Paul Thiry & Co: 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.
Paul Thiry & Co
Largest movements
- Financial fixed assets -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Cash -€9,924
down €9,924 (-26.3%), from €37,733 to €27,809
mainly Net result for the year (-€77,887) and Debts after one year (-€9,157)
- Receivables within one year -€3,637
down €3,637 (-90.3%), from €4,029 to €392
of which Trade receivables: -€2,166
- Profit (loss) carried forward -€77,887
down €77,887 (-872.7%), from -€8,925 to -€86,812
- Debts after one year -€9,157
down €9,157 (-16.2%), from €56,420 to €47,262
- Accrued charges and deferred income -€2,257
down €2,257 (-100.0%), from €2,257 to €0
- Financial charges +€72,763
up €72,763 (+3144.4%), from €2,314 to €75,077
of which Non-recurring financial charges: +€75,000
- Depreciation -€70,710
down €70,710 (-100.0%), from €70,710 to €0
- Financial income -€35,692
down €35,692 (-94.0%), from €37,985 to €2,293
- Gross operating margin -€31,566
down €31,566, from €25,666 to -€5,900
- Taxes -€334
down €334 (-30.2%), from -€1,107 to -€1,441
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 | €116,781 | €28,201 | -€88,580 | -75.9% |
| Fixed assets | 21/28 | €75,000 | €0 | -€75,000 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €75,000 | €0 | -€75,000 | -100.0% |
| Current assets | 29/58 | €41,781 | €28,201 | -€13,580 | -32.5% |
| Amounts receivable within one year | 40/41 | €4,029 | €392 | -€3,637 | -90.3% |
| Trade receivables | 40 | €2,166 | €0 | -€2,166 | -100.0% |
| Other amounts receivable | 41 | €1,862 | €392 | -€1,470 | -78.9% |
| Current investments | 50/53 | €19 | €0 | -€19 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,733 | €27,809 | -€9,924 | -26.3% |
| Total equity and liabilities | 10/49 | €116,781 | €28,201 | -€88,580 | -75.9% |
| Equity | 10/15 | €57,651 | -€20,236 | -€77,887 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,976 | €47,976 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,116 | €46,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,925 | -€86,812 | -€77,887 | -872.7% |
| Amounts payable | 17/49 | €59,130 | €48,437 | -€10,693 | -18.1% |
| Amounts payable after more than one year | 17 | €56,420 | €47,262 | -€9,157 | -16.2% |
| Financial debts | 170/4 | €56,420 | €47,262 | -€9,157 | -16.2% |
| Amounts payable within one year | 42/48 | €453 | €1,174 | +€721 | +159.1% |
| Trade debts | 44 | €286 | €1,174 | +€888 | +310.2% |
| Suppliers | 440/4 | €286 | €1,174 | +€888 | +310.2% |
| Taxes, remuneration and social security | 45 | €167 | €0 | -€167 | -100.0% |
| Taxes | 450/3 | €167 | €0 | -€167 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,257 | €0 | -€2,257 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,710 | €0 | -€70,710 | -100.0% |
| Other operating charges | 640/8 | €659 | €644 | -€15 | -2.2% |
| Gross operating margin | 9900 | €25,666 | -€5,900 | -€31,566 | |
| Operating profit (loss) | 9901 | -€45,703 | -€6,544 | +€39,159 | +85.7% |
| Financial income | 75/76B | €37,985 | €2,293 | -€35,692 | -94.0% |
| Recurring financial income | 75 | €37,985 | €2,293 | -€35,692 | -94.0% |
| Financial charges | 65/66B | €2,314 | €75,077 | +€72,763 | +3144.4% |
| Recurring financial charges | 65 | €2,314 | €77 | -€2,237 | -96.7% |
| Non-recurring financial charges | 66B | - | €75,000 | +€75,000 | |
| Profit (loss) for the period before taxes | 9903 | -€10,032 | -€79,327 | -€69,295 | -690.7% |
| Income taxes | 67/77 | -€1,107 | -€1,441 | -€334 | -30.2% |
| Profit (loss) for the period | 9904 | -€8,925 | -€77,887 | -€68,961 | -772.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,925 | -€77,887 | -€68,961 | -772.7% |
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 10 October 2026 via checked.be.