THEYS: 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.
THEYS
Largest movements
- Tangible fixed assets -€8,599
down €8,599 (-1.7%), from €520,368 to €511,769
of which Furniture and vehicles: -€9,983
- Trade debts +€8,865
up €8,865 (+735.9%), from €1,205 to €10,070
- Reserves -€6,381
down €6,381 (-9.1%), from €70,479 to €64,098
of which Distributable reserves: -€6,381
- Turnover +€84,472
up €84,472 (+711.6%), from €11,870 to €96,343
- Financial income -€22,689
no longer reported in 2025 (was €22,689)
of which Financial income: -€22,689
- Purchases and services +€19,757
up €19,757 (+59.4%), from €33,264 to €53,021
- Depreciation +€1,679
up €1,679 (+3.3%), from €50,595 to €52,274
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 | €573,917 | €575,454 | +€1,537 | +0.3% |
| Fixed assets | 21/28 | €520,368 | €511,769 | -€8,599 | -1.7% |
| Tangible fixed assets | 22/27 | €520,368 | €511,769 | -€8,599 | -1.7% |
| Land and buildings | 22 | €500,194 | €501,578 | +€1,384 | +0.3% |
| Furniture and vehicles | 24 | €20,174 | €10,191 | -€9,983 | -49.5% |
| Current assets | 29/58 | €53,548 | €63,684 | +€10,136 | +18.9% |
| Stocks and contracts in progress | 3 | €1,591 | €4,514 | +€2,923 | +183.7% |
| Stocks | 30/36 | €1,591 | €4,514 | +€2,923 | +183.7% |
| Amounts receivable within one year | 40/41 | €879 | €3,689 | +€2,810 | +319.8% |
| Trade receivables | 40 | - | €3,392 | +€3,392 | |
| Other amounts receivable | 41 | €879 | €297 | -€582 | -66.3% |
| Cash at bank and in hand | 54/58 | €51,079 | €55,482 | +€4,403 | +8.6% |
| Total equity and liabilities | 10/49 | €573,917 | €575,454 | +€1,537 | +0.3% |
| Equity | 10/15 | €243,103 | €236,722 | -€6,381 | -2.6% |
| Contributions | 10/11 | €139,342 | €139,342 | = | 0.0% |
| Capital | 10 | €139,342 | €139,342 | = | 0.0% |
| Issued capital | 100 | €139,342 | €139,342 | = | 0.0% |
| Revaluation surpluses | 12 | €33,282 | €33,282 | = | 0.0% |
| Reserves | 13 | €70,479 | €64,098 | -€6,381 | -9.1% |
| Non-distributable reserves | 130/1 | €10,933 | €10,933 | = | 0.0% |
| Legal reserve | 130 | €10,933 | €10,933 | = | 0.0% |
| Distributable reserves | 133 | €59,546 | €53,165 | -€6,381 | -10.7% |
| Amounts payable | 17/49 | €330,814 | €338,732 | +€7,918 | +2.4% |
| Amounts payable within one year | 42/48 | €330,814 | €338,732 | +€7,918 | +2.4% |
| Trade debts | 44 | €1,205 | €10,070 | +€8,865 | +735.9% |
| Suppliers | 440/4 | €1,205 | €10,070 | +€8,865 | +735.9% |
| Other amounts payable | 47/48 | €329,609 | €328,662 | -€947 | -0.3% |
| Turnover | 70 | €11,870 | €96,343 | +€84,472 | +711.6% |
| Non-recurring operating income | 76A | €68,567 | €3,781 | -€64,786 | -94.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,264 | €53,021 | +€19,757 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,595 | €52,274 | +€1,679 | +3.3% |
| Non-recurring operating charges | 66A | - | €1,151 | +€1,151 | |
| Gross operating margin | 9900 | €47,173 | €47,102 | -€71 | -0.1% |
| Operating profit (loss) | 9901 | -€3,422 | -€6,323 | -€2,900 | -84.8% |
| Financial income | 75/76B | €22,689 | - | -€22,689 | |
| Recurring financial income | 75 | €22,689 | - | -€22,689 | |
| Non-recurring financial income | 76B | €22,689 | - | -€22,689 | |
| Financial charges | 65/66B | €94 | €59 | -€36 | -37.9% |
| Recurring financial charges | 65 | €94 | €59 | -€36 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €19,172 | -€6,381 | -€25,554 | |
| Profit (loss) for the period | 9904 | €19,172 | -€6,381 | -€25,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,172 | -€6,381 | -€25,554 |
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 5 October 2026 via checked.be.