Thibri Plants: 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.
Thibri Plants
Largest movements
- Receivables within one year +€52,344
up €52,344 (+35.9%), from €145,857 to €198,201
of which Trade receivables: +€73,117
- Receivables after one year -€39,507
down €39,507 (-69.7%), from €56,717 to €17,210
- Current investments -€38,487
down €38,487 (-8.4%), from €455,670 to €417,183
- Cash +€14,598
up €14,598 (+10.5%), from €138,393 to €152,990
mainly Net result for the year (+€97,628) and Receivables after one year (+€39,507)
- Reserves +€52,628
up €52,628 (+8.3%), from €634,735 to €687,363
of which Distributable reserves: +€52,628
- Trade debts -€51,941
down €51,941 (-50.1%), from €103,639 to €51,698
- Tax, wage and social debts -€16,927
down €16,927 (-50.3%), from €33,631 to €16,704
- Taxes -€6,406
down €6,406 (-19.3%), from €33,278 to €26,871
- Financial income +€5,477
up €5,477 (+63.6%), from €8,610 to €14,087
- Financial charges -€1,926
down €1,926 (-81.8%), from €2,353 to €428
- Other operating charges +€1,582
up €1,582 (+182%), from €867 to €2,449
- Gross operating margin -€1,475
down €1,475 (-1.3%), from €116,004 to €114,529
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 | €802,776 | €788,178 | -€14,597 | -1.8% |
| Formation expenses | 20 | €788 | €590 | -€199 | -25.2% |
| Fixed assets | 21/28 | €1,374 | €1,485 | +€111 | +8.1% |
| Tangible fixed assets | 22/27 | €1,374 | €1,485 | +€111 | +8.1% |
| Plant, machinery and equipment | 23 | €359 | €139 | -€220 | -61.2% |
| Furniture and vehicles | 24 | €1,015 | €1,346 | +€331 | +32.6% |
| Current assets | 29/58 | €800,614 | €786,104 | -€14,510 | -1.8% |
| Amounts receivable after more than one year | 29 | €56,717 | €17,210 | -€39,507 | -69.7% |
| Other amounts receivable | 291 | €56,717 | €17,210 | -€39,507 | -69.7% |
| Amounts receivable within one year | 40/41 | €145,857 | €198,201 | +€52,344 | +35.9% |
| Trade receivables | 40 | €77,233 | €150,350 | +€73,117 | +94.7% |
| Other amounts receivable | 41 | €68,624 | €47,851 | -€20,773 | -30.3% |
| Current investments | 50/53 | €455,670 | €417,183 | -€38,487 | -8.4% |
| Cash at bank and in hand | 54/58 | €138,393 | €152,990 | +€14,598 | +10.5% |
| Deferred charges and accrued income | 490/1 | €3,977 | €520 | -€3,458 | -86.9% |
| Total equity and liabilities | 10/49 | €802,776 | €788,178 | -€14,597 | -1.8% |
| Equity | 10/15 | €634,735 | €687,363 | +€52,628 | +8.3% |
| Reserves | 13 | €634,735 | €687,363 | +€52,628 | +8.3% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €592,015 | €644,643 | +€52,628 | +8.9% |
| Amounts payable | 17/49 | €168,041 | €100,816 | -€67,225 | -40.0% |
| Amounts payable within one year | 42/48 | €168,041 | €100,816 | -€67,225 | -40.0% |
| Trade debts | 44 | €103,639 | €51,698 | -€51,941 | -50.1% |
| Suppliers | 440/4 | €103,639 | €51,698 | -€51,941 | -50.1% |
| Advances received on contracts in progress | 46 | - | €223 | +€223 | |
| Taxes, remuneration and social security | 45 | €33,631 | €16,704 | -€16,927 | -50.3% |
| Taxes | 450/3 | €33,631 | €16,704 | -€16,927 | -50.3% |
| Other amounts payable | 47/48 | €30,771 | €32,191 | +€1,420 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | €1,240 | +€79 | +6.8% |
| Other operating charges | 640/8 | €867 | €2,449 | +€1,582 | +182% |
| Gross operating margin | 9900 | €116,004 | €114,529 | -€1,475 | -1.3% |
| Operating profit (loss) | 9901 | €113,976 | €110,840 | -€3,136 | -2.8% |
| Financial income | 75/76B | €8,610 | €14,087 | +€5,477 | +63.6% |
| Recurring financial income | 75 | €8,610 | €14,087 | +€5,477 | +63.6% |
| Financial charges | 65/66B | €2,353 | €428 | -€1,926 | -81.8% |
| Recurring financial charges | 65 | €2,353 | €428 | -€1,926 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €120,233 | €124,499 | +€4,266 | +3.5% |
| Income taxes | 67/77 | €33,278 | €26,871 | -€6,406 | -19.3% |
| Profit (loss) for the period | 9904 | €86,956 | €97,628 | +€10,672 | +12.3% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,856 | €97,628 | +€52,772 | +118% |
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 24 October 2026 via checked.be.