Thilie: 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.
Thilie
Largest movements
- Cash +€12,990
up €12,990 (+207.3%), from €6,265 to €19,255
mainly Net result for the year (+€27,720) and Depreciation (+€8,717)
- Receivables within one year +€8,900
up €8,900 (+34.9%), from €25,488 to €34,388
of which Trade receivables: +€6,447
- Reserves +€27,700
up €27,700 (+62.8%), from €44,100 to €71,800
- Debts after one year -€8,303
down €8,303 (-56.3%), from €14,737 to €6,433
- Other debts +€1,364
up €1,364 (+183.1%), from €745 to €2,109
- Gross operating margin +€60,876
up €60,876, from -€4,104 to €56,772
- Taxes +€15,381
up €15,381 (+5283.6%), from €291 to €15,672
- Depreciation -€1,877
down €1,877 (-17.7%), from €10,593 to €8,717
- Other operating charges +€1,267
up €1,267 (+53.8%), from €2,356 to €3,623
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 | €94,433 | €115,638 | +€21,205 | +22.5% |
| Fixed assets | 21/28 | €60,362 | €59,507 | -€854 | -1.4% |
| Tangible fixed assets | 22/27 | €57,992 | €57,137 | -€854 | -1.5% |
| Land and buildings | 22 | €1,200 | €1,158 | -€41 | -3.5% |
| Plant, machinery and equipment | 23 | €3,183 | €2,685 | -€498 | -15.7% |
| Furniture and vehicles | 24 | €893 | €2,268 | +€1,375 | +153.9% |
| Other tangible fixed assets | 26 | €52,716 | €51,026 | -€1,689 | -3.2% |
| Financial fixed assets | 28 | €2,370 | €2,370 | = | 0.0% |
| Current assets | 29/58 | €34,071 | €56,131 | +€22,059 | +64.7% |
| Amounts receivable within one year | 40/41 | €25,488 | €34,388 | +€8,900 | +34.9% |
| Trade receivables | 40 | €21,612 | €28,059 | +€6,447 | +29.8% |
| Other amounts receivable | 41 | €3,876 | €6,329 | +€2,452 | +63.3% |
| Cash at bank and in hand | 54/58 | €6,265 | €19,255 | +€12,990 | +207.3% |
| Deferred charges and accrued income | 490/1 | €2,319 | €2,488 | +€169 | +7.3% |
| Total equity and liabilities | 10/49 | €94,433 | €115,638 | +€21,205 | +22.5% |
| Equity | 10/15 | €58,206 | €85,926 | +€27,720 | +47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,100 | €71,800 | +€27,700 | +62.8% |
| Distributable reserves | 133 | €44,100 | €71,800 | +€27,700 | +62.8% |
| Profit (loss) carried forward | 14 | -€4,494 | -€4,474 | +€20 | +0.4% |
| Amounts payable | 17/49 | €36,227 | €29,712 | -€6,515 | -18.0% |
| Amounts payable after more than one year | 17 | €14,737 | €6,433 | -€8,303 | -56.3% |
| Financial debts | 170/4 | €14,737 | €6,433 | -€8,303 | -56.3% |
| Amounts payable within one year | 42/48 | €21,490 | €23,278 | +€1,788 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €8,001 | €8,303 | +€303 | +3.8% |
| Trade debts | 44 | €4,130 | €5,124 | +€994 | +24.1% |
| Suppliers | 440/4 | €4,130 | €5,124 | +€994 | +24.1% |
| Taxes, remuneration and social security | 45 | €8,614 | €7,742 | -€872 | -10.1% |
| Taxes | 450/3 | €6,214 | €7,742 | +€1,527 | +24.6% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €745 | €2,109 | +€1,364 | +183.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,593 | €8,717 | -€1,877 | -17.7% |
| Other operating charges | 640/8 | €2,356 | €3,623 | +€1,267 | +53.8% |
| Gross operating margin | 9900 | -€4,104 | €56,772 | +€60,876 | |
| Operating profit (loss) | 9901 | -€17,054 | €44,432 | +€61,486 | |
| Financial income | 75/76B | €84 | €4 | -€80 | -95.6% |
| Recurring financial income | 75 | €84 | €4 | -€80 | -95.6% |
| Financial charges | 65/66B | €1,302 | €1,043 | -€258 | -19.8% |
| Recurring financial charges | 65 | €1,302 | €1,043 | -€258 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,272 | €43,392 | +€61,664 | |
| Income taxes | 67/77 | €291 | €15,672 | +€15,381 | +5283.6% |
| Profit (loss) for the period | 9904 | -€18,563 | €27,720 | +€46,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,563 | €27,720 | +€46,283 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.