ThaSiLu: 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.
ThaSiLu
Largest movements
- Stocks and contracts +€37,224
up €37,224 (+16.7%), from €222,855 to €260,079
- Cash -€31,612
down €31,612 (-62.0%), from €50,978 to €19,365
mainly Tax, wage and social debts (-€43,224) and Stocks and contracts (-€37,224)
- Receivables within one year +€29,214
up €29,214 (+72.3%), from €40,410 to €69,624
of which Other amounts receivable: +€24,985
- Profit (loss) carried forward +€45,080
up €45,080 (+21.0%), from €214,595 to €259,674
- Tax, wage and social debts -€43,224
down €43,224 (-63.7%), from €67,904 to €24,679
of which Taxes: -€44,133
- Trade debts +€33,717
up €33,717 (+113.1%), from €29,801 to €63,518
- Gross operating margin +€33,309
up €33,309 (+41.7%), from €79,818 to €113,127
- Taxes +€7,777
up €7,777 (+68.0%), from €11,432 to €19,208
- Staff costs +€3,190
up €3,190 (+7.4%), from €43,032 to €46,222
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 | €322,969 | €358,784 | +€35,815 | +11.1% |
| Fixed assets | 21/28 | €7,500 | €7,500 | = | 0.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €315,469 | €351,284 | +€35,815 | +11.4% |
| Stocks and contracts in progress | 3 | €222,855 | €260,079 | +€37,224 | +16.7% |
| Stocks | 30/36 | €222,855 | €260,079 | +€37,224 | +16.7% |
| Amounts receivable within one year | 40/41 | €40,410 | €69,624 | +€29,214 | +72.3% |
| Trade receivables | 40 | €6 | €4,235 | +€4,229 | +72422.3% |
| Other amounts receivable | 41 | €40,404 | €65,388 | +€24,985 | +61.8% |
| Cash at bank and in hand | 54/58 | €50,978 | €19,365 | -€31,612 | -62.0% |
| Deferred charges and accrued income | 490/1 | €1,227 | €2,217 | +€990 | +80.7% |
| Total equity and liabilities | 10/49 | €322,969 | €358,784 | +€35,815 | +11.1% |
| Equity | 10/15 | €217,595 | €262,674 | +€45,080 | +20.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,595 | €259,674 | +€45,080 | +21.0% |
| Amounts payable | 17/49 | €105,374 | €96,110 | -€9,264 | -8.8% |
| Amounts payable within one year | 42/48 | €105,374 | €96,110 | -€9,264 | -8.8% |
| Trade debts | 44 | €29,801 | €63,518 | +€33,717 | +113.1% |
| Suppliers | 440/4 | €29,801 | €63,518 | +€33,717 | +113.1% |
| Advances received on contracts in progress | 46 | €7,669 | €7,912 | +€243 | +3.2% |
| Taxes, remuneration and social security | 45 | €67,904 | €24,679 | -€43,224 | -63.7% |
| Taxes | 450/3 | €63,066 | €18,934 | -€44,133 | -70.0% |
| Remuneration and social security | 454/9 | €4,838 | €5,746 | +€908 | +18.8% |
| Remuneration, social security and pensions | 62 | €43,032 | €46,222 | +€3,190 | +7.4% |
| Other operating charges | 640/8 | €2,792 | €1,727 | -€1,065 | -38.1% |
| Gross operating margin | 9900 | €79,818 | €113,127 | +€33,309 | +41.7% |
| Operating profit (loss) | 9901 | €33,994 | €65,178 | +€31,184 | +91.7% |
| Financial income | 75/76B | €416 | €1,428 | +€1,012 | +242.9% |
| Recurring financial income | 75 | €416 | €1,428 | +€1,012 | +242.9% |
| Financial charges | 65/66B | €2,016 | €2,318 | +€303 | +15.0% |
| Recurring financial charges | 65 | €2,016 | €2,318 | +€303 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €32,394 | €64,288 | +€31,893 | +98.5% |
| Income taxes | 67/77 | €11,432 | €19,208 | +€7,777 | +68.0% |
| Profit (loss) for the period | 9904 | €20,963 | €45,080 | +€24,117 | +115.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,963 | €45,080 | +€24,117 | +115.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.