THIJST: what changed
THIJST
Largest movements
- Tangible fixed assets +€396,082
up €396,082 (+28.2%), from €1.4m to €1.8m
of which Land and buildings: +€957,995
- Receivables within one year +€35,541
up €35,541 (+6,370%), from €558 to €36,099
of which Other amounts receivable: +€35,988
- Debts after one year +€355,355
up €355,355 (+61.8%), from €575,438 to €930,793
of which Financial debts: +€355,355
- Other debts +€100,881
up €100,881 (+18.3%), from €551,117 to €651,997
- Profit (loss) carried forward -€38,668
down €38,668 (-21.8%), from -€177,538 to -€216,206
- Current portion of long-term debt +€23,796
up €23,796 (+33.6%), from €70,849 to €94,645
- Gross operating margin -€46,751
down €46,751 (-31.9%), from €146,578 to €99,828
- Financial charges -€13,021
down €13,021 (-33.2%), from €39,258 to €26,238
- Depreciation +€11,439
up €11,439 (+12.1%), from €94,304 to €105,743
- Other operating charges +€2,202
up €2,202 (+47.6%), from €4,629 to €6,831
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,444,746 | €1,869,036 | +€424,291 | +29.4% |
| Fixed assets | 21/28 | €1,406,917 | €1,802,999 | +€396,082 | +28.2% |
| Tangible fixed assets | 22/27 | €1,406,917 | €1,802,999 | +€396,082 | +28.2% |
| Land and buildings | 22 | €845,005 | €1,802,999 | +€957,995 | +113% |
| Other tangible fixed assets | 26 | €561,912 | €0 | -€561,912 | -100% |
| Current assets | 29/58 | €37,828 | €66,037 | +€28,208 | +74.6% |
| Amounts receivable within one year | 40/41 | €558 | €36,099 | +€35,541 | +6,370% |
| Trade receivables | 40 | €471 | €24 | -€446 | -94.9% |
| Other amounts receivable | 41 | €87 | €36,075 | +€35,988 | +41,171% |
| Cash at bank and in hand | 54/58 | €37,271 | €28,242 | -€9,028 | -24.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,695 | +€1,695 | |
| Total equity and liabilities | 10/49 | €1,444,746 | €1,869,036 | +€424,291 | +29.4% |
| Equity | 10/15 | €222,462 | €183,794 | -€38,668 | -17.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,538 | -€216,206 | -€38,668 | -21.8% |
| Amounts payable | 17/49 | €1,222,284 | €1,685,243 | +€462,959 | +37.9% |
| Amounts payable after more than one year | 17 | €575,438 | €930,793 | +€355,355 | +61.8% |
| Financial debts | 170/4 | €515,438 | €870,793 | +€355,355 | +68.9% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €623,832 | €749,766 | +€125,934 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €70,849 | €94,645 | +€23,796 | +33.6% |
| Trade debts | 44 | €866 | €2,124 | +€1,258 | +145% |
| Suppliers | 440/4 | €866 | €2,124 | +€1,258 | +145% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Taxes | 450/3 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €551,117 | €651,997 | +€100,881 | +18.3% |
| Accrued charges and deferred income | 492/3 | €23,014 | €4,684 | -€18,331 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,304 | €105,743 | +€11,439 | +12.1% |
| Other operating charges | 640/8 | €4,629 | €6,831 | +€2,202 | +47.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €146,578 | €99,828 | -€46,751 | -31.9% |
| Operating profit (loss) | 9901 | €47,646 | -€12,746 | -€60,392 | |
| Financial income | 75/76B | - | €316 | +€316 | |
| Recurring financial income | 75 | - | €316 | +€316 | |
| Financial charges | 65/66B | €39,258 | €26,238 | -€13,021 | -33.2% |
| Recurring financial charges | 65 | €39,258 | €26,238 | -€13,021 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €8,387 | -€38,668 | -€47,056 | |
| Profit (loss) for the period | 9904 | €8,387 | -€38,668 | -€47,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,387 | -€38,668 | -€47,056 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.