THALIE Xp: 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.
THALIE Xp
Largest movements
- Stocks and contracts -€13,128
down €13,128 (-48.6%), from €27,021 to €13,893
- Tangible fixed assets -€11,511
down €11,511 (-96.8%), from €11,893 to €382
of which Other tangible fixed assets: -€10,132
- Profit (loss) carried forward -€14,523
down €14,523 (-243%), from -€5,983 to -€20,506
- Tax, wage and social debts -€8,282
down €8,282 (-99.6%), from €8,316 to €34
- Reserves -€5,263
down €5,263 (-15.3%), from €34,496 to €29,233
- Other debts +€4,274
up €4,274 (+298%), from €1,435 to €5,709
- Depreciation -€1,877
down €1,877 (-82.1%), from €2,285 to €408
- Gross operating margin +€606
up €606 (+23.1%), from -€2,622 to -€2,017
- Financial charges -€242
down €242 (-59.8%), from €404 to €163
- Other operating charges +€136
up €136 (+19.6%), from €696 to €832
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 | €53,712 | €29,470 | -€24,242 | -45.1% |
| Fixed assets | 21/28 | €11,893 | €382 | -€11,511 | -96.8% |
| Tangible fixed assets | 22/27 | €11,893 | €382 | -€11,511 | -96.8% |
| Furniture and vehicles | 24 | €1,761 | €382 | -€1,380 | -78.3% |
| Other tangible fixed assets | 26 | €10,132 | - | -€10,132 | |
| Current assets | 29/58 | €41,819 | €29,088 | -€12,731 | -30.4% |
| Stocks and contracts in progress | 3 | €27,021 | €13,893 | -€13,128 | -48.6% |
| Stocks | 30/36 | €27,021 | €13,893 | -€13,128 | -48.6% |
| Amounts receivable within one year | 40/41 | €1,067 | €1,414 | +€347 | +32.5% |
| Trade receivables | 40 | €896 | €1,414 | +€518 | +57.9% |
| Other amounts receivable | 41 | €172 | - | -€172 | |
| Cash at bank and in hand | 54/58 | €13,587 | €13,782 | +€195 | +1.4% |
| Deferred charges and accrued income | 490/1 | €144 | - | -€144 | |
| Total equity and liabilities | 10/49 | €53,712 | €29,470 | -€24,242 | -45.1% |
| Equity | 10/15 | €43,513 | €23,727 | -€19,786 | -45.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €34,496 | €29,233 | -€5,263 | -15.3% |
| Distributable reserves | 133 | €34,496 | €29,233 | -€5,263 | -15.3% |
| Profit (loss) carried forward | 14 | -€5,983 | -€20,506 | -€14,523 | -243% |
| Amounts payable | 17/49 | €10,199 | €5,743 | -€4,456 | -43.7% |
| Amounts payable within one year | 42/48 | €10,199 | €5,743 | -€4,456 | -43.7% |
| Trade debts | 44 | €448 | - | -€448 | |
| Suppliers | 440/4 | €448 | - | -€448 | |
| Taxes, remuneration and social security | 45 | €8,316 | €34 | -€8,282 | -99.6% |
| Taxes | 450/3 | €8,316 | €34 | -€8,282 | -99.6% |
| Other amounts payable | 47/48 | €1,435 | €5,709 | +€4,274 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,285 | €408 | -€1,877 | -82.1% |
| Other operating charges | 640/8 | €696 | €832 | +€136 | +19.6% |
| Non-recurring operating charges | 66A | - | €11,103 | +€11,103 | |
| Gross operating margin | 9900 | -€2,622 | -€2,017 | +€606 | +23.1% |
| Operating profit (loss) | 9901 | -€5,603 | -€14,361 | -€8,757 | -156% |
| Financial charges | 65/66B | €404 | €163 | -€242 | -59.8% |
| Recurring financial charges | 65 | €404 | €163 | -€242 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,008 | -€14,523 | -€8,516 | -142% |
| Profit (loss) for the period | 9904 | -€6,008 | -€14,523 | -€8,516 | -142% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,008 | -€14,523 | -€8,516 | -142% |
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 31 October 2026 via checked.be.