LE THINES: 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.
LE THINES
Largest movements
- Receivables within one year +€250,070
up €250,070 (+25.7%), from €974,123 to €1.2m
- Tangible fixed assets -€239,436
down €239,436 (-6.1%), from €3.9m to €3.7m
of which Land and buildings: -€244,981
- Revaluation surpluses -€242,969
down €242,969 (-7.9%), from €3.1m to €2.8m
- Reserves +€140,438
up €140,438 (+5.0%), from €2.8m to €3.0m
of which Distributable reserves: +€140,438
- Profit (loss) carried forward +€108,264
up €108,264 (+8.5%), from -€1.3m to -€1.2m
- Depreciation +€139,560
up €139,560 (+4829.9%), from €2,889 to €142,449
- Financial income +€24,076
up €24,076 (+28.0%), from €85,918 to €109,995
- Turnover +€7,786
up €7,786 (+3.4%), from €231,981 to €239,767
- Taxes +€4,859
up €4,859 (+5.7%), from €85,936 to €90,795
- Purchases and services +€2,873
up €2,873 (+78.8%), from €3,644 to €6,517
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,876,523 | €4,887,156 | +€10,633 | +0.2% |
| Fixed assets | 21/28 | €3,902,400 | €3,662,964 | -€239,436 | -6.1% |
| Tangible fixed assets | 22/27 | €3,902,400 | €3,662,964 | -€239,436 | -6.1% |
| Land and buildings | 22 | €3,627,081 | €3,382,100 | -€244,981 | -6.8% |
| Assets under construction and advance payments | 27 | €275,319 | €280,864 | +€5,545 | +2.0% |
| Current assets | 29/58 | €974,123 | €1,224,192 | +€250,070 | +25.7% |
| Amounts receivable within one year | 40/41 | €974,123 | €1,224,192 | +€250,070 | +25.7% |
| Other amounts receivable | 41 | €974,123 | €1,224,192 | +€250,070 | +25.7% |
| Total equity and liabilities | 10/49 | €4,876,523 | €4,887,156 | +€10,633 | +0.2% |
| Equity | 10/15 | €4,789,410 | €4,795,142 | +€5,732 | +0.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,087,500 | €2,844,530 | -€242,969 | -7.9% |
| Reserves | 13 | €2,824,391 | €2,964,829 | +€140,438 | +5.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €2,809,391 | €2,949,829 | +€140,438 | +5.0% |
| Profit (loss) carried forward | 14 | -€1,272,481 | -€1,164,217 | +€108,264 | +8.5% |
| Amounts payable | 17/49 | €87,113 | €92,014 | +€4,901 | +5.6% |
| Amounts payable within one year | 42/48 | €86,904 | €90,795 | +€3,891 | +4.5% |
| Trade debts | 44 | €968 | - | -€968 | |
| Suppliers | 440/4 | €968 | - | -€968 | |
| Taxes, remuneration and social security | 45 | €85,936 | €90,795 | +€4,859 | +5.7% |
| Taxes | 450/3 | €85,936 | €90,795 | +€4,859 | +5.7% |
| Accrued charges and deferred income | 492/3 | €209 | €1,219 | +€1,010 | +484.0% |
| Turnover | 70 | €231,981 | €239,767 | +€7,786 | +3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,644 | €6,517 | +€2,873 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €142,449 | +€139,560 | +4829.9% |
| Other operating charges | 640/8 | €25,726 | €26,515 | +€789 | +3.1% |
| Gross operating margin | 9900 | €258,096 | €258,786 | +€690 | +0.3% |
| Operating profit (loss) | 9901 | €229,480 | €89,821 | -€139,659 | -60.9% |
| Financial income | 75/76B | €85,918 | €109,995 | +€24,076 | +28.0% |
| Recurring financial income | 75 | €85,918 | €109,995 | +€24,076 | +28.0% |
| Financial charges | 65/66B | €713 | €757 | +€44 | +6.2% |
| Recurring financial charges | 65 | €713 | €757 | +€44 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €314,686 | €199,059 | -€115,627 | -36.7% |
| Income taxes | 67/77 | €85,936 | €90,795 | +€4,859 | +5.7% |
| Profit (loss) for the period | 9904 | €228,749 | €108,264 | -€120,485 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €228,749 | €108,264 | -€120,485 | -52.7% |
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 5 October 2026 via checked.be.