THIJS: 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.
THIJS
Largest movements
- Tangible fixed assets -€16,002
down €16,002 (-18.6%), from €85,899 to €69,896
of which Furniture and vehicles: -€10,363
- Receivables within one year -€10,706
down €10,706 (-22.6%), from €47,459 to €36,753
of which Other amounts receivable: -€11,039
- Cash -€8,395
down €8,395 (-45.1%), from €18,616 to €10,221
mainly Contributions, distributions and other (-€28,000) and Debts after one year (-€21,322)
- Debts after one year -€21,322
down €21,322 (-60.0%), from €35,561 to €14,239
- Reserves -€9,829
down €9,829 (-17.2%), from €57,030 to €47,201
of which Distributable reserves: -€10,737
- Gross operating margin +€5,594
up €5,594 (+14.3%), from €39,138 to €44,733
- Depreciation -€3,445
down €3,445 (-17.7%), from €19,448 to €16,002
- Taxes +€2,664
up €2,664 (+51.4%), from €5,183 to €7,847
- Other operating charges +€1,872
up €1,872 (+205%), from €912 to €2,784
- Financial charges -€630
down €630 (-20.5%), from €3,070 to €2,440
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,704 | €378,469 | -€35,236 | -8.5% |
| Fixed assets | 21/28 | €285,899 | €269,896 | -€16,002 | -5.6% |
| Tangible fixed assets | 22/27 | €85,899 | €69,896 | -€16,002 | -18.6% |
| Land and buildings | 22 | €56,375 | €53,489 | -€2,887 | -5.1% |
| Plant, machinery and equipment | 23 | €2,753 | - | -€2,753 | |
| Furniture and vehicles | 24 | €26,770 | €16,407 | -€10,363 | -38.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €127,806 | €108,572 | -€19,233 | -15.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,459 | €36,753 | -€10,706 | -22.6% |
| Trade receivables | 40 | - | €333 | +€333 | |
| Other amounts receivable | 41 | €47,459 | €36,420 | -€11,039 | -23.3% |
| Cash at bank and in hand | 54/58 | €18,616 | €10,221 | -€8,395 | -45.1% |
| Deferred charges and accrued income | 490/1 | €1,730 | €1,598 | -€132 | -7.6% |
| Total equity and liabilities | 10/49 | €413,704 | €378,469 | -€35,236 | -8.5% |
| Equity | 10/15 | €339,253 | €329,424 | -€9,829 | -2.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €34,330 | €34,330 | = | 0.0% |
| Reserves | 13 | €57,030 | €47,201 | -€9,829 | -17.2% |
| Non-distributable reserves | 130/1 | €7,425 | €8,333 | +€909 | +12.2% |
| Legal reserve | 130 | €7,425 | €8,333 | +€909 | +12.2% |
| Distributable reserves | 133 | €49,605 | €38,868 | -€10,737 | -21.6% |
| Amounts payable | 17/49 | €74,451 | €49,044 | -€25,407 | -34.1% |
| Amounts payable after more than one year | 17 | €35,561 | €14,239 | -€21,322 | -60.0% |
| Financial debts | 170/4 | €35,561 | €14,239 | -€21,322 | -60.0% |
| Amounts payable within one year | 42/48 | €38,890 | €34,805 | -€4,085 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €20,307 | €20,750 | +€443 | +2.2% |
| Trade debts | 44 | €3,009 | €501 | -€2,508 | -83.3% |
| Suppliers | 440/4 | €3,009 | €501 | -€2,508 | -83.3% |
| Taxes, remuneration and social security | 45 | €1,510 | €283 | -€1,227 | -81.2% |
| Taxes | 450/3 | €1,510 | €283 | -€1,227 | -81.2% |
| Other amounts payable | 47/48 | €14,064 | €13,271 | -€793 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,448 | €16,002 | -€3,445 | -17.7% |
| Other operating charges | 640/8 | €912 | €2,784 | +€1,872 | +205% |
| Gross operating margin | 9900 | €39,138 | €44,733 | +€5,594 | +14.3% |
| Operating profit (loss) | 9901 | €18,778 | €25,946 | +€7,168 | +38.2% |
| Financial income | 75/76B | €2,684 | €2,513 | -€171 | -6.4% |
| Recurring financial income | 75 | €2,684 | €2,513 | -€171 | -6.4% |
| Financial charges | 65/66B | €3,070 | €2,440 | -€630 | -20.5% |
| Recurring financial charges | 65 | €3,070 | €2,440 | -€630 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €18,392 | €26,019 | +€7,627 | +41.5% |
| Income taxes | 67/77 | €5,183 | €7,847 | +€2,664 | +51.4% |
| Profit (loss) for the period | 9904 | €13,208 | €18,171 | +€4,963 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,208 | €18,171 | +€4,963 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.