THOVIMO: 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.
THOVIMO
Largest movements
- Tangible fixed assets -€63,626
down €63,626 (-2.8%), from €2.3m to €2.2m
of which Land and buildings: -€44,973
- Reserves +€371,745
up €371,745 (+38.6%), from €963,407 to €1.3m
of which Distributable reserves: +€203,345
- Debts after one year -€257,820
down €257,820 (-35.8%), from €719,687 to €461,867
- Other debts -€212,317
down €212,317 (-39.3%), from €540,870 to €328,553
- Tax, wage and social debts +€25,770
up €25,770 (+73.9%), from €34,859 to €60,629
of which Taxes: +€25,770
- Financial charges -€12,615
down €12,615 (-29.4%), from €42,873 to €30,258
- Other operating charges -€12,013
down €12,013 (-49.4%), from €24,298 to €12,285
- Taxes +€8,594
up €8,594 (+5.6%), from €152,409 to €161,003
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 | €2,529,056 | €2,464,358 | -€64,698 | -2.6% |
| Fixed assets | 21/28 | €2,416,346 | €2,352,720 | -€63,626 | -2.6% |
| Tangible fixed assets | 22/27 | €2,302,346 | €2,238,720 | -€63,626 | -2.8% |
| Land and buildings | 22 | €2,227,583 | €2,182,610 | -€44,973 | -2.0% |
| Furniture and vehicles | 24 | €74,763 | €56,111 | -€18,653 | -24.9% |
| Financial fixed assets | 28 | €114,000 | €114,000 | = | 0.0% |
| Current assets | 29/58 | €112,710 | €111,638 | -€1,072 | -1.0% |
| Amounts receivable within one year | 40/41 | €70,000 | €63,513 | -€6,487 | -9.3% |
| Trade receivables | 40 | €40,000 | €46,639 | +€6,639 | +16.6% |
| Other amounts receivable | 41 | €30,000 | €16,874 | -€13,126 | -43.8% |
| Cash at bank and in hand | 54/58 | €39,880 | €43,853 | +€3,973 | +10.0% |
| Deferred charges and accrued income | 490/1 | €2,830 | €4,271 | +€1,441 | +50.9% |
| Total equity and liabilities | 10/49 | €2,529,056 | €2,464,358 | -€64,698 | -2.6% |
| Equity | 10/15 | €976,407 | €1,348,152 | +€371,745 | +38.1% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €963,407 | €1,335,152 | +€371,745 | +38.6% |
| Tax-exempt reserves | 132 | €168,400 | €336,800 | +€168,400 | +100.0% |
| Distributable reserves | 133 | €795,007 | €998,352 | +€203,345 | +25.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,552,649 | €1,116,206 | -€436,443 | -28.1% |
| Amounts payable after more than one year | 17 | €719,687 | €461,867 | -€257,820 | -35.8% |
| Financial debts | 170/4 | €719,687 | €461,867 | -€257,820 | -35.8% |
| Amounts payable within one year | 42/48 | €831,962 | €650,722 | -€181,240 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €255,414 | €257,820 | +€2,406 | +0.9% |
| Trade debts | 44 | €819 | €3,720 | +€2,901 | +354.1% |
| Suppliers | 440/4 | €819 | €3,720 | +€2,901 | +354.1% |
| Taxes, remuneration and social security | 45 | €34,859 | €60,629 | +€25,770 | +73.9% |
| Taxes | 450/3 | €34,859 | €60,629 | +€25,770 | +73.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €540,870 | €328,553 | -€212,317 | -39.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | €3,617 | +€2,617 | +261.7% |
| Remuneration, social security and pensions | 62 | -€8 | €0 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,473 | €63,626 | +€153 | +0.2% |
| Other operating charges | 640/8 | €24,298 | €12,285 | -€12,013 | -49.4% |
| Gross operating margin | 9900 | €639,278 | €638,917 | -€361 | -0.1% |
| Operating profit (loss) | 9901 | €551,515 | €563,006 | +€11,491 | +2.1% |
| Financial charges | 65/66B | €42,873 | €30,258 | -€12,615 | -29.4% |
| Recurring financial charges | 65 | €42,873 | €30,258 | -€12,615 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €508,642 | €532,748 | +€24,106 | +4.7% |
| Income taxes | 67/77 | €152,409 | €161,003 | +€8,594 | +5.6% |
| Profit (loss) for the period | 9904 | €356,233 | €371,745 | +€15,512 | +4.4% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,833 | €203,345 | +€15,512 | +8.3% |
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 9 October 2026 via checked.be.