THIBS: 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.
THIBS
Largest movements
- Receivables within one year +€34,692
up €34,692 (+50.9%), from €68,095 to €102,788
of which Trade receivables: +€52,046
- Tangible fixed assets -€5,787
down €5,787 (-11.6%), from €49,783 to €43,996
of which Furniture and vehicles: -€12,382
- Profit (loss) carried forward +€24,736
up €24,736, from -€24,736 to €0
- Tax, wage and social debts +€10,967
up €10,967 (+249.7%), from €4,392 to €15,359
- Debts after one year -€8,750
no longer reported in 2025 (was €8,750)
- Reserves +€4,481
up €4,481 (+3.2%), from €140,018 to €144,499
of which Distributable reserves: +€4,481
- Gross operating margin +€68,308
up €68,308, from -€8,705 to €59,603
- Taxes +€10,802
up €10,802 (+2484.6%), from €435 to €11,236
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 | €239,756 | €270,743 | +€30,987 | +12.9% |
| Fixed assets | 21/28 | €53,923 | €48,136 | -€5,787 | -10.7% |
| Tangible fixed assets | 22/27 | €49,783 | €43,996 | -€5,787 | -11.6% |
| Furniture and vehicles | 24 | €34,109 | €21,727 | -€12,382 | -36.3% |
| Other tangible fixed assets | 26 | €15,674 | €22,269 | +€6,595 | +42.1% |
| Financial fixed assets | 28 | €4,140 | €4,140 | = | 0.0% |
| Current assets | 29/58 | €185,833 | €222,607 | +€36,774 | +19.8% |
| Amounts receivable within one year | 40/41 | €68,095 | €102,788 | +€34,692 | +50.9% |
| Trade receivables | 40 | €28,249 | €80,295 | +€52,046 | +184.2% |
| Other amounts receivable | 41 | €39,847 | €22,493 | -€17,354 | -43.6% |
| Cash at bank and in hand | 54/58 | €112,449 | €115,120 | +€2,671 | +2.4% |
| Deferred charges and accrued income | 490/1 | €5,288 | €4,699 | -€589 | -11.1% |
| Total equity and liabilities | 10/49 | €239,756 | €270,743 | +€30,987 | +12.9% |
| Equity | 10/15 | €133,882 | €163,099 | +€29,217 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,018 | €144,499 | +€4,481 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,676 | €10,676 | = | 0.0% |
| Distributable reserves | 133 | €127,482 | €131,963 | +€4,481 | +3.5% |
| Profit (loss) carried forward | 14 | -€24,736 | €0 | +€24,736 | |
| Amounts payable | 17/49 | €105,874 | €107,644 | +€1,770 | +1.7% |
| Amounts payable after more than one year | 17 | €8,750 | - | -€8,750 | |
| Financial debts | 170/4 | €8,750 | - | -€8,750 | |
| Amounts payable within one year | 42/48 | €97,124 | €107,644 | +€10,520 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €8,750 | +€1,250 | +16.7% |
| Trade debts | 44 | €926 | €999 | +€73 | +7.9% |
| Suppliers | 440/4 | €926 | €999 | +€73 | +7.9% |
| Taxes, remuneration and social security | 45 | €4,392 | €15,359 | +€10,967 | +249.7% |
| Taxes | 450/3 | €4,392 | €15,359 | +€10,967 | +249.7% |
| Other amounts payable | 47/48 | €84,305 | €82,535 | -€1,770 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,344 | €14,868 | +€524 | +3.7% |
| Other operating charges | 640/8 | €970 | €1,372 | +€402 | +41.5% |
| Gross operating margin | 9900 | -€8,705 | €59,603 | +€68,308 | |
| Operating profit (loss) | 9901 | -€24,019 | €43,363 | +€67,382 | |
| Financial income | 75/76B | - | €358 | +€358 | |
| Recurring financial income | 75 | - | €358 | +€358 | |
| Financial charges | 65/66B | €3,589 | €3,268 | -€321 | -8.9% |
| Recurring financial charges | 65 | €3,589 | €3,268 | -€321 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,608 | €40,453 | +€68,061 | |
| Income taxes | 67/77 | €435 | €11,236 | +€10,802 | +2484.6% |
| Profit (loss) for the period | 9904 | -€28,042 | €29,217 | +€57,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,042 | €29,217 | +€57,259 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.