TH SOINS: 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.
TH SOINS
Largest movements
- Cash +€25,779
up €25,779 (+195.1%), from €13,216 to €38,995
mainly Net result for the year (+€45,934) and Contributions, distributions and other (+€9,500)
- Receivables within one year +€20,683
up €20,683 (+24.3%), from €85,262 to €105,945
- Tangible fixed assets +€4,814
new in 2025: €4,814
of which Furniture and vehicles: +€3,358
- Profit (loss) carried forward +€45,934
up €45,934 (+61.1%), from €75,195 to €121,129
- Contributions +€9,500
new in 2025: €9,500
- Tax, wage and social debts -€3,832
down €3,832 (-17.4%), from €21,990 to €18,158
- Turnover -€56,772
down €56,772 (-25.2%), from €225,537 to €168,765
- Gross operating margin -€35,101
down €35,101 (-34.8%), from €100,972 to €65,871
- Purchases and services -€21,672
down €21,672 (-17.4%), from €124,565 to €102,894
- Taxes -€3,264
down €3,264 (-14.8%), from €21,990 to €18,726
- Other operating charges -€2,675
down €2,675 (-72.0%), from €3,715 to €1,040
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 | €98,478 | €149,754 | +€51,276 | +52.1% |
| Fixed assets | 21/28 | - | €4,814 | +€4,814 | |
| Tangible fixed assets | 22/27 | - | €4,814 | +€4,814 | |
| Furniture and vehicles | 24 | - | €3,358 | +€3,358 | |
| Leasing and similar rights | 25 | - | €1,456 | +€1,456 | |
| Current assets | 29/58 | €98,478 | €144,940 | +€46,462 | +47.2% |
| Amounts receivable within one year | 40/41 | €85,262 | €105,945 | +€20,683 | +24.3% |
| Other amounts receivable | 41 | €85,262 | €105,945 | +€20,683 | +24.3% |
| Cash at bank and in hand | 54/58 | €13,216 | €38,995 | +€25,779 | +195.1% |
| Total equity and liabilities | 10/49 | €98,478 | €149,754 | +€51,276 | +52.1% |
| Equity | 10/15 | €75,195 | €130,629 | +€55,434 | +73.7% |
| Contributions | 10/11 | - | €9,500 | +€9,500 | |
| Profit (loss) carried forward | 14 | €75,195 | €121,129 | +€45,934 | +61.1% |
| Amounts payable | 17/49 | €23,283 | €19,125 | -€4,158 | -17.9% |
| Amounts payable within one year | 42/48 | €23,283 | €19,125 | -€4,158 | -17.9% |
| Trade debts | 44 | €1,293 | €967 | -€326 | -25.2% |
| Suppliers | 440/4 | €1,293 | €967 | -€326 | -25.2% |
| Taxes, remuneration and social security | 45 | €21,990 | €18,158 | -€3,832 | -17.4% |
| Taxes | 450/3 | €21,990 | €18,158 | -€3,832 | -17.4% |
| Turnover | 70 | €225,537 | €168,765 | -€56,772 | -25.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,565 | €102,894 | -€21,672 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €148 | +€148 | |
| Other operating charges | 640/8 | €3,715 | €1,040 | -€2,675 | -72.0% |
| Gross operating margin | 9900 | €100,972 | €65,871 | -€35,101 | -34.8% |
| Operating profit (loss) | 9901 | €97,257 | €64,683 | -€32,574 | -33.5% |
| Financial income | 75/76B | €15 | €25 | +€10 | +62.7% |
| Recurring financial income | 75 | €15 | €25 | +€10 | +62.7% |
| Financial charges | 65/66B | €87 | €48 | -€39 | -45.1% |
| Recurring financial charges | 65 | €87 | €48 | -€39 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €97,185 | €64,660 | -€32,525 | -33.5% |
| Income taxes | 67/77 | €21,990 | €18,726 | -€3,264 | -14.8% |
| Profit (loss) for the period | 9904 | €75,195 | €45,934 | -€29,260 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,195 | €45,934 | -€29,260 | -38.9% |
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 8 October 2026 via checked.be.