THAYD HOLDING: 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.
THAYD HOLDING
Largest movements
- Receivables within one year +€166,549
up €166,549 (+28,393%), from €587 to €167,135
of which Trade receivables: +€167,000
- Cash +€19,575
up €19,575 (+2,816%), from €695 to €20,270
mainly Net result for the year (+€99,015) and Trade debts (+€49,453)
- Financial fixed assets +€3,060
up €3,060 (+102%), from €3,000 to €6,060
- Profit (loss) carried forward +€99,015
up €99,015, from -€3,744 to €95,270
- Trade debts +€49,453
up €49,453 (+8,153%), from €607 to €50,060
- Tax, wage and social debts +€34,716
new in 2025: €34,716
of which Taxes: +€25,791
- Other debts +€4,000
up €4,000 (+53.9%), from €7,419 to €11,419
- Contributions +€2,000
new in 2025: €2,000
- Gross operating margin +€128,607
up €128,607, from -€3,616 to €124,991
- Taxes +€25,791
new in 2025: €25,791
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 | €4,282 | €193,465 | +€189,183 | +4,418% |
| Fixed assets | 21/28 | €3,000 | €6,060 | +€3,060 | +102% |
| Financial fixed assets | 28 | €3,000 | €6,060 | +€3,060 | +102% |
| Current assets | 29/58 | €1,282 | €187,405 | +€186,123 | +14,522% |
| Amounts receivable within one year | 40/41 | €587 | €167,135 | +€166,549 | +28,393% |
| Trade receivables | 40 | - | €167,000 | +€167,000 | |
| Other amounts receivable | 41 | €587 | €135 | -€451 | -76.9% |
| Cash at bank and in hand | 54/58 | €695 | €20,270 | +€19,575 | +2,816% |
| Total equity and liabilities | 10/49 | €4,282 | €193,465 | +€189,183 | +4,418% |
| Equity | 10/15 | -€3,744 | €97,270 | +€101,015 | |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€3,744 | €95,270 | +€99,015 | |
| Amounts payable | 17/49 | €8,026 | €96,195 | +€88,169 | +1,099% |
| Amounts payable within one year | 42/48 | €8,026 | €96,195 | +€88,169 | +1,099% |
| Trade debts | 44 | €607 | €50,060 | +€49,453 | +8,153% |
| Suppliers | 440/4 | €607 | €50,060 | +€49,453 | +8,153% |
| Taxes, remuneration and social security | 45 | - | €34,716 | +€34,716 | |
| Taxes | 450/3 | - | €25,791 | +€25,791 | |
| Remuneration and social security | 454/9 | - | €8,924 | +€8,924 | |
| Other amounts payable | 47/48 | €7,419 | €11,419 | +€4,000 | +53.9% |
| Gross operating margin | 9900 | -€3,616 | €124,991 | +€128,607 | |
| Operating profit (loss) | 9901 | -€3,616 | €124,991 | +€128,607 | |
| Financial charges | 65/66B | €129 | €186 | +€57 | +44.4% |
| Recurring financial charges | 65 | €129 | €186 | +€57 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,744 | €124,806 | +€128,550 | |
| Income taxes | 67/77 | - | €25,791 | +€25,791 | |
| Profit (loss) for the period | 9904 | -€3,744 | €99,015 | +€102,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,744 | €99,015 | +€102,759 |
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.