THUNUS ESPACES VERTS: 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.
THUNUS ESPACES VERTS
Largest movements
- Tangible fixed assets -€130,007
down €130,007 (-10.8%), from €1.2m to €1.1m
of which Leasing and similar rights: -€85,990
- Receivables within one year +€43,184
up €43,184 (+28.5%), from €151,305 to €194,489
of which Trade receivables: +€62,159
- Cash -€20,132
down €20,132 (-6.4%), from €315,099 to €294,967
mainly Debts after one year (-€98,269) and Investment in fixed assets (net) (-€76,089)
- Debts after one year -€98,269
down €98,269 (-12.7%), from €774,774 to €676,505
- Reserves +€68,420
up €68,420 (+14.2%), from €482,734 to €551,154
- Current portion of long-term debt -€56,430
down €56,430 (-33.4%), from €168,802 to €112,371
- Other operating charges -€58,104
down €58,104 (-92.3%), from €62,926 to €4,822
- Taxes +€20,862
up €20,862 (+506%), from €4,126 to €24,989
- Depreciation +€5,909
up €5,909 (+3.0%), from €200,187 to €206,096
- Financial income -€5,556
down €5,556 (-76.3%), from €7,286 to €1,730
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 | €1,697,288 | €1,598,341 | -€98,947 | -5.8% |
| Fixed assets | 21/28 | €1,205,074 | €1,075,067 | -€130,007 | -10.8% |
| Tangible fixed assets | 22/27 | €1,205,074 | €1,075,067 | -€130,007 | -10.8% |
| Land and buildings | 22 | €671,367 | €668,213 | -€3,153 | -0.5% |
| Plant, machinery and equipment | 23 | €171,428 | €157,695 | -€13,733 | -8.0% |
| Furniture and vehicles | 24 | €151,302 | €124,156 | -€27,146 | -17.9% |
| Leasing and similar rights | 25 | €202,494 | €116,503 | -€85,990 | -42.5% |
| Other tangible fixed assets | 26 | €8,485 | €8,500 | +€16 | +0.2% |
| Current assets | 29/58 | €492,214 | €523,274 | +€31,060 | +6.3% |
| Stocks and contracts in progress | 3 | €21,015 | €21,015 | = | 0.0% |
| Stocks | 30/36 | €21,015 | €21,015 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151,305 | €194,489 | +€43,184 | +28.5% |
| Trade receivables | 40 | €121,486 | €183,645 | +€62,159 | +51.2% |
| Other amounts receivable | 41 | €29,819 | €10,844 | -€18,975 | -63.6% |
| Cash at bank and in hand | 54/58 | €315,099 | €294,967 | -€20,132 | -6.4% |
| Deferred charges and accrued income | 490/1 | €4,795 | €12,802 | +€8,007 | +167% |
| Total equity and liabilities | 10/49 | €1,697,288 | €1,598,341 | -€98,947 | -5.8% |
| Equity | 10/15 | €491,031 | €557,804 | +€66,773 | +13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €482,734 | €551,154 | +€68,420 | +14.2% |
| Distributable reserves | 133 | €482,734 | €551,154 | +€68,420 | +14.2% |
| Investment grants | 15 | €3,297 | €1,650 | -€1,647 | -50.0% |
| Amounts payable | 17/49 | €1,206,257 | €1,040,538 | -€165,720 | -13.7% |
| Amounts payable after more than one year | 17 | €774,774 | €676,505 | -€98,269 | -12.7% |
| Financial debts | 170/4 | €774,774 | €676,505 | -€98,269 | -12.7% |
| Amounts payable within one year | 42/48 | €421,355 | €355,467 | -€65,889 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €168,802 | €112,371 | -€56,430 | -33.4% |
| Trade debts | 44 | €57,545 | €60,585 | +€3,040 | +5.3% |
| Suppliers | 440/4 | €57,545 | €60,585 | +€3,040 | +5.3% |
| Taxes, remuneration and social security | 45 | €43,310 | €29,462 | -€13,848 | -32.0% |
| Taxes | 450/3 | €24,280 | €8,459 | -€15,821 | -65.2% |
| Remuneration and social security | 454/9 | €19,030 | €21,003 | +€1,974 | +10.4% |
| Other amounts payable | 47/48 | €151,698 | €153,048 | +€1,349 | +0.9% |
| Accrued charges and deferred income | 492/3 | €10,128 | €8,566 | -€1,562 | -15.4% |
| Non-recurring operating income | 76A | €16,725 | €662 | -€16,063 | -96.0% |
| Remuneration, social security and pensions | 62 | €158,802 | €156,504 | -€2,298 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,187 | €206,096 | +€5,909 | +3.0% |
| Other operating charges | 640/8 | €62,926 | €4,822 | -€58,104 | -92.3% |
| Non-recurring operating charges | 66A | €24,217 | - | -€24,217 | |
| Gross operating margin | 9900 | €503,612 | €501,906 | -€1,706 | -0.3% |
| Operating profit (loss) | 9901 | €57,480 | €134,484 | +€77,004 | +134% |
| Financial income | 75/76B | €7,286 | €1,730 | -€5,556 | -76.3% |
| Recurring financial income | 75 | €7,286 | €1,730 | -€5,556 | -76.3% |
| Financial charges | 65/66B | €37,864 | €41,973 | +€4,108 | +10.9% |
| Recurring financial charges | 65 | €37,864 | €41,973 | +€4,108 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €26,902 | €94,241 | +€67,339 | +250% |
| Income taxes | 67/77 | €4,126 | €24,989 | +€20,862 | +506% |
| Profit (loss) for the period | 9904 | €22,776 | €69,253 | +€46,477 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €22,776 | €69,253 | +€46,477 | +204% |
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 27 October 2026 via checked.be.