ThiCon: 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.
ThiCon
Largest movements
- Current investments +€56,993
up €56,993 (+36.6%), from €155,779 to €212,773
- Tangible fixed assets -€18,424
down €18,424 (-30.6%), from €60,175 to €41,751
of which Furniture and vehicles: -€11,586
- Receivables within one year -€5,244
down €5,244 (-10.8%), from €48,403 to €43,159
of which Trade receivables: -€5,230
- Other debts +€31,368
up €31,368 (+49.9%), from €62,863 to €94,231
- Depreciation -€4,328
down €4,328 (-34.6%), from €12,516 to €8,188
- Gross operating margin +€3,224
up €3,224 (+2.7%), from €118,644 to €121,868
- Financial income +€1,883
up €1,883 (+44.7%), from €4,209 to €6,092
- Taxes +€1,331
up €1,331 (+5.2%), from €25,704 to €27,035
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 | €285,412 | €315,027 | +€29,615 | +10.4% |
| Fixed assets | 21/28 | €60,200 | €41,776 | -€18,424 | -30.6% |
| Tangible fixed assets | 22/27 | €60,175 | €41,751 | -€18,424 | -30.6% |
| Land and buildings | 22 | €18,615 | €18,068 | -€548 | -2.9% |
| Plant, machinery and equipment | 23 | €146 | €0 | -€146 | -100.0% |
| Furniture and vehicles | 24 | €16,935 | €5,350 | -€11,586 | -68.4% |
| Other tangible fixed assets | 26 | €24,478 | €18,334 | -€6,144 | -25.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €225,212 | €273,251 | +€48,039 | +21.3% |
| Amounts receivable within one year | 40/41 | €48,403 | €43,159 | -€5,244 | -10.8% |
| Trade receivables | 40 | €48,389 | €43,159 | -€5,230 | -10.8% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100.0% |
| Current investments | 50/53 | €155,779 | €212,773 | +€56,993 | +36.6% |
| Cash at bank and in hand | 54/58 | €10,500 | €9,103 | -€1,397 | -13.3% |
| Deferred charges and accrued income | 490/1 | €10,530 | €8,217 | -€2,314 | -22.0% |
| Total equity and liabilities | 10/49 | €285,412 | €315,027 | +€29,615 | +10.4% |
| Equity | 10/15 | €209,369 | €209,369 | = | 0.0% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €208,769 | €208,769 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,704 | €4,704 | = | 0.0% |
| Distributable reserves | 133 | €204,065 | €204,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,043 | €105,658 | +€29,615 | +38.9% |
| Amounts payable within one year | 42/48 | €76,043 | €105,658 | +€29,615 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,527 | €3,942 | +€415 | +11.8% |
| Other loans | 439 | €3,527 | €3,942 | +€415 | +11.8% |
| Trade debts | 44 | €799 | €929 | +€130 | +16.2% |
| Suppliers | 440/4 | €799 | €929 | +€130 | +16.2% |
| Taxes, remuneration and social security | 45 | €8,854 | €6,556 | -€2,298 | -25.9% |
| Taxes | 450/3 | €8,854 | €6,556 | -€2,298 | -25.9% |
| Other amounts payable | 47/48 | €62,863 | €94,231 | +€31,368 | +49.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,240 | +€10,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,516 | €8,188 | -€4,328 | -34.6% |
| Other operating charges | 640/8 | €1,444 | €1,318 | -€127 | -8.8% |
| Gross operating margin | 9900 | €118,644 | €121,868 | +€3,224 | +2.7% |
| Operating profit (loss) | 9901 | €104,684 | €112,363 | +€7,678 | +7.3% |
| Financial income | 75/76B | €4,209 | €6,092 | +€1,883 | +44.7% |
| Recurring financial income | 75 | €4,209 | €6,092 | +€1,883 | +44.7% |
| Financial charges | 65/66B | €729 | €1,401 | +€672 | +92.3% |
| Recurring financial charges | 65 | €729 | €1,401 | +€672 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €108,165 | €117,053 | +€8,889 | +8.2% |
| Income taxes | 67/77 | €25,704 | €27,035 | +€1,331 | +5.2% |
| Profit (loss) for the period | 9904 | €82,461 | €90,018 | +€7,558 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,461 | €90,018 | +€7,558 | +9.2% |
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 6 October 2026 via checked.be.