THIJSEN GUY: 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.
THIJSEN GUY
Largest movements
- Tangible fixed assets -€39,363
down €39,363 (-9.0%), from €437,340 to €397,977
of which Other tangible fixed assets: -€32,849
- Receivables within one year +€8,308
up €8,308 (+26.9%), from €30,860 to €39,168
of which Trade receivables: +€8,041
- Cash +€5,164
up €5,164 (+516,400%), from €1 to €5,165
mainly Net result for the year (+€56,392) and Depreciation (+€40,736)
- Debts after one year -€61,667
down €61,667 (-25.6%), from €240,735 to €179,068
- Other debts -€35,997
down €35,997 (-23.5%), from €153,047 to €117,050
- Reserves +€30,209
up €30,209 (+151%), from €19,956 to €50,165
- Profit (loss) carried forward +€26,183
up €26,183, from -€26,183 to €0
- Tax, wage and social debts +€18,856
up €18,856 (+257%), from €7,341 to €26,197
- Gross operating margin +€54,332
up €54,332 (+70.9%), from €76,610 to €130,942
- Taxes +€17,178
up €17,178 (+536%), from €3,207 to €20,385
- Depreciation -€5,441
down €5,441 (-11.8%), from €46,177 to €40,736
- Financial charges -€2,322
down €2,322 (-16.2%), from €14,322 to €12,000
- Other operating charges -€1,660
down €1,660 (-33.5%), from €4,952 to €3,292
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.
Derived cash bridge
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 | €474,814 | €449,173 | -€25,641 | -5.4% |
| Fixed assets | 21/28 | €442,755 | €403,392 | -€39,363 | -8.9% |
| Intangible fixed assets | 21 | €4,665 | €4,665 | = | 0.0% |
| Tangible fixed assets | 22/27 | €437,340 | €397,977 | -€39,363 | -9.0% |
| Land and buildings | 22 | €31,250 | €31,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,355 | €12,923 | -€3,432 | -21.0% |
| Furniture and vehicles | 24 | €6,674 | €3,592 | -€3,082 | -46.2% |
| Other tangible fixed assets | 26 | €383,061 | €350,212 | -€32,849 | -8.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €32,059 | €45,781 | +€13,722 | +42.8% |
| Amounts receivable within one year | 40/41 | €30,860 | €39,168 | +€8,308 | +26.9% |
| Trade receivables | 40 | - | €8,041 | +€8,041 | |
| Other amounts receivable | 41 | €30,860 | €31,127 | +€267 | +0.9% |
| Cash at bank and in hand | 54/58 | €1 | €5,165 | +€5,164 | +516,400% |
| Deferred charges and accrued income | 490/1 | €1,198 | €1,448 | +€250 | +20.9% |
| Total equity and liabilities | 10/49 | €474,814 | €449,173 | -€25,641 | -5.4% |
| Equity | 10/15 | €12,373 | €68,765 | +€56,392 | +456% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,956 | €50,165 | +€30,209 | +151% |
| Distributable reserves | 133 | €19,956 | €50,165 | +€30,209 | +151% |
| Profit (loss) carried forward | 14 | -€26,183 | €0 | +€26,183 | |
| Amounts payable | 17/49 | €462,441 | €380,408 | -€82,033 | -17.7% |
| Amounts payable after more than one year | 17 | €240,735 | €179,068 | -€61,667 | -25.6% |
| Financial debts | 170/4 | €240,735 | €179,068 | -€61,667 | -25.6% |
| Amounts payable within one year | 42/48 | €221,706 | €201,340 | -€20,366 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €57,302 | €56,857 | -€445 | -0.8% |
| Trade debts | 44 | €4,016 | €1,236 | -€2,780 | -69.2% |
| Suppliers | 440/4 | €4,016 | €1,236 | -€2,780 | -69.2% |
| Taxes, remuneration and social security | 45 | €7,341 | €26,197 | +€18,856 | +257% |
| Taxes | 450/3 | €7,341 | €26,197 | +€18,856 | +257% |
| Other amounts payable | 47/48 | €153,047 | €117,050 | -€35,997 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,177 | €40,736 | -€5,441 | -11.8% |
| Other operating charges | 640/8 | €4,952 | €3,292 | -€1,660 | -33.5% |
| Gross operating margin | 9900 | €76,610 | €130,942 | +€54,332 | +70.9% |
| Operating profit (loss) | 9901 | €25,481 | €86,914 | +€61,433 | +241% |
| Financial income | 75/76B | €1,479 | €1,863 | +€384 | +26.0% |
| Recurring financial income | 75 | €1,479 | €1,863 | +€384 | +26.0% |
| Financial charges | 65/66B | €14,322 | €12,000 | -€2,322 | -16.2% |
| Recurring financial charges | 65 | €14,322 | €12,000 | -€2,322 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €12,638 | €76,777 | +€64,139 | +508% |
| Income taxes | 67/77 | €3,207 | €20,385 | +€17,178 | +536% |
| Profit (loss) for the period | 9904 | €9,431 | €56,392 | +€46,961 | +498% |
| Profit (loss) for the period to be appropriated | 9905 | €9,431 | €56,392 | +€46,961 | +498% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.