Thuisrand: 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
Thuisrand
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · -€7,194-€1.7m
Equity
€19.7m
2024 · €22.0m-€2.3m
Cash
€2.3m
2024 · €4.5m-€2.2m
Balance sheet total
€143.4m
2024 · €149.0m-€5.6m
Largest movements
Assets
- Tangible fixed assets -€4.4m
down €4.4m (-3.2%), from €138.2m to €133.9m
of which Land and buildings: -€9.0m
- Cash -€2.2m
down €2.2m (-49.7%), from €4.5m to €2.3m
mainly Current portion of long-term debt (-€2.9m) and Receivables within one year (-€2.0m)
- Receivables within one year +€2.0m
up €2.0m (+207%), from €980,775 to €3.0m
of which Other amounts receivable: +€1.8m
Equity and liabilities
- Current portion of long-term debt -€2.9m
down €2.9m (-40.0%), from €7.3m to €4.4m
- Reserves -€2.4m
down €2.4m (-12.1%), from €19.4m to €17.1m
of which Non-distributable reserves: -€2.2m
Income statement
- Goods and materials +€915,814
up €915,814 (+371%), from €246,691 to €1.2m
of which Change in stocks: decrease (increase): +€530,750
- Provisions +€484,409
up €484,409 (+61.6%), from -€786,754 to -€302,346
- Financial charges -€372,700
down €372,700 (-15.1%), from €2.5m to €2.1m
- Financial income -€311,922
down €311,922 (-14.7%), from €2.1m to €1.8m
- Write-downs +€262,551
up €262,551, from -€152,914 to €109,637
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
-€7,194
Turnover
+€164,996
Other operating income
-€25,773
Goods and materials
-€915,814
Services and other goods
-€207,444
Staff costs
-€205,214
Depreciation
+€216,402
Write-downs
-€262,551
Provisions
-€484,409
Other operating charges
+€218,652
Other operating items
-€264,725
Financial income
-€311,922
Financial charges
+€372,700
Taxes
+€31,447
Deferred taxes and other
+€18,995
Result 2025
-€1.7m
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
-€916,481
Investment
+€1.3m
Financing
-€2.7m
Cash 2024
€4.5m
From operations (derived)
-€916,481
Net result for the year
-€1.7m
Depreciation
+€2.9m
Stocks and contracts
+€590,128
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€507,323
Provisions
-€308,407
Trade debts
-€588,327
Tax, wage and social debts
+€254,519
Other debts
-€163,079
Accrued charges and deferred income
-€470,411
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.4m
Current investments
-€78,809
Financing
-€2.7m
Debts after one year
+€180,315
Current portion of long-term debt
-€2.9m
Short-term financial debts
+€750,000
Contributions, distributions and other
-€677,399
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,955,903 | €143,365,723 | -€5.6m | -3.8% |
| Fixed assets | 21/28 | €138,300,271 | €133,946,445 | -€4.4m | -3.1% |
| Intangible fixed assets | 21 | €484 | €5,310 | +€4,826 | +997% |
| Tangible fixed assets | 22/27 | €138,245,503 | €133,886,627 | -€4.4m | -3.2% |
| Land and buildings | 22 | €127,057,390 | €118,076,319 | -€9.0m | -7.1% |
| Plant, machinery and equipment | 23 | €1,359 | €200 | -€1,160 | -85.3% |
| Furniture and vehicles | 24 | €19,789 | €9,217 | -€10,571 | -53.4% |
| Leasing and similar rights | 25 | €41,475 | €40,223 | -€1,252 | -3.0% |
| Other tangible fixed assets | 26 | - | €28,286 | +€28,286 | |
| Assets under construction and advance payments | 27 | €11,125,490 | €15,732,383 | +€4.6m | +41.4% |
| Financial fixed assets | 28 | €54,284 | €54,507 | +€223 | +0.4% |
| Other financial fixed assets | 284/8 | €54,284 | €54,507 | +€223 | +0.4% |
| Shares | 284 | €51,000 | €51,223 | +€223 | +0.4% |
| Amounts receivable and cash guarantees | 285/8 | €3,284 | €3,284 | = | 0.0% |
| Current assets | 29/58 | €10,655,631 | €9,419,278 | -€1.2m | -11.6% |
| Stocks and contracts in progress | 3 | €2,945,598 | €2,355,470 | -€590,128 | -20.0% |
| Stocks | 30/36 | €2,945,598 | €2,355,470 | -€590,128 | -20.0% |
| Raw materials and consumables | 30/31 | €14,180 | €10,631 | -€3,549 | -25.0% |
| Property held for sale | 35 | €2,931,418 | €2,344,839 | -€586,579 | -20.0% |
| Amounts receivable within one year | 40/41 | €980,775 | €3,006,731 | +€2.0m | +207% |
| Trade receivables | 40 | €396,353 | €593,853 | +€197,500 | +49.8% |
| Other amounts receivable | 41 | €584,422 | €2,412,878 | +€1.8m | +313% |
| Current investments | 50/53 | €1,013,232 | €1,092,041 | +€78,809 | +7.8% |
| Own shares | 50 | €6,232 | €85,041 | +€78,809 | +1,264% |
| Other investments | 51/53 | €1,007,000 | €1,007,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,517,512 | €2,273,845 | -€2.2m | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,198,513 | €691,191 | -€507,323 | -42.3% |
| Total equity and liabilities | 10/49 | €148,955,903 | €143,365,723 | -€5.6m | -3.8% |
| Equity | 10/15 | €22,026,068 | €19,686,816 | -€2.3m | -10.6% |
| Contributions | 10/11 | €110,807 | €107,283 | -€3,524 | -3.2% |
| Reserves | 13 | €19,432,317 | €17,073,577 | -€2.4m | -12.1% |
| Non-distributable reserves | 130/1 | €6,750,125 | €4,506,150 | -€2.2m | -33.2% |
| Reserves not available under the articles | 1311 | €8,943 | €8,658 | -€286 | -3.2% |
| Own shares acquired | 1312 | €6,232 | €85,041 | +€78,809 | +1,264% |
| Other | 1319 | €6,734,949 | €4,412,451 | -€2.3m | -34.5% |
| Tax-exempt reserves | 132 | €12,674,315 | €12,559,801 | -€114,514 | -0.9% |
| Distributable reserves | 133 | €7,877 | €7,626 | -€252 | -3.2% |
| Investment grants | 15 | €2,482,944 | €2,505,956 | +€23,012 | +0.9% |
| Provisions and deferred taxes | 16 | €2,480,218 | €2,171,811 | -€308,407 | -12.4% |
| Provisions for liabilities and charges | 160/5 | €1,737,271 | €1,434,925 | -€302,346 | -17.4% |
| Pensions and similar obligations | 160 | €760,684 | €36,789 | -€723,896 | -95.2% |
| Major repairs and maintenance | 162 | €976,586 | €1,287,886 | +€311,300 | +31.9% |
| Other liabilities and charges | 164/5 | - | €110,250 | +€110,250 | |
| Deferred taxes | 168 | €742,948 | €736,886 | -€6,061 | -0.8% |
| Amounts payable | 17/49 | €124,449,616 | €121,507,096 | -€2.9m | -2.4% |
| Amounts payable after more than one year | 17 | €111,475,369 | €111,655,684 | +€180,315 | +0.2% |
| Financial debts | 170/4 | €110,128,803 | €110,308,029 | +€179,226 | +0.2% |
| Leasing and similar obligations | 172 | €154,000 | €154,000 | = | 0.0% |
| Credit institutions | 173 | €109,974,803 | €110,154,029 | +€179,226 | +0.2% |
| Other amounts payable | 178/9 | €1,346,566 | €1,347,655 | +€1,089 | +0.1% |
| Amounts payable within one year | 42/48 | €11,688,670 | €9,036,246 | -€2.7m | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €7,258,979 | €4,353,441 | -€2.9m | -40.0% |
| Financial debts | 43 | - | €750,000 | +€750,000 | |
| Credit institutions | 430/8 | - | €750,000 | +€750,000 | |
| Trade debts | 44 | €2,254,467 | €1,666,140 | -€588,327 | -26.1% |
| Suppliers | 440/4 | €2,254,467 | €1,666,140 | -€588,327 | -26.1% |
| Taxes, remuneration and social security | 45 | €905,100 | €1,159,619 | +€254,519 | +28.1% |
| Taxes | 450/3 | €657,941 | €596,177 | -€61,764 | -9.4% |
| Remuneration and social security | 454/9 | €247,159 | €563,442 | +€316,283 | +128% |
| Other amounts payable | 47/48 | €1,270,124 | €1,107,045 | -€163,079 | -12.8% |
| Accrued charges and deferred income | 492/3 | €1,285,577 | €815,166 | -€470,411 | -36.6% |
| Operating income | 70/76A | €13,059,103 | €12,832,176 | -€226,927 | -1.7% |
| Turnover | 70 | €10,992,179 | €11,157,176 | +€164,996 | +1.5% |
| Other operating income | 74 | €1,017,879 | €992,106 | -€25,773 | -2.5% |
| Non-recurring operating income | 76A | €1,049,044 | €682,894 | -€366,150 | -34.9% |
| Operating charges | 60/66A | €12,657,414 | €14,196,367 | +€1.5m | +12.2% |
| Goods for resale, raw materials and consumables | 60 | €246,691 | €1,162,505 | +€915,814 | +371% |
| Purchases | 600/8 | €187,313 | €572,377 | +€385,064 | +206% |
| Change in stocks: decrease (increase) | 609 | €59,378 | €590,128 | +€530,750 | +894% |
| Services and other goods | 61 | €6,878,738 | €7,086,182 | +€207,444 | +3.0% |
| Remuneration, social security and pensions | 62 | €2,454,106 | €2,659,320 | +€205,214 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,165,984 | €2,949,583 | -€216,402 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€152,914 | €109,637 | +€262,551 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€786,754 | -€302,346 | +€484,409 | +61.6% |
| Other operating charges | 640/8 | €746,560 | €527,908 | -€218,652 | -29.3% |
| Non-recurring operating charges | 66A | €105,005 | €3,579 | -€101,425 | -96.6% |
| Operating profit (loss) | 9901 | €401,689 | -€1,364,190 | -€1.8m | |
| Financial income | 75/76B | €2,128,060 | €1,816,138 | -€311,922 | -14.7% |
| Recurring financial income | 75 | €2,128,060 | €1,816,138 | -€311,922 | -14.7% |
| Income from current assets | 751 | €61,793 | €7,937 | -€53,857 | -87.2% |
| Other financial income | 752/9 | €2,066,267 | €1,808,201 | -€258,066 | -12.5% |
| Financial charges | 65/66B | €2,470,092 | €2,097,391 | -€372,700 | -15.1% |
| Recurring financial charges | 65 | €2,470,092 | €2,097,391 | -€372,700 | -15.1% |
| Debt charges | 650 | €2,468,862 | €2,094,727 | -€374,135 | -15.2% |
| Other financial charges | 652/9 | €1,230 | €2,664 | +€1,434 | +117% |
| Profit (loss) for the period before taxes | 9903 | €59,657 | -€1,645,444 | -€1.7m | |
| Transfer from deferred taxes | 780 | €15,980 | €17,124 | +€1,144 | +7.2% |
| Transfer to deferred taxes | 680 | €51,384 | €33,534 | -€17,850 | -34.7% |
| Income taxes | 67/77 | €31,447 | - | -€31,447 | |
| Taxes | 670/3 | €31,447 | - | -€31,447 | |
| Profit (loss) for the period | 9904 | -€7,194 | -€1,661,853 | -€1.7m | -23,001% |
| Transfer from tax-exempt reserves | 789 | €254,579 | €277,520 | +€22,941 | +9.0% |
| Transfer to tax-exempt reserves | 689 | €983,660 | €644,001 | -€339,659 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€736,275 | -€2,028,335 | -€1.3m | -175% |
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 15 October 2026 via checked.be.