THONÉ IMMO: 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.
THONÉ IMMO
Largest movements
- Cash -€644,308
down €644,308 (-97.4%), from €661,270 to €16,962
mainly Current investments (-€339,541) and Investment in fixed assets (net) (-€276,306)
- Current investments +€339,541
up €339,541 (+105%), from €324,082 to €663,623
- Tangible fixed assets +€153,488
up €153,488 (+6.3%), from €2.4m to €2.6m
of which Land and buildings: +€135,123
- Debts after one year -€52,000
down €52,000 (-5.9%), from €879,739 to €827,738
- Other debts -€39,251
down €39,251 (-9.5%), from €415,075 to €375,824
- Gross operating margin -€215,050
down €215,050 (-64.8%), from €331,880 to €116,830
- Depreciation +€19,248
up €19,248 (+18.6%), from €103,570 to €122,818
- Financial charges -€9,052
down €9,052 (-57.2%), from €15,813 to €6,761
- Financial income +€7,714
up €7,714 (+255%), from €3,029 to €10,742
- Taxes -€6,080
down €6,080, from €5,921 to -€159
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 | €3,416,487 | €3,275,583 | -€140,905 | -4.1% |
| Fixed assets | 21/28 | €2,420,447 | €2,573,935 | +€153,488 | +6.3% |
| Tangible fixed assets | 22/27 | €2,420,447 | €2,573,935 | +€153,488 | +6.3% |
| Land and buildings | 22 | €2,380,978 | €2,516,102 | +€135,123 | +5.7% |
| Plant, machinery and equipment | 23 | €23,610 | €24,212 | +€602 | +2.5% |
| Furniture and vehicles | 24 | €15,858 | €33,621 | +€17,763 | +112% |
| Current assets | 29/58 | €996,040 | €701,648 | -€294,393 | -29.6% |
| Amounts receivable within one year | 40/41 | €10,688 | €21,063 | +€10,375 | +97.1% |
| Trade receivables | 40 | €4,225 | €14,567 | +€10,343 | +245% |
| Other amounts receivable | 41 | €6,463 | €6,496 | +€33 | +0.5% |
| Current investments | 50/53 | €324,082 | €663,623 | +€339,541 | +105% |
| Cash at bank and in hand | 54/58 | €661,270 | €16,962 | -€644,308 | -97.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,416,487 | €3,275,583 | -€140,905 | -4.1% |
| Equity | 10/15 | €1,790,492 | €1,768,677 | -€21,815 | -1.2% |
| Contributions | 10/11 | €840,855 | €840,855 | = | 0.0% |
| Reserves | 13 | €824,744 | €824,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €311,329 | €311,329 | = | 0.0% |
| Own shares acquired | 1312 | €311,329 | €311,329 | = | 0.0% |
| Distributable reserves | 133 | €513,414 | €513,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,893 | €103,078 | -€21,815 | -17.5% |
| Amounts payable | 17/49 | €1,625,995 | €1,506,906 | -€119,090 | -7.3% |
| Amounts payable after more than one year | 17 | €879,739 | €827,738 | -€52,000 | -5.9% |
| Financial debts | 170/4 | €879,739 | €827,738 | -€52,000 | -5.9% |
| Amounts payable within one year | 42/48 | €493,930 | €446,618 | -€47,312 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €52,000 | €52,000 | +€0 | 0.0% |
| Trade debts | 44 | €15,696 | €10,718 | -€4,978 | -31.7% |
| Suppliers | 440/4 | €15,696 | €10,718 | -€4,978 | -31.7% |
| Taxes, remuneration and social security | 45 | €11,159 | €8,075 | -€3,084 | -27.6% |
| Taxes | 450/3 | €10,080 | €7,035 | -€3,045 | -30.2% |
| Remuneration and social security | 454/9 | €1,079 | €1,040 | -€39 | -3.6% |
| Other amounts payable | 47/48 | €415,075 | €375,824 | -€39,251 | -9.5% |
| Accrued charges and deferred income | 492/3 | €252,327 | €232,550 | -€19,777 | -7.8% |
| Remuneration, social security and pensions | 62 | €18,597 | €16,603 | -€1,994 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,570 | €122,818 | +€19,248 | +18.6% |
| Other operating charges | 640/8 | €3,114 | €3,364 | +€249 | +8.0% |
| Gross operating margin | 9900 | €331,880 | €116,830 | -€215,050 | -64.8% |
| Operating profit (loss) | 9901 | €206,599 | -€25,955 | -€232,554 | |
| Financial income | 75/76B | €3,029 | €10,742 | +€7,714 | +255% |
| Recurring financial income | 75 | €3,029 | €10,742 | +€7,714 | +255% |
| Financial charges | 65/66B | €15,813 | €6,761 | -€9,052 | -57.2% |
| Recurring financial charges | 65 | €15,813 | €6,761 | -€9,052 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €193,814 | -€21,974 | -€215,788 | |
| Income taxes | 67/77 | €5,921 | -€159 | -€6,080 | |
| Profit (loss) for the period | 9904 | €187,893 | -€21,815 | -€209,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €187,893 | -€21,815 | -€209,708 |
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 17 October 2026 via checked.be.