Thia Dvisor: 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.
Thia Dvisor
Largest movements
- Cash -€30,746
down €30,746 (-41.1%), from €74,738 to €43,991
mainly Trade debts (-€36,771) and Tax, wage and social debts (-€7,851)
- Receivables within one year -€16,311
down €16,311 (-46.4%), from €35,186 to €18,875
- Deferred charges and accrued income -€1,189
down €1,189 (-100.0%), from €1,189 to €0
- Trade debts -€36,771
down €36,771 (-77.1%), from €47,678 to €10,907
- Tax, wage and social debts -€7,851
down €7,851 (-21.6%), from €36,315 to €28,464
of which Taxes: -€4,801
- Profit (loss) carried forward -€3,376
new in 2025: -€3,376
- Short-term financial debts -€2,226
down €2,226 (-100.0%), from €2,226 to €0
- Other debts +€1,545
up €1,545 (+16903.3%), from €9 to €1,554
- Gross operating margin -€16,004
down €16,004 (-10.6%), from €150,581 to €134,577
- Staff costs -€6,832
down €6,832 (-4.9%), from €140,526 to €133,694
- Financial charges +€1,915
up €1,915 (+397.1%), from €482 to €2,397
- Taxes -€1,708
down €1,708 (-72.5%), from €2,356 to €647
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 | €112,913 | €64,390 | -€48,523 | -43.0% |
| Fixed assets | 21/28 | €1,800 | €1,523 | -€277 | -15.4% |
| Tangible fixed assets | 22/27 | €975 | €1,523 | +€548 | +56.2% |
| Furniture and vehicles | 24 | €975 | €1,523 | +€548 | +56.2% |
| Financial fixed assets | 28 | €825 | €0 | -€825 | -100.0% |
| Current assets | 29/58 | €111,113 | €62,867 | -€48,246 | -43.4% |
| Amounts receivable within one year | 40/41 | €35,186 | €18,875 | -€16,311 | -46.4% |
| Other amounts receivable | 41 | €35,186 | €18,875 | -€16,311 | -46.4% |
| Cash at bank and in hand | 54/58 | €74,738 | €43,991 | -€30,746 | -41.1% |
| Deferred charges and accrued income | 490/1 | €1,189 | €0 | -€1,189 | -100.0% |
| Total equity and liabilities | 10/49 | €112,913 | €64,390 | -€48,523 | -43.0% |
| Equity | 10/15 | €11,685 | €8,309 | -€3,376 | -28.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,185 | €9,185 | = | 0.0% |
| Distributable reserves | 133 | €9,185 | €9,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,376 | -€3,376 | |
| Amounts payable | 17/49 | €101,228 | €56,081 | -€45,147 | -44.6% |
| Amounts payable within one year | 42/48 | €86,228 | €40,925 | -€45,303 | -52.5% |
| Financial debts | 43 | €2,226 | €0 | -€2,226 | -100.0% |
| Credit institutions | 430/8 | €2,226 | €0 | -€2,226 | -100.0% |
| Trade debts | 44 | €47,678 | €10,907 | -€36,771 | -77.1% |
| Suppliers | 440/4 | €47,678 | €10,907 | -€36,771 | -77.1% |
| Taxes, remuneration and social security | 45 | €36,315 | €28,464 | -€7,851 | -21.6% |
| Taxes | 450/3 | €7,865 | €3,064 | -€4,801 | -61.0% |
| Remuneration and social security | 454/9 | €28,450 | €25,400 | -€3,050 | -10.7% |
| Other amounts payable | 47/48 | €9 | €1,554 | +€1,545 | +16903.3% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,156 | +€156 | +1.0% |
| Remuneration, social security and pensions | 62 | €140,526 | €133,694 | -€6,832 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €669 | +€58 | +9.4% |
| Other operating charges | 640/8 | €638 | €610 | -€28 | -4.4% |
| Gross operating margin | 9900 | €150,581 | €134,577 | -€16,004 | -10.6% |
| Operating profit (loss) | 9901 | €8,805 | -€396 | -€9,201 | |
| Financial income | 75/76B | €7 | €64 | +€57 | +824.5% |
| Recurring financial income | 75 | €7 | €64 | +€57 | +824.5% |
| Financial charges | 65/66B | €482 | €2,397 | +€1,915 | +397.1% |
| Recurring financial charges | 65 | €482 | €2,397 | +€1,915 | +397.1% |
| Profit (loss) for the period before taxes | 9903 | €8,330 | -€2,728 | -€11,059 | |
| Income taxes | 67/77 | €2,356 | €647 | -€1,708 | -72.5% |
| Profit (loss) for the period | 9904 | €5,975 | -€3,376 | -€9,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,975 | -€3,376 | -€9,350 |
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 29 September 2026 via checked.be.