THICHA: 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.
THICHA
Largest movements
- Receivables within one year -€9,854
no longer reported in 2025 (was €9,854)
of which Trade receivables: -€6,204
- Tangible fixed assets -€8,272
down €8,272 (-5.5%), from €149,090 to €140,818
of which Land and buildings: -€7,048
- Debts after one year -€19,731
down €19,731 (-11.5%), from €171,446 to €151,715
- Other debts -€17,597
down €17,597 (-35.4%), from €49,751 to €32,154
- Reserves +€15,123
up €15,123 (+20.1%), from €75,089 to €90,211
- Tax, wage and social debts +€3,846
up €3,846 (+224.2%), from €1,716 to €5,562
- Gross operating margin -€3,459
down €3,459 (-11.1%), from €31,180 to €27,721
- Depreciation -€602
down €602 (-6.8%), from €8,874 to €8,272
- Financial charges -€412
down €412 (-25.1%), from €1,642 to €1,231
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 | €160,117 | €143,251 | -€16,866 | -10.5% |
| Fixed assets | 21/28 | €149,090 | €140,818 | -€8,272 | -5.5% |
| Tangible fixed assets | 22/27 | €149,090 | €140,818 | -€8,272 | -5.5% |
| Land and buildings | 22 | €147,074 | €140,026 | -€7,048 | -4.8% |
| Furniture and vehicles | 24 | €2,016 | €791 | -€1,224 | -60.7% |
| Current assets | 29/58 | €11,027 | €2,433 | -€8,594 | -77.9% |
| Amounts receivable within one year | 40/41 | €9,854 | - | -€9,854 | |
| Trade receivables | 40 | €6,204 | - | -€6,204 | |
| Other amounts receivable | 41 | €3,650 | - | -€3,650 | |
| Cash at bank and in hand | 54/58 | €841 | €2,213 | +€1,372 | +163.1% |
| Deferred charges and accrued income | 490/1 | €332 | €220 | -€112 | -33.8% |
| Total equity and liabilities | 10/49 | €160,117 | €143,251 | -€16,866 | -10.5% |
| Equity | 10/15 | -€82,536 | -€67,413 | +€15,123 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,089 | €90,211 | +€15,123 | +20.1% |
| Distributable reserves | 133 | €75,089 | €90,211 | +€15,123 | +20.1% |
| Profit (loss) carried forward | 14 | -€176,224 | -€176,224 | = | 0.0% |
| Amounts payable | 17/49 | €242,653 | €210,664 | -€31,989 | -13.2% |
| Amounts payable after more than one year | 17 | €171,446 | €151,715 | -€19,731 | -11.5% |
| Financial debts | 170/4 | €171,446 | €151,715 | -€19,731 | -11.5% |
| Amounts payable within one year | 42/48 | €71,207 | €58,821 | -€12,386 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €19,127 | €19,731 | +€604 | +3.2% |
| Trade debts | 44 | €613 | €1,374 | +€761 | +124.1% |
| Suppliers | 440/4 | €613 | €1,374 | +€761 | +124.1% |
| Taxes, remuneration and social security | 45 | €1,716 | €5,562 | +€3,846 | +224.2% |
| Taxes | 450/3 | €1,716 | €5,562 | +€3,846 | +224.2% |
| Other amounts payable | 47/48 | €49,751 | €32,154 | -€17,597 | -35.4% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,874 | €8,272 | -€602 | -6.8% |
| Other operating charges | 640/8 | €1,795 | €1,850 | +€55 | +3.1% |
| Gross operating margin | 9900 | €31,180 | €27,721 | -€3,459 | -11.1% |
| Operating profit (loss) | 9901 | €20,510 | €17,599 | -€2,911 | -14.2% |
| Financial income | 75/76B | €5 | €267 | +€262 | +5232.8% |
| Recurring financial income | 75 | €5 | €267 | +€262 | +5232.8% |
| Financial charges | 65/66B | €1,642 | €1,231 | -€412 | -25.1% |
| Recurring financial charges | 65 | €1,642 | €1,231 | -€412 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €18,873 | €16,635 | -€2,238 | -11.9% |
| Income taxes | 67/77 | €1,716 | €1,512 | -€203 | -11.9% |
| Profit (loss) for the period | 9904 | €17,157 | €15,123 | -€2,035 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,157 | €15,123 | -€2,035 | -11.9% |
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 10 October 2026 via checked.be.