THEYS: 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.
THEYS
Largest movements
- Tangible fixed assets +€211,527
up €211,527 (+270.0%), from €78,329 to €289,856
of which Furniture and vehicles: +€194,927
- Cash +€83,445
up €83,445 (+334.1%), from €24,973 to €108,418
mainly Net result for the year (+€170,458) and Tax, wage and social debts (+€57,926)
- Receivables within one year +€14,214
up €14,214 (+11.5%), from €123,550 to €137,764
- Reserves +€170,458
up €170,458 (+9164.4%), from €1,860 to €172,318
- Tax, wage and social debts +€57,926
up €57,926 (+224.3%), from €25,823 to €83,749
- Trade debts +€41,927
up €41,927 (+421.3%), from €9,953 to €51,880
- Debts after one year +€38,062
up €38,062 (+134.9%), from €28,211 to €66,273
- Gross operating margin +€233,580
up €233,580 (+272.3%), from €85,780 to €319,360
- Taxes +€71,734
up €71,734 (+516.3%), from €13,894 to €85,627
- Depreciation +€26,849
up €26,849 (+86.7%), from €30,978 to €57,828
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 | €228,803 | €538,399 | +€309,595 | +135.3% |
| Fixed assets | 21/28 | €78,664 | €290,191 | +€211,527 | +268.9% |
| Tangible fixed assets | 22/27 | €78,329 | €289,856 | +€211,527 | +270.0% |
| Plant, machinery and equipment | 23 | €7,038 | €32,838 | +€25,800 | +366.6% |
| Furniture and vehicles | 24 | €37,102 | €232,029 | +€194,927 | +525.4% |
| Leasing and similar rights | 25 | €34,190 | €24,990 | -€9,200 | -26.9% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €150,140 | €248,207 | +€98,068 | +65.3% |
| Amounts receivable within one year | 40/41 | €123,550 | €137,764 | +€14,214 | +11.5% |
| Trade receivables | 40 | €123,550 | €137,764 | +€14,214 | +11.5% |
| Cash at bank and in hand | 54/58 | €24,973 | €108,418 | +€83,445 | +334.1% |
| Deferred charges and accrued income | 490/1 | €1,616 | €2,026 | +€410 | +25.4% |
| Total equity and liabilities | 10/49 | €228,803 | €538,399 | +€309,595 | +135.3% |
| Equity | 10/15 | €114,970 | €285,428 | +€170,458 | +148.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €172,318 | +€170,458 | +9164.4% |
| Distributable reserves | 133 | €1,860 | €172,318 | +€170,458 | +9164.4% |
| Profit (loss) carried forward | 14 | €100,610 | €100,610 | = | 0.0% |
| Amounts payable | 17/49 | €113,834 | €252,971 | +€139,137 | +122.2% |
| Amounts payable after more than one year | 17 | €28,211 | €66,273 | +€38,062 | +134.9% |
| Financial debts | 170/4 | €28,211 | €66,273 | +€38,062 | +134.9% |
| Amounts payable within one year | 42/48 | €85,623 | €186,698 | +€101,075 | +118.0% |
| Current portion of amounts payable after more than one year | 42 | €17,964 | €16,806 | -€1,159 | -6.5% |
| Trade debts | 44 | €9,953 | €51,880 | +€41,927 | +421.3% |
| Suppliers | 440/4 | €9,953 | €51,880 | +€41,927 | +421.3% |
| Taxes, remuneration and social security | 45 | €25,823 | €83,749 | +€57,926 | +224.3% |
| Taxes | 450/3 | €25,823 | €83,749 | +€57,926 | +224.3% |
| Other amounts payable | 47/48 | €31,883 | €34,264 | +€2,382 | +7.5% |
| Non-recurring operating income | 76A | €26,488 | €20,000 | -€6,488 | -24.5% |
| Remuneration, social security and pensions | 62 | - | €1,120 | +€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,978 | €57,828 | +€26,849 | +86.7% |
| Other operating charges | 640/8 | €1,077 | €1,281 | +€204 | +18.9% |
| Gross operating margin | 9900 | €85,780 | €319,360 | +€233,580 | +272.3% |
| Operating profit (loss) | 9901 | €53,724 | €259,131 | +€205,407 | +382.3% |
| Financial income | 75/76B | €9 | €6 | -€3 | -31.0% |
| Recurring financial income | 75 | €9 | €6 | -€3 | -31.0% |
| Financial charges | 65/66B | €2,383 | €3,052 | +€669 | +28.1% |
| Recurring financial charges | 65 | €2,383 | €3,052 | +€669 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €51,350 | €256,085 | +€204,736 | +398.7% |
| Income taxes | 67/77 | €13,894 | €85,627 | +€71,734 | +516.3% |
| Profit (loss) for the period | 9904 | €37,456 | €170,458 | +€133,002 | +355.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,456 | €170,458 | +€133,002 | +355.1% |
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 9 October 2026 via checked.be.