THALASS ALIF: what changed
THALASS ALIF
Largest movements
- Receivables after one year +€12,000
up €12,000 (+12.2%), from €98,000 to €110,000
- Tangible fixed assets -€7,676
down €7,676 (-42.8%), from €17,919 to €10,243
of which Furniture and vehicles: -€6,176
- Cash -€3,846
down €3,846 (-11.6%), from €33,110 to €29,264
mainly Receivables after one year (-€12,000) and Other debts (-€11,064)
- Deferred charges and accrued income -€1,686
down €1,686 (-63.9%), from €2,639 to €953
- Reserves +€12,500
up €12,500 (+51.2%), from €24,400 to €36,900
of which Distributable reserves: +€12,500
- Other debts -€11,064
no longer reported in 2025 (was €11,064)
- Trade debts -€10,697
down €10,697 (-74.5%), from €14,354 to €3,658
- Tax, wage and social debts +€8,784
up €8,784 (+217%), from €4,040 to €12,824
of which Taxes: +€6,484
- Gross operating margin -€5,254
down €5,254 (-14.1%), from €37,254 to €32,000
- Staff costs +€3,133
up €3,133, from -€48 to €3,085
- Taxes +€2,443
up €2,443 (+60.4%), from €4,041 to €6,484
- Depreciation +€1,629
up €1,629 (+26.9%), from €6,048 to €7,676
- Other operating charges -€780
down €780 (-18.9%), from €4,127 to €3,347
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,443 | €168,070 | -€373 | -0.2% |
| Fixed assets | 21/28 | €19,143 | €11,466 | -€7,676 | -40.1% |
| Tangible fixed assets | 22/27 | €17,919 | €10,243 | -€7,676 | -42.8% |
| Plant, machinery and equipment | 23 | €5,957 | €4,457 | -€1,500 | -25.2% |
| Furniture and vehicles | 24 | €11,962 | €5,786 | -€6,176 | -51.6% |
| Financial fixed assets | 28 | €1,224 | €1,224 | = | 0.0% |
| Current assets | 29/58 | €149,300 | €156,603 | +€7,304 | +4.9% |
| Amounts receivable after more than one year | 29 | €98,000 | €110,000 | +€12,000 | +12.2% |
| Other amounts receivable | 291 | €98,000 | €110,000 | +€12,000 | +12.2% |
| Amounts receivable within one year | 40/41 | €15,551 | €16,387 | +€836 | +5.4% |
| Trade receivables | 40 | €5,981 | €6,359 | +€378 | +6.3% |
| Other amounts receivable | 41 | €9,569 | €10,028 | +€458 | +4.8% |
| Cash at bank and in hand | 54/58 | €33,110 | €29,264 | -€3,846 | -11.6% |
| Deferred charges and accrued income | 490/1 | €2,639 | €953 | -€1,686 | -63.9% |
| Total equity and liabilities | 10/49 | €168,443 | €168,070 | -€373 | -0.2% |
| Equity | 10/15 | €138,984 | €151,588 | +€12,604 | +9.1% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Reserves | 13 | €24,400 | €36,900 | +€12,500 | +51.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €35,000 | +€12,500 | +55.6% |
| Profit (loss) carried forward | 14 | €103,884 | €103,988 | +€104 | +0.1% |
| Amounts payable | 17/49 | €29,458 | €16,481 | -€12,977 | -44.1% |
| Amounts payable within one year | 42/48 | €29,458 | €16,481 | -€12,977 | -44.1% |
| Trade debts | 44 | €14,354 | €3,658 | -€10,697 | -74.5% |
| Suppliers | 440/4 | €14,354 | €3,658 | -€10,697 | -74.5% |
| Taxes, remuneration and social security | 45 | €4,040 | €12,824 | +€8,784 | +217% |
| Taxes | 450/3 | €4,040 | €10,524 | +€6,484 | +160% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €11,064 | - | -€11,064 | |
| Remuneration, social security and pensions | 62 | -€48 | €3,085 | +€3,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,048 | €7,676 | +€1,629 | +26.9% |
| Other operating charges | 640/8 | €4,127 | €3,347 | -€780 | -18.9% |
| Gross operating margin | 9900 | €37,254 | €32,000 | -€5,254 | -14.1% |
| Operating profit (loss) | 9901 | €27,128 | €17,892 | -€9,236 | -34.0% |
| Financial income | 75/76B | €1,446 | €1,446 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,446 | €1,446 | +€0 | 0.0% |
| Financial charges | 65/66B | €299 | €250 | -€49 | -16.5% |
| Recurring financial charges | 65 | €299 | €250 | -€49 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €28,274 | €19,088 | -€9,186 | -32.5% |
| Income taxes | 67/77 | €4,041 | €6,484 | +€2,443 | +60.4% |
| Profit (loss) for the period | 9904 | €24,233 | €12,604 | -€11,629 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,233 | €12,604 | -€11,629 | -48.0% |
Next steps
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 3 November 2026 via checked.be.