GENERALES OBSEQUES THUIN: 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.
GENERALES OBSEQUES THUIN
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+82.0%), from €1.4m to €2.6m
of which Land and buildings: +€617,088
- Cash +€98,454
up €98,454 (+54.0%), from €182,280 to €280,735
mainly Trade debts (+€643,191) and Other debts (+€383,557)
- Receivables within one year +€74,104
up €74,104 (+45.3%), from €163,480 to €237,584
of which Other amounts receivable: +€38,679
- Trade debts +€643,191
up €643,191 (+325.6%), from €197,522 to €840,713
- Other debts +€383,557
up €383,557 (+57.8%), from €663,301 to €1.0m
- Debts after one year +€337,811
up €337,811 (+53.5%), from €630,896 to €968,707
of which Financial debts: +€334,711
- Profit (loss) carried forward -€52,422
down €52,422 (-429.3%), from -€12,212 to -€64,633
- Gross operating margin +€78,757
up €78,757 (+54.4%), from €144,763 to €223,520
- Depreciation +€64,319
up €64,319 (+53.4%), from €120,415 to €184,735
- Staff costs +€8,020
up €8,020 (+33.5%), from €23,934 to €31,953
- Financial charges +€6,685
up €6,685 (+16.4%), from €40,724 to €47,409
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 | €1,775,356 | €3,098,520 | +€1.3m | +74.5% |
| Formation expenses | 20 | €11,611 | €6,591 | -€5,020 | -43.2% |
| Fixed assets | 21/28 | €1,408,587 | €2,560,724 | +€1.2m | +81.8% |
| Intangible fixed assets | 21 | €361 | €343 | -€18 | -5.0% |
| Tangible fixed assets | 22/27 | €1,405,826 | €2,557,981 | +€1.2m | +82.0% |
| Land and buildings | 22 | €976,327 | €1,593,415 | +€617,088 | +63.2% |
| Plant, machinery and equipment | 23 | €15,315 | €11,656 | -€3,659 | -23.9% |
| Furniture and vehicles | 24 | €237,071 | €563,796 | +€326,725 | +137.8% |
| Other tangible fixed assets | 26 | €177,113 | €389,114 | +€212,001 | +119.7% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €355,157 | €531,204 | +€176,047 | +49.6% |
| Stocks and contracts in progress | 3 | €7,360 | €11,560 | +€4,200 | +57.1% |
| Stocks | 30/36 | €7,360 | €11,560 | +€4,200 | +57.1% |
| Amounts receivable within one year | 40/41 | €163,480 | €237,584 | +€74,104 | +45.3% |
| Trade receivables | 40 | €95,393 | €130,818 | +€35,425 | +37.1% |
| Other amounts receivable | 41 | €68,087 | €106,766 | +€38,679 | +56.8% |
| Cash at bank and in hand | 54/58 | €182,280 | €280,735 | +€98,454 | +54.0% |
| Deferred charges and accrued income | 490/1 | €2,037 | €1,326 | -€711 | -34.9% |
| Total equity and liabilities | 10/49 | €1,775,356 | €3,098,520 | +€1.3m | +74.5% |
| Equity | 10/15 | €182,503 | €130,081 | -€52,422 | -28.7% |
| Contributions | 10/11 | €139,600 | €139,600 | = | 0.0% |
| Reserves | 13 | €55,115 | €55,115 | = | 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% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €34,505 | €34,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,212 | -€64,633 | -€52,422 | -429.3% |
| Amounts payable | 17/49 | €1,592,853 | €2,968,439 | +€1.4m | +86.4% |
| Amounts payable after more than one year | 17 | €630,896 | €968,707 | +€337,811 | +53.5% |
| Financial debts | 170/4 | €617,392 | €952,103 | +€334,711 | +54.2% |
| Advances received on contracts in progress | 176 | €13,504 | €16,604 | +€3,100 | +23.0% |
| Amounts payable within one year | 42/48 | €937,387 | €1,972,051 | +€1.0m | +110.4% |
| Financial debts | 43 | €67,445 | €80,097 | +€12,652 | +18.8% |
| Other loans | 439 | €67,445 | €80,097 | +€12,652 | +18.8% |
| Trade debts | 44 | €197,522 | €840,713 | +€643,191 | +325.6% |
| Suppliers | 440/4 | €197,522 | €840,713 | +€643,191 | +325.6% |
| Taxes, remuneration and social security | 45 | €9,119 | €4,383 | -€4,736 | -51.9% |
| Taxes | 450/3 | €500 | - | -€500 | |
| Remuneration and social security | 454/9 | €8,619 | €4,383 | -€4,236 | -49.1% |
| Other amounts payable | 47/48 | €663,301 | €1,046,858 | +€383,557 | +57.8% |
| Accrued charges and deferred income | 492/3 | €24,570 | €27,681 | +€3,111 | +12.7% |
| Remuneration, social security and pensions | 62 | €23,934 | €31,953 | +€8,020 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,415 | €184,735 | +€64,319 | +53.4% |
| Other operating charges | 640/8 | €11,862 | €11,864 | +€2 | 0.0% |
| Gross operating margin | 9900 | €144,763 | €223,520 | +€78,757 | +54.4% |
| Operating profit (loss) | 9901 | -€11,447 | -€5,032 | +€6,415 | +56.0% |
| Financial income | 75/76B | €212 | €417 | +€205 | +96.4% |
| Recurring financial income | 75 | €212 | €417 | +€205 | +96.4% |
| Financial charges | 65/66B | €40,724 | €47,409 | +€6,685 | +16.4% |
| Recurring financial charges | 65 | €40,724 | €47,409 | +€6,685 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,959 | -€52,024 | -€65 | -0.1% |
| Income taxes | 67/77 | €1,067 | €397 | -€670 | -62.8% |
| Profit (loss) for the period | 9904 | -€53,027 | -€52,422 | +€605 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,027 | -€52,422 | +€605 | +1.1% |
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 10 October 2026 via checked.be.