THD-INTERNATIONAL: what changed
Two financial 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.
THD-INTERNATIONAL
Largest movements
- Receivables within one year -€420,444
down €420,444 (-98.6%), from €426,615 to €6,171
of which Other amounts receivable: -€419,174
- Other debts -€405,511
down €405,511 (-49.9%), from €813,125 to €407,613
- Financial charges +€2,347
up €2,347 (+2085.2%), from €113 to €2,459
- Taxes -€1,276
down €1,276 (-60.1%), from €2,124 to €847
- Gross operating margin -€129
down €129 (-2.6%), from €4,980 to €4,852
- Other operating charges +€57
up €57 (+6.3%), from €900 to €956
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 | €1,077,912 | €657,230 | -€420,682 | -39.0% |
| Fixed assets | 21/28 | €650,000 | €650,000 | = | 0.0% |
| Financial fixed assets | 28 | €650,000 | €650,000 | = | 0.0% |
| Current assets | 29/58 | €427,912 | €7,230 | -€420,682 | -98.3% |
| Amounts receivable within one year | 40/41 | €426,615 | €6,171 | -€420,444 | -98.6% |
| Trade receivables | 40 | €6,080 | €4,809 | -€1,270 | -20.9% |
| Other amounts receivable | 41 | €420,536 | €1,362 | -€419,174 | -99.7% |
| Cash at bank and in hand | 54/58 | €1,297 | €1,059 | -€238 | -18.3% |
| Total equity and liabilities | 10/49 | €1,077,912 | €657,230 | -€420,682 | -39.0% |
| Equity | 10/15 | €218,377 | €218,968 | +€590 | +0.3% |
| Contributions | 10/11 | €107,900 | €107,900 | = | 0.0% |
| Capital | 10 | €107,900 | - | -€107,900 | |
| Issued capital | 100 | €107,900 | - | -€107,900 | |
| Reserves | 13 | €10,790 | €10,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,790 | €10,790 | = | 0.0% |
| Legal reserve | 130 | €10,790 | - | -€10,790 | |
| Reserves not available under the articles | 1311 | - | €10,790 | +€10,790 | |
| Profit (loss) carried forward | 14 | €99,687 | €100,278 | +€590 | +0.6% |
| Amounts payable | 17/49 | €859,535 | €438,262 | -€421,272 | -49.0% |
| Amounts payable after more than one year | 17 | €618 | - | -€618 | |
| Other amounts payable | 178/9 | €618 | - | -€618 | |
| Amounts payable within one year | 42/48 | €858,916 | €438,262 | -€420,654 | -49.0% |
| Financial debts | 43 | €5,746 | - | -€5,746 | |
| Credit institutions | 430/8 | €5,746 | - | -€5,746 | |
| Trade debts | 44 | €40,046 | €30,229 | -€9,817 | -24.5% |
| Suppliers | 440/4 | €40,046 | €30,229 | -€9,817 | -24.5% |
| Taxes, remuneration and social security | 45 | - | €420 | +€420 | |
| Taxes | 450/3 | - | €420 | +€420 | |
| Other amounts payable | 47/48 | €813,125 | €407,613 | -€405,511 | -49.9% |
| Other operating charges | 640/8 | €900 | €956 | +€57 | +6.3% |
| Gross operating margin | 9900 | €4,980 | €4,852 | -€129 | -2.6% |
| Operating profit (loss) | 9901 | €4,081 | €3,896 | -€185 | -4.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €113 | €2,459 | +€2,347 | +2085.2% |
| Recurring financial charges | 65 | €113 | €2,459 | +€2,347 | +2085.2% |
| Profit (loss) for the period before taxes | 9903 | €3,968 | €1,437 | -€2,531 | -63.8% |
| Income taxes | 67/77 | €2,124 | €847 | -€1,276 | -60.1% |
| Profit (loss) for the period | 9904 | €1,845 | €590 | -€1,255 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,845 | €590 | -€1,255 | -68.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.