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
- Cash -€9,290
down €9,290 (-32.7%), from €28,443 to €19,153
mainly Other debts (-€3,041) and Trade debts (-€2,465)
- Other debts -€3,041
down €3,041 (-20.3%), from €15,015 to €11,974
- Trade debts -€2,465
down €2,465 (-15.4%), from €16,045 to €13,579
- Debts after one year -€2,000
down €2,000 (-25.0%), from €8,000 to €6,000
- Tax, wage and social debts -€1,459
down €1,459 (-54.4%), from €2,681 to €1,223
- Other operating charges -€3,743
down €3,743 (-84.8%), from €4,412 to €669
- Write-downs +€2,843
no longer reported in 2025 (was -€2,843)
- Gross operating margin -€2,784
down €2,784 (-70.6%), from €3,943 to €1,159
- Taxes -€464
down €464 (-43.2%), from €1,075 to €611
- Financial charges -€75
down €75 (-31.9%), from €236 to €161
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 | €76,645 | €67,814 | -€8,831 | -11.5% |
| Current assets | 29/58 | €76,645 | €67,814 | -€8,831 | -11.5% |
| Amounts receivable after more than one year | 29 | €16,119 | €16,509 | +€390 | +2.4% |
| Other amounts receivable | 291 | €16,119 | €16,509 | +€390 | +2.4% |
| Stocks and contracts in progress | 3 | €8,499 | €8,293 | -€206 | -2.4% |
| Stocks | 30/36 | €8,499 | €8,293 | -€206 | -2.4% |
| Amounts receivable within one year | 40/41 | €23,359 | €23,692 | +€333 | +1.4% |
| Trade receivables | 40 | €11,258 | €10,651 | -€607 | -5.4% |
| Other amounts receivable | 41 | €12,100 | €13,041 | +€941 | +7.8% |
| Cash at bank and in hand | 54/58 | €28,443 | €19,153 | -€9,290 | -32.7% |
| Deferred charges and accrued income | 490/1 | €225 | €168 | -€58 | -25.7% |
| Total equity and liabilities | 10/49 | €76,645 | €67,814 | -€8,831 | -11.5% |
| Equity | 10/15 | €34,903 | €35,038 | +€135 | +0.4% |
| Contributions | 10/11 | €1,648 | €1,648 | = | 0.0% |
| Reserves | 13 | €33,255 | €33,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €494 | €494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €494 | €494 | = | 0.0% |
| Distributable reserves | 133 | €32,760 | €32,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €135 | +€135 | |
| Amounts payable | 17/49 | €41,742 | €32,776 | -€8,966 | -21.5% |
| Amounts payable after more than one year | 17 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Other amounts payable | 178/9 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Amounts payable within one year | 42/48 | €33,740 | €26,776 | -€6,965 | -20.6% |
| Trade debts | 44 | €16,045 | €13,579 | -€2,465 | -15.4% |
| Suppliers | 440/4 | €16,045 | €13,579 | -€2,465 | -15.4% |
| Taxes, remuneration and social security | 45 | €2,681 | €1,223 | -€1,459 | -54.4% |
| Taxes | 450/3 | €2,681 | €1,223 | -€1,459 | -54.4% |
| Other amounts payable | 47/48 | €15,015 | €11,974 | -€3,041 | -20.3% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,843 | - | +€2,843 | |
| Other operating charges | 640/8 | €4,412 | €669 | -€3,743 | -84.8% |
| Gross operating margin | 9900 | €3,943 | €1,159 | -€2,784 | -70.6% |
| Operating profit (loss) | 9901 | €2,373 | €490 | -€1,884 | -79.4% |
| Financial income | 75/76B | €402 | €417 | +€15 | +3.8% |
| Recurring financial income | 75 | €402 | €417 | +€15 | +3.8% |
| Financial charges | 65/66B | €236 | €161 | -€75 | -31.9% |
| Recurring financial charges | 65 | €236 | €161 | -€75 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €2,539 | €746 | -€1,793 | -70.6% |
| Income taxes | 67/77 | €1,075 | €611 | -€464 | -43.2% |
| Profit (loss) for the period | 9904 | €1,464 | €135 | -€1,329 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,464 | €135 | -€1,329 | -90.8% |
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 6 October 2026 via checked.be.