278 | €59,855 | +€577 | +1.0% |
| Operating profit (loss) | 9901 | €22,358 | €19,790 | -€2,568 | -11.5% |
| Financial charges | 65/66B | €8,108 | €6,268 | -€1,840 | -22.7% |
| Recurring financial charges | 65 | €8,108 | €6,268 | -€1,840 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €14,250 | €13,522 | -€728 | -5.1% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €14,119 | €13,382 | -€736 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,119 | €13,382 | -€736 | -5.2% |
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.