JOHAN 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.
JOHAN THYS
Largest movements
- Current investments -€155,363
down €155,363 (-72.1%), from €215,570 to €60,207
- Tangible fixed assets +€22,623
up €22,623 (+1337.5%), from €1,691 to €24,315
- Cash -€12,495
down €12,495 (-91.6%), from €13,634 to €1,139
mainly Contributions, distributions and other (-€210,000) and Investment in fixed assets (net) (-€26,526)
- Deferred charges and accrued income -€3,826
down €3,826 (-72.2%), from €5,297 to €1,471
- Receivables within one year -€2,717
down €2,717 (-14.8%), from €18,351 to €15,634
of which Other amounts receivable: -€4,596
- Reserves -€164,353
down €164,353 (-71.9%), from €228,484 to €64,131
- Other debts +€30,000
up €30,000, from €0 to €30,000
- Tax, wage and social debts -€16,694
down €16,694 (-78.5%), from €21,259 to €4,565
- Gross operating margin -€16,904
down €16,904 (-20.0%), from €84,720 to €67,816
- Financial income -€6,080
down €6,080 (-94.4%), from €6,442 to €362
- Depreciation +€967
up €967 (+32.9%), from €2,936 to €3,903
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 | €254,544 | €102,766 | -€151,778 | -59.6% |
| Fixed assets | 21/28 | €1,691 | €24,315 | +€22,623 | +1337.5% |
| Tangible fixed assets | 22/27 | €1,691 | €24,315 | +€22,623 | +1337.5% |
| Furniture and vehicles | 24 | €1,691 | €24,315 | +€22,623 | +1337.5% |
| Current assets | 29/58 | €252,852 | €78,451 | -€174,401 | -69.0% |
| Amounts receivable within one year | 40/41 | €18,351 | €15,634 | -€2,717 | -14.8% |
| Trade receivables | 40 | €12,191 | €14,070 | +€1,879 | +15.4% |
| Other amounts receivable | 41 | €6,160 | €1,564 | -€4,596 | -74.6% |
| Current investments | 50/53 | €215,570 | €60,207 | -€155,363 | -72.1% |
| Cash at bank and in hand | 54/58 | €13,634 | €1,139 | -€12,495 | -91.6% |
| Deferred charges and accrued income | 490/1 | €5,297 | €1,471 | -€3,826 | -72.2% |
| Total equity and liabilities | 10/49 | €254,544 | €102,766 | -€151,778 | -59.6% |
| Equity | 10/15 | €230,484 | €66,131 | -€164,353 | -71.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €228,484 | €64,131 | -€164,353 | -71.9% |
| Distributable reserves | 133 | €228,484 | €64,131 | -€164,353 | -71.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,060 | €36,636 | +€12,575 | +52.3% |
| Amounts payable within one year | 42/48 | €24,060 | €36,636 | +€12,575 | +52.3% |
| Trade debts | 44 | €2,801 | €2,071 | -€731 | -26.1% |
| Suppliers | 440/4 | €2,801 | €2,071 | -€731 | -26.1% |
| Taxes, remuneration and social security | 45 | €21,259 | €4,565 | -€16,694 | -78.5% |
| Taxes | 450/3 | €21,259 | €4,565 | -€16,694 | -78.5% |
| Other amounts payable | 47/48 | €0 | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,936 | €3,903 | +€967 | +32.9% |
| Other operating charges | 640/8 | €667 | €755 | +€88 | +13.1% |
| Gross operating margin | 9900 | €84,720 | €67,816 | -€16,904 | -20.0% |
| Operating profit (loss) | 9901 | €81,116 | €63,158 | -€17,959 | -22.1% |
| Financial income | 75/76B | €6,442 | €362 | -€6,080 | -94.4% |
| Recurring financial income | 75 | €6,442 | €362 | -€6,080 | -94.4% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €87,520 | €63,480 | -€24,040 | -27.5% |
| Income taxes | 67/77 | €18,320 | €17,833 | -€488 | -2.7% |
| Profit (loss) for the period | 9904 | €69,199 | €45,647 | -€23,552 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,199 | €45,647 | -€23,552 | -34.0% |
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 4 October 2026 via checked.be.