TH TRUCK: 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 TRUCK
Largest movements
- Tangible fixed assets +€151,883
up €151,883 (+62.1%), from €244,490 to €396,373
of which Furniture and vehicles: +€95,171
- Cash +€78,151
up €78,151 (+1,357%), from €5,757 to €83,908
mainly Net result for the year (+€136,718) and Debts after one year (+€86,101)
- Receivables within one year +€7,306
up €7,306 (+9.6%), from €76,462 to €83,768
of which Other amounts receivable: +€9,728
- Debts after one year +€86,101
up €86,101 (+77.7%), from €110,770 to €196,871
- Tax, wage and social debts +€70,114
up €70,114 (+157%), from €44,523 to €114,637
of which Taxes: +€65,798
- Profit (loss) carried forward +€58,718
up €58,718 (+78.9%), from €74,408 to €133,126
- Current portion of long-term debt +€16,958
up €16,958 (+27.0%), from €62,921 to €79,878
- Other debts +€16,517
up €16,517 (+38.0%), from €43,483 to €60,000
- Gross operating margin +€191,682
up €191,682 (+152%), from €126,030 to €317,712
- Depreciation +€36,158
up €36,158 (+223%), from €16,180 to €52,338
- Other operating charges +€33,209
up €33,209 (+285%), from €11,632 to €44,842
- Staff costs +€29,255
new in 2025: €29,255
- Taxes +€22,851
up €22,851 (+121%), from €18,875 to €41,725
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 | €345,489 | €591,539 | +€246,049 | +71.2% |
| Formation expenses | 20 | €748 | €0 | -€748 | -100% |
| Fixed assets | 21/28 | €261,490 | €418,373 | +€156,883 | +60.0% |
| Tangible fixed assets | 22/27 | €244,490 | €396,373 | +€151,883 | +62.1% |
| Plant, machinery and equipment | 23 | €13,787 | €10,686 | -€3,101 | -22.5% |
| Furniture and vehicles | 24 | €84,397 | €179,568 | +€95,171 | +113% |
| Leasing and similar rights | 25 | €146,305 | €206,118 | +€59,813 | +40.9% |
| Financial fixed assets | 28 | €17,000 | €22,000 | +€5,000 | +29.4% |
| Current assets | 29/58 | €83,252 | €173,166 | +€89,914 | +108% |
| Amounts receivable within one year | 40/41 | €76,462 | €83,768 | +€7,306 | +9.6% |
| Trade receivables | 40 | €76,462 | €74,040 | -€2,422 | -3.2% |
| Other amounts receivable | 41 | - | €9,728 | +€9,728 | |
| Cash at bank and in hand | 54/58 | €5,757 | €83,908 | +€78,151 | +1,357% |
| Deferred charges and accrued income | 490/1 | €1,033 | €5,490 | +€4,457 | +432% |
| Total equity and liabilities | 10/49 | €345,489 | €591,539 | +€246,049 | +71.2% |
| Equity | 10/15 | €76,408 | €135,126 | +€58,718 | +76.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,408 | €133,126 | +€58,718 | +78.9% |
| Amounts payable | 17/49 | €269,081 | €456,413 | +€187,332 | +69.6% |
| Amounts payable after more than one year | 17 | €110,770 | €196,871 | +€86,101 | +77.7% |
| Financial debts | 170/4 | €110,770 | €196,871 | +€86,101 | +77.7% |
| Amounts payable within one year | 42/48 | €158,311 | €259,542 | +€101,230 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €62,921 | €79,878 | +€16,958 | +27.0% |
| Trade debts | 44 | €7,385 | €5,026 | -€2,359 | -31.9% |
| Suppliers | 440/4 | €7,385 | €5,026 | -€2,359 | -31.9% |
| Taxes, remuneration and social security | 45 | €44,523 | €114,637 | +€70,114 | +157% |
| Taxes | 450/3 | €38,857 | €104,655 | +€65,798 | +169% |
| Remuneration and social security | 454/9 | €5,666 | €9,982 | +€4,316 | +76.2% |
| Other amounts payable | 47/48 | €43,483 | €60,000 | +€16,517 | +38.0% |
| Remuneration, social security and pensions | 62 | - | €29,255 | +€29,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,180 | €52,338 | +€36,158 | +223% |
| Other operating charges | 640/8 | €11,632 | €44,842 | +€33,209 | +285% |
| Gross operating margin | 9900 | €126,030 | €317,712 | +€191,682 | +152% |
| Operating profit (loss) | 9901 | €98,218 | €191,278 | +€93,060 | +94.7% |
| Financial income | 75/76B | €2 | €542 | +€540 | +32,940% |
| Recurring financial income | 75 | €2 | €542 | +€540 | +32,940% |
| Financial charges | 65/66B | €4,937 | €13,377 | +€8,440 | +171% |
| Recurring financial charges | 65 | €4,937 | €13,377 | +€8,440 | +171% |
| Profit (loss) for the period before taxes | 9903 | €93,283 | €178,443 | +€85,160 | +91.3% |
| Income taxes | 67/77 | €18,875 | €41,725 | +€22,851 | +121% |
| Profit (loss) for the period | 9904 | €74,408 | €136,718 | +€62,309 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,408 | €136,718 | +€62,309 | +83.7% |
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 19 October 2026 via checked.be.