THC Corporate: 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.
THC Corporate
Largest movements
- Tangible fixed assets +€7,774
new in 2025: €7,774
- Receivables within one year +€1,631
up €1,631 (+1224.7%), from €133 to €1,764
- Cash +€627
up €627 (+94.5%), from €664 to €1,292
mainly Other debts (+€18,670) and Depreciation (+€431)
- Other debts +€18,670
up €18,670 (+300.6%), from €6,210 to €24,880
- Profit (loss) carried forward -€6,636
down €6,636 (-23.6%), from -€28,078 to -€34,713
- Trade debts -€2,002
down €2,002 (-90.8%), from €2,205 to €203
- Gross operating margin +€1,080
up €1,080 (+15.2%), from -€7,128 to -€6,048
- Depreciation +€431
new in 2025: €431
- Other operating charges -€413
no longer reported in 2025 (was €413)
- Taxes +€375
no longer reported in 2025 (was -€375)
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 | €797 | €10,830 | +€10,032 | +1258.1% |
| Fixed assets | 21/28 | - | €7,774 | +€7,774 | |
| Tangible fixed assets | 22/27 | - | €7,774 | +€7,774 | |
| Other tangible fixed assets | 26 | - | €7,774 | +€7,774 | |
| Current assets | 29/58 | €797 | €3,056 | +€2,258 | +283.2% |
| Amounts receivable within one year | 40/41 | €133 | €1,764 | +€1,631 | +1224.7% |
| Other amounts receivable | 41 | €133 | €1,764 | +€1,631 | +1224.7% |
| Cash at bank and in hand | 54/58 | €664 | €1,292 | +€627 | +94.5% |
| Total equity and liabilities | 10/49 | €797 | €10,830 | +€10,032 | +1258.1% |
| Equity | 10/15 | -€7,618 | -€14,253 | -€6,636 | -87.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,078 | -€34,713 | -€6,636 | -23.6% |
| Amounts payable | 17/49 | €8,415 | €25,083 | +€16,668 | +198.1% |
| Amounts payable within one year | 42/48 | €8,415 | €25,083 | +€16,668 | +198.1% |
| Trade debts | 44 | €2,205 | €203 | -€2,002 | -90.8% |
| Suppliers | 440/4 | €2,205 | €203 | -€2,002 | -90.8% |
| Other amounts payable | 47/48 | €6,210 | €24,880 | +€18,670 | +300.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €431 | +€431 | |
| Other operating charges | 640/8 | €413 | - | -€413 | |
| Gross operating margin | 9900 | -€7,128 | -€6,048 | +€1,080 | +15.2% |
| Operating profit (loss) | 9901 | -€7,541 | -€6,478 | +€1,062 | +14.1% |
| Financial charges | 65/66B | €135 | €157 | +€22 | +16.5% |
| Recurring financial charges | 65 | €135 | €157 | +€22 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,676 | -€6,636 | +€1,040 | +13.6% |
| Income taxes | 67/77 | -€375 | - | +€375 | |
| Profit (loss) for the period | 9904 | -€7,301 | -€6,636 | +€665 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,301 | -€6,636 | +€665 | +9.1% |
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 7 October 2026 via checked.be.