elTHYC: 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
elTHYC
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€246,938
2024 · €531,420-€284,482
Equity
€2.0m
2024 · €1.9m+€146,938
Cash
€327,272
2024 · €273,988+€53,285
Balance sheet total
€5.6m
2024 · €5.4m+€272,628
Largest movements
Assets
- Tangible fixed assets +€216,864
up €216,864 (+65.8%), from €329,803 to €546,667
of which Other tangible fixed assets: +€221,606
Equity and liabilities
- Debts after one year +€256,447
up €256,447 (+13.0%), from €2.0m to €2.2m
of which Financial debts: +€256,447
- Reserves +€146,938
up €146,938 (+7.9%), from €1.9m to €2.0m
- Other debts -€99,991
down €99,991 (-49.8%), from €200,619 to €100,628
- Trade debts -€71,572
down €71,572 (-6.2%), from €1.1m to €1.1m
Income statement
- Turnover -€1.2m
down €1.2m (-8.8%), from €13.9m to €12.7m
- Goods and materials -€1.2m
down €1.2m (-10.7%), from €11.3m to €10.1m
of which Purchases: -€1.2m
- Services and other goods +€276,487
up €276,487 (+21.5%), from €1.3m to €1.6m
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
€531,420
Turnover
-€1.2m
Other operating income
-€2,741
Goods and materials
+€1.2m
Services and other goods
-€276,487
Staff costs
-€59,523
Depreciation
-€10,341
Write-downs
+€2,719
Other operating charges
+€631
Other operating items
-€25,028
Financial income
+€22,734
Financial charges
+€13,654
Taxes
+€59,016
Result 2025
€246,938
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
+€166,527
Investment
-€305,617
Financing
+€192,374
Cash 2024
€273,988
From operations (derived)
+€166,527
Net result for the year
+€246,938
Depreciation
+€92,447
Stocks and contracts
+€28,799
Receivables within one year
-€34,972
Trade debts
-€71,572
Tax, wage and social debts
+€4,879
Other debts
-€99,991
Investment (derived)
-€305,617
Investment in fixed assets (net)
-€305,617
Financing
+€192,374
Debts after one year
+€256,447
Current portion of long-term debt
+€35,927
Contributions, distributions and other
-€100,000
Cash 2025
€327,272
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,368,782 | €5,641,410 | +€272,628 | +5.1% |
| Fixed assets | 21/28 | €340,623 | €553,793 | +€213,170 | +62.6% |
| Intangible fixed assets | 21 | €10,820 | €7,126 | -€3,694 | -34.1% |
| Tangible fixed assets | 22/27 | €329,803 | €546,667 | +€216,864 | +65.8% |
| Land and buildings | 22 | €21,571 | €11,457 | -€10,114 | -46.9% |
| Plant, machinery and equipment | 23 | €239,925 | €263,436 | +€23,511 | +9.8% |
| Furniture and vehicles | 24 | €68,307 | €50,167 | -€18,140 | -26.6% |
| Other tangible fixed assets | 26 | - | €221,606 | +€221,606 | |
| Current assets | 29/58 | €5,028,159 | €5,087,618 | +€59,459 | +1.2% |
| Stocks and contracts in progress | 3 | €3,010,128 | €2,981,330 | -€28,799 | -1.0% |
| Stocks | 30/36 | €3,010,128 | €2,981,330 | -€28,799 | -1.0% |
| Raw materials and consumables | 30/31 | - | €2,981,330 | +€3.0m | |
| Goods purchased for resale | 34 | €3,010,128 | - | -€3.0m | |
| Amounts receivable within one year | 40/41 | €1,744,043 | €1,779,016 | +€34,972 | +2.0% |
| Trade receivables | 40 | €1,709,004 | €1,743,647 | +€34,643 | +2.0% |
| Other amounts receivable | 41 | €35,039 | €35,369 | +€329 | +0.9% |
| Cash at bank and in hand | 54/58 | €273,988 | €327,272 | +€53,285 | +19.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,368,782 | €5,641,410 | +€272,628 | +5.1% |
| Equity | 10/15 | €1,900,276 | €2,047,215 | +€146,938 | +7.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,863,092 | €2,010,031 | +€146,938 | +7.9% |
| Distributable reserves | 133 | €1,863,092 | €2,010,031 | +€146,938 | +7.9% |
| Amounts payable | 17/49 | €3,468,506 | €3,594,196 | +€125,690 | +3.6% |
| Amounts payable after more than one year | 17 | €1,970,306 | €2,226,753 | +€256,447 | +13.0% |
| Financial debts | 170/4 | €1,745,306 | €2,001,753 | +€256,447 | +14.7% |
| Credit institutions | 173 | €1,745,306 | €2,001,753 | +€256,447 | +14.7% |
| Other amounts payable | 178/9 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,498,200 | €1,367,443 | -€130,757 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €68,509 | €104,436 | +€35,927 | +52.4% |
| Trade debts | 44 | €1,148,572 | €1,077,000 | -€71,572 | -6.2% |
| Suppliers | 440/4 | €1,148,572 | €1,077,000 | -€71,572 | -6.2% |
| Taxes, remuneration and social security | 45 | €80,500 | €85,380 | +€4,879 | +6.1% |
| Taxes | 450/3 | €6,313 | €1,012 | -€5,301 | -84.0% |
| Remuneration and social security | 454/9 | €74,187 | €84,367 | +€10,180 | +13.7% |
| Other amounts payable | 47/48 | €200,619 | €100,628 | -€99,991 | -49.8% |
| Operating income | 70/76A | €13,943,594 | €12,707,016 | -€1.2m | -8.9% |
| Turnover | 70 | €13,920,166 | €12,700,382 | -€1.2m | -8.8% |
| Other operating income | 74 | €9,375 | €6,634 | -€2,741 | -29.2% |
| Non-recurring operating income | 76A | €14,053 | - | -€14,053 | |
| Operating charges | 60/66A | €13,245,793 | €12,389,100 | -€856,693 | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €11,294,732 | €10,084,064 | -€1.2m | -10.7% |
| Purchases | 600/8 | €11,298,672 | €10,055,265 | -€1.2m | -11.0% |
| Change in stocks: decrease (increase) | 609 | -€3,940 | €28,799 | +€32,739 | |
| Services and other goods | 61 | €1,283,166 | €1,559,653 | +€276,487 | +21.5% |
| Remuneration, social security and pensions | 62 | €579,668 | €639,191 | +€59,523 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,106 | €92,447 | +€10,341 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,719 | - | -€2,719 | |
| Other operating charges | 640/8 | €3,401 | €2,770 | -€631 | -18.6% |
| Non-recurring operating charges | 66A | - | €10,975 | +€10,975 | |
| Operating profit (loss) | 9901 | €697,802 | €317,916 | -€379,886 | -54.4% |
| Financial income | 75/76B | €87,318 | €110,052 | +€22,734 | +26.0% |
| Recurring financial income | 75 | €87,318 | €110,052 | +€22,734 | +26.0% |
| Income from current assets | 751 | €446 | €959 | +€514 | +115% |
| Other financial income | 752/9 | €86,872 | €109,092 | +€22,220 | +25.6% |
| Financial charges | 65/66B | €133,440 | €119,786 | -€13,654 | -10.2% |
| Recurring financial charges | 65 | €133,440 | €119,786 | -€13,654 | -10.2% |
| Debt charges | 650 | €101,789 | €90,391 | -€11,398 | -11.2% |
| Other financial charges | 652/9 | €31,650 | €29,394 | -€2,256 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €651,680 | €308,182 | -€343,498 | -52.7% |
| Income taxes | 67/77 | €120,260 | €61,243 | -€59,016 | -49.1% |
| Taxes | 670/3 | €120,260 | €61,243 | -€59,016 | -49.1% |
| Profit (loss) for the period | 9904 | €531,420 | €246,938 | -€284,482 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €531,420 | €246,938 | -€284,482 | -53.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.