THIDO: 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.
THIDO
Largest movements
- Tangible fixed assets +€124,195
up €124,195 (+5459.0%), from €2,275 to €126,470
of which Furniture and vehicles: +€115,557
- Cash +€2,252
up €2,252 (+90.8%), from €2,481 to €4,733
mainly Debts after one year (+€87,565) and Current portion of long-term debt (+€23,541)
- Debts after one year +€87,565
up €87,565 (+3502.6%), from €2,500 to €90,065
of which Financial debts: +€84,065
- Current portion of long-term debt +€23,541
new in 2025: €23,541
- Reserves +€10,475
up €10,475 (+80.5%), from €13,014 to €23,489
- Tax, wage and social debts +€5,813
up €5,813 (+70.4%), from €8,260 to €14,073
of which Taxes: +€3,013
- Gross operating margin +€21,501
up €21,501 (+96.9%), from €22,200 to €43,702
- Depreciation +€21,294
up €21,294 (+4030.7%), from €528 to €21,822
- Financial charges +€3,207
up €3,207 (+1248.2%), from €257 to €3,464
- Other operating charges +€721
up €721 (+89.8%), from €803 to €1,524
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 | €32,161 | €159,225 | +€127,063 | +395.1% |
| Fixed assets | 21/28 | €2,275 | €126,470 | +€124,195 | +5459.0% |
| Tangible fixed assets | 22/27 | €2,275 | €126,470 | +€124,195 | +5459.0% |
| Plant, machinery and equipment | 23 | €2,275 | €2,605 | +€330 | +14.5% |
| Furniture and vehicles | 24 | - | €115,557 | +€115,557 | |
| Other tangible fixed assets | 26 | - | €8,309 | +€8,309 | |
| Current assets | 29/58 | €29,886 | €32,754 | +€2,868 | +9.6% |
| Amounts receivable within one year | 40/41 | €27,405 | €28,022 | +€616 | +2.2% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €15,305 | €15,922 | +€616 | +4.0% |
| Cash at bank and in hand | 54/58 | €2,481 | €4,733 | +€2,252 | +90.8% |
| Total equity and liabilities | 10/49 | €32,161 | €159,225 | +€127,063 | +395.1% |
| Equity | 10/15 | €15,514 | €25,989 | +€10,475 | +67.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,014 | €23,489 | +€10,475 | +80.5% |
| Distributable reserves | 133 | €13,014 | €23,489 | +€10,475 | +80.5% |
| Amounts payable | 17/49 | €16,647 | €133,236 | +€116,589 | +700.4% |
| Amounts payable after more than one year | 17 | €2,500 | €90,065 | +€87,565 | +3502.6% |
| Financial debts | 170/4 | - | €84,065 | +€84,065 | |
| Other amounts payable | 178/9 | €2,500 | €6,000 | +€3,500 | +140.0% |
| Amounts payable within one year | 42/48 | €13,946 | €42,732 | +€28,786 | +206.4% |
| Current portion of amounts payable after more than one year | 42 | - | €23,541 | +€23,541 | |
| Trade debts | 44 | €408 | €385 | -€23 | -5.6% |
| Suppliers | 440/4 | €408 | €385 | -€23 | -5.6% |
| Taxes, remuneration and social security | 45 | €8,260 | €14,073 | +€5,813 | +70.4% |
| Taxes | 450/3 | €8,260 | €11,273 | +€3,013 | +36.5% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €5,278 | €4,733 | -€545 | -10.3% |
| Accrued charges and deferred income | 492/3 | €201 | €439 | +€238 | +118.1% |
| Non-recurring operating income | 76A | - | €36,095 | +€36,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528 | €21,822 | +€21,294 | +4030.7% |
| Other operating charges | 640/8 | €803 | €1,524 | +€721 | +89.8% |
| Non-recurring operating charges | 66A | €431 | - | -€431 | |
| Gross operating margin | 9900 | €22,200 | €43,702 | +€21,501 | +96.9% |
| Operating profit (loss) | 9901 | €20,438 | €20,355 | -€83 | -0.4% |
| Financial income | 75/76B | €305 | €679 | +€374 | +122.4% |
| Recurring financial income | 75 | €305 | €679 | +€374 | +122.4% |
| Financial charges | 65/66B | €257 | €3,464 | +€3,207 | +1248.2% |
| Recurring financial charges | 65 | €257 | €3,464 | +€3,207 | +1248.2% |
| Profit (loss) for the period before taxes | 9903 | €20,487 | €17,571 | -€2,916 | -14.2% |
| Income taxes | 67/77 | €5,755 | €5,430 | -€325 | -5.6% |
| Profit (loss) for the period | 9904 | €14,732 | €12,141 | -€2,591 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,732 | €12,141 | -€2,591 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.