Post-Thillo: 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.
Post-Thillo
Largest movements
- Cash -€36,538
down €36,538 (-51.7%), from €70,690 to €34,152
mainly Other debts (-€22,214) and Net result for the year (-€7,661)
- Other debts -€22,214
down €22,214 (-100.0%), from €22,214 to €0
- Profit (loss) carried forward -€7,661
down €7,661 (-23.4%), from €32,685 to €25,024
- Tax, wage and social debts -€5,944
down €5,944 (-60.7%), from €9,792 to €3,848
of which Taxes: -€7,435
- Gross operating margin -€45,931
down €45,931, from €39,970 to -€5,961
- Taxes -€8,192
down €8,192 (-96.4%), from €8,499 to €307
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 | €87,276 | €51,916 | -€35,359 | -40.5% |
| Fixed assets | 21/28 | €193 | €0 | -€193 | -100.0% |
| Tangible fixed assets | 22/27 | €193 | €0 | -€193 | -100.0% |
| Furniture and vehicles | 24 | €193 | €0 | -€193 | -100.0% |
| Current assets | 29/58 | €87,082 | €51,916 | -€35,166 | -40.4% |
| Amounts receivable within one year | 40/41 | €16,171 | €17,019 | +€848 | +5.2% |
| Trade receivables | 40 | €15,670 | €0 | -€15,670 | -100.0% |
| Other amounts receivable | 41 | €501 | €17,019 | +€16,518 | +3295.4% |
| Cash at bank and in hand | 54/58 | €70,690 | €34,152 | -€36,538 | -51.7% |
| Deferred charges and accrued income | 490/1 | €221 | €746 | +€524 | +236.8% |
| Total equity and liabilities | 10/49 | €87,276 | €51,916 | -€35,359 | -40.5% |
| Equity | 10/15 | €53,145 | €45,484 | -€7,661 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,685 | €25,024 | -€7,661 | -23.4% |
| Amounts payable | 17/49 | €34,130 | €6,432 | -€27,698 | -81.2% |
| Amounts payable within one year | 42/48 | €34,130 | €6,432 | -€27,698 | -81.2% |
| Financial debts | 43 | €1,718 | €1,699 | -€19 | -1.1% |
| Credit institutions | 430/8 | €1,718 | €1,699 | -€19 | -1.1% |
| Trade debts | 44 | €407 | €886 | +€479 | +117.6% |
| Suppliers | 440/4 | €407 | €886 | +€479 | +117.6% |
| Taxes, remuneration and social security | 45 | €9,792 | €3,848 | -€5,944 | -60.7% |
| Taxes | 450/3 | €9,792 | €2,357 | -€7,435 | -75.9% |
| Remuneration and social security | 454/9 | €0 | €1,490 | +€1,490 | |
| Other amounts payable | 47/48 | €22,214 | €0 | -€22,214 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €193 | -€197 | -50.4% |
| Other operating charges | 640/8 | €635 | €655 | +€19 | +3.1% |
| Gross operating margin | 9900 | €39,970 | -€5,961 | -€45,931 | |
| Operating profit (loss) | 9901 | €38,944 | -€6,810 | -€45,754 | |
| Financial income | 75/76B | €0 | €258 | +€257 | +102952.0% |
| Recurring financial income | 75 | €0 | €258 | +€257 | +102952.0% |
| Financial charges | 65/66B | €964 | €802 | -€162 | -16.8% |
| Recurring financial charges | 65 | €964 | €802 | -€162 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €37,981 | -€7,354 | -€45,335 | |
| Income taxes | 67/77 | €8,499 | €307 | -€8,192 | -96.4% |
| Profit (loss) for the period | 9904 | €29,482 | -€7,661 | -€37,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,482 | -€7,661 | -€37,143 |
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 9 October 2026 via checked.be.