THIACO: 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.
What changed
THIACO
NACE 96.301, Funeral services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,205
2024 · €60,149+€15,056
Equity
€163,170
2024 · €87,965+€75,205
Cash
€28,479
2024 · €47,724-€19,245
Balance sheet total
€2.8m
2024 · €2.7m+€98,537
Largest movements
Assets
- Tangible fixed assets +€101,011
up €101,011 (+3.9%), from €2.6m to €2.7m
of which Land and buildings: +€101,197
- Receivables within one year +€33,366
up €33,366 (+387.5%), from €8,611 to €41,977
of which Trade receivables: +€33,366
Equity and liabilities
- Profit (loss) carried forward +€75,205
up €75,205, from -€62,035 to €13,170
Income statement
- Gross operating margin +€38,923
up €38,923 (+19.5%), from €199,914 to €238,837
- Financial charges +€11,918
up €11,918 (+20.3%), from €58,627 to €70,545
- Depreciation +€11,529
up €11,529 (+15.7%), from €73,473 to €85,003
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.
Result 2024
€60,149
Gross operating margin
+€38,923
Depreciation
-€11,529
Other operating charges
-€522
Financial income
+€103
Financial charges
-€11,918
Result 2025
€75,205
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.
From operations
+€177,252
Investment
-€186,013
Financing
-€10,484
Cash 2024
€47,724
From operations (derived)
+€177,252
Net result for the year
+€75,205
Depreciation
+€85,003
Stocks and contracts
+€4,700
Receivables within one year
-€33,366
Deferred charges and accrued income
+€11,894
Trade debts
+€20,149
Tax, wage and social debts
+€3,667
Other debts
+€10,000
Investment (derived)
-€186,013
Investment in fixed assets (net)
-€186,013
Financing
-€10,484
Debts after one year
-€14,900
Current portion of long-term debt
+€4,416
Cash 2025
€28,479
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,674,066 | €2,772,603 | +€98,537 | +3.7% |
| Fixed assets | 21/28 | €2,584,037 | €2,685,048 | +€101,011 | +3.9% |
| Tangible fixed assets | 22/27 | €2,573,460 | €2,674,470 | +€101,011 | +3.9% |
| Land and buildings | 22 | €2,519,556 | €2,620,753 | +€101,197 | +4.0% |
| Plant, machinery and equipment | 23 | €17,285 | €21,237 | +€3,952 | +22.9% |
| Other tangible fixed assets | 26 | €36,619 | €32,480 | -€4,139 | -11.3% |
| Financial fixed assets | 28 | €10,577 | €10,577 | = | 0.0% |
| Current assets | 29/58 | €90,029 | €87,556 | -€2,473 | -2.7% |
| Stocks and contracts in progress | 3 | €21,800 | €17,100 | -€4,700 | -21.6% |
| Stocks | 30/36 | €21,800 | €17,100 | -€4,700 | -21.6% |
| Amounts receivable within one year | 40/41 | €8,611 | €41,977 | +€33,366 | +387.5% |
| Trade receivables | 40 | €8,611 | €41,977 | +€33,366 | +387.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €47,724 | €28,479 | -€19,245 | -40.3% |
| Deferred charges and accrued income | 490/1 | €11,894 | - | -€11,894 | |
| Total equity and liabilities | 10/49 | €2,674,066 | €2,772,603 | +€98,537 | +3.7% |
| Equity | 10/15 | €87,965 | €163,170 | +€75,205 | +85.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,035 | €13,170 | +€75,205 | |
| Amounts payable | 17/49 | €2,586,101 | €2,609,433 | +€23,332 | +0.9% |
| Amounts payable after more than one year | 17 | €2,397,990 | €2,383,090 | -€14,900 | -0.6% |
| Financial debts | 170/4 | €2,397,990 | €2,383,090 | -€14,900 | -0.6% |
| Amounts payable within one year | 42/48 | €188,111 | €226,343 | +€38,232 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €116,010 | €120,426 | +€4,416 | +3.8% |
| Trade debts | 44 | €57,542 | €77,691 | +€20,149 | +35.0% |
| Suppliers | 440/4 | €57,542 | €77,691 | +€20,149 | +35.0% |
| Taxes, remuneration and social security | 45 | €13,817 | €17,484 | +€3,667 | +26.5% |
| Taxes | 450/3 | €13,817 | €17,484 | +€3,667 | +26.5% |
| Other amounts payable | 47/48 | €743 | €10,743 | +€10,000 | +1346.3% |
| Non-recurring operating income | 76A | €1,390 | - | -€1,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,473 | €85,003 | +€11,529 | +15.7% |
| Other operating charges | 640/8 | €7,707 | €8,229 | +€522 | +6.8% |
| Gross operating margin | 9900 | €199,914 | €238,837 | +€38,923 | +19.5% |
| Operating profit (loss) | 9901 | €118,734 | €145,605 | +€26,872 | +22.6% |
| Financial income | 75/76B | €42 | €145 | +€103 | +243.3% |
| Recurring financial income | 75 | €42 | €145 | +€103 | +243.3% |
| Financial charges | 65/66B | €58,627 | €70,545 | +€11,918 | +20.3% |
| Recurring financial charges | 65 | €58,627 | €70,545 | +€11,918 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €60,149 | €75,205 | +€15,056 | +25.0% |
| Profit (loss) for the period | 9904 | €60,149 | €75,205 | +€15,056 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,149 | €75,205 | +€15,056 | +25.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.