GROUP 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.
What changed
GROUP THYS
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €4.2m-€1.0m
Equity
€19.1m
2024 · €15.9m+€3.2m
Cash
€2.8m
2024 · €1.5m+€1.3m
Balance sheet total
€28.6m
2024 · €26.2m+€2.5m
Largest movements
Assets
- Tangible fixed assets +€2.5m
up €2.5m (+71.3%), from €3.5m to €6.0m
of which Leasing and similar rights: +€2.8m
- Stocks and contracts -€1.7m
down €1.7m (-16.2%), from €10.8m to €9.0m
- Cash +€1.3m
up €1.3m (+87.2%), from €1.5m to €2.8m
mainly Net result for the year (+€3.2m) and Debts after one year (+€2.7m)
- Intangible fixed assets +€361,188
up €361,188 (+179%), from €201,999 to €563,187
Equity and liabilities
- Reserves +€3.2m
up €3.2m (+20.6%), from €15.4m to €18.6m
of which Distributable reserves: +€3.2m
- Other debts -€3.0m
down €3.0m (-100.0%), from €3.0m to €400
- Debts after one year +€2.7m
up €2.7m (+244%), from €1.1m to €3.8m
- Tax, wage and social debts -€669,056
down €669,056 (-37.5%), from €1.8m to €1.1m
of which Taxes: -€642,007
Income statement
- Turnover -€6.5m
down €6.5m (-12.1%), from €53.2m to €46.8m
- Goods and materials -€4.8m
down €4.8m (-15.6%), from €30.8m to €26.0m
of which Purchases: -€6.5m
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
€4.2m
Turnover
-€6.5m
Other operating income
-€126,803
Goods and materials
+€4.8m
Services and other goods
+€146,945
Staff costs
+€183,721
Depreciation
-€294,096
Write-downs
+€72,838
Other operating charges
-€2,177
Other operating items
+€490,220
Financial income
-€62,447
Financial charges
-€74,317
Taxes
+€308,014
Result 2025
€3.2m
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
+€2.1m
Investment
-€3.8m
Financing
+€3.0m
Cash 2024
€1.5m
From operations (derived)
+€2.1m
Net result for the year
+€3.2m
Depreciation
+€935,371
Stocks and contracts
+€1.7m
Receivables within one year
-€99,417
Deferred charges and accrued income
+€4,333
Trade debts
+€9,537
Tax, wage and social debts
-€669,056
Other debts
-€3.0m
Accrued charges and deferred income
-€13,618
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€3.0m
Debts after one year
+€2.7m
Current portion of long-term debt
+€257,797
Cash 2025
€2.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,162,772 | €28,640,952 | +€2.5m | +9.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,692,010 | €6,540,002 | +€2.8m | +77.1% |
| Intangible fixed assets | 21 | €201,999 | €563,187 | +€361,188 | +179% |
| Tangible fixed assets | 22/27 | €3,489,220 | €5,976,024 | +€2.5m | +71.3% |
| Plant, machinery and equipment | 23 | €2,328,484 | €2,134,347 | -€194,137 | -8.3% |
| Furniture and vehicles | 24 | €91,951 | €72,065 | -€19,887 | -21.6% |
| Leasing and similar rights | 25 | €333,859 | €3,108,611 | +€2.8m | +831% |
| Other tangible fixed assets | 26 | €734,926 | €661,002 | -€73,924 | -10.1% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Participating interests | 282 | - | €0 | = | |
| Other financial fixed assets | 284/8 | €790 | €790 | = | 0.0% |
| Shares | 284 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €22,470,762 | €22,100,951 | -€369,812 | -1.6% |
| Stocks and contracts in progress | 3 | €10,763,974 | €9,016,641 | -€1.7m | -16.2% |
| Stocks | 30/36 | €10,763,974 | €9,016,641 | -€1.7m | -16.2% |
| Goods purchased for resale | 34 | €10,763,974 | €9,016,641 | -€1.7m | -16.2% |
| Amounts receivable within one year | 40/41 | €10,204,260 | €10,303,677 | +€99,417 | +1.0% |
| Trade receivables | 40 | €10,204,260 | €10,303,677 | +€99,417 | +1.0% |
| Cash at bank and in hand | 54/58 | €1,470,130 | €2,752,568 | +€1.3m | +87.2% |
| Deferred charges and accrued income | 490/1 | €32,399 | €28,065 | -€4,333 | -13.4% |
| Total equity and liabilities | 10/49 | €26,162,772 | €28,640,952 | +€2.5m | +9.5% |
| Equity | 10/15 | €15,903,683 | €19,072,005 | +€3.2m | +19.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €15,403,683 | €18,572,005 | +€3.2m | +20.6% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,002 | €6,002 | = | 0.0% |
| Distributable reserves | 133 | €15,347,681 | €18,516,003 | +€3.2m | +20.6% |
| Amounts payable | 17/49 | €10,259,089 | €9,568,947 | -€690,142 | -6.7% |
| Amounts payable after more than one year | 17 | €1,118,453 | €3,843,642 | +€2.7m | +244% |
| Financial debts | 170/4 | €1,118,453 | €3,843,642 | +€2.7m | +244% |
| Leasing and similar obligations | 172 | €302,030 | €2,790,342 | +€2.5m | +824% |
| Credit institutions | 173 | €816,423 | €1,053,300 | +€236,877 | +29.0% |
| Amounts payable within one year | 42/48 | €8,867,527 | €5,465,814 | -€3.4m | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €325,845 | €583,642 | +€257,797 | +79.1% |
| Trade debts | 44 | €3,756,356 | €3,765,892 | +€9,537 | +0.3% |
| Suppliers | 440/4 | €3,756,356 | €3,765,892 | +€9,537 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,784,936 | €1,115,880 | -€669,056 | -37.5% |
| Taxes | 450/3 | €1,136,295 | €494,287 | -€642,007 | -56.5% |
| Remuneration and social security | 454/9 | €648,641 | €621,592 | -€27,049 | -4.2% |
| Other amounts payable | 47/48 | €3,000,390 | €400 | -€3.0m | -100.0% |
| Accrued charges and deferred income | 492/3 | €273,109 | €259,491 | -€13,618 | -5.0% |
| Operating income | 70/76A | €53,541,373 | €46,955,884 | -€6.6m | -12.3% |
| Turnover | 70 | €53,221,416 | €46,761,734 | -€6.5m | -12.1% |
| Other operating income | 74 | €304,448 | €177,645 | -€126,803 | -41.7% |
| Non-recurring operating income | 76A | €15,509 | €16,505 | +€996 | +6.4% |
| Operating charges | 60/66A | €48,083,118 | €42,697,392 | -€5.4m | -11.2% |
| Goods for resale, raw materials and consumables | 60 | €30,782,225 | €25,992,954 | -€4.8m | -15.6% |
| Purchases | 600/8 | €30,705,302 | €24,245,621 | -€6.5m | -21.0% |
| Change in stocks: decrease (increase) | 609 | €76,923 | €1,747,333 | +€1.7m | +2,172% |
| Services and other goods | 61 | €11,655,599 | €11,508,655 | -€146,945 | -1.3% |
| Remuneration, social security and pensions | 62 | €4,316,631 | €4,132,910 | -€183,721 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641,275 | €935,371 | +€294,096 | +45.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,816 | -€4,022 | -€72,838 | |
| Other operating charges | 640/8 | €25,381 | €27,557 | +€2,177 | +8.6% |
| Non-recurring operating charges | 66A | €593,190 | €103,966 | -€489,224 | -82.5% |
| Operating profit (loss) | 9901 | €5,458,255 | €4,258,492 | -€1.2m | -22.0% |
| Financial income | 75/76B | €529,865 | €467,418 | -€62,447 | -11.8% |
| Recurring financial income | 75 | €529,865 | €467,418 | -€62,447 | -11.8% |
| Income from current assets | 751 | €19,842 | €31,750 | +€11,908 | +60.0% |
| Other financial income | 752/9 | €510,023 | €435,668 | -€74,355 | -14.6% |
| Financial charges | 65/66B | €294,741 | €369,058 | +€74,317 | +25.2% |
| Recurring financial charges | 65 | €294,741 | €369,058 | +€74,317 | +25.2% |
| Debt charges | 650 | €112,761 | €157,579 | +€44,818 | +39.7% |
| Other financial charges | 652/9 | €181,980 | €211,479 | +€29,499 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €5,693,379 | €4,356,852 | -€1.3m | -23.5% |
| Income taxes | 67/77 | €1,496,544 | €1,188,529 | -€308,014 | -20.6% |
| Taxes | 670/3 | €1,496,544 | €1,188,529 | -€308,014 | -20.6% |
| Profit (loss) for the period | 9904 | €4,196,836 | €3,168,322 | -€1.0m | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,196,836 | €3,168,322 | -€1.0m | -24.5% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.