Thidec: 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.
Thidec
Largest movements
- Cash -€28,695
down €28,695 (-49.5%), from €57,959 to €29,264
mainly Debts after one year (-€40,302) and Receivables within one year (-€4,324)
- Debts after one year -€40,302
down €40,302 (-15.4%), from €260,884 to €220,583
- Reserves +€11,657
up €11,657 (+1,923%), from €606 to €12,263
- Gross operating margin +€17,060
up €17,060 (+181%), from €9,446 to €26,506
- Financial charges +€14,528
up €14,528 (+1,455%), from €999 to €15,527
- Financial income +€5,714
new in 2025: €5,714
- Taxes +€1,936
up €1,936 (+111%), from €1,740 to €3,676
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.
Derived cash bridge
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 | €845,668 | €820,588 | -€25,080 | -3.0% |
| Fixed assets | 21/28 | €787,000 | €787,000 | = | 0.0% |
| Financial fixed assets | 28 | €787,000 | €787,000 | = | 0.0% |
| Current assets | 29/58 | €58,668 | €33,588 | -€25,080 | -42.7% |
| Amounts receivable within one year | 40/41 | - | €4,324 | +€4,324 | |
| Other amounts receivable | 41 | - | €4,324 | +€4,324 | |
| Cash at bank and in hand | 54/58 | €57,959 | €29,264 | -€28,695 | -49.5% |
| Deferred charges and accrued income | 490/1 | €709 | - | -€709 | |
| Total equity and liabilities | 10/49 | €845,668 | €820,588 | -€25,080 | -3.0% |
| Equity | 10/15 | €6,606 | €18,263 | +€11,657 | +176% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €606 | €12,263 | +€11,657 | +1,923% |
| Distributable reserves | 133 | €606 | €12,263 | +€11,657 | +1,923% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €839,062 | €802,325 | -€36,737 | -4.4% |
| Amounts payable after more than one year | 17 | €260,884 | €220,583 | -€40,302 | -15.4% |
| Financial debts | 170/4 | €260,884 | €220,583 | -€40,302 | -15.4% |
| Amounts payable within one year | 42/48 | €578,047 | €581,346 | +€3,299 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €39,116 | €40,302 | +€1,186 | +3.0% |
| Trade debts | 44 | €359,618 | €360,795 | +€1,177 | +0.3% |
| Suppliers | 440/4 | €359,618 | €360,795 | +€1,177 | +0.3% |
| Taxes, remuneration and social security | 45 | €10,412 | €7,653 | -€2,759 | -26.5% |
| Taxes | 450/3 | €10,412 | €7,653 | -€2,759 | -26.5% |
| Other amounts payable | 47/48 | €168,901 | €172,597 | +€3,696 | +2.2% |
| Accrued charges and deferred income | 492/3 | €131 | €396 | +€265 | +203% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | €9,446 | €26,506 | +€17,060 | +181% |
| Operating profit (loss) | 9901 | €9,059 | €25,979 | +€16,920 | +187% |
| Financial income | 75/76B | - | €5,714 | +€5,714 | |
| Recurring financial income | 75 | - | €5,714 | +€5,714 | |
| Financial charges | 65/66B | €999 | €15,527 | +€14,528 | +1,455% |
| Recurring financial charges | 65 | €999 | €15,527 | +€14,528 | +1,455% |
| Profit (loss) for the period before taxes | 9903 | €8,060 | €16,166 | +€8,105 | +101% |
| Income taxes | 67/77 | €1,740 | €3,676 | +€1,936 | +111% |
| Profit (loss) for the period | 9904 | €6,320 | €12,490 | +€6,170 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,320 | €12,490 | +€6,170 | +97.6% |
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 23 October 2026 via checked.be.