Thielemans Evy: 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.
Thielemans Evy
Largest movements
- Tangible fixed assets -€40,098
down €40,098 (-6.4%), from €630,769 to €590,671
of which Other tangible fixed assets: -€21,316
- Cash +€32,853
up €32,853 (+109%), from €30,008 to €62,861
mainly Other debts (+€60,954) and Depreciation (+€40,098)
- Other debts +€60,954
up €60,954 (+123%), from €49,473 to €110,427
- Reserves -€36,852
down €36,852 (-35.7%), from €103,273 to €66,421
of which Distributable reserves: -€36,852
- Debts after one year -€33,726
down €33,726 (-8.1%), from €418,346 to €384,620
- Gross operating margin +€9,697
up €9,697 (+14.4%), from €67,404 to €77,102
- Taxes +€3,382
up €3,382 (+61.1%), from €5,532 to €8,914
- Financial income -€3,086
down €3,086 (-76.7%), from €4,024 to €938
- Other operating charges -€1,991
down €1,991 (-75.3%), from €2,644 to €654
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 | €703,826 | €698,520 | -€5,307 | -0.8% |
| Fixed assets | 21/28 | €630,769 | €590,671 | -€40,098 | -6.4% |
| Tangible fixed assets | 22/27 | €630,769 | €590,671 | -€40,098 | -6.4% |
| Land and buildings | 22 | €240,653 | €227,969 | -€12,684 | -5.3% |
| Plant, machinery and equipment | 23 | €1,489 | €875 | -€614 | -41.2% |
| Furniture and vehicles | 24 | €22,055 | €16,571 | -€5,484 | -24.9% |
| Other tangible fixed assets | 26 | €366,572 | €345,256 | -€21,316 | -5.8% |
| Current assets | 29/58 | €73,058 | €107,849 | +€34,791 | +47.6% |
| Current investments | 50/53 | €28,467 | €35,405 | +€6,938 | +24.4% |
| Cash at bank and in hand | 54/58 | €30,008 | €62,861 | +€32,853 | +109% |
| Deferred charges and accrued income | 490/1 | €14,583 | €9,583 | -€5,000 | -34.3% |
| Total equity and liabilities | 10/49 | €703,826 | €698,520 | -€5,307 | -0.8% |
| Equity | 10/15 | €173,922 | €137,070 | -€36,852 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,273 | €66,421 | -€36,852 | -35.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,413 | €64,561 | -€36,852 | -36.3% |
| Profit (loss) carried forward | 14 | €52,049 | €52,049 | +€0 | 0.0% |
| Amounts payable | 17/49 | €529,905 | €561,450 | +€31,545 | +6.0% |
| Amounts payable after more than one year | 17 | €418,346 | €384,620 | -€33,726 | -8.1% |
| Financial debts | 170/4 | €418,346 | €384,620 | -€33,726 | -8.1% |
| Amounts payable within one year | 42/48 | €111,559 | €176,830 | +€65,271 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €33,192 | €33,726 | +€534 | +1.6% |
| Trade debts | 44 | €2,949 | €4,478 | +€1,529 | +51.8% |
| Suppliers | 440/4 | €2,949 | €4,478 | +€1,529 | +51.8% |
| Taxes, remuneration and social security | 45 | €25,944 | €28,200 | +€2,255 | +8.7% |
| Taxes | 450/3 | €20,971 | €23,226 | +€2,255 | +10.8% |
| Remuneration and social security | 454/9 | €4,974 | €4,974 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €49,473 | €110,427 | +€60,954 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,975 | €40,098 | +€123 | +0.3% |
| Other operating charges | 640/8 | €2,644 | €654 | -€1,991 | -75.3% |
| Gross operating margin | 9900 | €67,404 | €77,102 | +€9,697 | +14.4% |
| Operating profit (loss) | 9901 | €24,785 | €36,350 | +€11,565 | +46.7% |
| Financial income | 75/76B | €4,024 | €938 | -€3,086 | -76.7% |
| Recurring financial income | 75 | €4,024 | €938 | -€3,086 | -76.7% |
| Financial charges | 65/66B | €8,244 | €7,636 | -€608 | -7.4% |
| Recurring financial charges | 65 | €8,244 | €7,636 | -€608 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €20,565 | €29,652 | +€9,087 | +44.2% |
| Income taxes | 67/77 | €5,532 | €8,914 | +€3,382 | +61.1% |
| Profit (loss) for the period | 9904 | €15,033 | €20,737 | +€5,704 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,033 | €20,737 | +€5,704 | +37.9% |
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 17 October 2026 via checked.be.