THILIO: 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.
THILIO
Largest movements
- Cash +€224,077
up €224,077 (+222%), from €100,810 to €324,887
mainly Net result for the year (+€174,539) and Receivables within one year (+€86,565)
- Receivables within one year -€86,565
down €86,565 (-63.3%), from €136,648 to €50,083
of which Other amounts receivable: -€90,383
- Tangible fixed assets -€54,511
down €54,511 (-2.9%), from €1.9m to €1.8m
of which Land and buildings: -€56,578
- Reserves +€174,539
up €174,539 (+16.4%), from €1.1m to €1.2m
of which Distributable reserves: +€174,539
- Other debts -€76,347
down €76,347 (-47.4%), from €161,016 to €84,669
- Gross operating margin +€117,603
up €117,603 (+44.8%), from €262,415 to €380,018
- Taxes +€38,957
up €38,957 (+104%), from €37,498 to €76,455
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 | €2,387,922 | €2,471,130 | +€83,208 | +3.5% |
| Fixed assets | 21/28 | €1,900,464 | €1,845,953 | -€54,511 | -2.9% |
| Tangible fixed assets | 22/27 | €1,900,464 | €1,845,953 | -€54,511 | -2.9% |
| Land and buildings | 22 | €1,894,669 | €1,838,091 | -€56,578 | -3.0% |
| Plant, machinery and equipment | 23 | €3,795 | €2,783 | -€1,012 | -26.7% |
| Furniture and vehicles | 24 | €2,000 | €5,079 | +€3,079 | +154% |
| Current assets | 29/58 | €487,458 | €625,177 | +€137,719 | +28.3% |
| Amounts receivable within one year | 40/41 | €136,648 | €50,083 | -€86,565 | -63.3% |
| Trade receivables | 40 | €25,585 | €29,402 | +€3,818 | +14.9% |
| Other amounts receivable | 41 | €111,064 | €20,681 | -€90,383 | -81.4% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,810 | €324,887 | +€224,077 | +222% |
| Deferred charges and accrued income | 490/1 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €2,387,922 | €2,471,130 | +€83,208 | +3.5% |
| Equity | 10/15 | €1,401,496 | €1,576,035 | +€174,539 | +12.5% |
| Contributions | 10/11 | €335,400 | €335,400 | = | 0.0% |
| Reserves | 13 | €1,066,096 | €1,240,635 | +€174,539 | +16.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,066,096 | €1,240,635 | +€174,539 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €986,426 | €895,095 | -€91,331 | -9.3% |
| Amounts payable after more than one year | 17 | €775,000 | €775,000 | = | 0.0% |
| Financial debts | 170/4 | €775,000 | €775,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,426 | €120,095 | -€91,331 | -43.2% |
| Trade debts | 44 | €19,885 | €6,229 | -€13,656 | -68.7% |
| Suppliers | 440/4 | €19,885 | €6,229 | -€13,656 | -68.7% |
| Taxes, remuneration and social security | 45 | €30,525 | €29,197 | -€1,329 | -4.4% |
| Taxes | 450/3 | €30,525 | €29,197 | -€1,329 | -4.4% |
| Other amounts payable | 47/48 | €161,016 | €84,669 | -€76,347 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,407 | €76,025 | +€1,618 | +2.2% |
| Other operating charges | 640/8 | €5,782 | €4,126 | -€1,656 | -28.6% |
| Gross operating margin | 9900 | €262,415 | €380,018 | +€117,603 | +44.8% |
| Operating profit (loss) | 9901 | €182,226 | €299,867 | +€117,641 | +64.6% |
| Financial income | 75/76B | €5,206 | €8,251 | +€3,046 | +58.5% |
| Recurring financial income | 75 | €5,206 | €8,251 | +€3,046 | +58.5% |
| Financial charges | 65/66B | €58,047 | €57,124 | -€923 | -1.6% |
| Recurring financial charges | 65 | €58,047 | €57,124 | -€923 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €129,384 | €250,994 | +€121,609 | +94.0% |
| Income taxes | 67/77 | €37,498 | €76,455 | +€38,957 | +104% |
| Profit (loss) for the period | 9904 | €91,886 | €174,539 | +€82,653 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,886 | €174,539 | +€82,653 | +90.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.