DEN THIJS: 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.
DEN THIJS
Largest movements
- Receivables within one year -€25,322
down €25,322 (-18.3%), from €138,225 to €112,903
of which Trade receivables: -€25,484
- Cash +€5,199
up €5,199 (+47.9%), from €10,853 to €16,052
mainly Receivables within one year (+€25,322) and Depreciation (+€1,935)
- Other debts -€19,384
down €19,384 (-73.1%), from €26,508 to €7,124
- Reserves -€3,738
down €3,738 (-2.3%), from €160,364 to €156,626
of which Distributable reserves: -€3,738
- Gross operating margin -€54,310
down €54,310 (-91.4%), from €59,415 to €5,104
- Depreciation -€17,932
down €17,932 (-90.3%), from €19,866 to €1,935
- Taxes -€12,006
no longer reported in 2025 (was €12,006)
- Other operating charges +€2,909
up €2,909 (+166.9%), from €1,743 to €4,652
- Financial charges -€1,209
down €1,209 (-34.8%), from €3,473 to €2,264
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 | €214,212 | €192,153 | -€22,058 | -10.3% |
| Fixed assets | 21/28 | €65,134 | €63,199 | -€1,935 | -3.0% |
| Tangible fixed assets | 22/27 | €24,326 | €22,391 | -€1,935 | -8.0% |
| Land and buildings | 22 | €15,449 | €15,199 | -€250 | -1.6% |
| Plant, machinery and equipment | 23 | €1,119 | €719 | -€400 | -35.7% |
| Other tangible fixed assets | 26 | €7,759 | €6,474 | -€1,285 | -16.6% |
| Financial fixed assets | 28 | €40,808 | €40,808 | = | 0.0% |
| Current assets | 29/58 | €149,078 | €128,954 | -€20,124 | -13.5% |
| Amounts receivable within one year | 40/41 | €138,225 | €112,903 | -€25,322 | -18.3% |
| Trade receivables | 40 | €32,384 | €6,900 | -€25,484 | -78.7% |
| Other amounts receivable | 41 | €105,842 | €106,003 | +€161 | +0.2% |
| Cash at bank and in hand | 54/58 | €10,853 | €16,052 | +€5,199 | +47.9% |
| Total equity and liabilities | 10/49 | €214,212 | €192,153 | -€22,058 | -10.3% |
| Equity | 10/15 | €178,964 | €175,226 | -€3,738 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,364 | €156,626 | -€3,738 | -2.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €139,614 | €135,876 | -€3,738 | -2.7% |
| Amounts payable | 17/49 | €35,248 | €16,928 | -€18,320 | -52.0% |
| Amounts payable within one year | 42/48 | €35,248 | €16,928 | -€18,320 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,520 | +€1,520 | |
| Trade debts | 44 | €4,003 | €4,217 | +€214 | +5.4% |
| Suppliers | 440/4 | €4,003 | €4,217 | +€214 | +5.4% |
| Taxes, remuneration and social security | 45 | €4,737 | €4,066 | -€671 | -14.2% |
| Taxes | 450/3 | €4,737 | €4,066 | -€671 | -14.2% |
| Other amounts payable | 47/48 | €26,508 | €7,124 | -€19,384 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,866 | €1,935 | -€17,932 | -90.3% |
| Other operating charges | 640/8 | €1,743 | €4,652 | +€2,909 | +166.9% |
| Gross operating margin | 9900 | €59,415 | €5,104 | -€54,310 | -91.4% |
| Operating profit (loss) | 9901 | €37,805 | -€1,483 | -€39,288 | |
| Financial income | 75/76B | €437 | €9 | -€428 | -97.9% |
| Recurring financial income | 75 | €437 | €9 | -€428 | -97.9% |
| Financial charges | 65/66B | €3,473 | €2,264 | -€1,209 | -34.8% |
| Recurring financial charges | 65 | €3,473 | €2,264 | -€1,209 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €34,769 | -€3,738 | -€38,507 | |
| Income taxes | 67/77 | €12,006 | - | -€12,006 | |
| Profit (loss) for the period | 9904 | €22,763 | -€3,738 | -€26,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,763 | -€3,738 | -€26,501 |
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 11 October 2026 via checked.be.