Modelmakerij Thijs: 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.
Modelmakerij Thijs
Largest movements
- Cash -€35,700
down €35,700 (-39.3%), from €90,896 to €55,197
- Stocks and contracts -€32,016
down €32,016 (-49.0%), from €65,365 to €33,348
of which Contracts in progress: -€26,000
- Tangible fixed assets -€31,997
down €31,997 (-51.5%), from €62,087 to €30,090
of which Furniture and vehicles: -€22,277
- Receivables within one year -€27,566
down €27,566 (-28.1%), from €98,079 to €70,513
of which Trade receivables: -€20,685
- Profit (loss) carried forward -€116,796
down €116,796 (-377%), from -€30,944 to -€147,740
- Trade debts -€10,956
down €10,956 (-50.5%), from €21,686 to €10,729
- Gross operating margin -€91,424
down €91,424, from €65,261 to -€26,163
- Staff costs -€36,288
down €36,288 (-83.2%), from €43,625 to €7,337
- Depreciation -€3,293
down €3,293 (-17.5%), from €18,847 to €15,553
- Financial income +€1,514
up €1,514 (+32,918%), from €5 to €1,519
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,587 | €191,648 | -€128,939 | -40.2% |
| Fixed assets | 21/28 | €62,087 | €30,090 | -€31,997 | -51.5% |
| Tangible fixed assets | 22/27 | €62,087 | €30,090 | -€31,997 | -51.5% |
| Land and buildings | 22 | €1,456 | €728 | -€728 | -50.0% |
| Plant, machinery and equipment | 23 | €21,286 | €12,295 | -€8,991 | -42.2% |
| Furniture and vehicles | 24 | €39,344 | €17,067 | -€22,277 | -56.6% |
| Current assets | 29/58 | €258,501 | €161,558 | -€96,943 | -37.5% |
| Stocks and contracts in progress | 3 | €65,365 | €33,348 | -€32,016 | -49.0% |
| Stocks | 30/36 | €39,365 | €33,348 | -€6,016 | -15.3% |
| Contracts in progress | 37 | €26,000 | - | -€26,000 | |
| Amounts receivable within one year | 40/41 | €98,079 | €70,513 | -€27,566 | -28.1% |
| Trade receivables | 40 | €90,241 | €69,556 | -€20,685 | -22.9% |
| Other amounts receivable | 41 | €7,838 | €956 | -€6,882 | -87.8% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,896 | €55,197 | -€35,700 | -39.3% |
| Deferred charges and accrued income | 490/1 | €1,661 | - | -€1,661 | |
| Total equity and liabilities | 10/49 | €320,587 | €191,648 | -€128,939 | -40.2% |
| Equity | 10/15 | €297,664 | €180,867 | -€116,796 | -39.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €308,608 | €308,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,705 | €11,705 | = | 0.0% |
| Distributable reserves | 133 | €294,903 | €294,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,944 | -€147,740 | -€116,796 | -377% |
| Amounts payable | 17/49 | €22,924 | €10,780 | -€12,143 | -53.0% |
| Amounts payable within one year | 42/48 | €22,924 | €10,780 | -€12,143 | -53.0% |
| Trade debts | 44 | €21,686 | €10,729 | -€10,956 | -50.5% |
| Suppliers | 440/4 | €21,686 | €10,729 | -€10,956 | -50.5% |
| Taxes, remuneration and social security | 45 | - | €51 | +€51 | |
| Taxes | 450/3 | - | €9 | +€9 | |
| Remuneration and social security | 454/9 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | €1,238 | - | -€1,238 | |
| Remuneration, social security and pensions | 62 | €43,625 | €7,337 | -€36,288 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,847 | €15,553 | -€3,293 | -17.5% |
| Other operating charges | 640/8 | €2,665 | €2,549 | -€116 | -4.4% |
| Gross operating margin | 9900 | €65,261 | -€26,163 | -€91,424 | |
| Operating profit (loss) | 9901 | €124 | -€51,602 | -€51,727 | |
| Financial income | 75/76B | €5 | €1,519 | +€1,514 | +32,918% |
| Recurring financial income | 75 | €5 | €1,519 | +€1,514 | +32,918% |
| Financial charges | 65/66B | €385 | €836 | +€452 | +117% |
| Recurring financial charges | 65 | €385 | €836 | +€452 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€256 | -€50,920 | -€50,664 | -19,804% |
| Profit (loss) for the period | 9904 | -€256 | -€50,920 | -€50,664 | -19,804% |
| Profit (loss) for the period to be appropriated | 9905 | -€256 | -€50,920 | -€50,664 | -19,804% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.