THILI: 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.
THILI
Largest movements
- Cash +€60,580
up €60,580 (+208.6%), from €29,035 to €89,615
mainly Net result for the year (+€90,904) and Depreciation (+€54,240)
- Tangible fixed assets -€54,240
down €54,240 (-9.2%), from €589,612 to €535,372
- Receivables within one year -€10,000
down €10,000 (-55.6%), from €18,000 to €8,000
- Other debts -€103,000
down €103,000 (-19.5%), from €527,534 to €424,534
- Reserves +€79,552
up €79,552 (+136.1%), from €58,465 to €138,017
of which Distributable reserves: +€76,287
- Profit (loss) carried forward +€11,352
no longer reported in 2025 (was -€11,352)
- Tax, wage and social debts +€9,124
new in 2025: €9,124
- Gross operating margin +€97,328
up €97,328 (+111.0%), from €87,690 to €185,019
- Taxes +€37,124
new in 2025: €37,124
- Financial income +€5,870
new in 2025: €5,870
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 | €636,647 | €635,318 | -€1,329 | -0.2% |
| Fixed assets | 21/28 | €589,612 | €535,372 | -€54,240 | -9.2% |
| Tangible fixed assets | 22/27 | €589,612 | €535,372 | -€54,240 | -9.2% |
| Land and buildings | 22 | €589,612 | €535,372 | -€54,240 | -9.2% |
| Current assets | 29/58 | €47,035 | €99,946 | +€52,911 | +112.5% |
| Amounts receivable within one year | 40/41 | €18,000 | €8,000 | -€10,000 | -55.6% |
| Other amounts receivable | 41 | €18,000 | €8,000 | -€10,000 | -55.6% |
| Cash at bank and in hand | 54/58 | €29,035 | €89,615 | +€60,580 | +208.6% |
| Deferred charges and accrued income | 490/1 | - | €2,331 | +€2,331 | |
| Total equity and liabilities | 10/49 | €636,647 | €635,318 | -€1,329 | -0.2% |
| Equity | 10/15 | €109,113 | €200,017 | +€90,904 | +83.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €58,465 | €138,017 | +€79,552 | +136.1% |
| Non-distributable reserves | 130/1 | €2,935 | €6,200 | +€3,265 | +111.3% |
| Legal reserve | 130 | €2,935 | €6,200 | +€3,265 | +111.3% |
| Distributable reserves | 133 | €55,530 | €131,817 | +€76,287 | +137.4% |
| Profit (loss) carried forward | 14 | -€11,352 | - | +€11,352 | |
| Amounts payable | 17/49 | €527,534 | €435,301 | -€92,233 | -17.5% |
| Amounts payable within one year | 42/48 | €527,534 | €435,301 | -€92,233 | -17.5% |
| Trade debts | 44 | - | €1,643 | +€1,643 | |
| Suppliers | 440/4 | - | €1,643 | +€1,643 | |
| Taxes, remuneration and social security | 45 | - | €9,124 | +€9,124 | |
| Taxes | 450/3 | - | €9,124 | +€9,124 | |
| Other amounts payable | 47/48 | €527,534 | €424,534 | -€103,000 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,240 | €54,240 | = | 0.0% |
| Other operating charges | 640/8 | €8,270 | €8,563 | +€293 | +3.5% |
| Gross operating margin | 9900 | €87,690 | €185,019 | +€97,328 | +111.0% |
| Operating profit (loss) | 9901 | €25,180 | €122,216 | +€97,036 | +385.4% |
| Financial income | 75/76B | - | €5,870 | +€5,870 | |
| Recurring financial income | 75 | - | €5,870 | +€5,870 | |
| Financial charges | 65/66B | €44 | €58 | +€14 | +32.6% |
| Recurring financial charges | 65 | €44 | €58 | +€14 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €25,136 | €128,028 | +€102,892 | +409.3% |
| Income taxes | 67/77 | - | €37,124 | +€37,124 | |
| Profit (loss) for the period | 9904 | €25,136 | €90,904 | +€65,767 | +261.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,136 | €90,904 | +€65,767 | +261.6% |
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 10 October 2026 via checked.be.