THAZIRI: 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.
THAZIRI
Largest movements
- Cash -€33,165
down €33,165 (-32.9%), from €100,957 to €67,791
mainly Stocks and contracts (-€13,085) and Net result for the year (-€11,034)
- Stocks and contracts +€13,085
up €13,085 (+299.8%), from €4,365 to €17,450
- Receivables within one year +€8,348
up €8,348 (+369.0%), from €2,262 to €10,610
of which Other amounts receivable: +€7,132
- Profit (loss) carried forward -€11,034
down €11,034 (-16.0%), from €69,022 to €57,988
- Tax, wage and social debts -€1,963
down €1,963 (-9.8%), from €20,063 to €18,101
of which Taxes: -€8,597
- Trade debts +€1,264
up €1,264 (+12.0%), from €10,572 to €11,836
- Gross operating margin -€27,560
down €27,560 (-47.7%), from €57,830 to €30,270
- Other operating charges -€6,102
down €6,102 (-89.7%), from €6,804 to €702
- Staff costs +€6,022
up €6,022 (+18.1%), from €33,313 to €39,336
- Taxes -€5,832
no longer reported in 2025 (was €5,832)
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 | €107,584 | €95,851 | -€11,733 | -10.9% |
| Current assets | 29/58 | €107,584 | €95,851 | -€11,733 | -10.9% |
| Stocks and contracts in progress | 3 | €4,365 | €17,450 | +€13,085 | +299.8% |
| Stocks | 30/36 | €4,365 | €17,450 | +€13,085 | +299.8% |
| Amounts receivable within one year | 40/41 | €2,262 | €10,610 | +€8,348 | +369.0% |
| Trade receivables | 40 | - | €1,215 | +€1,215 | |
| Other amounts receivable | 41 | €2,262 | €9,394 | +€7,132 | +315.3% |
| Cash at bank and in hand | 54/58 | €100,957 | €67,791 | -€33,165 | -32.9% |
| Total equity and liabilities | 10/49 | €107,584 | €95,851 | -€11,733 | -10.9% |
| Equity | 10/15 | €76,948 | €65,915 | -€11,034 | -14.3% |
| Contributions | 10/11 | €7,927 | €7,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,022 | €57,988 | -€11,034 | -16.0% |
| Amounts payable | 17/49 | €30,635 | €29,936 | -€699 | -2.3% |
| Amounts payable within one year | 42/48 | €30,635 | €29,936 | -€699 | -2.3% |
| Trade debts | 44 | €10,572 | €11,836 | +€1,264 | +12.0% |
| Suppliers | 440/4 | €10,572 | €11,836 | +€1,264 | +12.0% |
| Taxes, remuneration and social security | 45 | €20,063 | €18,101 | -€1,963 | -9.8% |
| Taxes | 450/3 | €16,489 | €7,892 | -€8,597 | -52.1% |
| Remuneration and social security | 454/9 | €3,574 | €10,209 | +€6,635 | +185.6% |
| Remuneration, social security and pensions | 62 | €33,313 | €39,336 | +€6,022 | +18.1% |
| Other operating charges | 640/8 | €6,804 | €702 | -€6,102 | -89.7% |
| Gross operating margin | 9900 | €57,830 | €30,270 | -€27,560 | -47.7% |
| Operating profit (loss) | 9901 | €17,712 | -€9,768 | -€27,480 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €1,312 | €1,280 | -€32 | -2.4% |
| Recurring financial charges | 65 | €1,312 | €1,280 | -€32 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €16,401 | -€11,034 | -€27,434 | |
| Income taxes | 67/77 | €5,832 | - | -€5,832 | |
| Profit (loss) for the period | 9904 | €10,568 | -€11,034 | -€21,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,568 | -€11,034 | -€21,602 |
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 2 October 2026 via checked.be.