THICA: 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.
What changed
THICA
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,948
2024 · €20,075-€9,127
Equity
€19,434
2024 · €8,485+€10,948
Cash
€6,033
2024 · €7,980-€1,947
Balance sheet total
€377,122
2024 · €393,947-€16,825
Largest movements
Assets
- Tangible fixed assets -€8,328
down €8,328 (-2.3%), from €368,675 to €360,347
of which Land and buildings: -€10,781
- Stocks and contracts -€5,389
down €5,389 (-68.7%), from €7,848 to €2,458
Equity and liabilities
- Debts after one year -€45,963
down €45,963 (-13.7%), from €334,393 to €288,431
- Other debts +€18,162
up €18,162 (+294.3%), from €6,170 to €24,332
- Reserves +€10,948
up €10,948 (+146.3%), from €7,485 to €18,434
of which Distributable reserves: +€10,948
Income statement
- Taxes +€3,072
up €3,072 (+89.3%), from €3,441 to €6,513
- Gross operating margin -€2,949
down €2,949 (-3.2%), from €91,489 to €88,540
- Staff costs +€2,466
up €2,466 (+5.4%), from €45,832 to €48,298
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.
Result 2024
€20,075
Gross operating margin
-€2,949
Staff costs
-€2,466
Depreciation
-€229
Other operating charges
-€105
Other operating items
+€138
Financial income
-€404
Financial charges
-€41
Taxes
-€3,072
Result 2025
€10,948
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.
From operations
+€51,098
Investment
-€6,689
Financing
-€46,357
Cash 2024
€7,980
From operations (derived)
+€51,098
Net result for the year
+€10,948
Depreciation
+€15,017
Stocks and contracts
+€5,389
Receivables within one year
+€2,747
Deferred charges and accrued income
-€1,586
Trade debts
-€1,070
Tax, wage and social debts
+€3,906
Other debts
+€18,162
Accrued charges and deferred income
-€2,415
Investment (derived)
-€6,689
Investment in fixed assets (net)
-€6,689
Financing
-€46,357
Debts after one year
-€45,963
Current portion of long-term debt
+€34
Short-term financial debts
-€428
Cash 2025
€6,033
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,947 | €377,122 | -€16,825 | -4.3% |
| Fixed assets | 21/28 | €368,675 | €360,347 | -€8,328 | -2.3% |
| Tangible fixed assets | 22/27 | €368,675 | €360,347 | -€8,328 | -2.3% |
| Land and buildings | 22 | €352,051 | €341,271 | -€10,781 | -3.1% |
| Plant, machinery and equipment | 23 | €14,432 | €15,845 | +€1,413 | +9.8% |
| Furniture and vehicles | 24 | €2,192 | €3,231 | +€1,040 | +47.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €25,272 | €16,775 | -€8,497 | -33.6% |
| Stocks and contracts in progress | 3 | €7,848 | €2,458 | -€5,389 | -68.7% |
| Stocks | 30/36 | €7,848 | €2,458 | -€5,389 | -68.7% |
| Amounts receivable within one year | 40/41 | €8,493 | €5,746 | -€2,747 | -32.3% |
| Trade receivables | 40 | €6,538 | €5,746 | -€792 | -12.1% |
| Other amounts receivable | 41 | €1,955 | €0 | -€1,955 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,980 | €6,033 | -€1,947 | -24.4% |
| Deferred charges and accrued income | 490/1 | €951 | €2,537 | +€1,586 | +166.8% |
| Total equity and liabilities | 10/49 | €393,947 | €377,122 | -€16,825 | -4.3% |
| Equity | 10/15 | €8,485 | €19,434 | +€10,948 | +129.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,485 | €18,434 | +€10,948 | +146.3% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €7,385 | €18,334 | +€10,948 | +148.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €385,462 | €357,688 | -€27,774 | -7.2% |
| Amounts payable after more than one year | 17 | €334,393 | €288,431 | -€45,963 | -13.7% |
| Financial debts | 170/4 | €334,393 | €288,431 | -€45,963 | -13.7% |
| Amounts payable within one year | 42/48 | €39,726 | €60,330 | +€20,604 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €20,929 | €20,963 | +€34 | +0.2% |
| Financial debts | 43 | €1,004 | €576 | -€428 | -42.6% |
| Credit institutions | 430/8 | €1,004 | €576 | -€428 | -42.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €8,128 | €7,058 | -€1,070 | -13.2% |
| Suppliers | 440/4 | €8,128 | €7,058 | -€1,070 | -13.2% |
| Taxes, remuneration and social security | 45 | €3,496 | €7,402 | +€3,906 | +111.7% |
| Taxes | 450/3 | €2,668 | €6,438 | +€3,771 | +141.4% |
| Remuneration and social security | 454/9 | €828 | €964 | +€135 | +16.3% |
| Other amounts payable | 47/48 | €6,170 | €24,332 | +€18,162 | +294.3% |
| Accrued charges and deferred income | 492/3 | €11,342 | €8,927 | -€2,415 | -21.3% |
| Non-recurring operating income | 76A | €275 | €0 | -€275 | -100.0% |
| Remuneration, social security and pensions | 62 | €45,832 | €48,298 | +€2,466 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,788 | €15,017 | +€229 | +1.5% |
| Other operating charges | 640/8 | €2,615 | €2,720 | +€105 | +4.0% |
| Non-recurring operating charges | 66A | €138 | €0 | -€138 | -100.0% |
| Gross operating margin | 9900 | €91,489 | €88,540 | -€2,949 | -3.2% |
| Operating profit (loss) | 9901 | €28,116 | €22,506 | -€5,610 | -20.0% |
| Financial income | 75/76B | €506 | €102 | -€404 | -79.8% |
| Recurring financial income | 75 | €506 | €102 | -€404 | -79.8% |
| Financial charges | 65/66B | €5,106 | €5,147 | +€41 | +0.8% |
| Recurring financial charges | 65 | €5,106 | €5,147 | +€41 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €23,516 | €17,461 | -€6,055 | -25.7% |
| Income taxes | 67/77 | €3,441 | €6,513 | +€3,072 | +89.3% |
| Profit (loss) for the period | 9904 | €20,075 | €10,948 | -€9,127 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,075 | €10,948 | -€9,127 | -45.5% |
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 12 October 2026 via checked.be.