HUIZE THIRION: 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.
HUIZE THIRION
Largest movements
- Tangible fixed assets -€13,173
down €13,173 (-17.2%), from €76,649 to €63,477
of which Furniture and vehicles: -€8,799
- Cash -€4,351
down €4,351 (-33.3%), from €13,059 to €8,708
mainly Net result for the year (-€15,097) and Investment in fixed assets (net) (-€11,918)
- Stocks and contracts -€1,154
down €1,154 (-9.6%), from €12,024 to €10,869
- Receivables within one year -€1,134
down €1,134 (-20.7%), from €5,480 to €4,346
of which Trade receivables: -€1,288
- Profit (loss) carried forward -€15,097
down €15,097 (-99.3%), from -€15,199 to -€30,297
- Debts after one year -€9,547
down €9,547 (-39.2%), from €24,333 to €14,786
- Other debts +€2,495
up €2,495 (+14.5%), from €17,229 to €19,724
- Trade debts +€1,115
up €1,115 (+16.8%), from €6,641 to €7,756
- Gross operating margin -€12,527
down €12,527 (-47.6%), from €26,337 to €13,810
- Financial income -€732
down €732 (-48.4%), from €1,511 to €779
- Financial charges -€388
down €388 (-16.2%), from €2,392 to €2,005
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,373 | €87,812 | -€20,561 | -19.0% |
| Fixed assets | 21/28 | €77,811 | €63,639 | -€14,173 | -18.2% |
| Intangible fixed assets | 21 | €1,162 | €162 | -€1,000 | -86.1% |
| Tangible fixed assets | 22/27 | €76,649 | €63,477 | -€13,173 | -17.2% |
| Plant, machinery and equipment | 23 | €53,060 | €48,686 | -€4,374 | -8.2% |
| Furniture and vehicles | 24 | €23,590 | €14,791 | -€8,799 | -37.3% |
| Current assets | 29/58 | €30,562 | €24,173 | -€6,389 | -20.9% |
| Stocks and contracts in progress | 3 | €12,024 | €10,869 | -€1,154 | -9.6% |
| Stocks | 30/36 | €12,024 | €10,869 | -€1,154 | -9.6% |
| Amounts receivable within one year | 40/41 | €5,480 | €4,346 | -€1,134 | -20.7% |
| Trade receivables | 40 | €5,384 | €4,096 | -€1,288 | -23.9% |
| Other amounts receivable | 41 | €95 | €250 | +€154 | +162% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €13,059 | €8,708 | -€4,351 | -33.3% |
| Total equity and liabilities | 10/49 | €108,373 | €87,812 | -€20,561 | -19.0% |
| Equity | 10/15 | €46,471 | €31,373 | -€15,097 | -32.5% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €42,470 | €42,470 | = | 0.0% |
| Distributable reserves | 133 | €42,470 | €42,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,199 | -€30,297 | -€15,097 | -99.3% |
| Amounts payable | 17/49 | €61,902 | €56,439 | -€5,464 | -8.8% |
| Amounts payable after more than one year | 17 | €24,333 | €14,786 | -€9,547 | -39.2% |
| Financial debts | 170/4 | €24,333 | €14,786 | -€9,547 | -39.2% |
| Amounts payable within one year | 42/48 | €37,569 | €41,653 | +€4,083 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €9,414 | €9,547 | +€133 | +1.4% |
| Trade debts | 44 | €6,641 | €7,756 | +€1,115 | +16.8% |
| Suppliers | 440/4 | €6,641 | €7,756 | +€1,115 | +16.8% |
| Taxes, remuneration and social security | 45 | €4,285 | €4,626 | +€340 | +7.9% |
| Taxes | 450/3 | €4,285 | €4,626 | +€340 | +7.9% |
| Other amounts payable | 47/48 | €17,229 | €19,724 | +€2,495 | +14.5% |
| Non-recurring operating income | 76A | - | €2,778 | +€2,778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,007 | €26,091 | +€84 | +0.3% |
| Other operating charges | 640/8 | €1,544 | €1,348 | -€196 | -12.7% |
| Gross operating margin | 9900 | €26,337 | €13,810 | -€12,527 | -47.6% |
| Operating profit (loss) | 9901 | -€1,213 | -€13,628 | -€12,415 | -1,023% |
| Financial income | 75/76B | €1,511 | €779 | -€732 | -48.4% |
| Recurring financial income | 75 | €1,511 | €779 | -€732 | -48.4% |
| Financial charges | 65/66B | €2,392 | €2,005 | -€388 | -16.2% |
| Recurring financial charges | 65 | €2,392 | €2,005 | -€388 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,095 | -€14,854 | -€12,759 | -609% |
| Income taxes | 67/77 | €246 | €244 | -€3 | -1.1% |
| Profit (loss) for the period | 9904 | -€2,341 | -€15,097 | -€12,757 | -545% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,341 | -€15,097 | -€12,757 | -545% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.