THIEBA: 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.
THIEBA
Largest movements
- Cash +€26,761
up €26,761 (+393.4%), from €6,803 to €33,564
mainly Depreciation (+€97,768) and Net result for the year (+€57,320)
- Reserves +€57,320
up €57,320 (+19.3%), from €296,841 to €354,161
of which Distributable reserves: +€74,632
- Other debts -€51,276
down €51,276 (-2.9%), from €1.8m to €1.7m
- Gross operating margin +€52,739
up €52,739 (+51.4%), from €102,633 to €155,371
- Depreciation +€5,882
up €5,882 (+6.4%), from €91,886 to €97,768
- Financial income +€1,746
up €1,746, from €0 to €1,746
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,290,029 | €2,298,275 | +€8,246 | +0.4% |
| Fixed assets | 21/28 | €2,276,100 | €2,263,387 | -€12,713 | -0.6% |
| Tangible fixed assets | 22/27 | €2,276,072 | €2,263,359 | -€12,713 | -0.6% |
| Land and buildings | 22 | €2,276,072 | €2,263,359 | -€12,713 | -0.6% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €13,928 | €34,888 | +€20,959 | +150.5% |
| Amounts receivable within one year | 40/41 | €6,182 | €0 | -€6,182 | -100.0% |
| Other amounts receivable | 41 | €6,182 | €0 | -€6,182 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,803 | €33,564 | +€26,761 | +393.4% |
| Deferred charges and accrued income | 490/1 | €943 | €1,324 | +€381 | +40.3% |
| Total equity and liabilities | 10/49 | €2,290,029 | €2,298,275 | +€8,246 | +0.4% |
| Equity | 10/15 | €474,360 | €531,680 | +€57,320 | +12.1% |
| Contributions | 10/11 | €177,519 | €177,519 | = | 0.0% |
| Capital | 10 | €177,519 | €177,519 | = | 0.0% |
| Issued capital | 100 | €177,519 | €177,519 | = | 0.0% |
| Reserves | 13 | €296,841 | €354,161 | +€57,320 | +19.3% |
| Non-distributable reserves | 130/1 | €17,752 | €17,752 | = | 0.0% |
| Legal reserve | 130 | €17,752 | €17,752 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,811 | €48,500 | -€17,312 | -26.3% |
| Distributable reserves | 133 | €213,278 | €287,910 | +€74,632 | +35.0% |
| Provisions and deferred taxes | 16 | €21,937 | €16,167 | -€5,771 | -26.3% |
| Deferred taxes | 168 | €21,937 | €16,167 | -€5,771 | -26.3% |
| Amounts payable | 17/49 | €1,793,732 | €1,750,428 | -€43,303 | -2.4% |
| Amounts payable within one year | 42/48 | €1,793,714 | €1,750,355 | -€43,359 | -2.4% |
| Trade debts | 44 | €2,217 | €18,354 | +€16,136 | +727.7% |
| Suppliers | 440/4 | €2,217 | €18,354 | +€16,136 | +727.7% |
| Advances received on contracts in progress | 46 | €10,472 | €0 | -€10,472 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,053 | €8,305 | +€2,252 | +37.2% |
| Taxes | 450/3 | €6,053 | €8,305 | +€2,252 | +37.2% |
| Other amounts payable | 47/48 | €1,774,973 | €1,723,697 | -€51,276 | -2.9% |
| Accrued charges and deferred income | 492/3 | €17 | €73 | +€56 | +320.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,886 | €97,768 | +€5,882 | +6.4% |
| Other operating charges | 640/8 | €7,847 | €7,760 | -€87 | -1.1% |
| Gross operating margin | 9900 | €102,633 | €155,371 | +€52,739 | +51.4% |
| Operating profit (loss) | 9901 | €2,900 | €49,843 | +€46,943 | +1618.9% |
| Financial income | 75/76B | €0 | €1,746 | +€1,746 | |
| Recurring financial income | 75 | €0 | €1,746 | +€1,746 | |
| Financial charges | 65/66B | €39 | €40 | +€0 | +0.7% |
| Recurring financial charges | 65 | €39 | €40 | +€0 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,860 | €51,550 | +€48,689 | +1702.3% |
| Transfer from deferred taxes | 780 | €5,771 | €5,771 | = | 0.0% |
| Profit (loss) for the period | 9904 | €8,631 | €57,320 | +€48,689 | +564.1% |
| Transfer from tax-exempt reserves | 789 | €17,312 | €17,312 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,942 | €74,632 | +€48,689 | +187.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.