THEYS & fils: what changed
What changed
THEYS & fils
NACE 46.610, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€239,628
2024 · €290,772-€51,144
Equity
€2.5m
2024 · €2.3m+€185,294
Cash
€1.2m
2024 · €1.6m-€391,226
Balance sheet total
€3.2m
2024 · €3.1m+€161,219
Largest movements
Assets
- Stocks and contracts +€540,427
up €540,427 (+93.0%), from €581,354 to €1.1m
- Cash -€391,226
down €391,226 (-24.4%), from €1.6m to €1.2m
mainly Stocks and contracts (-€540,427) and Tax, wage and social debts (-€73,361)
- Receivables within one year +€37,909
up €37,909 (+11.9%), from €319,426 to €357,334
Equity and liabilities
- Reserves +€210,772
up €210,772 (+9.4%), from €2.2m to €2.4m
of which Distributable reserves: +€210,772
- Tax, wage and social debts -€73,361
down €73,361 (-32.2%), from €227,833 to €154,473
of which Taxes: -€78,640
- Other debts +€55,810
up €55,810 (+34.4%), from €162,124 to €217,934
- Debts after one year -€40,538
down €40,538 (-18.1%), from €223,466 to €182,928
Income statement
- Write-downs +€113,929
up €113,929, from -€56,759 to €57,169
- Gross operating margin +€44,512
up €44,512 (+8.5%), from €524,430 to €568,942
- Taxes -€25,172
down €25,172 (-19.7%), from €127,663 to €102,491
- Staff costs +€18,595
up €18,595 (+20.5%), from €90,624 to €109,219
- Financial income +€9,381
up €9,381 (+36.9%), from €25,439 to €34,820
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€290,772
Gross operating margin
+€44,512
Staff costs
-€18,595
Depreciation
-€756
Write-downs
-€113,929
Other operating charges
-€2,811
Financial income
+€9,381
Financial charges
+€5,881
Taxes
+€25,172
Result 2025
€239,628
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€260,372
Investment
-€40,216
Financing
-€90,638
Cash 2024
€1.6m
From operations (derived)
-€260,372
Net result for the year
+€239,628
Depreciation
+€65,891
Stocks and contracts
-€540,427
Receivables within one year
-€37,909
Deferred charges and accrued income
+€216
Trade debts
+€29,779
Tax, wage and social debts
-€73,361
Other debts
+€55,810
Investment (derived)
-€40,216
Investment in fixed assets (net)
-€40,216
Financing
-€90,638
Debts after one year
-€40,538
Current portion of long-term debt
+€4,234
Contributions, distributions and other
-€54,334
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,059,399 | €3,220,618 | +€161,219 | +5.3% |
| Fixed assets | 21/28 | €552,311 | €526,636 | -€25,675 | -4.6% |
| Tangible fixed assets | 22/27 | €552,261 | €526,586 | -€25,675 | -4.6% |
| Land and buildings | 22 | €402,674 | €382,458 | -€20,216 | -5.0% |
| Plant, machinery and equipment | 23 | €143,091 | €117,576 | -€25,515 | -17.8% |
| Furniture and vehicles | 24 | €3,078 | €5,289 | +€2,211 | +71.8% |
| Other tangible fixed assets | 26 | €3,418 | €21,263 | +€17,845 | +522% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €2,507,088 | €2,693,982 | +€186,894 | +7.5% |
| Stocks and contracts in progress | 3 | €581,354 | €1,121,781 | +€540,427 | +93.0% |
| Stocks | 30/36 | €581,354 | €1,121,781 | +€540,427 | +93.0% |
| Amounts receivable within one year | 40/41 | €319,426 | €357,334 | +€37,909 | +11.9% |
| Trade receivables | 40 | €319,426 | €357,334 | +€37,909 | +11.9% |
| Cash at bank and in hand | 54/58 | €1,604,490 | €1,213,265 | -€391,226 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,819 | €1,602 | -€216 | -11.9% |
| Total equity and liabilities | 10/49 | €3,059,399 | €3,220,618 | +€161,219 | +5.3% |
| Equity | 10/15 | €2,326,667 | €2,511,962 | +€185,294 | +8.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €2,231,078 | €2,441,849 | +€210,772 | +9.4% |
| Tax-exempt reserves | 132 | €35,899 | €35,899 | = | 0.0% |
| Distributable reserves | 133 | €2,195,178 | €2,405,950 | +€210,772 | +9.6% |
| Profit (loss) carried forward | 14 | €40,772 | €19,628 | -€21,144 | -51.9% |
| Investment grants | 15 | €27,318 | €22,984 | -€4,334 | -15.9% |
| Amounts payable | 17/49 | €732,732 | €708,656 | -€24,075 | -3.3% |
| Amounts payable after more than one year | 17 | €223,466 | €182,928 | -€40,538 | -18.1% |
| Financial debts | 170/4 | €223,466 | €182,928 | -€40,538 | -18.1% |
| Amounts payable within one year | 42/48 | €509,001 | €525,463 | +€16,462 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €51,470 | €55,703 | +€4,234 | +8.2% |
| Trade debts | 44 | €67,574 | €97,353 | +€29,779 | +44.1% |
| Suppliers | 440/4 | €67,574 | €97,353 | +€29,779 | +44.1% |
| Taxes, remuneration and social security | 45 | €227,833 | €154,473 | -€73,361 | -32.2% |
| Taxes | 450/3 | €189,602 | €110,961 | -€78,640 | -41.5% |
| Remuneration and social security | 454/9 | €38,232 | €43,511 | +€5,280 | +13.8% |
| Other amounts payable | 47/48 | €162,124 | €217,934 | +€55,810 | +34.4% |
| Accrued charges and deferred income | 492/3 | €265 | €265 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €90,624 | €109,219 | +€18,595 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,135 | €65,891 | +€756 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,759 | €57,169 | +€113,929 | |
| Other operating charges | 640/8 | €10,193 | €13,003 | +€2,811 | +27.6% |
| Gross operating margin | 9900 | €524,430 | €568,942 | +€44,512 | +8.5% |
| Operating profit (loss) | 9901 | €415,238 | €323,660 | -€91,578 | -22.1% |
| Financial income | 75/76B | €25,439 | €34,820 | +€9,381 | +36.9% |
| Recurring financial income | 75 | €25,439 | €34,820 | +€9,381 | +36.9% |
| Financial charges | 65/66B | €22,242 | €16,361 | -€5,881 | -26.4% |
| Recurring financial charges | 65 | €22,242 | €16,361 | -€5,881 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €418,435 | €342,119 | -€76,316 | -18.2% |
| Income taxes | 67/77 | €127,663 | €102,491 | -€25,172 | -19.7% |
| Profit (loss) for the period | 9904 | €290,772 | €239,628 | -€51,144 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €290,772 | €239,628 | -€51,144 | -17.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.