THOM et Co: 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.
What changed
THOM et Co
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€13,041
2024 · -€129,414+€116,373
Equity
-€305,691
2024 · -€292,649-€13,042
Cash
€19,260
2024 · €11,646+€7,614
Balance sheet total
€1.4m
2024 · €1.5m-€90,651
Largest movements
Assets
- Tangible fixed assets -€109,450
down €109,450 (-7.4%), from €1.5m to €1.4m
of which Land and buildings: -€91,723
Equity and liabilities
- Debts after one year -€143,012
down €143,012 (-33.1%), from €431,947 to €288,935
- Other debts +€66,346
up €66,346 (+7.6%), from €878,606 to €944,952
Income statement
- Gross operating margin +€72,026
up €72,026 (+83.3%), from €86,456 to €158,482
- Taxes -€48,949
no longer reported in 2025 (was €48,949)
- Other operating charges +€15,972
up €15,972 (+220%), from €7,249 to €23,221
- Depreciation -€10,044
down €10,044 (-6.8%), from €148,249 to €138,205
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.
Result 2024
-€129,414
Gross operating margin
+€72,026
Depreciation
+€10,044
Other operating charges
-€15,972
Financial charges
+€1,549
Taxes
+€48,949
Deferred taxes and other
-€223
Result 2025
-€13,041
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€178,103
Investment
-€28,755
Financing
-€141,734
Cash 2024
€11,646
From operations (derived)
+€178,103
Net result for the year
-€13,041
Depreciation
+€138,205
Receivables within one year
-€5,549
Deferred charges and accrued income
-€5,636
Trade debts
-€1,764
Tax, wage and social debts
-€565
Other debts
+€66,346
Accrued charges and deferred income
+€107
Investment (derived)
-€28,755
Investment in fixed assets (net)
-€28,755
Financing
-€141,734
Debts after one year
-€143,012
Current portion of long-term debt
+€1,279
Contributions, distributions and other
-€1
Cash 2025
€19,260
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,492,643 | €1,401,992 | -€90,651 | -6.1% |
| Fixed assets | 21/28 | €1,476,221 | €1,366,771 | -€109,450 | -7.4% |
| Tangible fixed assets | 22/27 | €1,475,721 | €1,366,271 | -€109,450 | -7.4% |
| Land and buildings | 22 | €1,408,161 | €1,316,438 | -€91,723 | -6.5% |
| Plant, machinery and equipment | 23 | €32,702 | €25,005 | -€7,697 | -23.5% |
| Furniture and vehicles | 24 | €34,858 | €24,828 | -€10,030 | -28.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €16,422 | €35,221 | +€18,799 | +114% |
| Amounts receivable within one year | 40/41 | €4,010 | €9,559 | +€5,549 | +138% |
| Trade receivables | 40 | €3,889 | €9,559 | +€5,670 | +146% |
| Other amounts receivable | 41 | €121 | - | -€121 | |
| Cash at bank and in hand | 54/58 | €11,646 | €19,260 | +€7,614 | +65.4% |
| Deferred charges and accrued income | 490/1 | €766 | €6,402 | +€5,636 | +736% |
| Total equity and liabilities | 10/49 | €1,492,643 | €1,401,992 | -€90,651 | -6.1% |
| Equity | 10/15 | -€292,649 | -€305,691 | -€13,042 | -4.5% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €17,390 | €16,721 | -€669 | -3.8% |
| Non-distributable reserves | 130/1 | €2,678 | €2,678 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,678 | €2,678 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,712 | €14,043 | -€669 | -4.5% |
| Profit (loss) carried forward | 14 | -€728,639 | -€741,012 | -€12,373 | -1.7% |
| Provisions and deferred taxes | 16 | €4,681 | €4,681 | = | 0.0% |
| Deferred taxes | 168 | €4,681 | €4,681 | = | 0.0% |
| Amounts payable | 17/49 | €1,780,611 | €1,703,002 | -€77,609 | -4.4% |
| Amounts payable after more than one year | 17 | €431,947 | €288,935 | -€143,012 | -33.1% |
| Financial debts | 170/4 | €431,947 | €288,935 | -€143,012 | -33.1% |
| Amounts payable within one year | 42/48 | €1,348,664 | €1,413,960 | +€65,296 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €153,936 | €155,215 | +€1,279 | +0.8% |
| Trade debts | 44 | €47,823 | €46,059 | -€1,764 | -3.7% |
| Suppliers | 440/4 | €47,823 | €46,059 | -€1,764 | -3.7% |
| Taxes, remuneration and social security | 45 | €268,299 | €267,734 | -€565 | -0.2% |
| Taxes | 450/3 | €268,299 | €267,734 | -€565 | -0.2% |
| Other amounts payable | 47/48 | €878,606 | €944,952 | +€66,346 | +7.6% |
| Accrued charges and deferred income | 492/3 | €0 | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,249 | €138,205 | -€10,044 | -6.8% |
| Other operating charges | 640/8 | €7,249 | €23,221 | +€15,972 | +220% |
| Gross operating margin | 9900 | €86,456 | €158,482 | +€72,026 | +83.3% |
| Operating profit (loss) | 9901 | -€69,042 | -€2,944 | +€66,098 | +95.7% |
| Financial charges | 65/66B | €11,646 | €10,097 | -€1,549 | -13.3% |
| Recurring financial charges | 65 | €11,646 | €10,097 | -€1,549 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€80,688 | -€13,041 | +€67,647 | +83.8% |
| Transfer from deferred taxes | 780 | €223 | - | -€223 | |
| Income taxes | 67/77 | €48,949 | - | -€48,949 | |
| Profit (loss) for the period | 9904 | -€129,414 | -€13,041 | +€116,373 | +89.9% |
| Transfer from tax-exempt reserves | 789 | €668 | €668 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,746 | -€12,373 | +€116,373 | +90.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.