THALIA: 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.
THALIA
Largest movements
- Cash -€89,398
down €89,398 (-79.3%), from €112,757 to €23,359
mainly Investment in fixed assets (net) (-€45,927) and Net result for the year (-€37,803)
- Intangible fixed assets +€41,334
new in 2025: €41,334
- Tangible fixed assets -€17,071
down €17,071 (-33.6%), from €50,799 to €33,728
- Receivables within one year +€9,650
up €9,650 (+39.2%), from €24,601 to €34,252
of which Other amounts receivable: +€34,252
- Profit (loss) carried forward -€37,803
down €37,803 (-137.5%), from -€27,494 to -€65,298
- Debts after one year -€8,763
down €8,763 (-16.4%), from €53,427 to €44,665
- Tax, wage and social debts -€8,503
down €8,503 (-88.6%), from €9,598 to €1,095
- Depreciation +€4,593
up €4,593 (+26.9%), from €17,071 to €21,663
- Gross operating margin -€3,476
down €3,476 (-37.7%), from -€9,210 to -€12,686
- Taxes +€345
up €345 (+46.0%), from €750 to €1,095
- Other operating charges +€286
up €286 (+15.7%), from €1,821 to €2,107
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 | €188,158 | €132,673 | -€55,485 | -29.5% |
| Fixed assets | 21/28 | €50,799 | €75,062 | +€24,263 | +47.8% |
| Intangible fixed assets | 21 | - | €41,334 | +€41,334 | |
| Tangible fixed assets | 22/27 | €50,799 | €33,728 | -€17,071 | -33.6% |
| Furniture and vehicles | 24 | €50,799 | €33,728 | -€17,071 | -33.6% |
| Current assets | 29/58 | €137,358 | €57,610 | -€79,748 | -58.1% |
| Amounts receivable within one year | 40/41 | €24,601 | €34,252 | +€9,650 | +39.2% |
| Trade receivables | 40 | €24,601 | €0 | -€24,601 | -100.0% |
| Other amounts receivable | 41 | - | €34,252 | +€34,252 | |
| Cash at bank and in hand | 54/58 | €112,757 | €23,359 | -€89,398 | -79.3% |
| Total equity and liabilities | 10/49 | €188,158 | €132,673 | -€55,485 | -29.5% |
| Equity | 10/15 | €121,966 | €84,162 | -€37,803 | -31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,860 | €130,860 | = | 0.0% |
| Distributable reserves | 133 | €130,860 | €130,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,494 | -€65,298 | -€37,803 | -137.5% |
| Amounts payable | 17/49 | €66,192 | €48,510 | -€17,682 | -26.7% |
| Amounts payable after more than one year | 17 | €53,427 | €44,665 | -€8,763 | -16.4% |
| Other amounts payable | 178/9 | €53,427 | €44,665 | -€8,763 | -16.4% |
| Amounts payable within one year | 42/48 | €12,765 | €3,846 | -€8,919 | -69.9% |
| Trade debts | 44 | €3,167 | €2,751 | -€416 | -13.1% |
| Suppliers | 440/4 | €3,167 | €2,751 | -€416 | -13.1% |
| Taxes, remuneration and social security | 45 | €9,598 | €1,095 | -€8,503 | -88.6% |
| Taxes | 450/3 | €9,598 | €1,095 | -€8,503 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,071 | €21,663 | +€4,593 | +26.9% |
| Other operating charges | 640/8 | €1,821 | €2,107 | +€286 | +15.7% |
| Gross operating margin | 9900 | -€9,210 | -€12,686 | -€3,476 | -37.7% |
| Operating profit (loss) | 9901 | -€28,102 | -€36,457 | -€8,355 | -29.7% |
| Financial charges | 65/66B | €226 | €252 | +€26 | +11.4% |
| Recurring financial charges | 65 | €226 | €252 | +€26 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,328 | -€36,709 | -€8,380 | -29.6% |
| Income taxes | 67/77 | €750 | €1,095 | +€345 | +46.0% |
| Profit (loss) for the period | 9904 | -€29,078 | -€37,803 | -€8,726 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,078 | -€37,803 | -€8,726 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.