Therluxco: 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.
Therluxco
Largest movements
- Receivables within one year +€9,695
up €9,695 (+27.1%), from €35,742 to €45,437
of which Other amounts receivable: +€6,534
- Reserves +€46,734
up €46,734 (+26.8%), from €174,193 to €220,928
of which Distributable reserves: +€46,734
- Debts after one year -€30,000
down €30,000 (-7.3%), from €410,000 to €380,000
- Tax, wage and social debts +€12,041
up €12,041 (+206.7%), from €5,825 to €17,866
of which Taxes: +€9,112
- Trade debts -€8,410
down €8,410 (-64.8%), from €12,980 to €4,570
- Other debts -€8,050
down €8,050 (-9.1%), from €88,674 to €80,624
- Gross operating margin +€87,321
up €87,321 (+437.5%), from €19,959 to €107,281
- Depreciation +€22,551
up €22,551 (+1027.4%), from €2,195 to €24,746
- Taxes +€11,162
up €11,162 (+484.8%), from €2,303 to €13,464
- Financial charges +€10,713
up €10,713 (+119.5%), from €8,963 to €19,676
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 | €740,272 | €752,588 | +€12,316 | +1.7% |
| Fixed assets | 21/28 | €658,193 | €660,600 | +€2,407 | +0.4% |
| Tangible fixed assets | 22/27 | €658,193 | €660,600 | +€2,407 | +0.4% |
| Land and buildings | 22 | €642,111 | €644,134 | +€2,024 | +0.3% |
| Plant, machinery and equipment | 23 | €3,272 | €2,660 | -€611 | -18.7% |
| Furniture and vehicles | 24 | €12,810 | €13,805 | +€995 | +7.8% |
| Current assets | 29/58 | €82,079 | €91,988 | +€9,908 | +12.1% |
| Amounts receivable within one year | 40/41 | €35,742 | €45,437 | +€9,695 | +27.1% |
| Trade receivables | 40 | €22,034 | €25,194 | +€3,161 | +14.3% |
| Other amounts receivable | 41 | €13,708 | €20,242 | +€6,534 | +47.7% |
| Cash at bank and in hand | 54/58 | €44,168 | €45,416 | +€1,248 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,169 | €1,135 | -€1,034 | -47.7% |
| Total equity and liabilities | 10/49 | €740,272 | €752,588 | +€12,316 | +1.7% |
| Equity | 10/15 | €192,793 | €239,528 | +€46,734 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,193 | €220,928 | +€46,734 | +26.8% |
| Tax-exempt reserves | 132 | €311 | €311 | = | 0.0% |
| Distributable reserves | 133 | €173,882 | €220,616 | +€46,734 | +26.9% |
| Amounts payable | 17/49 | €547,479 | €513,060 | -€34,419 | -6.3% |
| Amounts payable after more than one year | 17 | €410,000 | €380,000 | -€30,000 | -7.3% |
| Financial debts | 170/4 | €410,000 | €380,000 | -€30,000 | -7.3% |
| Amounts payable within one year | 42/48 | €137,479 | €133,060 | -€4,419 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €12,980 | €4,570 | -€8,410 | -64.8% |
| Suppliers | 440/4 | €12,980 | €4,570 | -€8,410 | -64.8% |
| Taxes, remuneration and social security | 45 | €5,825 | €17,866 | +€12,041 | +206.7% |
| Taxes | 450/3 | €5,825 | €14,938 | +€9,112 | +156.4% |
| Remuneration and social security | 454/9 | - | €2,928 | +€2,928 | |
| Other amounts payable | 47/48 | €88,674 | €80,624 | -€8,050 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,195 | €24,746 | +€22,551 | +1027.4% |
| Other operating charges | 640/8 | €2,586 | €2,660 | +€74 | +2.9% |
| Gross operating margin | 9900 | €19,959 | €107,281 | +€87,321 | +437.5% |
| Operating profit (loss) | 9901 | €15,179 | €79,874 | +€64,696 | +426.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1900.0% |
| Financial charges | 65/66B | €8,963 | €19,676 | +€10,713 | +119.5% |
| Recurring financial charges | 65 | €8,963 | €19,676 | +€10,713 | +119.5% |
| Profit (loss) for the period before taxes | 9903 | €6,216 | €60,199 | +€53,983 | +868.5% |
| Income taxes | 67/77 | €2,303 | €13,464 | +€11,162 | +484.8% |
| Profit (loss) for the period | 9904 | €3,913 | €46,734 | +€42,821 | +1094.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,913 | €46,734 | +€42,821 | +1094.4% |
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.