THIBAULT LODGE: 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.
THIBAULT LODGE
Largest movements
- Tangible fixed assets -€10,609
down €10,609 (-1.9%), from €568,177 to €557,568
- Current portion of long-term debt -€16,735
down €16,735 (-57.8%), from €28,933 to €12,199
- Profit (loss) carried forward +€12,261
up €12,261 (+17.2%), from -€71,276 to -€59,015
- Debts after one year -€12,199
down €12,199 (-25.5%), from €47,794 to €35,596
of which Financial debts: -€12,199
- Other debts +€11,294
up €11,294 (+9.7%), from €116,207 to €127,501
- Gross operating margin +€1,343
up €1,343 (+5.4%), from €24,794 to €26,137
- Financial charges -€542
down €542 (-43.8%), from €1,237 to €695
- Other operating charges +€407
up €407 (+18.8%), from €2,164 to €2,572
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 | €627,923 | €621,211 | -€6,712 | -1.1% |
| Fixed assets | 21/28 | €568,177 | €557,568 | -€10,609 | -1.9% |
| Tangible fixed assets | 22/27 | €568,177 | €557,568 | -€10,609 | -1.9% |
| Land and buildings | 22 | €568,177 | €557,568 | -€10,609 | -1.9% |
| Current assets | 29/58 | €59,746 | €63,644 | +€3,897 | +6.5% |
| Amounts receivable within one year | 40/41 | €23,533 | €26,054 | +€2,520 | +10.7% |
| Trade receivables | 40 | €3,533 | €5,349 | +€1,815 | +51.4% |
| Other amounts receivable | 41 | €20,000 | €20,705 | +€705 | +3.5% |
| Cash at bank and in hand | 54/58 | €36,213 | €37,590 | +€1,377 | +3.8% |
| Total equity and liabilities | 10/49 | €627,923 | €621,211 | -€6,712 | -1.1% |
| Equity | 10/15 | €431,723 | €443,984 | +€12,261 | +2.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €477,999 | €477,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,276 | -€59,015 | +€12,261 | +17.2% |
| Amounts payable | 17/49 | €196,200 | €177,228 | -€18,972 | -9.7% |
| Amounts payable after more than one year | 17 | €47,794 | €35,596 | -€12,199 | -25.5% |
| Financial debts | 170/4 | €12,199 | - | -€12,199 | |
| Other amounts payable | 178/9 | €35,596 | €35,596 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,406 | €141,632 | -€6,774 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €28,933 | €12,199 | -€16,735 | -57.8% |
| Trade debts | 44 | €3,265 | €1,933 | -€1,332 | -40.8% |
| Suppliers | 440/4 | €3,265 | €1,933 | -€1,332 | -40.8% |
| Other amounts payable | 47/48 | €116,207 | €127,501 | +€11,294 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,609 | €10,609 | = | 0.0% |
| Other operating charges | 640/8 | €2,164 | €2,572 | +€407 | +18.8% |
| Gross operating margin | 9900 | €24,794 | €26,137 | +€1,343 | +5.4% |
| Operating profit (loss) | 9901 | €12,020 | €12,956 | +€936 | +7.8% |
| Financial charges | 65/66B | €1,237 | €695 | -€542 | -43.8% |
| Recurring financial charges | 65 | €1,237 | €695 | -€542 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €10,783 | €12,261 | +€1,478 | +13.7% |
| Profit (loss) for the period | 9904 | €10,783 | €12,261 | +€1,478 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,783 | €12,261 | +€1,478 | +13.7% |
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 16 October 2026 via checked.be.