THB1: 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.
THB1
Largest movements
- Receivables within one year +€63,124
up €63,124 (+1019.9%), from €6,190 to €69,313
of which Trade receivables: +€62,308
- Cash -€34,902
down €34,902 (-76.9%), from €45,393 to €10,491
mainly Receivables within one year (-€63,124) and Net result for the year (-€52,676)
- Deferred charges and accrued income -€14,921
down €14,921 (-100.0%), from €14,921 to €0
- Tangible fixed assets -€7,252
down €7,252 (-13.1%), from €55,522 to €48,270
of which Other tangible fixed assets: -€19,091
- Trade debts +€68,241
up €68,241 (+18.1%), from €376,659 to €444,900
- Profit (loss) carried forward -€52,676
down €52,676 (-14.0%), from -€377,186 to -€429,862
- Tax, wage and social debts -€13,594
down €13,594 (-32.6%), from €41,748 to €28,153
of which Remuneration and social security: -€10,023
- Debts after one year -€7,162
down €7,162 (-11.8%), from €60,580 to €53,418
- Current portion of long-term debt +€5,217
up €5,217 (+17.9%), from €29,078 to €34,295
- Gross operating margin +€38,880
up €38,880 (+14.9%), from €261,214 to €300,094
- Financial income +€21,006
up €21,006 (+17504600.0%), from €0 to €21,006
- Staff costs +€5,713
up €5,713 (+1.7%), from €338,023 to €343,736
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.
Cash bridge derived
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 | €138,134 | €144,800 | +€6,667 | +4.8% |
| Fixed assets | 21/28 | €62,292 | €55,040 | -€7,252 | -11.6% |
| Tangible fixed assets | 22/27 | €55,522 | €48,270 | -€7,252 | -13.1% |
| Land and buildings | 22 | - | €19,425 | +€19,425 | |
| Plant, machinery and equipment | 23 | €26,891 | €19,430 | -€7,461 | -27.7% |
| Furniture and vehicles | 24 | €9,540 | €9,416 | -€124 | -1.3% |
| Other tangible fixed assets | 26 | €19,091 | - | -€19,091 | |
| Financial fixed assets | 28 | €6,770 | €6,770 | = | 0.0% |
| Current assets | 29/58 | €75,841 | €89,760 | +€13,918 | +18.4% |
| Stocks and contracts in progress | 3 | €9,337 | €9,956 | +€618 | +6.6% |
| Stocks | 30/36 | €9,337 | €9,956 | +€618 | +6.6% |
| Amounts receivable within one year | 40/41 | €6,190 | €69,313 | +€63,124 | +1019.9% |
| Trade receivables | 40 | €3,190 | €65,498 | +€62,308 | +1953.5% |
| Other amounts receivable | 41 | €3,000 | €3,816 | +€816 | +27.2% |
| Cash at bank and in hand | 54/58 | €45,393 | €10,491 | -€34,902 | -76.9% |
| Deferred charges and accrued income | 490/1 | €14,921 | €0 | -€14,921 | -100.0% |
| Total equity and liabilities | 10/49 | €138,134 | €144,800 | +€6,667 | +4.8% |
| Equity | 10/15 | -€370,986 | -€423,662 | -€52,676 | -14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,186 | -€429,862 | -€52,676 | -14.0% |
| Amounts payable | 17/49 | €509,120 | €568,463 | +€59,343 | +11.7% |
| Amounts payable after more than one year | 17 | €60,580 | €53,418 | -€7,162 | -11.8% |
| Financial debts | 170/4 | €60,580 | €53,418 | -€7,162 | -11.8% |
| Amounts payable within one year | 42/48 | €447,484 | €510,124 | +€62,640 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €29,078 | €34,295 | +€5,217 | +17.9% |
| Financial debts | 43 | - | €2,776 | +€2,776 | |
| Credit institutions | 430/8 | - | €2,776 | +€2,776 | |
| Trade debts | 44 | €376,659 | €444,900 | +€68,241 | +18.1% |
| Suppliers | 440/4 | €376,659 | €444,900 | +€68,241 | +18.1% |
| Taxes, remuneration and social security | 45 | €41,748 | €28,153 | -€13,594 | -32.6% |
| Taxes | 450/3 | €3,572 | - | -€3,572 | |
| Remuneration and social security | 454/9 | €38,176 | €28,153 | -€10,023 | -26.3% |
| Accrued charges and deferred income | 492/3 | €1,056 | €4,921 | +€3,865 | +366.2% |
| Remuneration, social security and pensions | 62 | €338,023 | €343,736 | +€5,713 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,238 | €21,468 | -€770 | -3.5% |
| Other operating charges | 640/8 | €2,695 | €1,346 | -€1,349 | -50.1% |
| Gross operating margin | 9900 | €261,214 | €300,094 | +€38,880 | +14.9% |
| Operating profit (loss) | 9901 | -€101,742 | -€66,456 | +€35,286 | +34.7% |
| Financial income | 75/76B | €0 | €21,006 | +€21,006 | +17504600.0% |
| Recurring financial income | 75 | €0 | €21,006 | +€21,006 | +17504600.0% |
| Financial charges | 65/66B | €6,182 | €7,226 | +€1,044 | +16.9% |
| Recurring financial charges | 65 | €6,182 | €7,226 | +€1,044 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€107,924 | -€52,676 | +€55,247 | +51.2% |
| Profit (loss) for the period | 9904 | -€107,924 | -€52,676 | +€55,247 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,924 | -€52,676 | +€55,247 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.