T'HI: 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.
T'HI
Largest movements
- Tangible fixed assets -€20,589
down €20,589 (-11.9%), from €173,274 to €152,684
- Profit (loss) carried forward -€23,180
down €23,180 (-12.7%), from -€181,865 to -€205,045
- Debts after one year -€14,938
down €14,938 (-10.5%), from €141,972 to €127,033
- Other debts +€14,914
up €14,914 (+8.8%), from €169,251 to €184,165
- Tax, wage and social debts -€1,791
down €1,791 (-81.0%), from €2,212 to €421
- Gross operating margin -€3,981
down €3,981 (-30.2%), from €13,170 to €9,189
- Other operating charges -€725
down €725 (-34.0%), from €2,133 to €1,408
- Depreciation -€428
down €428 (-2.0%), from €21,017 to €20,589
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,446 | €156,276 | -€22,170 | -12.4% |
| Fixed assets | 21/28 | €173,274 | €152,684 | -€20,589 | -11.9% |
| Tangible fixed assets | 22/27 | €173,274 | €152,684 | -€20,589 | -11.9% |
| Land and buildings | 22 | €173,274 | €152,684 | -€20,589 | -11.9% |
| Current assets | 29/58 | €5,172 | €3,592 | -€1,580 | -30.6% |
| Amounts receivable within one year | 40/41 | €3,479 | €1,857 | -€1,621 | -46.6% |
| Trade receivables | 40 | €3,479 | €1,857 | -€1,621 | -46.6% |
| Cash at bank and in hand | 54/58 | €9 | €33 | +€25 | +289% |
| Deferred charges and accrued income | 490/1 | €1,685 | €1,701 | +€16 | +1.0% |
| Total equity and liabilities | 10/49 | €178,446 | €156,276 | -€22,170 | -12.4% |
| Equity | 10/15 | -€161,405 | -€184,585 | -€23,180 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€181,865 | -€205,045 | -€23,180 | -12.7% |
| Amounts payable | 17/49 | €339,850 | €340,861 | +€1,010 | +0.3% |
| Amounts payable after more than one year | 17 | €141,972 | €127,033 | -€14,938 | -10.5% |
| Financial debts | 170/4 | €141,972 | €127,033 | -€14,938 | -10.5% |
| Amounts payable within one year | 42/48 | €197,879 | €213,827 | +€15,949 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €14,096 | €14,938 | +€843 | +6.0% |
| Financial debts | 43 | €9,660 | €9,985 | +€325 | +3.4% |
| Credit institutions | 430/8 | €9,660 | €9,985 | +€325 | +3.4% |
| Trade debts | 44 | €2,660 | €4,317 | +€1,657 | +62.3% |
| Suppliers | 440/4 | €2,660 | €4,317 | +€1,657 | +62.3% |
| Taxes, remuneration and social security | 45 | €2,212 | €421 | -€1,791 | -81.0% |
| Taxes | 450/3 | €2,212 | €421 | -€1,791 | -81.0% |
| Other amounts payable | 47/48 | €169,251 | €184,165 | +€14,914 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,017 | €20,589 | -€428 | -2.0% |
| Other operating charges | 640/8 | €2,133 | €1,408 | -€725 | -34.0% |
| Gross operating margin | 9900 | €13,170 | €9,189 | -€3,981 | -30.2% |
| Operating profit (loss) | 9901 | -€9,981 | -€12,808 | -€2,827 | -28.3% |
| Financial charges | 65/66B | €10,369 | €10,372 | +€3 | 0.0% |
| Recurring financial charges | 65 | €10,369 | €10,372 | +€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,350 | -€23,180 | -€2,830 | -13.9% |
| Profit (loss) for the period | 9904 | -€20,350 | -€23,180 | -€2,830 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,350 | -€23,180 | -€2,830 | -13.9% |
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 15 October 2026 via checked.be.