THEYSMANS: 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.
THEYSMANS
Largest movements
- Tangible fixed assets +€18,914
up €18,914 (+6.6%), from €284,526 to €303,440
of which Furniture and vehicles: +€31,946
- Reserves -€105,157
down €105,157 (-94.9%), from €110,814 to €5,657
- Other debts +€100,335
up €100,335 (+151%), from €66,333 to €166,668
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Debts after one year +€6,310
up €6,310 (+3.3%), from €190,574 to €196,883
- Current portion of long-term debt +€5,333
up €5,333 (+34.7%), from €15,359 to €20,692
- Gross operating margin -€6,749
down €6,749 (-6.2%), from €108,670 to €101,921
- Depreciation +€5,241
up €5,241 (+39.3%), from €13,322 to €18,563
- Taxes -€3,387
down €3,387 (-18.9%), from €17,887 to €14,500
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.
Derived cash bridge
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 | €402,974 | €422,582 | +€19,607 | +4.9% |
| Fixed assets | 21/28 | €284,621 | €303,535 | +€18,914 | +6.6% |
| Tangible fixed assets | 22/27 | €284,526 | €303,440 | +€18,914 | +6.6% |
| Land and buildings | 22 | €251,225 | €241,273 | -€9,952 | -4.0% |
| Plant, machinery and equipment | 23 | €33,301 | €30,221 | -€3,079 | -9.2% |
| Furniture and vehicles | 24 | €0 | €31,946 | +€31,946 | |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €118,353 | €119,047 | +€693 | +0.6% |
| Stocks and contracts in progress | 3 | €13,021 | €10,674 | -€2,347 | -18.0% |
| Stocks | 30/36 | €13,021 | €10,674 | -€2,347 | -18.0% |
| Amounts receivable within one year | 40/41 | €23,176 | €22,893 | -€283 | -1.2% |
| Trade receivables | 40 | €21,415 | €22,393 | +€978 | +4.6% |
| Other amounts receivable | 41 | €1,761 | €500 | -€1,261 | -71.6% |
| Cash at bank and in hand | 54/58 | €67,944 | €70,635 | +€2,690 | +4.0% |
| Deferred charges and accrued income | 490/1 | €14,212 | €14,845 | +€633 | +4.5% |
| Total equity and liabilities | 10/49 | €402,974 | €422,582 | +€19,607 | +4.9% |
| Equity | 10/15 | €117,014 | €24,257 | -€92,757 | -79.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €110,814 | €5,657 | -€105,157 | -94.9% |
| Distributable reserves | 133 | €110,814 | €5,657 | -€105,157 | -94.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,960 | €398,324 | +€112,364 | +39.3% |
| Amounts payable after more than one year | 17 | €190,574 | €196,883 | +€6,310 | +3.3% |
| Financial debts | 170/4 | €190,574 | €196,883 | +€6,310 | +3.3% |
| Amounts payable within one year | 42/48 | €95,380 | €201,441 | +€106,061 | +111% |
| Current portion of amounts payable after more than one year | 42 | €15,359 | €20,692 | +€5,333 | +34.7% |
| Trade debts | 44 | €8,687 | €8,801 | +€114 | +1.3% |
| Suppliers | 440/4 | €8,687 | €8,801 | +€114 | +1.3% |
| Taxes, remuneration and social security | 45 | €5,002 | €5,280 | +€278 | +5.6% |
| Taxes | 450/3 | €5,002 | €5,280 | +€278 | +5.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,333 | €166,668 | +€100,335 | +151% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100% |
| Remuneration, social security and pensions | 62 | €456 | €0 | -€456 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,322 | €18,563 | +€5,241 | +39.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €393 | +€393 | |
| Other operating charges | 640/8 | €2,789 | €3,037 | +€248 | +8.9% |
| Gross operating margin | 9900 | €108,670 | €101,921 | -€6,749 | -6.2% |
| Operating profit (loss) | 9901 | €92,103 | €79,928 | -€12,175 | -13.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,166 | €6,585 | +€419 | +6.8% |
| Recurring financial charges | 65 | €6,166 | €6,585 | +€419 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €85,936 | €73,343 | -€12,593 | -14.7% |
| Income taxes | 67/77 | €17,887 | €14,500 | -€3,387 | -18.9% |
| Profit (loss) for the period | 9904 | €68,049 | €58,843 | -€9,206 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,049 | €58,843 | -€9,206 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.