TH Trucks Belux: what changed
What changed
TH Trucks Belux
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.7m-€248,514
Equity
€9.4m
2024 · €12.4m-€3.0m
Cash
€1,299
2024 · €2,806-€1,507
Balance sheet total
€13.8m
2024 · €13.8m-€1,833
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€3.0m
down €3.0m (-45.6%), from €6.5m to €3.5m
- Other debts +€3.0m
up €3.0m (+203%), from €1.5m to €4.4m
Income statement
- Financial income -€250,168
down €250,168 (-14.7%), from €1.7m to €1.4m
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.
Result 2024
€1.7m
Write-downs
+€3,460
Other operating charges
-€3,442
Other operating items
+€1,319
Financial income
-€250,168
Financial charges
+€318
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.4m
Investment
€0
Financing
-€4.4m
Cash 2024
€2,806
From operations (derived)
+€4.4m
Net result for the year
+€1.4m
Smaller working-capital items
+€2,239
Other debts
+€3.0m
Financing
-€4.4m
Contributions, distributions and other
-€4.4m
Cash 2025
€1,299
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,813,327 | €13,811,494 | -€1,833 | 0.0% |
| Fixed assets | 21/28 | €13,750,775 | €13,750,775 | = | 0.0% |
| Financial fixed assets | 28 | €13,750,775 | €13,750,775 | = | 0.0% |
| Affiliated companies | 280/1 | €13,749,525 | €13,749,525 | = | 0.0% |
| Participating interests | 280 | €13,749,525 | €13,749,525 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,250 | €1,250 | = | 0.0% |
| Shares | 284 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €62,552 | €60,719 | -€1,833 | -2.9% |
| Amounts receivable within one year | 40/41 | €59,746 | €59,420 | -€326 | -0.5% |
| Trade receivables | 40 | €2,420 | €2,420 | +€0 | 0.0% |
| Other amounts receivable | 41 | €57,326 | €57,000 | -€326 | -0.6% |
| Cash at bank and in hand | 54/58 | €2,806 | €1,299 | -€1,507 | -53.7% |
| Total equity and liabilities | 10/49 | €13,813,327 | €13,811,494 | -€1,833 | 0.0% |
| Equity | 10/15 | €12,350,791 | €9,397,045 | -€3.0m | -23.9% |
| Contributions | 10/11 | €1,100,028 | €1,100,028 | = | 0.0% |
| Capital | 10 | €990,000 | €990,000 | = | 0.0% |
| Issued capital | 100 | €990,000 | €990,000 | = | 0.0% |
| Contributions outside capital | 11 | €110,028 | €110,028 | = | 0.0% |
| Share premium | 1100/10 | €110,028 | €110,028 | = | 0.0% |
| Reserves | 13 | €4,780,169 | €4,780,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €99,000 | €99,000 | = | 0.0% |
| Legal reserve | 130 | €99,000 | €99,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,692 | €58,692 | = | 0.0% |
| Distributable reserves | 133 | €4,622,477 | €4,622,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,470,594 | €3,516,849 | -€3.0m | -45.6% |
| Amounts payable | 17/49 | €1,462,536 | €4,414,449 | +€3.0m | +202% |
| Amounts payable within one year | 42/48 | €1,454,811 | €4,404,607 | +€2.9m | +203% |
| Trade debts | 44 | €4,811 | €4,329 | -€481 | -10.0% |
| Suppliers | 440/4 | €4,811 | €4,329 | -€481 | -10.0% |
| Taxes, remuneration and social security | 45 | - | €277 | +€277 | |
| Taxes | 450/3 | - | €277 | +€277 | |
| Other amounts payable | 47/48 | €1,450,000 | €4,400,000 | +€3.0m | +203% |
| Accrued charges and deferred income | 492/3 | €7,725 | €9,842 | +€2,117 | +27.4% |
| Operating income | 70/76A | €24,000 | €24,000 | = | 0.0% |
| Other operating income | 74 | €24,000 | €24,000 | = | 0.0% |
| Operating charges | 60/66A | €25,551 | €24,215 | -€1,336 | -5.2% |
| Services and other goods | 61 | €24,407 | €23,088 | -€1,319 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,460 | -€3,460 | |
| Other operating charges | 640/8 | €1,144 | €4,586 | +€3,442 | +301% |
| Operating profit (loss) | 9901 | -€1,551 | -€215 | +€1,336 | +86.1% |
| Financial income | 75/76B | €1,697,078 | €1,446,909 | -€250,168 | -14.7% |
| Recurring financial income | 75 | €1,697,078 | €1,446,909 | -€250,168 | -14.7% |
| Income from financial fixed assets | 750 | €1,696,502 | €1,446,412 | -€250,090 | -14.7% |
| Other financial income | 752/9 | €576 | €497 | -€79 | -13.7% |
| Financial charges | 65/66B | €758 | €440 | -€318 | -42.0% |
| Recurring financial charges | 65 | €758 | €440 | -€318 | -42.0% |
| Debt charges | 650 | - | €15 | +€15 | |
| Other financial charges | 652/9 | €758 | €425 | -€333 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €1,694,768 | €1,446,254 | -€248,514 | -14.7% |
| Profit (loss) for the period | 9904 | €1,694,768 | €1,446,254 | -€248,514 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,694,768 | €1,446,254 | -€248,514 | -14.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.