THIENPONT: what changed
What changed
THIENPONT
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
-€27,869
2024 · -€85,827+€57,958
Equity
€466,171
2024 · €494,040-€27,869
Cash
€71,431
2024 · €67,729+€3,702
Balance sheet total
€607,916
2024 · €641,430-€33,514
Largest movements
Assets
- Stocks and contracts -€20,524
down €20,524 (-7.2%), from €284,981 to €264,457
- Tangible fixed assets -€13,287
down €13,287 (-26.3%), from €50,535 to €37,247
of which Other tangible fixed assets: -€7,762
- Receivables within one year -€7,356
down €7,356 (-3.2%), from €233,131 to €225,775
of which Other amounts receivable: -€12,171
Equity and liabilities
- Reserves -€27,869
down €27,869 (-5.9%), from €475,448 to €447,579
- Current portion of long-term debt -€6,636
no longer reported in 2025 (was €6,636)
Income statement
- Gross operating margin +€54,424
up €54,424 (+30.9%), from €176,057 to €230,481
- Staff costs +€8,067
up €8,067 (+3.3%), from €244,274 to €252,341
- Depreciation -€6,463
down €6,463 (-32.7%), from €19,750 to €13,287
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
-€85,827
Gross operating margin
+€54,424
Staff costs
-€8,067
Depreciation
+€6,463
Other operating charges
+€690
Financial income
+€2,223
Financial charges
+€2,234
Taxes
-€9
Result 2025
-€27,869
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
+€15,401
Investment
€0
Financing
-€11,699
Cash 2024
€67,729
From operations (derived)
+€15,401
Net result for the year
-€27,869
Depreciation
+€13,287
Stocks and contracts
+€20,524
Receivables within one year
+€7,356
Deferred charges and accrued income
-€3,951
Trade debts
-€163
Tax, wage and social debts
+€3,070
Other debts
+€990
Accrued charges and deferred income
+€2,157
Financing
-€11,699
Current portion of long-term debt
-€6,636
Short-term financial debts
-€5,063
Cash 2025
€71,431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,430 | €607,916 | -€33,514 | -5.2% |
| Fixed assets | 21/28 | €52,698 | €39,411 | -€13,287 | -25.2% |
| Tangible fixed assets | 22/27 | €50,535 | €37,247 | -€13,287 | -26.3% |
| Land and buildings | 22 | €22,070 | €20,150 | -€1,920 | -8.7% |
| Furniture and vehicles | 24 | €8,128 | €4,523 | -€3,605 | -44.4% |
| Other tangible fixed assets | 26 | €20,336 | €12,574 | -€7,762 | -38.2% |
| Financial fixed assets | 28 | €2,164 | €2,164 | = | 0.0% |
| Current assets | 29/58 | €588,731 | €568,504 | -€20,227 | -3.4% |
| Stocks and contracts in progress | 3 | €284,981 | €264,457 | -€20,524 | -7.2% |
| Stocks | 30/36 | €284,981 | €264,457 | -€20,524 | -7.2% |
| Amounts receivable within one year | 40/41 | €233,131 | €225,775 | -€7,356 | -3.2% |
| Trade receivables | 40 | €2,697 | €7,512 | +€4,815 | +179% |
| Other amounts receivable | 41 | €230,434 | €218,263 | -€12,171 | -5.3% |
| Current investments | 50/53 | €278 | €278 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,729 | €71,431 | +€3,702 | +5.5% |
| Deferred charges and accrued income | 490/1 | €2,612 | €6,562 | +€3,951 | +151% |
| Total equity and liabilities | 10/49 | €641,430 | €607,916 | -€33,514 | -5.2% |
| Equity | 10/15 | €494,040 | €466,171 | -€27,869 | -5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €475,448 | €447,579 | -€27,869 | -5.9% |
| Distributable reserves | 133 | €475,448 | €447,579 | -€27,869 | -5.9% |
| Amounts payable | 17/49 | €147,389 | €141,744 | -€5,645 | -3.8% |
| Amounts payable within one year | 42/48 | €147,389 | €139,587 | -€7,802 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €6,636 | - | -€6,636 | |
| Financial debts | 43 | €5,063 | - | -€5,063 | |
| Credit institutions | 430/8 | €5,063 | - | -€5,063 | |
| Trade debts | 44 | €61,320 | €61,157 | -€163 | -0.3% |
| Suppliers | 440/4 | €61,320 | €61,157 | -€163 | -0.3% |
| Taxes, remuneration and social security | 45 | €38,821 | €41,892 | +€3,070 | +7.9% |
| Taxes | 450/3 | €16,245 | €18,068 | +€1,823 | +11.2% |
| Remuneration and social security | 454/9 | €22,576 | €23,824 | +€1,248 | +5.5% |
| Other amounts payable | 47/48 | €35,549 | €36,539 | +€990 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €2,157 | +€2,157 | |
| Remuneration, social security and pensions | 62 | €244,274 | €252,341 | +€8,067 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,750 | €13,287 | -€6,463 | -32.7% |
| Other operating charges | 640/8 | €3,051 | €2,361 | -€690 | -22.6% |
| Gross operating margin | 9900 | €176,057 | €230,481 | +€54,424 | +30.9% |
| Operating profit (loss) | 9901 | -€91,018 | -€37,508 | +€53,510 | +58.8% |
| Financial income | 75/76B | €10,328 | €12,551 | +€2,223 | +21.5% |
| Recurring financial income | 75 | €10,328 | €12,551 | +€2,223 | +21.5% |
| Financial charges | 65/66B | €5,005 | €2,771 | -€2,234 | -44.6% |
| Recurring financial charges | 65 | €5,005 | €2,771 | -€2,234 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€85,695 | -€27,728 | +€57,967 | +67.6% |
| Income taxes | 67/77 | €132 | €141 | +€9 | +6.8% |
| Profit (loss) for the period | 9904 | -€85,827 | -€27,869 | +€57,958 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,827 | -€27,869 | +€57,958 | +67.5% |
Next steps
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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.