THIERASSUR: 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
THIERASSUR
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,556
2024 · -€292-€1,264
Equity
€47,209
2024 · €48,765-€1,556
Cash
€29,016
2024 · €61,895-€32,879
Balance sheet total
€121,970
2024 · €120,069+€1,901
Largest movements
Assets
- Current investments +€36,375
up €36,375 (+70.4%), from €51,700 to €88,075
- Cash -€32,879
down €32,879 (-53.1%), from €61,895 to €29,016
mainly Current investments (-€36,375) and Net result for the year (-€1,556)
Equity and liabilities
- Trade debts +€1,921
new in 2025: €1,921
of which Suppliers: +€1,921
- Profit (loss) carried forward -€1,556
down €1,556, from €1,496 to -€60
- Other debts +€1,536
up €1,536 (+2.2%), from €71,304 to €72,841
Income statement
- Purchases and services +€32,583
new in 2025: €32,583
- Turnover +€29,131
new in 2025: €29,131
- Gross operating margin -€3,158
down €3,158, from €1,538 to -€1,620
- Financial income +€1,238
up €1,238 (+125.6%), from €986 to €2,224
of which Financial income: +€1,238
- Other operating charges -€605
down €605 (-40.5%), from €1,495 to €890
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
-€292
Gross operating margin
-€3,158
Depreciation
-€536
Other operating charges
+€605
Financial income
+€1,238
Financial charges
-€12
Taxes
+€598
Result 2025
-€1,556
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.
From operations
+€3,496
Investment
-€36,375
Financing
€0
Cash 2024
€61,895
From operations (derived)
+€3,496
Net result for the year
-€1,556
Depreciation
+€746
Receivables within one year
-€229
Deferred charges and accrued income
+€1,078
Trade debts
+€1,921
Other debts
+€1,536
Investment (derived)
-€36,375
Current investments
-€36,375
Cash 2025
€29,016
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,069 | €121,970 | +€1,901 | +1.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,130 | €1,384 | -€746 | -35.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,031 | €1,284 | -€746 | -36.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,031 | €1,284 | -€746 | -36.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €117,939 | €120,586 | +€2,647 | +2.2% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,990 | €3,220 | +€229 | +7.7% |
| Trade receivables | 40 | €1,782 | €1,886 | +€104 | +5.8% |
| Other amounts receivable | 41 | €1,208 | €1,333 | +€125 | +10.4% |
| Current investments | 50/53 | €51,700 | €88,075 | +€36,375 | +70.4% |
| Cash at bank and in hand | 54/58 | €61,895 | €29,016 | -€32,879 | -53.1% |
| Deferred charges and accrued income | 490/1 | €1,354 | €276 | -€1,078 | -79.6% |
| Total equity and liabilities | 10/49 | €120,069 | €121,970 | +€1,901 | +1.6% |
| Equity | 10/15 | €48,765 | €47,209 | -€1,556 | -3.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €22,479 | €22,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €22,479 | €22,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,496 | -€60 | -€1,556 | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €71,304 | €74,761 | +€3,457 | +4.8% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €71,304 | €74,761 | +€3,457 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | - | €1,921 | +€1,921 | |
| Suppliers | 440/4 | - | €1,921 | +€1,921 | |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €71,304 | €72,841 | +€1,536 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €29,131 | +€29,131 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €32,583 | +€32,583 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €746 | +€536 | +255.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €1,495 | €890 | -€605 | -40.5% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €1,538 | -€1,620 | -€3,158 | |
| Operating profit (loss) | 9901 | -€168 | -€3,256 | -€3,089 | -1841.3% |
| Financial income | 75/76B | €986 | €2,224 | +€1,238 | +125.6% |
| Recurring financial income | 75 | €986 | €2,224 | +€1,238 | +125.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €140 | €152 | +€12 | +8.3% |
| Recurring financial charges | 65 | €140 | €152 | +€12 | +8.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €678 | -€1,184 | -€1,862 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €970 | €372 | -€598 | -61.6% |
| Profit (loss) for the period | 9904 | -€292 | -€1,556 | -€1,264 | -433.2% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€292 | -€1,556 | -€1,264 | -433.2% |
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 12 October 2026 via checked.be.