THASTEL: 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.
"THASTEL"
Largest movements
- Receivables within one year +€50,108
up €50,108 (+11.0%), from €455,598 to €505,706
of which Trade receivables: +€48,856
- Tangible fixed assets -€16,217
down €16,217 (-34.8%), from €46,564 to €30,347
of which Furniture and vehicles: -€11,890
- Cash -€5,887
down €5,887 (-78.7%), from €7,477 to €1,591
mainly Receivables within one year (-€50,108) and Trade debts (-€32,546)
- Other debts +€39,774
up €39,774 (+82.8%), from €48,028 to €87,802
- Trade debts -€32,546
down €32,546 (-20.0%), from €163,110 to €130,564
- Profit (loss) carried forward +€27,498
up €27,498 (+11.8%), from €232,851 to €260,349
- Debts after one year -€26,393
no longer reported in 2024 (was €26,393)
- Current portion of long-term debt +€13,821
new in 2024: €13,821
- Gross operating margin -€53,604
down €53,604 (-43.8%), from €122,445 to €68,841
- Taxes -€13,073
down €13,073 (-58.6%), from €22,294 to €9,221
- Financial charges +€6,877
up €6,877 (+474%), from €1,450 to €8,327
- Depreciation +€2,671
up €2,671 (+19.7%), from €13,546 to €16,217
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.
Derived cash bridge
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 | €512,803 | €543,707 | +€30,904 | +6.0% |
| Fixed assets | 21/28 | €47,177 | €30,960 | -€16,217 | -34.4% |
| Tangible fixed assets | 22/27 | €46,564 | €30,347 | -€16,217 | -34.8% |
| Plant, machinery and equipment | 23 | €12,042 | €7,714 | -€4,328 | -35.9% |
| Furniture and vehicles | 24 | €34,522 | €22,633 | -€11,890 | -34.4% |
| Financial fixed assets | 28 | €613 | €613 | = | 0.0% |
| Current assets | 29/58 | €465,626 | €512,747 | +€47,122 | +10.1% |
| Stocks and contracts in progress | 3 | €435 | €435 | = | 0.0% |
| Stocks | 30/36 | €435 | €435 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €455,598 | €505,706 | +€50,108 | +11.0% |
| Trade receivables | 40 | €450,689 | €499,545 | +€48,856 | +10.8% |
| Other amounts receivable | 41 | €4,909 | €6,161 | +€1,252 | +25.5% |
| Current investments | 50/53 | - | €1,498 | +€1,498 | |
| Cash at bank and in hand | 54/58 | €7,477 | €1,591 | -€5,887 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,115 | €3,517 | +€1,402 | +66.3% |
| Total equity and liabilities | 10/49 | €512,803 | €543,707 | +€30,904 | +6.0% |
| Equity | 10/15 | €250,799 | €278,297 | +€27,498 | +11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,948 | €12,948 | = | 0.0% |
| Distributable reserves | 133 | €12,948 | €12,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,851 | €260,349 | +€27,498 | +11.8% |
| Amounts payable | 17/49 | €262,004 | €265,410 | +€3,406 | +1.3% |
| Amounts payable after more than one year | 17 | €26,393 | - | -€26,393 | |
| Financial debts | 170/4 | €26,393 | - | -€26,393 | |
| Amounts payable within one year | 42/48 | €235,611 | €259,963 | +€24,352 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,821 | +€13,821 | |
| Trade debts | 44 | €163,110 | €130,564 | -€32,546 | -20.0% |
| Suppliers | 440/4 | €163,110 | €130,564 | -€32,546 | -20.0% |
| Taxes, remuneration and social security | 45 | €24,472 | €27,776 | +€3,303 | +13.5% |
| Taxes | 450/3 | €24,472 | €23,516 | -€957 | -3.9% |
| Remuneration and social security | 454/9 | - | €4,260 | +€4,260 | |
| Other amounts payable | 47/48 | €48,028 | €87,802 | +€39,774 | +82.8% |
| Accrued charges and deferred income | 492/3 | - | €5,447 | +€5,447 | |
| Remuneration, social security and pensions | 62 | €5,678 | €5,007 | -€671 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €16,217 | +€2,671 | +19.7% |
| Other operating charges | 640/8 | €2,566 | €2,570 | +€4 | +0.2% |
| Gross operating margin | 9900 | €122,445 | €68,841 | -€53,604 | -43.8% |
| Operating profit (loss) | 9901 | €100,654 | €45,046 | -€55,608 | -55.2% |
| Financial income | 75/76B | €380 | €0 | -€380 | -99.9% |
| Recurring financial income | 75 | €380 | €0 | -€380 | -99.9% |
| Financial charges | 65/66B | €1,450 | €8,327 | +€6,877 | +474% |
| Recurring financial charges | 65 | €1,450 | €8,327 | +€6,877 | +474% |
| Profit (loss) for the period before taxes | 9903 | €99,585 | €36,720 | -€62,865 | -63.1% |
| Income taxes | 67/77 | €22,294 | €9,221 | -€13,073 | -58.6% |
| Profit (loss) for the period | 9904 | €77,291 | €27,498 | -€49,792 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,291 | €27,498 | -€49,792 | -64.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.