THEYS INDUSTRIAL: what changed
What changed
THEYS INDUSTRIAL
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
€190,079
2024 · €371,169-€181,091
Equity
€1.6m
2024 · €1.6m-€13,450
Cash
€942,680
2024 · €95,841+€846,840
Balance sheet total
€2.5m
2024 · €2.5m-€14,605
Largest movements
Assets
- Current investments -€985,666
down €985,666 (-96.6%), from €1.0m to €34,447
- Cash +€846,840
up €846,840 (+884%), from €95,841 to €942,680
mainly Current investments (+€985,666) and Net result for the year (+€190,079)
- Receivables within one year +€201,043
up €201,043 (+94.7%), from €212,346 to €413,390
of which Trade receivables: +€156,677
- Tangible fixed assets -€75,787
down €75,787 (-7.5%), from €1.0m to €940,508
Equity and liabilities
- Debts after one year -€93,776
down €93,776 (-16.4%), from €573,062 to €479,286
of which Financial debts: -€93,776
- Trade debts +€46,034
up €46,034 (+114%), from €40,519 to €86,554
- Other debts +€35,253
up €35,253 (+33.5%), from €105,322 to €140,575
Income statement
- Gross operating margin -€240,700
down €240,700 (-33.1%), from €726,954 to €486,254
- Taxes -€77,809
down €77,809 (-50.3%), from €154,588 to €76,780
- Depreciation +€17,449
up €17,449 (+15.9%), from €109,465 to €126,914
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
€371,169
Gross operating margin
-€240,700
Staff costs
+€2,015
Depreciation
-€17,449
Other operating charges
-€1,099
Financial income
+€4,513
Financial charges
-€6,180
Taxes
+€77,809
Result 2025
€190,079
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
+€208,998
Investment
+€934,540
Financing
-€296,698
Cash 2024
€95,841
From operations (derived)
+€208,998
Net result for the year
+€190,079
Depreciation
+€126,914
Stocks and contracts
+€7,196
Receivables within one year
-€201,043
Deferred charges and accrued income
-€6,161
Trade debts
+€46,034
Tax, wage and social debts
-€11,787
Other debts
+€35,253
Accrued charges and deferred income
+€22,514
Investment (derived)
+€934,540
Investment in fixed assets (net)
-€51,126
Current investments
+€985,666
Financing
-€296,698
Debts after one year
-€93,776
Current portion of long-term debt
+€606
Contributions, distributions and other
-€203,529
Cash 2025
€942,680
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,484,520 | €2,469,914 | -€14,605 | -0.6% |
| Fixed assets | 21/28 | €1,016,296 | €940,508 | -€75,787 | -7.5% |
| Tangible fixed assets | 22/27 | €1,016,296 | €940,508 | -€75,787 | -7.5% |
| Land and buildings | 22 | €726,911 | €690,357 | -€36,554 | -5.0% |
| Plant, machinery and equipment | 23 | €256,311 | €220,236 | -€36,075 | -14.1% |
| Furniture and vehicles | 24 | €1,799 | €2,324 | +€525 | +29.2% |
| Other tangible fixed assets | 26 | €31,276 | €27,592 | -€3,684 | -11.8% |
| Current assets | 29/58 | €1,468,224 | €1,529,406 | +€61,182 | +4.2% |
| Stocks and contracts in progress | 3 | €129,230 | €122,034 | -€7,196 | -5.6% |
| Stocks | 30/36 | €129,230 | €122,034 | -€7,196 | -5.6% |
| Amounts receivable within one year | 40/41 | €212,346 | €413,390 | +€201,043 | +94.7% |
| Trade receivables | 40 | €212,346 | €369,023 | +€156,677 | +73.8% |
| Other amounts receivable | 41 | €0 | €44,367 | +€44,367 | |
| Current investments | 50/53 | €1,020,113 | €34,447 | -€985,666 | -96.6% |
| Cash at bank and in hand | 54/58 | €95,841 | €942,680 | +€846,840 | +884% |
| Deferred charges and accrued income | 490/1 | €10,694 | €16,855 | +€6,161 | +57.6% |
| Total equity and liabilities | 10/49 | €2,484,520 | €2,469,914 | -€14,605 | -0.6% |
| Equity | 10/15 | €1,586,828 | €1,573,377 | -€13,450 | -0.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,556,828 | €1,543,377 | -€13,450 | -0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €63,750 | €105,850 | +€42,100 | +66.0% |
| Distributable reserves | 133 | €1,493,077 | €1,437,527 | -€55,550 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €897,692 | €896,537 | -€1,155 | -0.1% |
| Amounts payable after more than one year | 17 | €573,062 | €479,286 | -€93,776 | -16.4% |
| Financial debts | 170/4 | €323,062 | €229,286 | -€93,776 | -29.0% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €315,902 | €386,009 | +€70,107 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €93,169 | €93,776 | +€606 | +0.7% |
| Trade debts | 44 | €40,519 | €86,554 | +€46,034 | +114% |
| Suppliers | 440/4 | €40,519 | €86,554 | +€46,034 | +114% |
| Taxes, remuneration and social security | 45 | €76,891 | €65,104 | -€11,787 | -15.3% |
| Taxes | 450/3 | €69,132 | €54,637 | -€14,495 | -21.0% |
| Remuneration and social security | 454/9 | €7,760 | €10,467 | +€2,707 | +34.9% |
| Other amounts payable | 47/48 | €105,322 | €140,575 | +€35,253 | +33.5% |
| Accrued charges and deferred income | 492/3 | €8,728 | €31,242 | +€22,514 | +258% |
| Non-recurring operating income | 76A | - | €4,164 | +€4,164 | |
| Remuneration, social security and pensions | 62 | €78,702 | €76,688 | -€2,015 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,465 | €126,914 | +€17,449 | +15.9% |
| Other operating charges | 640/8 | €7,987 | €9,085 | +€1,099 | +13.8% |
| Gross operating margin | 9900 | €726,954 | €486,254 | -€240,700 | -33.1% |
| Operating profit (loss) | 9901 | €530,800 | €273,568 | -€257,232 | -48.5% |
| Financial income | 75/76B | €27,210 | €31,723 | +€4,513 | +16.6% |
| Recurring financial income | 75 | €27,210 | €31,723 | +€4,513 | +16.6% |
| Financial charges | 65/66B | €32,253 | €38,433 | +€6,180 | +19.2% |
| Recurring financial charges | 65 | €32,253 | €38,433 | +€6,180 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €525,758 | €266,858 | -€258,899 | -49.2% |
| Income taxes | 67/77 | €154,588 | €76,780 | -€77,809 | -50.3% |
| Profit (loss) for the period | 9904 | €371,169 | €190,079 | -€181,091 | -48.8% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €42,100 | -€21,050 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,019 | €147,979 | -€160,041 | -52.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.