THIELPA: 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.
What changed
THIELPA
NACE 96.993, Pet care services, excluding veterinary services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€278
2024 · €384-€106
Equity
€55,949
2024 · €55,671+€278
Cash
€31,418
2024 · €27,170+€4,248
Balance sheet total
€492,507
2024 · €525,360-€32,853
Largest movements
Assets
- Tangible fixed assets -€36,745
down €36,745 (-7.5%), from €489,864 to €453,119
of which Plant, machinery and equipment: -€27,499
Equity and liabilities
- Debts after one year -€42,641
down €42,641 (-14.4%), from €295,877 to €253,235
Income statement
- Gross operating margin -€1,464
down €1,464 (-1.0%), from €142,402 to €140,938
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.
Result 2024
€384
Gross operating margin
-€1,464
Staff costs
+€710
Depreciation
-€120
Other operating charges
-€542
Financial income
-€39
Financial charges
+€1,353
Taxes
-€4
Result 2025
€278
raises the resultlowers the result
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.
From operations
+€50,193
Investment
-€5,124
Financing
-€40,821
Cash 2024
€27,170
From operations (derived)
+€50,193
Net result for the year
+€278
Depreciation
+€41,869
Stocks and contracts
+€241
Receivables within one year
+€221
Deferred charges and accrued income
-€106
Trade debts
+€596
Tax, wage and social debts
+€4,763
Other debts
+€2,332
Investment (derived)
-€5,124
Investment in fixed assets (net)
-€5,124
Financing
-€40,821
Debts after one year
-€42,641
Current portion of long-term debt
+€1,820
Cash 2025
€31,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €525,360 | €492,507 | -€32,853 | -6.3% |
| Fixed assets | 21/28 | €490,005 | €453,260 | -€36,745 | -7.5% |
| Tangible fixed assets | 22/27 | €489,864 | €453,119 | -€36,745 | -7.5% |
| Land and buildings | 22 | €414,663 | €405,416 | -€9,247 | -2.2% |
| Plant, machinery and equipment | 23 | €75,201 | €47,703 | -€27,499 | -36.6% |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €35,354 | €39,247 | +€3,893 | +11.0% |
| Stocks and contracts in progress | 3 | €923 | €683 | -€241 | -26.1% |
| Stocks | 30/36 | €923 | €683 | -€241 | -26.1% |
| Amounts receivable within one year | 40/41 | €6,037 | €5,816 | -€221 | -3.7% |
| Trade receivables | 40 | €882 | €948 | +€66 | +7.5% |
| Other amounts receivable | 41 | €5,155 | €4,868 | -€287 | -5.6% |
| Cash at bank and in hand | 54/58 | €27,170 | €31,418 | +€4,248 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,331 | +€106 | +8.7% |
| Total equity and liabilities | 10/49 | €525,360 | €492,507 | -€32,853 | -6.3% |
| Equity | 10/15 | €55,671 | €55,949 | +€278 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,471 | €49,749 | +€278 | +0.6% |
| Distributable reserves | 133 | €49,471 | €49,749 | +€278 | +0.6% |
| Amounts payable | 17/49 | €469,689 | €436,559 | -€33,130 | -7.1% |
| Amounts payable after more than one year | 17 | €295,877 | €253,235 | -€42,641 | -14.4% |
| Financial debts | 170/4 | €295,877 | €253,235 | -€42,641 | -14.4% |
| Amounts payable within one year | 42/48 | €173,812 | €183,323 | +€9,511 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €41,247 | €43,067 | +€1,820 | +4.4% |
| Trade debts | 44 | €482 | €1,078 | +€596 | +124% |
| Suppliers | 440/4 | €482 | €1,078 | +€596 | +124% |
| Taxes, remuneration and social security | 45 | €5,651 | €10,413 | +€4,763 | +84.3% |
| Taxes | 450/3 | - | €4,561 | +€4,561 | |
| Remuneration and social security | 454/9 | €5,651 | €5,853 | +€202 | +3.6% |
| Other amounts payable | 47/48 | €126,433 | €128,765 | +€2,332 | +1.8% |
| Non-recurring operating income | 76A | €2,023 | €5,651 | +€3,627 | +179% |
| Remuneration, social security and pensions | 62 | €80,597 | €79,887 | -€710 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,749 | €41,869 | +€120 | +0.3% |
| Other operating charges | 640/8 | €4,184 | €4,726 | +€542 | +12.9% |
| Gross operating margin | 9900 | €142,402 | €140,938 | -€1,464 | -1.0% |
| Operating profit (loss) | 9901 | €15,872 | €14,456 | -€1,416 | -8.9% |
| Financial income | 75/76B | €40 | €1 | -€39 | -97.3% |
| Recurring financial income | 75 | €40 | €1 | -€39 | -97.3% |
| Financial charges | 65/66B | €15,401 | €14,048 | -€1,353 | -8.8% |
| Recurring financial charges | 65 | €15,401 | €14,048 | -€1,353 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €512 | €410 | -€102 | -19.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €384 | €278 | -€106 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €384 | €278 | -€106 | -27.6% |
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 19 October 2026 via checked.be.