IVES THYS: 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.
IVES THYS
Largest movements
- Cash -€25,157
down €25,157 (-22.1%), from €113,863 to €88,707
mainly Investment in fixed assets (net) (-€14,783) and Debts after one year (-€12,571)
- Receivables within one year +€5,942
up €5,942 (+28.0%), from €21,205 to €27,147
of which Other amounts receivable: +€4,312
- Tangible fixed assets +€5,580
up €5,580 (+2.5%), from €224,114 to €229,693
of which Land and buildings: +€6,023
- Debts after one year -€12,571
down €12,571 (-27.3%), from €46,069 to €33,498
- Trade debts -€10,442
down €10,442 (-91.1%), from €11,463 to €1,021
- Reserves +€8,465
up €8,465 (+3.6%), from €237,594 to €246,059
- Gross operating margin -€25,543
down €25,543 (-51.0%), from €50,128 to €24,586
- Taxes -€10,105
down €10,105 (-72.3%), from €13,973 to €3,868
- Depreciation +€8,075
up €8,075 (+715.9%), from €1,128 to €9,203
- Financial income -€974
down €974 (-27.9%), from €3,487 to €2,513
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 | €387,141 | €371,831 | -€15,310 | -4.0% |
| Fixed assets | 21/28 | €224,114 | €229,693 | +€5,580 | +2.5% |
| Tangible fixed assets | 22/27 | €224,114 | €229,693 | +€5,580 | +2.5% |
| Land and buildings | 22 | €223,490 | €229,513 | +€6,023 | +2.7% |
| Furniture and vehicles | 24 | €624 | €181 | -€443 | -71.0% |
| Current assets | 29/58 | €163,027 | €142,137 | -€20,890 | -12.8% |
| Stocks and contracts in progress | 3 | €10,200 | €8,612 | -€1,588 | -15.6% |
| Stocks | 30/36 | €10,200 | €8,612 | -€1,588 | -15.6% |
| Amounts receivable within one year | 40/41 | €21,205 | €27,147 | +€5,942 | +28.0% |
| Trade receivables | 40 | €16,911 | €18,541 | +€1,630 | +9.6% |
| Other amounts receivable | 41 | €4,294 | €8,606 | +€4,312 | +100.4% |
| Current investments | 50/53 | €17,390 | €17,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,863 | €88,707 | -€25,157 | -22.1% |
| Deferred charges and accrued income | 490/1 | €368 | €281 | -€87 | -23.7% |
| Total equity and liabilities | 10/49 | €387,141 | €371,831 | -€15,310 | -4.0% |
| Equity | 10/15 | €302,594 | €311,059 | +€8,465 | +2.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €237,594 | €246,059 | +€8,465 | +3.6% |
| Distributable reserves | 133 | €237,594 | €246,059 | +€8,465 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,547 | €60,772 | -€23,775 | -28.1% |
| Amounts payable after more than one year | 17 | €46,069 | €33,498 | -€12,571 | -27.3% |
| Financial debts | 170/4 | €46,069 | €33,498 | -€12,571 | -27.3% |
| Amounts payable within one year | 42/48 | €38,478 | €27,274 | -€11,204 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €12,123 | €12,571 | +€448 | +3.7% |
| Trade debts | 44 | €11,463 | €1,021 | -€10,442 | -91.1% |
| Suppliers | 440/4 | €11,463 | €1,021 | -€10,442 | -91.1% |
| Taxes, remuneration and social security | 45 | €1,802 | €1,808 | +€7 | +0.4% |
| Taxes | 450/3 | €1,802 | €1,808 | +€7 | +0.4% |
| Other amounts payable | 47/48 | €13,090 | €11,874 | -€1,216 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €9,203 | +€8,075 | +715.9% |
| Other operating charges | 640/8 | €2,153 | €2,227 | +€74 | +3.5% |
| Gross operating margin | 9900 | €50,128 | €24,586 | -€25,543 | -51.0% |
| Operating profit (loss) | 9901 | €46,847 | €13,155 | -€33,692 | -71.9% |
| Financial income | 75/76B | €3,487 | €2,513 | -€974 | -27.9% |
| Recurring financial income | 75 | €3,487 | €2,513 | -€974 | -27.9% |
| Financial charges | 65/66B | €3,563 | €3,335 | -€228 | -6.4% |
| Recurring financial charges | 65 | €3,563 | €3,335 | -€228 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €46,772 | €12,333 | -€34,439 | -73.6% |
| Income taxes | 67/77 | €13,973 | €3,868 | -€10,105 | -72.3% |
| Profit (loss) for the period | 9904 | €32,799 | €8,465 | -€24,334 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,799 | €8,465 | -€24,334 | -74.2% |
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 7 October 2026 via checked.be.