THIEVAK: what changed
Two fiscal 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.
THIEVAK
Largest movements
- Tangible fixed assets -€11,657
down €11,657 (-12.8%), from €91,293 to €79,636
of which Land and buildings: -€7,590
- Profit (loss) carried forward -€7,998
down €7,998 (-5.1%), from -€156,373 to -€164,371
- Other debts -€4,213
down €4,213 (-2.3%), from €185,727 to €181,514
- Trade debts +€1,015
new in 2025: €1,015
- Gross operating margin -€882
down €882 (-11.1%), from €7,929 to €7,047
- Other operating charges -€173
down €173 (-5.2%), from €3,307 to €3,134
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 | €91,671 | €80,475 | -€11,196 | -12.2% |
| Fixed assets | 21/28 | €91,293 | €79,636 | -€11,657 | -12.8% |
| Tangible fixed assets | 22/27 | €91,293 | €79,636 | -€11,657 | -12.8% |
| Land and buildings | 22 | €60,870 | €53,281 | -€7,590 | -12.5% |
| Plant, machinery and equipment | 23 | €30,423 | €26,355 | -€4,068 | -13.4% |
| Current assets | 29/58 | €378 | €840 | +€462 | +122.0% |
| Cash at bank and in hand | 54/58 | €344 | €805 | +€461 | +134.1% |
| Deferred charges and accrued income | 490/1 | €34 | €35 | +€1 | +1.9% |
| Total equity and liabilities | 10/49 | €91,671 | €80,475 | -€11,196 | -12.2% |
| Equity | 10/15 | -€94,056 | -€102,054 | -€7,998 | -8.5% |
| Contributions | 10/11 | €62,097 | €62,097 | = | 0.0% |
| Reserves | 13 | €220 | €220 | = | 0.0% |
| Distributable reserves | 133 | €220 | €220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,373 | -€164,371 | -€7,998 | -5.1% |
| Amounts payable | 17/49 | €185,727 | €182,529 | -€3,198 | -1.7% |
| Amounts payable within one year | 42/48 | €185,727 | €182,529 | -€3,198 | -1.7% |
| Trade debts | 44 | - | €1,015 | +€1,015 | |
| Suppliers | 440/4 | - | €1,015 | +€1,015 | |
| Other amounts payable | 47/48 | €185,727 | €181,514 | -€4,213 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,657 | €11,657 | = | 0.0% |
| Other operating charges | 640/8 | €3,307 | €3,134 | -€173 | -5.2% |
| Gross operating margin | 9900 | €7,929 | €7,047 | -€882 | -11.1% |
| Operating profit (loss) | 9901 | -€7,035 | -€7,744 | -€709 | -10.1% |
| Financial charges | 65/66B | €253 | €253 | = | 0.0% |
| Recurring financial charges | 65 | €253 | €253 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,288 | -€7,998 | -€709 | -9.7% |
| Profit (loss) for the period | 9904 | -€7,288 | -€7,998 | -€709 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,288 | -€7,998 | -€709 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.