THALSOINS: 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.
THALSOINS
Largest movements
- Receivables within one year -€54,041
down €54,041 (-22.1%), from €244,335 to €190,294
- Cash +€5,671
up €5,671 (+4839.2%), from €117 to €5,788
mainly Receivables within one year (+€54,041)
- Debts within one year -€36,412
down €36,412 (-94.0%), from €38,723 to €2,310
- Equity -€11,958
down €11,958 (-6.2%), from €191,730 to €179,772
of which Contributions: -€12,400
- Gross operating margin -€11,626
down €11,626, from €10,898 to -€728
- Depreciation -€2,125
no longer reported in 2020 (was €2,125)
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,453 | €196,082 | -€48,371 | -19.8% |
| Current assets | 29/58 | €244,453 | €196,082 | -€48,371 | -19.8% |
| Amounts receivable within one year | 40/41 | €244,335 | €190,294 | -€54,041 | -22.1% |
| Cash at bank and in hand | 54/58 | €117 | €5,788 | +€5,671 | +4839.2% |
| Total equity and liabilities | 10/49 | €244,453 | €196,082 | -€48,371 | -19.8% |
| Equity | 10/15 | €191,730 | €179,772 | -€11,958 | -6.2% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €43,498 | €43,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,832 | €123,874 | -€11,958 | -8.8% |
| Provisions and deferred taxes | 16 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable | 17/49 | €38,723 | €2,310 | -€36,412 | -94.0% |
| Amounts payable within one year | 42/48 | €38,723 | €2,310 | -€36,412 | -94.0% |
| Trade debts | 44 | €7,606 | - | -€7,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125 | - | -€2,125 | |
| Gross operating margin | 9900 | €10,898 | -€728 | -€11,626 | |
| Operating profit (loss) | 9901 | €7,367 | -€2,381 | -€9,748 | |
| Recurring financial charges | 65 | €1,270 | €6,196 | +€4,926 | +387.9% |
| Profit (loss) for the period before taxes | 9903 | €6,097 | -€8,576 | -€14,673 | |
| Income taxes | 67/77 | €3,410 | €3,382 | -€28 | -0.8% |
| Profit (loss) for the period | 9904 | €2,687 | -€11,958 | -€14,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,687 | -€11,958 | -€14,645 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2019 and 30 September 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.