THALIMVEST: what changed
Two fiscal 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.
THALIMVEST
Largest movements
- Receivables within one year +€51,642
up €51,642 (+124.2%), from €41,581 to €93,223
of which Other amounts receivable: +€49,196
- Tangible fixed assets -€25,144
down €25,144 (-16.0%), from €156,876 to €131,732
of which Land and buildings: -€19,232
- Cash -€19,058
down €19,058 (-10.1%), from €188,745 to €169,687
mainly Receivables within one year (-€51,642) and Net result for the year (-€7,609)
- Other debts +€13,413
up €13,413, from €0 to €13,413
- Profit (loss) carried forward -€7,609
down €7,609, from €0 to -€7,609
- Taxes +€14,403
new in 2024: €14,403
- Gross operating margin -€9,041
down €9,041 (-18.0%), from €50,351 to €41,310
- Other operating charges +€3,127
up €3,127 (+56.7%), from €5,513 to €8,639
- Financial charges +€865
up €865 (+741.1%), from €117 to €982
- Financial income -€848
down €848 (-77.3%), from €1,097 to €249
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,250 | €394,642 | +€7,393 | +1.9% |
| Fixed assets | 21/28 | €156,876 | €131,732 | -€25,144 | -16.0% |
| Tangible fixed assets | 22/27 | €156,876 | €131,732 | -€25,144 | -16.0% |
| Land and buildings | 22 | €114,023 | €94,790 | -€19,232 | -16.9% |
| Plant, machinery and equipment | 23 | €42,853 | €36,942 | -€5,911 | -13.8% |
| Current assets | 29/58 | €230,374 | €262,910 | +€32,536 | +14.1% |
| Amounts receivable within one year | 40/41 | €41,581 | €93,223 | +€51,642 | +124.2% |
| Trade receivables | 40 | €0 | €2,446 | +€2,446 | |
| Other amounts receivable | 41 | €41,581 | €90,777 | +€49,196 | +118.3% |
| Cash at bank and in hand | 54/58 | €188,745 | €169,687 | -€19,058 | -10.1% |
| Deferred charges and accrued income | 490/1 | €48 | €0 | -€48 | -100.0% |
| Total equity and liabilities | 10/49 | €387,250 | €394,642 | +€7,393 | +1.9% |
| Equity | 10/15 | €344,483 | €336,874 | -€7,609 | -2.2% |
| Contributions | 10/11 | €129,000 | €129,000 | = | 0.0% |
| Capital | 10 | €129,000 | €129,000 | = | 0.0% |
| Issued capital | 100 | €129,000 | €129,000 | = | 0.0% |
| Reserves | 13 | €215,483 | €215,483 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,900 | €12,900 | = | 0.0% |
| Legal reserve | 130 | €12,900 | €12,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,098 | €121,098 | = | 0.0% |
| Distributable reserves | 133 | €81,485 | €81,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,609 | -€7,609 | |
| Provisions and deferred taxes | 16 | €40,366 | €40,366 | = | 0.0% |
| Deferred taxes | 168 | €40,366 | €40,366 | = | 0.0% |
| Amounts payable | 17/49 | €2,401 | €17,403 | +€15,002 | +624.8% |
| Amounts payable within one year | 42/48 | €2,401 | €17,015 | +€14,614 | +608.7% |
| Trade debts | 44 | €2,316 | €2,577 | +€262 | +11.3% |
| Suppliers | 440/4 | €2,316 | €2,577 | +€262 | +11.3% |
| Taxes, remuneration and social security | 45 | €85 | €1,025 | +€940 | +1101.6% |
| Taxes | 450/3 | €85 | €1,025 | +€940 | +1101.6% |
| Other amounts payable | 47/48 | €0 | €13,413 | +€13,413 | |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,817 | €25,144 | +€327 | +1.3% |
| Other operating charges | 640/8 | €5,513 | €8,639 | +€3,127 | +56.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,351 | €41,310 | -€9,041 | -18.0% |
| Operating profit (loss) | 9901 | €20,021 | €7,527 | -€12,495 | -62.4% |
| Financial income | 75/76B | €1,097 | €249 | -€848 | -77.3% |
| Recurring financial income | 75 | €1,097 | €249 | -€848 | -77.3% |
| Financial charges | 65/66B | €117 | €982 | +€865 | +741.1% |
| Recurring financial charges | 65 | €117 | €982 | +€865 | +741.1% |
| Profit (loss) for the period before taxes | 9903 | €21,002 | €6,794 | -€14,208 | -67.7% |
| Income taxes | 67/77 | - | €14,403 | +€14,403 | |
| Profit (loss) for the period | 9904 | €21,002 | -€7,609 | -€28,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,002 | -€7,609 | -€28,610 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.