THIBER: 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.
THIBER
Largest movements
- Receivables within one year +€77,789
up €77,789 (+52.5%), from €148,274 to €226,063
of which Trade receivables: +€41,083
- Cash -€38,324
down €38,324 (-54.7%), from €70,090 to €31,766
mainly Receivables within one year (-€77,789) and Trade debts (-€42,465)
- Tax, wage and social debts +€45,545
up €45,545 (+71.1%), from €64,102 to €109,646
of which Taxes: +€23,034
- Trade debts -€42,465
down €42,465 (-20.3%), from €209,636 to €167,171
- Reserves +€34,874
up €34,874 (+25.6%), from €136,416 to €171,290
of which Distributable reserves: +€34,874
- Other operating charges +€32,260
up €32,260 (+232.1%), from €13,897 to €46,157
- Taxes -€8,292
down €8,292 (-28.1%), from €29,483 to €21,191
- Financial charges +€7,264
up €7,264 (+47.0%), from €15,456 to €22,719
- Gross operating margin +€4,837
up €4,837 (+1.9%), from €259,993 to €264,830
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €633,891 | €671,233 | +€37,342 | +5.9% |
| Fixed assets | 21/28 | €37,024 | €32,897 | -€4,128 | -11.1% |
| Tangible fixed assets | 22/27 | €34,784 | €30,657 | -€4,128 | -11.9% |
| Land and buildings | 22 | €2,812 | €2,500 | -€313 | -11.1% |
| Plant, machinery and equipment | 23 | €28,348 | €22,635 | -€5,713 | -20.2% |
| Furniture and vehicles | 24 | €3,624 | €2,915 | -€709 | -19.6% |
| Other tangible fixed assets | 26 | - | €2,608 | +€2,608 | |
| Financial fixed assets | 28 | €2,240 | €2,240 | = | 0.0% |
| Current assets | 29/58 | €596,866 | €638,336 | +€41,470 | +6.9% |
| Amounts receivable after more than one year | 29 | €256,970 | €256,970 | = | 0.0% |
| Other amounts receivable | 291 | €256,970 | €256,970 | = | 0.0% |
| Stocks and contracts in progress | 3 | €120,265 | €122,018 | +€1,753 | +1.5% |
| Stocks | 30/36 | €120,265 | €122,018 | +€1,753 | +1.5% |
| Amounts receivable within one year | 40/41 | €148,274 | €226,063 | +€77,789 | +52.5% |
| Trade receivables | 40 | €35,854 | €76,938 | +€41,083 | +114.6% |
| Other amounts receivable | 41 | €112,420 | €149,125 | +€36,705 | +32.7% |
| Cash at bank and in hand | 54/58 | €70,090 | €31,766 | -€38,324 | -54.7% |
| Deferred charges and accrued income | 490/1 | €1,267 | €1,519 | +€252 | +19.9% |
| Total equity and liabilities | 10/49 | €633,891 | €671,233 | +€37,342 | +5.9% |
| Equity | 10/15 | €354,616 | €389,490 | +€34,874 | +9.8% |
| Contributions | 10/11 | €218,200 | €218,200 | = | 0.0% |
| Capital | 10 | €218,200 | €218,200 | = | 0.0% |
| Issued capital | 100 | €218,200 | €218,200 | = | 0.0% |
| Reserves | 13 | €136,416 | €171,290 | +€34,874 | +25.6% |
| Non-distributable reserves | 130/1 | €21,820 | €21,820 | = | 0.0% |
| Legal reserve | 130 | €21,820 | €21,820 | = | 0.0% |
| Distributable reserves | 133 | €114,596 | €149,470 | +€34,874 | +30.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €279,275 | €281,743 | +€2,468 | +0.9% |
| Amounts payable within one year | 42/48 | €279,194 | €281,743 | +€2,548 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €209,636 | €167,171 | -€42,465 | -20.3% |
| Suppliers | 440/4 | €209,636 | €167,171 | -€42,465 | -20.3% |
| Taxes, remuneration and social security | 45 | €64,102 | €109,646 | +€45,545 | +71.1% |
| Taxes | 450/3 | €45,374 | €68,407 | +€23,034 | +50.8% |
| Remuneration and social security | 454/9 | €18,728 | €41,239 | +€22,511 | +120.2% |
| Other amounts payable | 47/48 | €5,457 | €4,926 | -€531 | -9.7% |
| Accrued charges and deferred income | 492/3 | €80 | €0 | -€80 | -100.0% |
| Remuneration, social security and pensions | 62 | €142,822 | €143,680 | +€859 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,305 | €6,787 | +€482 | +7.6% |
| Other operating charges | 640/8 | €13,897 | €46,157 | +€32,260 | +232.1% |
| Gross operating margin | 9900 | €259,993 | €264,830 | +€4,837 | +1.9% |
| Operating profit (loss) | 9901 | €96,970 | €68,206 | -€28,764 | -29.7% |
| Financial income | 75/76B | €8,721 | €10,578 | +€1,857 | +21.3% |
| Recurring financial income | 75 | €8,721 | €10,578 | +€1,857 | +21.3% |
| Financial charges | 65/66B | €15,456 | €22,719 | +€7,264 | +47.0% |
| Recurring financial charges | 65 | €15,456 | €22,719 | +€7,264 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €90,235 | €56,065 | -€34,171 | -37.9% |
| Income taxes | 67/77 | €29,483 | €21,191 | -€8,292 | -28.1% |
| Profit (loss) for the period | 9904 | €60,752 | €34,874 | -€25,878 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,752 | €34,874 | -€25,878 | -42.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.