Ets THIERRY COMPS: what changed
Two fiscal 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
Ets THIERRY COMPS
NACE 43.341, Painting of buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,506
2024 · -€30,343+€33,849
Equity
€73,404
2024 · €69,898+€3,506
Cash
€8,729
2024 · -+€8,729
Balance sheet total
€1.5m
2024 · €804,060+€664,646
Largest movements
Assets
- Stocks and contracts +€622,030
up €622,030 (+130.6%), from €476,173 to €1.1m
- Receivables within one year +€69,474
up €69,474 (+24.1%), from €287,681 to €357,155
of which Trade receivables: +€54,094
- Current investments -€34,147
no longer reported in 2025 (was €34,147)
Equity and liabilities
- Debts after one year +€659,981
up €659,981 (+158.5%), from €416,288 to €1.1m
Income statement
- Gross operating margin +€61,470
up €61,470 (+64.7%), from €95,037 to €156,507
- Financial charges +€22,553
up €22,553 (+185.7%), from €12,144 to €34,697
- Staff costs +€9,065
up €9,065 (+8.6%), from €105,066 to €114,131
- Other operating charges -€4,544
down €4,544 (-62.4%), from €7,278 to €2,734
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
-€30,343
Gross operating margin
+€61,470
Staff costs
-€9,065
Depreciation
-€376
Other operating charges
+€4,544
Financial income
-€26
Financial charges
-€22,553
Taxes
-€144
Result 2025
€3,506
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.
From operations
-€680,920
Investment
+€29,668
Financing
+€659,981
Cash 2024
€0
From operations (derived)
-€680,920
Net result for the year
+€3,506
Depreciation
+€1,113
Stocks and contracts
-€622,030
Receivables within one year
-€69,474
Deferred charges and accrued income
+€4,807
Trade debts
+€8,463
Tax, wage and social debts
-€5,628
Other debts
+€724
Accrued charges and deferred income
-€2,400
Investment (derived)
+€29,668
Investment in fixed assets (net)
-€4,478
Current investments
+€34,147
Financing
+€659,981
Debts after one year
+€659,981
Cash 2025
€8,729
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €804,060 | €1,468,706 | +€664,646 | +82.7% |
| Fixed assets | 21/28 | €922 | €4,288 | +€3,366 | +364.8% |
| Tangible fixed assets | 22/27 | €701 | €4,066 | +€3,366 | +480.4% |
| Plant, machinery and equipment | 23 | €701 | €334 | -€366 | -52.3% |
| Furniture and vehicles | 24 | - | €3,732 | +€3,732 | |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €803,138 | €1,464,418 | +€661,280 | +82.3% |
| Stocks and contracts in progress | 3 | €476,173 | €1,098,204 | +€622,030 | +130.6% |
| Stocks | 30/36 | €476,173 | €1,098,204 | +€622,030 | +130.6% |
| Amounts receivable within one year | 40/41 | €287,681 | €357,155 | +€69,474 | +24.1% |
| Trade receivables | 40 | €65,879 | €119,973 | +€54,094 | +82.1% |
| Other amounts receivable | 41 | €221,803 | €237,182 | +€15,380 | +6.9% |
| Current investments | 50/53 | €34,147 | - | -€34,147 | |
| Cash at bank and in hand | 54/58 | - | €8,729 | +€8,729 | |
| Deferred charges and accrued income | 490/1 | €5,137 | €330 | -€4,807 | -93.6% |
| Total equity and liabilities | 10/49 | €804,060 | €1,468,706 | +€664,646 | +82.7% |
| Equity | 10/15 | €69,898 | €73,404 | +€3,506 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,638 | €59,144 | +€3,506 | +6.3% |
| Amounts payable | 17/49 | €734,163 | €1,395,302 | +€661,140 | +90.1% |
| Amounts payable after more than one year | 17 | €416,288 | €1,076,269 | +€659,981 | +158.5% |
| Financial debts | 170/4 | €416,288 | €1,076,269 | +€659,981 | +158.5% |
| Amounts payable within one year | 42/48 | €315,474 | €319,033 | +€3,559 | +1.1% |
| Trade debts | 44 | €51,247 | €59,710 | +€8,463 | +16.5% |
| Suppliers | 440/4 | €51,247 | €59,710 | +€8,463 | +16.5% |
| Taxes, remuneration and social security | 45 | €30,252 | €24,623 | -€5,628 | -18.6% |
| Taxes | 450/3 | €5,691 | €4,211 | -€1,480 | -26.0% |
| Remuneration and social security | 454/9 | €24,561 | €20,412 | -€4,148 | -16.9% |
| Other amounts payable | 47/48 | €233,976 | €234,700 | +€724 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | €105,066 | €114,131 | +€9,065 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | €1,113 | +€376 | +51.1% |
| Other operating charges | 640/8 | €7,278 | €2,734 | -€4,544 | -62.4% |
| Gross operating margin | 9900 | €95,037 | €156,507 | +€61,470 | +64.7% |
| Operating profit (loss) | 9901 | -€18,043 | €38,529 | +€56,573 | |
| Financial income | 75/76B | €36 | €10 | -€26 | -73.4% |
| Recurring financial income | 75 | €36 | €10 | -€26 | -73.4% |
| Financial charges | 65/66B | €12,144 | €34,697 | +€22,553 | +185.7% |
| Recurring financial charges | 65 | €12,144 | €34,697 | +€22,553 | +185.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,151 | €3,842 | +€33,993 | |
| Income taxes | 67/77 | €192 | €336 | +€144 | +74.8% |
| Profit (loss) for the period | 9904 | -€30,343 | €3,506 | +€33,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,343 | €3,506 | +€33,849 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.