THIELS JAN: 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.
THIELS JAN
Largest movements
- Cash -€10,102
down €10,102 (-22.0%), from €45,963 to €35,860
mainly Contributions, distributions and other (-€19,927) and Receivables within one year (-€7,730)
- Receivables within one year +€7,730
up €7,730 (+22.1%), from €34,993 to €42,722
- Deferred charges and accrued income -€2,155
down €2,155 (-90.3%), from €2,388 to €232
- Tax, wage and social debts -€2,551
down €2,551 (-52.0%), from €4,903 to €2,353
- Accrued charges and deferred income -€1,300
no longer reported in 2025 (was €1,300)
- Gross operating margin -€6,905
down €6,905 (-21.0%), from €32,934 to €26,029
- Taxes -€2,550
down €2,550 (-32.0%), from €7,961 to €5,411
- Financial charges +€978
up €978 (+1559.4%), from €63 to €1,041
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 | €83,343 | €78,814 | -€4,528 | -5.4% |
| Current assets | 29/58 | €83,343 | €78,814 | -€4,528 | -5.4% |
| Amounts receivable within one year | 40/41 | €34,993 | €42,722 | +€7,730 | +22.1% |
| Other amounts receivable | 41 | €34,993 | €42,722 | +€7,730 | +22.1% |
| Cash at bank and in hand | 54/58 | €45,963 | €35,860 | -€10,102 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,388 | €232 | -€2,155 | -90.3% |
| Total equity and liabilities | 10/49 | €83,343 | €78,814 | -€4,528 | -5.4% |
| Equity | 10/15 | €77,136 | €76,462 | -€674 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,736 | €64,062 | -€674 | -1.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €61,736 | €61,062 | -€674 | -1.1% |
| Amounts payable | 17/49 | €6,207 | €2,353 | -€3,855 | -62.1% |
| Amounts payable within one year | 42/48 | €4,907 | €2,353 | -€2,555 | -52.1% |
| Trade debts | 44 | €4 | - | -€4 | |
| Suppliers | 440/4 | €4 | - | -€4 | |
| Taxes, remuneration and social security | 45 | €4,903 | €2,353 | -€2,551 | -52.0% |
| Taxes | 450/3 | €4,903 | €2,353 | -€2,551 | -52.0% |
| Accrued charges and deferred income | 492/3 | €1,300 | - | -€1,300 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €32,934 | €26,029 | -€6,905 | -21.0% |
| Operating profit (loss) | 9901 | €32,428 | €25,509 | -€6,919 | -21.3% |
| Financial income | 75/76B | €204 | €195 | -€9 | -4.5% |
| Recurring financial income | 75 | €204 | €195 | -€9 | -4.5% |
| Financial charges | 65/66B | €63 | €1,041 | +€978 | +1559.4% |
| Recurring financial charges | 65 | €63 | €1,041 | +€978 | +1559.4% |
| Profit (loss) for the period before taxes | 9903 | €32,570 | €24,664 | -€7,906 | -24.3% |
| Income taxes | 67/77 | €7,961 | €5,411 | -€2,550 | -32.0% |
| Profit (loss) for the period | 9904 | €24,608 | €19,253 | -€5,356 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,608 | €19,253 | -€5,356 | -21.8% |
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 9 October 2026 via checked.be.