THICO IT: 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.
THICO IT
Largest movements
- Cash -€97,976
down €97,976 (-76.7%), from €127,725 to €29,749
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€5,771)
- Receivables within one year +€5,771
up €5,771 (+43.3%), from €13,323 to €19,095
of which Other amounts receivable: +€4,597
- Tangible fixed assets +€3,005
new in 2025: €3,005
- Reserves -€109,499
down €109,499 (-91.2%), from €120,088 to €10,589
- Other debts +€21,730
up €21,730 (+234.5%), from €9,268 to €30,998
- Tax, wage and social debts -€1,448
down €1,448 (-20.4%), from €7,109 to €5,661
- Gross operating margin -€7,900
down €7,900 (-12.8%), from €61,500 to €53,601
- Taxes -€1,803
down €1,803 (-14.8%), from €12,215 to €10,411
- Depreciation +€795
new in 2025: €795
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 | €142,717 | €53,757 | -€88,960 | -62.3% |
| Fixed assets | 21/28 | - | €3,005 | +€3,005 | |
| Tangible fixed assets | 22/27 | - | €3,005 | +€3,005 | |
| Plant, machinery and equipment | 23 | - | €3,005 | +€3,005 | |
| Current assets | 29/58 | €142,717 | €50,752 | -€91,965 | -64.4% |
| Amounts receivable within one year | 40/41 | €13,323 | €19,095 | +€5,771 | +43.3% |
| Trade receivables | 40 | €13,310 | €14,484 | +€1,174 | +8.8% |
| Other amounts receivable | 41 | €13 | €4,611 | +€4,597 | +34232.3% |
| Cash at bank and in hand | 54/58 | €127,725 | €29,749 | -€97,976 | -76.7% |
| Deferred charges and accrued income | 490/1 | €1,669 | €1,908 | +€239 | +14.3% |
| Total equity and liabilities | 10/49 | €142,717 | €53,757 | -€88,960 | -62.3% |
| Equity | 10/15 | €125,088 | €15,589 | -€109,499 | -87.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,088 | €10,589 | -€109,499 | -91.2% |
| Distributable reserves | 133 | €120,088 | €10,589 | -€109,499 | -91.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,629 | €38,168 | +€20,539 | +116.5% |
| Amounts payable within one year | 42/48 | €17,629 | €38,168 | +€20,539 | +116.5% |
| Trade debts | 44 | €1,252 | €1,509 | +€257 | +20.5% |
| Suppliers | 440/4 | €1,252 | €1,509 | +€257 | +20.5% |
| Taxes, remuneration and social security | 45 | €7,109 | €5,661 | -€1,448 | -20.4% |
| Taxes | 450/3 | €7,109 | €5,661 | -€1,448 | -20.4% |
| Other amounts payable | 47/48 | €9,268 | €30,998 | +€21,730 | +234.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €795 | +€795 | |
| Other operating charges | 640/8 | €85 | €487 | +€402 | +472.8% |
| Gross operating margin | 9900 | €61,500 | €53,601 | -€7,900 | -12.8% |
| Operating profit (loss) | 9901 | €61,415 | €52,319 | -€9,097 | -14.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,520 | €1,407 | -€113 | -7.5% |
| Recurring financial charges | 65 | €1,520 | €1,407 | -€113 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €59,895 | €50,912 | -€8,983 | -15.0% |
| Income taxes | 67/77 | €12,215 | €10,411 | -€1,803 | -14.8% |
| Profit (loss) for the period | 9904 | €47,680 | €40,501 | -€7,179 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,680 | €40,501 | -€7,179 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.