La Thiérache: 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
La Thiérache
NACE 95.290, Repair and maintenance of other personal and household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€948,785
2024 · -€279,569-€669,216
Equity
€474,150
2024 · €1.4m-€932,135
Cash
€303,286
2024 · €483,322-€180,036
Balance sheet total
€2.7m
2024 · €3.2m-€515,740
Largest movements
Assets
- Receivables within one year -€236,063
down €236,063 (-37.6%), from €627,338 to €391,275
of which Trade receivables: -€195,526
- Cash -€180,036
down €180,036 (-37.2%), from €483,322 to €303,286
mainly Net result for the year (-€948,785) and Investment in fixed assets (net) (-€294,751)
- Stocks and contracts -€142,682
down €142,682 (-19.8%), from €722,043 to €579,362
Equity and liabilities
- Profit (loss) carried forward -€948,785
down €948,785 (-78.8%), from €1.2m to €255,147
- Accrued charges and deferred income +€307,919
up €307,919 (+8,319%), from €3,701 to €311,620
- Debts after one year +€83,291
up €83,291 (+14.5%), from €575,982 to €659,273
Income statement
- Gross operating margin -€517,620
down €517,620 (-19.4%), from €2.7m to €2.1m
- Turnover -€344,605
down €344,605 (-9.7%), from €3.6m to €3.2m
- Purchases and services -€83,845
down €83,845 (-3.2%), from €2.6m to €2.6m
- Write-downs +€79,607
up €79,607 (+130%), from €61,182 to €140,789
- Depreciation +€45,586
up €45,586 (+22.2%), from €204,899 to €250,485
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
-€279,569
Gross operating margin
-€517,620
Staff costs
-€4,762
Depreciation
-€45,586
Write-downs
-€79,607
Other operating charges
-€1,257
Other operating items
-€39
Financial income
+€5,300
Financial charges
-€25,645
Result 2025
-€948,785
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
+€14,774
Investment
-€294,751
Financing
+€99,941
Cash 2024
€483,322
From operations (derived)
+€14,774
Net result for the year
-€948,785
Depreciation
+€250,485
Stocks and contracts
+€142,682
Receivables within one year
+€236,063
Deferred charges and accrued income
+€1,225
Debts within one year
+€25,186
Accrued charges and deferred income
+€307,919
Investment (derived)
-€294,751
Investment in fixed assets (net)
-€294,751
Financing
+€99,941
Debts after one year
+€83,291
Contributions, distributions and other
+€16,650
Cash 2025
€303,286
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,228,347 | €2,712,607 | -€515,740 | -16.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,393,317 | €1,437,583 | +€44,266 | +3.2% |
| Intangible fixed assets | 21 | €55,858 | €71,937 | +€16,079 | +28.8% |
| Tangible fixed assets | 22/27 | €1,328,022 | €1,356,210 | +€28,187 | +2.1% |
| Land and buildings | 22 | €423,955 | €449,378 | +€25,424 | +6.0% |
| Plant, machinery and equipment | 23 | €764,801 | €707,613 | -€57,188 | -7.5% |
| Furniture and vehicles | 24 | €83,476 | €186,115 | +€102,639 | +123% |
| Leasing and similar rights | 25 | €13,402 | €7,760 | -€5,642 | -42.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €42,389 | €5,344 | -€37,045 | -87.4% |
| Financial fixed assets | 28 | €9,437 | €9,437 | = | 0.0% |
| Current assets | 29/58 | €1,835,030 | €1,275,024 | -€560,006 | -30.5% |
| Stocks and contracts in progress | 3 | €722,043 | €579,362 | -€142,682 | -19.8% |
| Stocks | 30/36 | €722,043 | €579,362 | -€142,682 | -19.8% |
| Amounts receivable within one year | 40/41 | €627,338 | €391,275 | -€236,063 | -37.6% |
| Trade receivables | 40 | €567,290 | €371,764 | -€195,526 | -34.5% |
| Other amounts receivable | 41 | €60,048 | €19,511 | -€40,538 | -67.5% |
| Cash at bank and in hand | 54/58 | €483,322 | €303,286 | -€180,036 | -37.2% |
| Deferred charges and accrued income | 490/1 | €2,327 | €1,102 | -€1,225 | -52.7% |
| Total equity and liabilities | 10/49 | €3,228,347 | €2,712,607 | -€515,740 | -16.0% |
| Equity | 10/15 | €1,406,285 | €474,150 | -€932,135 | -66.3% |
| Profit (loss) carried forward | 14 | €1,203,932 | €255,147 | -€948,785 | -78.8% |
| Investment grants | 15 | €202,353 | €219,003 | +€16,650 | +8.2% |
| Amounts payable | 17/49 | €1,822,062 | €2,238,457 | +€416,396 | +22.9% |
| Amounts payable after more than one year | 17 | €575,982 | €659,273 | +€83,291 | +14.5% |
| Financial debts | 170/4 | €575,982 | €659,273 | +€83,291 | +14.5% |
| Amounts payable within one year | 42/48 | €1,242,379 | €1,267,564 | +€25,186 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €154,693 | €199,131 | +€44,438 | +28.7% |
| Financial debts | 43 | €150,061 | €163,054 | +€12,993 | +8.7% |
| Credit institutions | 430/8 | €150,061 | €163,054 | +€12,993 | +8.7% |
| Trade debts | 44 | €512,043 | €484,048 | -€27,995 | -5.5% |
| Suppliers | 440/4 | €512,043 | €484,048 | -€27,995 | -5.5% |
| Taxes, remuneration and social security | 45 | €425,582 | €419,193 | -€6,388 | -1.5% |
| Taxes | 450/3 | €48,650 | €53,278 | +€4,628 | +9.5% |
| Remuneration and social security | 454/9 | €376,932 | €365,916 | -€11,017 | -2.9% |
| Accrued charges and deferred income | 492/3 | €3,701 | €311,620 | +€307,919 | +8,319% |
| Turnover | 70 | €3,559,821 | €3,215,216 | -€344,605 | -9.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,636,955 | €2,553,110 | -€83,845 | -3.2% |
| Remuneration, social security and pensions | 62 | €2,665,343 | €2,670,105 | +€4,762 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,899 | €250,485 | +€45,586 | +22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €61,182 | €140,789 | +€79,607 | +130% |
| Other operating charges | 640/8 | €6,992 | €8,249 | +€1,257 | +18.0% |
| Non-recurring operating charges | 66A | €81 | €120 | +€39 | +48.1% |
| Gross operating margin | 9900 | €2,663,555 | €2,145,935 | -€517,620 | -19.4% |
| Operating profit (loss) | 9901 | -€274,942 | -€923,814 | -€648,871 | -236% |
| Financial income | 75/76B | €28,420 | €33,720 | +€5,300 | +18.6% |
| Recurring financial income | 75 | €28,420 | €33,720 | +€5,300 | +18.6% |
| Financial charges | 65/66B | €33,047 | €58,691 | +€25,645 | +77.6% |
| Recurring financial charges | 65 | €33,047 | €38,258 | +€5,211 | +15.8% |
| Non-recurring financial charges | 66B | - | €20,433 | +€20,433 | |
| Profit (loss) for the period before taxes | 9903 | -€279,569 | -€948,785 | -€669,216 | -239% |
| Profit (loss) for the period | 9904 | -€279,569 | -€948,785 | -€669,216 | -239% |
| Profit (loss) for the period to be appropriated | 9905 | -€279,569 | -€948,785 | -€669,216 | -239% |
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 16 October 2026 via checked.be.