Th.Inc: 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.
Th.Inc
Largest movements
- Receivables within one year -€3,942
down €3,942 (-27.8%), from €14,181 to €10,239
- Deferred charges and accrued income -€233
down €233 (-66.9%), from €348 to €115
- Profit (loss) carried forward -€4,168
down €4,168 (-5.5%), from -€76,376 to -€80,544
- Gross operating margin +€1,067
up €1,067 (+21.2%), from -€5,040 to -€3,973
- Financial income -€1,010
down €1,010 (-68.3%), from €1,479 to €469
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 | €14,781 | €10,575 | -€4,206 | -28.5% |
| Current assets | 29/58 | €14,781 | €10,575 | -€4,206 | -28.5% |
| Amounts receivable within one year | 40/41 | €14,181 | €10,239 | -€3,942 | -27.8% |
| Other amounts receivable | 41 | €14,181 | €10,239 | -€3,942 | -27.8% |
| Cash at bank and in hand | 54/58 | €252 | €220 | -€31 | -12.5% |
| Deferred charges and accrued income | 490/1 | €348 | €115 | -€233 | -66.9% |
| Total equity and liabilities | 10/49 | €14,781 | €10,575 | -€4,206 | -28.5% |
| Equity | 10/15 | -€63,976 | -€68,144 | -€4,168 | -6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,376 | -€80,544 | -€4,168 | -5.5% |
| Amounts payable | 17/49 | €78,756 | €78,719 | -€38 | 0.0% |
| Amounts payable after more than one year | 17 | €35,307 | €35,307 | = | 0.0% |
| Other amounts payable | 178/9 | €35,307 | €35,307 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,450 | €43,412 | -€38 | -0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €43,062 | €43,012 | -€50 | -0.1% |
| Other operating charges | 640/8 | €575 | €610 | +€35 | +6.1% |
| Gross operating margin | 9900 | -€5,040 | -€3,973 | +€1,067 | +21.2% |
| Operating profit (loss) | 9901 | -€5,615 | -€4,583 | +€1,031 | +18.4% |
| Financial income | 75/76B | €1,479 | €469 | -€1,010 | -68.3% |
| Recurring financial income | 75 | €1,479 | €469 | -€1,010 | -68.3% |
| Financial charges | 65/66B | €49 | €54 | +€5 | +10.9% |
| Recurring financial charges | 65 | €49 | €54 | +€5 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,185 | -€4,168 | +€16 | +0.4% |
| Profit (loss) for the period | 9904 | -€4,185 | -€4,168 | +€16 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,185 | -€4,168 | +€16 | +0.4% |
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 12 October 2026 via checked.be.