Thienpondt: what changed
What changed
Thienpondt
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€129,351
2024 · €75,300+€54,052
Equity
€334,412
2024 · €245,630+€88,782
Cash
€301,945
2024 · €125,797+€176,148
Balance sheet total
€735,634
2024 · €538,982+€196,652
Largest movements
Assets
- Cash +€176,148
up €176,148 (+140%), from €125,797 to €301,945
mainly Net result for the year (+€129,351) and Depreciation (+€79,632)
- Tangible fixed assets +€7,931
up €7,931 (+2.7%), from €293,117 to €301,048
of which Furniture and vehicles: +€50,659
Equity and liabilities
- Reserves +€88,782
up €88,782 (+39.2%), from €226,630 to €315,412
- Debts after one year +€45,173
up €45,173 (+84.9%), from €53,198 to €98,372
- Other debts +€40,079
up €40,079 (+33.7%), from €118,762 to €158,841
- Tax, wage and social debts +€35,254
up €35,254 (+112%), from €31,566 to €66,820
of which Taxes: +€31,729
- Trade debts -€31,847
down €31,847 (-58.7%), from €54,210 to €22,363
Income statement
- Gross operating margin +€78,637
up €78,637 (+24.6%), from €320,312 to €398,949
- Depreciation -€33,696
down €33,696 (-29.7%), from €113,328 to €79,632
- Staff costs +€28,995
up €28,995 (+30.4%), from €95,400 to €124,395
- Taxes +€27,044
up €27,044 (+107%), from €25,163 to €52,206
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,300
Gross operating margin
+€78,637
Staff costs
-€28,995
Depreciation
+€33,696
Other operating charges
-€352
Financial income
-€50
Financial charges
-€1,841
Taxes
-€27,044
Result 2025
€129,351
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€239,896
Investment
-€87,563
Financing
+€23,815
Cash 2024
€125,797
From operations (derived)
+€239,896
Net result for the year
+€129,351
Depreciation
+€79,632
Stocks and contracts
-€5,775
Receivables within one year
-€1,373
Deferred charges and accrued income
-€5,424
Trade debts
-€31,847
Tax, wage and social debts
+€35,254
Other debts
+€40,079
Investment (derived)
-€87,563
Investment in fixed assets (net)
-€87,563
Financing
+€23,815
Debts after one year
+€45,173
Current portion of long-term debt
+€19,211
Contributions, distributions and other
-€40,569
Cash 2025
€301,945
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,982 | €735,634 | +€196,652 | +36.5% |
| Fixed assets | 21/28 | €293,117 | €301,048 | +€7,931 | +2.7% |
| Tangible fixed assets | 22/27 | €293,117 | €301,048 | +€7,931 | +2.7% |
| Land and buildings | 22 | €17,046 | €14,374 | -€2,671 | -15.7% |
| Plant, machinery and equipment | 23 | €129,606 | €89,550 | -€40,056 | -30.9% |
| Furniture and vehicles | 24 | €146,465 | €197,124 | +€50,659 | +34.6% |
| Current assets | 29/58 | €245,865 | €434,586 | +€188,721 | +76.8% |
| Stocks and contracts in progress | 3 | €5,266 | €11,041 | +€5,775 | +110% |
| Stocks | 30/36 | €3,766 | €8,741 | +€4,975 | +132% |
| Contracts in progress | 37 | €1,500 | €2,300 | +€800 | +53.3% |
| Amounts receivable within one year | 40/41 | €114,802 | €116,176 | +€1,373 | +1.2% |
| Trade receivables | 40 | €114,802 | €81,849 | -€32,954 | -28.7% |
| Other amounts receivable | 41 | €0 | €34,327 | +€34,327 | |
| Cash at bank and in hand | 54/58 | €125,797 | €301,945 | +€176,148 | +140% |
| Deferred charges and accrued income | 490/1 | - | €5,424 | +€5,424 | |
| Total equity and liabilities | 10/49 | €538,982 | €735,634 | +€196,652 | +36.5% |
| Equity | 10/15 | €245,630 | €334,412 | +€88,782 | +36.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €226,630 | €315,412 | +€88,782 | +39.2% |
| Distributable reserves | 133 | €226,630 | €315,412 | +€88,782 | +39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,352 | €401,223 | +€107,871 | +36.8% |
| Amounts payable after more than one year | 17 | €53,198 | €98,372 | +€45,173 | +84.9% |
| Financial debts | 170/4 | €53,198 | €98,372 | +€45,173 | +84.9% |
| Amounts payable within one year | 42/48 | €240,154 | €302,851 | +€62,697 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €35,615 | €54,827 | +€19,211 | +53.9% |
| Trade debts | 44 | €54,210 | €22,363 | -€31,847 | -58.7% |
| Suppliers | 440/4 | €54,210 | €22,363 | -€31,847 | -58.7% |
| Taxes, remuneration and social security | 45 | €31,566 | €66,820 | +€35,254 | +112% |
| Taxes | 450/3 | €26,118 | €57,847 | +€31,729 | +121% |
| Remuneration and social security | 454/9 | €5,448 | €8,973 | +€3,525 | +64.7% |
| Other amounts payable | 47/48 | €118,762 | €158,841 | +€40,079 | +33.7% |
| Non-recurring operating income | 76A | €0 | €116,174 | +€116,174 | |
| Remuneration, social security and pensions | 62 | €95,400 | €124,395 | +€28,995 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,328 | €79,632 | -€33,696 | -29.7% |
| Other operating charges | 640/8 | €3,258 | €3,610 | +€352 | +10.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €320,312 | €398,949 | +€78,637 | +24.6% |
| Operating profit (loss) | 9901 | €108,326 | €191,312 | +€82,986 | +76.6% |
| Financial income | 75/76B | €53 | €3 | -€50 | -94.0% |
| Recurring financial income | 75 | €53 | €3 | -€50 | -94.0% |
| Financial charges | 65/66B | €7,917 | €9,758 | +€1,841 | +23.2% |
| Recurring financial charges | 65 | €7,917 | €9,758 | +€1,841 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €100,462 | €181,557 | +€81,095 | +80.7% |
| Income taxes | 67/77 | €25,163 | €52,206 | +€27,044 | +107% |
| Profit (loss) for the period | 9904 | €75,300 | €129,351 | +€54,052 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,300 | €129,351 | +€54,052 | +71.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.