THB: 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.
THB
Largest movements
- Current investments -€136,539
down €136,539 (-100.0%), from €136,539 to €0
- Receivables within one year -€11,951
down €11,951 (-12.9%), from €92,343 to €80,392
of which Trade receivables: -€12,000
- Debts after one year -€63,055
down €63,055 (-100.0%), from €63,055 to €0
- Other debts -€49,615
down €49,615 (-12.6%), from €395,331 to €345,717
- Current portion of long-term debt -€43,779
down €43,779 (-100.0%), from €43,779 to €0
- Reserves +€9,176
up €9,176 (+3.4%), from €273,841 to €283,018
of which Distributable reserves: +€9,176
- Gross operating margin -€6,023
down €6,023 (-24.4%), from €24,718 to €18,696
- Financial charges -€3,960
down €3,960 (-44.6%), from €8,870 to €4,910
- Other operating charges +€1,949
up €1,949 (+381.9%), from €510 to €2,459
- Financial income -€249
down €249 (-11.3%), from €2,199 to €1,950
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 | €840,437 | €692,337 | -€148,100 | -17.6% |
| Fixed assets | 21/28 | €611,365 | €611,365 | = | 0.0% |
| Financial fixed assets | 28 | €611,365 | €611,365 | = | 0.0% |
| Current assets | 29/58 | €229,072 | €80,972 | -€148,100 | -64.7% |
| Amounts receivable within one year | 40/41 | €92,343 | €80,392 | -€11,951 | -12.9% |
| Trade receivables | 40 | €72,000 | €60,000 | -€12,000 | -16.7% |
| Other amounts receivable | 41 | €20,343 | €20,392 | +€49 | +0.2% |
| Current investments | 50/53 | €136,539 | €0 | -€136,539 | -100.0% |
| Cash at bank and in hand | 54/58 | €190 | €580 | +€390 | +205.9% |
| Total equity and liabilities | 10/49 | €840,437 | €692,337 | -€148,100 | -17.6% |
| Equity | 10/15 | €333,241 | €342,418 | +€9,176 | +2.8% |
| Contributions | 10/11 | €59,400 | €59,400 | = | 0.0% |
| Reserves | 13 | €273,841 | €283,018 | +€9,176 | +3.4% |
| Non-distributable reserves | 130/1 | €4,700 | €4,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,700 | €4,700 | = | 0.0% |
| Distributable reserves | 133 | €269,141 | €278,318 | +€9,176 | +3.4% |
| Amounts payable | 17/49 | €507,196 | €349,919 | -€157,276 | -31.0% |
| Amounts payable after more than one year | 17 | €63,055 | €0 | -€63,055 | -100.0% |
| Financial debts | 170/4 | €63,055 | €0 | -€63,055 | -100.0% |
| Amounts payable within one year | 42/48 | €444,141 | €349,919 | -€94,222 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €43,779 | €0 | -€43,779 | -100.0% |
| Trade debts | 44 | €1,616 | €687 | -€929 | -57.5% |
| Suppliers | 440/4 | €1,616 | €687 | -€929 | -57.5% |
| Taxes, remuneration and social security | 45 | €3,415 | €3,515 | +€101 | +2.9% |
| Taxes | 450/3 | €3,415 | €3,515 | +€101 | +2.9% |
| Other amounts payable | 47/48 | €395,331 | €345,717 | -€49,615 | -12.6% |
| Other operating charges | 640/8 | €510 | €2,459 | +€1,949 | +381.9% |
| Gross operating margin | 9900 | €24,718 | €18,696 | -€6,023 | -24.4% |
| Operating profit (loss) | 9901 | €24,208 | €16,237 | -€7,972 | -32.9% |
| Financial income | 75/76B | €2,199 | €1,950 | -€249 | -11.3% |
| Recurring financial income | 75 | €2,199 | €1,950 | -€249 | -11.3% |
| Financial charges | 65/66B | €8,870 | €4,910 | -€3,960 | -44.6% |
| Recurring financial charges | 65 | €8,870 | €4,910 | -€3,960 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €17,538 | €13,277 | -€4,261 | -24.3% |
| Income taxes | 67/77 | €4,074 | €4,100 | +€26 | +0.6% |
| Profit (loss) for the period | 9904 | €13,463 | €9,176 | -€4,287 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,463 | €9,176 | -€4,287 | -31.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.