THILOU: 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.
THILOU
Largest movements
- Receivables within one year +€9,704
up €9,704, from €0 to €9,704
of which Trade receivables: +€9,680
- Cash +€6,586
up €6,586 (+4,815%), from €137 to €6,722
mainly Net result for the year (+€24,533) and Tax, wage and social debts (+€1,494)
- Deferred charges and accrued income +€711
new in 2025: €711
- Profit (loss) carried forward +€24,533
up €24,533 (+23.1%), from -€106,236 to -€81,703
- Other debts -€10,070
down €10,070 (-27.5%), from €36,593 to €26,523
- Tax, wage and social debts +€1,494
up €1,494, from €0 to €1,494
- Trade debts +€1,043
up €1,043, from €0 to €1,043
- Gross operating margin +€35,465
up €35,465, from -€633 to €34,831
- Taxes +€7,976
new in 2025: €7,976
- Financial charges +€1,202
up €1,202 (+1,690%), from €71 to €1,273
- Other operating charges +€645
up €645 (+160%), from €403 to €1,049
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 | €167 | €17,167 | +€17,001 | +10,193% |
| Fixed assets | 21/28 | €30 | €30 | = | 0.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €137 | €17,137 | +€17,001 | +12,429% |
| Amounts receivable within one year | 40/41 | €0 | €9,704 | +€9,704 | |
| Trade receivables | 40 | €0 | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €0 | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €137 | €6,722 | +€6,586 | +4,815% |
| Deferred charges and accrued income | 490/1 | - | €711 | +€711 | |
| Total equity and liabilities | 10/49 | €167 | €17,167 | +€17,001 | +10,193% |
| Equity | 10/15 | -€36,426 | -€11,893 | +€24,533 | +67.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,811 | €64,811 | = | 0.0% |
| Distributable reserves | 133 | €64,811 | €64,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,236 | -€81,703 | +€24,533 | +23.1% |
| Amounts payable | 17/49 | €36,593 | €29,060 | -€7,533 | -20.6% |
| Amounts payable within one year | 42/48 | €36,593 | €29,060 | -€7,533 | -20.6% |
| Trade debts | 44 | €0 | €1,043 | +€1,043 | |
| Suppliers | 440/4 | €0 | €1,043 | +€1,043 | |
| Taxes, remuneration and social security | 45 | €0 | €1,494 | +€1,494 | |
| Taxes | 450/3 | €0 | €1,494 | +€1,494 | |
| Other amounts payable | 47/48 | €36,593 | €26,523 | -€10,070 | -27.5% |
| Other operating charges | 640/8 | €403 | €1,049 | +€645 | +160% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€633 | €34,831 | +€35,465 | |
| Operating profit (loss) | 9901 | -€1,037 | €33,782 | +€34,819 | |
| Financial charges | 65/66B | €71 | €1,273 | +€1,202 | +1,690% |
| Recurring financial charges | 65 | €71 | €1,273 | +€1,202 | +1,690% |
| Profit (loss) for the period before taxes | 9903 | -€1,108 | €32,510 | +€33,618 | |
| Income taxes | 67/77 | - | €7,976 | +€7,976 | |
| Profit (loss) for the period | 9904 | -€1,108 | €24,533 | +€25,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,108 | €24,533 | +€25,641 |
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 31 October 2026 via checked.be.