THIBEVA: 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.
THIBEVA
Largest movements
- Cash +€11,783
up €11,783 (+93.4%), from €12,610 to €24,393
mainly Depreciation (+€9,392) and Net result for the year (+€6,321)
- Tangible fixed assets -€9,392
down €9,392 (-83.7%), from €11,219 to €1,827
- Receivables within one year +€4,662
up €4,662 (+4969.4%), from €94 to €4,756
of which Trade receivables: +€4,756
- Profit (loss) carried forward +€6,321
up €6,321 (+21.8%), from -€29,020 to -€22,698
- Tax, wage and social debts +€1,621
up €1,621 (+334.2%), from €485 to €2,106
- Trade debts -€1,296
down €1,296 (-71.8%), from €1,806 to €510
- Other debts +€428
up €428 (+4.2%), from €10,132 to €10,560
- Gross operating margin +€55,735
up €55,735, from -€37,498 to €18,237
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 | €23,923 | €30,998 | +€7,074 | +29.6% |
| Fixed assets | 21/28 | €11,219 | €1,827 | -€9,392 | -83.7% |
| Tangible fixed assets | 22/27 | €11,219 | €1,827 | -€9,392 | -83.7% |
| Furniture and vehicles | 24 | €11,219 | €1,827 | -€9,392 | -83.7% |
| Current assets | 29/58 | €12,704 | €29,171 | +€16,466 | +129.6% |
| Amounts receivable within one year | 40/41 | €94 | €4,756 | +€4,662 | +4969.4% |
| Trade receivables | 40 | €0 | €4,756 | +€4,756 | |
| Other amounts receivable | 41 | €94 | €0 | -€94 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,610 | €24,393 | +€11,783 | +93.4% |
| Deferred charges and accrued income | 490/1 | €0 | €22 | +€22 | |
| Total equity and liabilities | 10/49 | €23,923 | €30,998 | +€7,074 | +29.6% |
| Equity | 10/15 | €11,500 | €17,822 | +€6,321 | +55.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,120 | €28,120 | = | 0.0% |
| Distributable reserves | 133 | €28,120 | €28,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,020 | -€22,698 | +€6,321 | +21.8% |
| Amounts payable | 17/49 | €12,423 | €13,176 | +€753 | +6.1% |
| Amounts payable within one year | 42/48 | €12,423 | €13,176 | +€753 | +6.1% |
| Trade debts | 44 | €1,806 | €510 | -€1,296 | -71.8% |
| Suppliers | 440/4 | €1,806 | €510 | -€1,296 | -71.8% |
| Taxes, remuneration and social security | 45 | €485 | €2,106 | +€1,621 | +334.2% |
| Taxes | 450/3 | €485 | €2,106 | +€1,621 | +334.2% |
| Other amounts payable | 47/48 | €10,132 | €10,560 | +€428 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,603 | €9,392 | -€211 | -2.2% |
| Other operating charges | 640/8 | €1,699 | €1,672 | -€26 | -1.6% |
| Gross operating margin | 9900 | -€37,498 | €18,237 | +€55,735 | |
| Operating profit (loss) | 9901 | -€48,800 | €7,172 | +€55,972 | |
| Financial income | 75/76B | €19 | €129 | +€110 | +565.4% |
| Recurring financial income | 75 | €19 | €129 | +€110 | +565.4% |
| Financial charges | 65/66B | €481 | €492 | +€11 | +2.3% |
| Recurring financial charges | 65 | €481 | €492 | +€11 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,262 | €6,809 | +€56,071 | |
| Income taxes | 67/77 | €491 | €488 | -€3 | -0.6% |
| Profit (loss) for the period | 9904 | -€49,753 | €6,321 | +€56,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,753 | €6,321 | +€56,074 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.