THIERY: 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.
THIERY
Largest movements
- Cash +€408,007
up €408,007 (+2533.9%), from €16,102 to €424,109
mainly Net result for the year (+€368,426) and Provisions (+€123,958)
- Receivables within one year +€88,184
up €88,184 (+897.1%), from €9,829 to €98,013
of which Other amounts receivable: +€88,720
- Tangible fixed assets -€79,355
no longer reported in 2025 (was €79,355)
- Reserves +€371,875
up €371,875 (+16791.0%), from €2,215 to €374,090
of which Tax-exempt reserves: +€371,875
- Provisions +€123,958
new in 2025: €123,958
- Trade debts -€33,068
down €33,068 (-93.7%), from €35,282 to €2,214
- Revaluation surpluses -€30,000
no longer reported in 2025 (was €30,000)
- Other debts -€14,272
no longer reported in 2025 (was €14,272)
- Gross operating margin +€509,182
up €509,182, from -€12,135 to €497,047
- Depreciation -€5,206
no longer reported in 2025 (was €5,206)
- Other operating charges -€5,075
down €5,075 (-89.7%), from €5,655 to €580
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 | €105,286 | €522,122 | +€416,836 | +395.9% |
| Fixed assets | 21/28 | €79,355 | - | -€79,355 | |
| Tangible fixed assets | 22/27 | €79,355 | - | -€79,355 | |
| Land and buildings | 22 | €79,355 | - | -€79,355 | |
| Current assets | 29/58 | €25,931 | €522,122 | +€496,191 | +1913.5% |
| Amounts receivable within one year | 40/41 | €9,829 | €98,013 | +€88,184 | +897.1% |
| Trade receivables | 40 | €536 | - | -€536 | |
| Other amounts receivable | 41 | €9,293 | €98,013 | +€88,720 | +954.6% |
| Cash at bank and in hand | 54/58 | €16,102 | €424,109 | +€408,007 | +2533.9% |
| Total equity and liabilities | 10/49 | €105,286 | €522,122 | +€416,836 | +395.9% |
| Equity | 10/15 | €53,941 | €392,367 | +€338,426 | +627.4% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Revaluation surpluses | 12 | €30,000 | - | -€30,000 | |
| Reserves | 13 | €2,215 | €374,090 | +€371,875 | +16791.0% |
| Tax-exempt reserves | 132 | - | €371,875 | +€371,875 | |
| Distributable reserves | 133 | €2,215 | €2,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,227 | €4,777 | -€3,449 | -41.9% |
| Provisions and deferred taxes | 16 | - | €123,958 | +€123,958 | |
| Deferred taxes | 168 | - | €123,958 | +€123,958 | |
| Amounts payable | 17/49 | €51,345 | €5,797 | -€45,549 | -88.7% |
| Amounts payable within one year | 42/48 | €51,345 | €5,797 | -€45,549 | -88.7% |
| Trade debts | 44 | €35,282 | €2,214 | -€33,068 | -93.7% |
| Suppliers | 440/4 | €35,282 | €2,214 | -€33,068 | -93.7% |
| Taxes, remuneration and social security | 45 | €1,792 | €3,582 | +€1,791 | +99.9% |
| Taxes | 450/3 | €420 | €3,582 | +€3,162 | +752.5% |
| Remuneration and social security | 454/9 | €1,372 | - | -€1,372 | |
| Other amounts payable | 47/48 | €14,272 | - | -€14,272 | |
| Non-recurring operating income | 76A | €166 | €511,145 | +€510,979 | +308152.8% |
| Remuneration, social security and pensions | 62 | €6,094 | €4,696 | -€1,399 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,206 | - | -€5,206 | |
| Other operating charges | 640/8 | €5,655 | €580 | -€5,075 | -89.7% |
| Gross operating margin | 9900 | -€12,135 | €497,047 | +€509,182 | |
| Operating profit (loss) | 9901 | -€29,090 | €491,771 | +€520,861 | |
| Financial income | 75/76B | €14 | €913 | +€899 | +6241.6% |
| Recurring financial income | 75 | €14 | €913 | +€899 | +6241.6% |
| Financial charges | 65/66B | €879 | €300 | -€579 | -65.9% |
| Recurring financial charges | 65 | €879 | €300 | -€579 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,955 | €492,384 | +€522,339 | |
| Transfer to deferred taxes | 680 | - | €123,958 | +€123,958 | |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€29,950 | €368,426 | +€398,376 | |
| Transfer to tax-exempt reserves | 689 | - | €371,875 | +€371,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,950 | -€3,449 | +€26,500 | +88.5% |
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.