TETHYS KAZAKHSTAN: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Receivables after one year -€1.7m
down €1.7m (-63.8%), from €2.6m to €942,726
- Current investments -€894,299
down €894,299 (-70.6%), from €1.3m to €372,996
- Receivables within one year +€128,209
new in 2025: €128,209
- Contributions +€169.9m
up €169.9m (+169,891%), from €100,001 to €170.0m
- Debts after one year -€166.0m
down €166.0m (-100%), from €166.0m to €0
- Profit (loss) carried forward -€5.1m
down €5.1m (-3.2%), from -€160.0m to -€165.1m
- Tax, wage and social debts -€1.3m
down €1.3m (-19.9%), from €6.4m to €5.1m
- Financial charges -€2.5m
down €2.5m (-21.5%), from €11.4m to €9.0m
of which Financial charges: -€1.8m
- Financial income -€538,528
down €538,528 (-13.2%), from €4.1m to €3.5m
- Taxes -€330,987
down €330,987 (-133%), from -€248,096 to -€579,083
- Services and other goods +€175,691
up €175,691 (+181%), from €96,991 to €272,682
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,492,050 | €10,064,584 | -€2.4m | -19.4% |
| Fixed assets | 21/28 | €8,620,653 | €8,620,653 | = | 0.0% |
| Financial fixed assets | 28 | €8,620,653 | €8,620,653 | = | 0.0% |
| Affiliated companies | 280/1 | €8,620,653 | €8,620,653 | = | 0.0% |
| Participating interests | 280 | €8,620,653 | €8,620,653 | = | 0.0% |
| Current assets | 29/58 | €3,871,397 | €1,443,931 | -€2.4m | -62.7% |
| Amounts receivable after more than one year | 29 | €2,604,102 | €942,726 | -€1.7m | -63.8% |
| Other amounts receivable | 291 | €2,604,102 | €942,726 | -€1.7m | -63.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €128,209 | +€128,209 | |
| Other amounts receivable | 41 | - | €128,209 | +€128,209 | |
| Current investments | 50/53 | €1,267,295 | €372,996 | -€894,299 | -70.6% |
| Other investments | 51/53 | €1,267,295 | €372,996 | -€894,299 | -70.6% |
| Total equity and liabilities | 10/49 | €12,492,050 | €10,064,584 | -€2.4m | -19.4% |
| Equity | 10/15 | -€159,925,302 | €4,853,856 | +€164.8m | |
| Contributions | 10/11 | €100,001 | €169,992,742 | +€169.9m | +169,891% |
| Capital | 10 | €100,001 | €169,992,742 | +€169.9m | +169,891% |
| Issued capital | 100 | €100,001 | €169,992,742 | +€169.9m | +169,891% |
| Profit (loss) carried forward | 14 | -€160,025,303 | -€165,138,886 | -€5.1m | -3.2% |
| Amounts payable | 17/49 | €172,417,352 | €5,210,728 | -€167.2m | -97.0% |
| Amounts payable after more than one year | 17 | €166,010,800 | €0 | -€166.0m | -100% |
| Financial debts | 170/4 | €166,010,800 | €0 | -€166.0m | -100% |
| Other loans | 174 | €166,010,800 | €0 | -€166.0m | -100% |
| Amounts payable within one year | 42/48 | €6,406,552 | €5,136,844 | -€1.3m | -19.8% |
| Trade debts | 44 | €22,014 | €25,078 | +€3,064 | +13.9% |
| Suppliers | 440/4 | €22,014 | €25,078 | +€3,064 | +13.9% |
| Taxes, remuneration and social security | 45 | €6,384,538 | €5,111,766 | -€1.3m | -19.9% |
| Taxes | 450/3 | €6,384,538 | €5,111,766 | -€1.3m | -19.9% |
| Accrued charges and deferred income | 492/3 | - | €73,884 | +€73,884 | |
| Operating charges | 60/66A | €96,991 | €272,682 | +€175,691 | +181% |
| Services and other goods | 61 | €96,991 | €272,682 | +€175,691 | +181% |
| Operating profit (loss) | 9901 | -€96,991 | -€272,682 | -€175,691 | -181% |
| Financial income | 75/76B | €4,087,324 | €3,548,796 | -€538,528 | -13.2% |
| Recurring financial income | 75 | €4,087,324 | €3,548,796 | -€538,528 | -13.2% |
| Income from financial fixed assets | 750 | €4,037,047 | €3,518,152 | -€518,896 | -12.9% |
| Other financial income | 752/9 | €50,277 | €30,644 | -€19,632 | -39.0% |
| Financial charges | 65/66B | €11,430,687 | €8,968,780 | -€2.5m | -21.5% |
| Recurring financial charges | 65 | €8,495,726 | €6,681,253 | -€1.8m | -21.4% |
| Debt charges | 650 | €8,495,156 | €6,680,764 | -€1.8m | -21.4% |
| Other financial charges | 652/9 | €570 | €489 | -€81 | -14.2% |
| Non-recurring financial charges | 66B | €2,934,961 | €2,287,527 | -€647,434 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,440,354 | -€5,692,666 | +€1.7m | +23.5% |
| Income taxes | 67/77 | -€248,096 | -€579,083 | -€330,987 | -133% |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €248,096 | €579,083 | +€330,987 | +133% |
| Profit (loss) for the period | 9904 | -€7,192,258 | -€5,113,583 | +€2.1m | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,192,258 | -€5,113,583 | +€2.1m | +28.9% |
Value
The latest accounts are not filed in euro. Checked does not convert these amounts.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 10 November 2026 via checked.be.