CSA THYS: 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.
CSA THYS
Largest movements
- Receivables within one year -€170,979
down €170,979 (-71.1%), from €240,591 to €69,612
of which Trade receivables: -€160,430
- Cash -€154,761
down €154,761 (-64.3%), from €240,550 to €85,789
mainly Trade debts (-€253,045) and Investment in fixed assets (net) (-€140,100)
- Tangible fixed assets +€74,882
up €74,882 (+64.1%), from €116,735 to €191,617
of which Furniture and vehicles: +€99,485
- Stocks and contracts +€36,676
up €36,676 (+22.7%), from €161,231 to €197,907
- Receivables after one year -€33,235
down €33,235 (-29.1%), from €114,137 to €80,902
- Trade debts -€253,045
down €253,045 (-54.6%), from €463,809 to €210,763
- Debts after one year -€18,031
down €18,031 (-17.1%), from €105,556 to €87,525
- Current portion of long-term debt -€15,425
down €15,425 (-43.6%), from €35,401 to €19,976
- Depreciation +€16,667
up €16,667 (+31.0%), from €53,849 to €70,516
- Gross operating margin +€13,334
up €13,334 (+5.3%), from €249,495 to €262,829
- Staff costs -€6,292
down €6,292 (-3.9%), from €160,944 to €154,651
- Taxes +€5,069
up €5,069 (+158.6%), from €3,195 to €8,264
- Other operating charges +€2,983
up €2,983 (+22.2%), from €13,442 to €16,425
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €920,167 | €643,485 | -€276,682 | -30.1% |
| Formation expenses | 20 | €1,083 | €518 | -€565 | -52.2% |
| Fixed assets | 21/28 | €124,968 | €195,117 | +€70,149 | +56.1% |
| Intangible fixed assets | 21 | €8,233 | €0 | -€8,233 | -100.0% |
| Tangible fixed assets | 22/27 | €116,735 | €191,617 | +€74,882 | +64.1% |
| Plant, machinery and equipment | 23 | €109,545 | €82,699 | -€26,847 | -24.5% |
| Furniture and vehicles | 24 | €7,190 | €106,675 | +€99,485 | +1383.7% |
| Assets under construction and advance payments | 27 | - | €2,244 | +€2,244 | |
| Financial fixed assets | 28 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €794,116 | €447,850 | -€346,266 | -43.6% |
| Amounts receivable after more than one year | 29 | €114,137 | €80,902 | -€33,235 | -29.1% |
| Other amounts receivable | 291 | €114,137 | €80,902 | -€33,235 | -29.1% |
| Stocks and contracts in progress | 3 | €161,231 | €197,907 | +€36,676 | +22.7% |
| Stocks | 30/36 | €161,231 | €197,907 | +€36,676 | +22.7% |
| Amounts receivable within one year | 40/41 | €240,591 | €69,612 | -€170,979 | -71.1% |
| Trade receivables | 40 | €195,379 | €34,950 | -€160,430 | -82.1% |
| Other amounts receivable | 41 | €45,212 | €34,663 | -€10,549 | -23.3% |
| Cash at bank and in hand | 54/58 | €240,550 | €85,789 | -€154,761 | -64.3% |
| Deferred charges and accrued income | 490/1 | €37,607 | €13,640 | -€23,966 | -63.7% |
| Total equity and liabilities | 10/49 | €920,167 | €643,485 | -€276,682 | -30.1% |
| Equity | 10/15 | €282,553 | €290,676 | +€8,123 | +2.9% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €94,430 | €94,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,200 | €0 | -€3,200 | -100.0% |
| Reserves not available under the articles | 1311 | €3,200 | €0 | -€3,200 | -100.0% |
| Distributable reserves | 133 | €91,230 | €94,430 | +€3,200 | +3.5% |
| Profit (loss) carried forward | 14 | €156,123 | €164,246 | +€8,123 | +5.2% |
| Amounts payable | 17/49 | €637,615 | €352,809 | -€284,805 | -44.7% |
| Amounts payable after more than one year | 17 | €105,556 | €87,525 | -€18,031 | -17.1% |
| Financial debts | 170/4 | €105,556 | €87,525 | -€18,031 | -17.1% |
| Amounts payable within one year | 42/48 | €532,058 | €265,284 | -€266,774 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €35,401 | €19,976 | -€15,425 | -43.6% |
| Trade debts | 44 | €463,809 | €210,763 | -€253,045 | -54.6% |
| Suppliers | 440/4 | €463,809 | €210,763 | -€253,045 | -54.6% |
| Taxes, remuneration and social security | 45 | €32,323 | €33,764 | +€1,442 | +4.5% |
| Taxes | 450/3 | €346 | €4,796 | +€4,450 | +1284.6% |
| Remuneration and social security | 454/9 | €31,976 | €28,968 | -€3,008 | -9.4% |
| Other amounts payable | 47/48 | €526 | €781 | +€255 | +48.4% |
| Remuneration, social security and pensions | 62 | €160,944 | €154,651 | -€6,292 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,849 | €70,516 | +€16,667 | +31.0% |
| Other operating charges | 640/8 | €13,442 | €16,425 | +€2,983 | +22.2% |
| Non-recurring operating charges | 66A | €1,422 | €1,223 | -€198 | -13.9% |
| Gross operating margin | 9900 | €249,495 | €262,829 | +€13,334 | +5.3% |
| Operating profit (loss) | 9901 | €19,839 | €20,013 | +€174 | +0.9% |
| Financial income | 75/76B | €0 | €2,437 | +€2,437 | |
| Recurring financial income | 75 | €0 | €2,437 | +€2,437 | |
| Financial charges | 65/66B | €7,343 | €6,064 | -€1,279 | -17.4% |
| Recurring financial charges | 65 | €7,343 | €6,064 | -€1,279 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €12,496 | €16,387 | +€3,891 | +31.1% |
| Income taxes | 67/77 | €3,195 | €8,264 | +€5,069 | +158.6% |
| Profit (loss) for the period | 9904 | €9,301 | €8,123 | -€1,178 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,301 | €8,123 | -€1,178 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.