Thiebaut Services: 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.
Thiebaut Services
Largest movements
- Cash +€99,040
up €99,040 (+123%), from €80,557 to €179,597
mainly Net result for the year (+€99,088) and Depreciation (+€9,685)
- Receivables within one year +€13,937
up €13,937 (+115%), from €12,110 to €26,047
of which Trade receivables: +€13,915
- Tangible fixed assets -€9,685
down €9,685 (-95.8%), from €10,110 to €425
- Reserves +€99,088
up €99,088 (+120%), from €82,828 to €181,916
- Tax, wage and social debts +€6,220
up €6,220 (+37.4%), from €16,631 to €22,852
- Gross operating margin +€50,228
up €50,228 (+56.1%), from €89,557 to €139,785
- Taxes +€12,043
up €12,043 (+63.4%), from €18,980 to €31,023
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.
Derived cash bridge
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 | €105,004 | €208,829 | +€103,824 | +98.9% |
| Fixed assets | 21/28 | €10,110 | €425 | -€9,685 | -95.8% |
| Tangible fixed assets | 22/27 | €10,110 | €425 | -€9,685 | -95.8% |
| Furniture and vehicles | 24 | €10,110 | €425 | -€9,685 | -95.8% |
| Current assets | 29/58 | €94,895 | €208,404 | +€113,509 | +120% |
| Amounts receivable within one year | 40/41 | €12,110 | €26,047 | +€13,937 | +115% |
| Trade receivables | 40 | €12,100 | €26,015 | +€13,915 | +115% |
| Other amounts receivable | 41 | €10 | €32 | +€22 | +213% |
| Cash at bank and in hand | 54/58 | €80,557 | €179,597 | +€99,040 | +123% |
| Deferred charges and accrued income | 490/1 | €2,227 | €2,760 | +€532 | +23.9% |
| Total equity and liabilities | 10/49 | €105,004 | €208,829 | +€103,824 | +98.9% |
| Equity | 10/15 | €84,828 | €183,916 | +€99,088 | +117% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,828 | €181,916 | +€99,088 | +120% |
| Distributable reserves | 133 | €82,828 | €181,916 | +€99,088 | +120% |
| Amounts payable | 17/49 | €20,176 | €24,912 | +€4,736 | +23.5% |
| Amounts payable within one year | 42/48 | €20,176 | €24,912 | +€4,736 | +23.5% |
| Trade debts | 44 | €1,462 | €1,041 | -€422 | -28.8% |
| Suppliers | 440/4 | €1,462 | €1,041 | -€422 | -28.8% |
| Taxes, remuneration and social security | 45 | €16,631 | €22,852 | +€6,220 | +37.4% |
| Taxes | 450/3 | €16,631 | €22,852 | +€6,220 | +37.4% |
| Other amounts payable | 47/48 | €2,082 | €1,020 | -€1,062 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,575 | €9,685 | +€110 | +1.1% |
| Other operating charges | 640/8 | €608 | €852 | +€245 | +40.3% |
| Gross operating margin | 9900 | €89,557 | €139,785 | +€50,228 | +56.1% |
| Operating profit (loss) | 9901 | €79,374 | €129,247 | +€49,873 | +62.8% |
| Financial income | 75/76B | €200 | €1,018 | +€818 | +408% |
| Recurring financial income | 75 | €200 | €1,018 | +€818 | +408% |
| Financial charges | 65/66B | €201 | €154 | -€47 | -23.3% |
| Recurring financial charges | 65 | €201 | €154 | -€47 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €79,373 | €130,112 | +€50,738 | +63.9% |
| Income taxes | 67/77 | €18,980 | €31,023 | +€12,043 | +63.4% |
| Profit (loss) for the period | 9904 | €60,393 | €99,088 | +€38,695 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,393 | €99,088 | +€38,695 | +64.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.