Thalisa Devos: 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.
Thalisa Devos
Largest movements
- Cash -€14,590
down €14,590 (-28.4%), from €51,407 to €36,817
mainly Tax, wage and social debts (-€17,539) and Other debts (-€6,790)
- Receivables within one year +€4,713
up €4,713 (+71.9%), from €6,552 to €11,265
of which Trade receivables: +€3,570
- Tangible fixed assets -€3,424
down €3,424 (-19.5%), from €17,568 to €14,145
of which Furniture and vehicles: -€4,500
- Tax, wage and social debts -€17,539
down €17,539 (-86.7%), from €20,224 to €2,685
- Other debts -€6,790
down €6,790 (-36.3%), from €18,716 to €11,926
- Trade debts +€5,333
up €5,333 (+493%), from €1,082 to €6,415
- Reserves +€4,824
up €4,824 (+14.7%), from €32,878 to €37,701
- Gross operating margin -€27,091
down €27,091 (-61.8%), from €43,829 to €16,738
- Taxes -€4,401
down €4,401 (-47.5%), from €9,259 to €4,857
- Depreciation +€4,225
up €4,225 (+979%), from €432 to €4,656
- Other operating charges +€1,123
up €1,123 (+290%), from €387 to €1,510
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 | €75,900 | €62,227 | -€13,673 | -18.0% |
| Fixed assets | 21/28 | €17,569 | €14,145 | -€3,424 | -19.5% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -10.1% |
| Tangible fixed assets | 22/27 | €17,568 | €14,145 | -€3,424 | -19.5% |
| Land and buildings | 22 | - | €1,076 | +€1,076 | |
| Furniture and vehicles | 24 | €17,568 | €13,068 | -€4,500 | -25.6% |
| Current assets | 29/58 | €58,330 | €48,082 | -€10,249 | -17.6% |
| Amounts receivable within one year | 40/41 | €6,552 | €11,265 | +€4,713 | +71.9% |
| Trade receivables | 40 | €6,552 | €10,123 | +€3,570 | +54.5% |
| Other amounts receivable | 41 | - | €1,143 | +€1,143 | |
| Cash at bank and in hand | 54/58 | €51,407 | €36,817 | -€14,590 | -28.4% |
| Deferred charges and accrued income | 490/1 | €371 | - | -€371 | |
| Total equity and liabilities | 10/49 | €75,900 | €62,227 | -€13,673 | -18.0% |
| Equity | 10/15 | €35,878 | €40,701 | +€4,824 | +13.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,878 | €37,701 | +€4,824 | +14.7% |
| Distributable reserves | 133 | €32,878 | €37,701 | +€4,824 | +14.7% |
| Amounts payable | 17/49 | €40,022 | €21,526 | -€18,496 | -46.2% |
| Amounts payable within one year | 42/48 | €40,022 | €21,026 | -€18,996 | -47.5% |
| Trade debts | 44 | €1,082 | €6,415 | +€5,333 | +493% |
| Suppliers | 440/4 | €1,082 | €6,415 | +€5,333 | +493% |
| Taxes, remuneration and social security | 45 | €20,224 | €2,685 | -€17,539 | -86.7% |
| Taxes | 450/3 | €20,224 | €2,685 | -€17,539 | -86.7% |
| Other amounts payable | 47/48 | €18,716 | €11,926 | -€6,790 | -36.3% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €4,656 | +€4,225 | +979% |
| Other operating charges | 640/8 | €387 | €1,510 | +€1,123 | +290% |
| Gross operating margin | 9900 | €43,829 | €16,738 | -€27,091 | -61.8% |
| Operating profit (loss) | 9901 | €43,010 | €10,572 | -€32,438 | -75.4% |
| Financial charges | 65/66B | €15 | €59 | +€44 | +291% |
| Recurring financial charges | 65 | €15 | €59 | +€44 | +291% |
| Profit (loss) for the period before taxes | 9903 | €42,995 | €10,514 | -€32,482 | -75.5% |
| Income taxes | 67/77 | €9,259 | €4,857 | -€4,401 | -47.5% |
| Profit (loss) for the period | 9904 | €33,737 | €5,657 | -€28,080 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,737 | €5,657 | -€28,080 | -83.2% |
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 15 October 2026 via checked.be.