THILOY: 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.
THILOY
Largest movements
- Cash -€54,994
down €54,994 (-43.6%), from €126,090 to €71,096
mainly Receivables after one year (-€45,750) and Deferred charges and accrued income (-€13,906)
- Receivables after one year +€45,750
up €45,750 (+57.2%), from €80,000 to €125,750
- Deferred charges and accrued income +€13,906
up €13,906 (+389.7%), from €3,568 to €17,474
- Tangible fixed assets -€8,605
down €8,605 (-18.8%), from €45,879 to €37,274
of which Other tangible fixed assets: -€4,366
- Financial fixed assets -€6,750
no longer reported in 2024 (was €6,750)
- Debts after one year -€11,638
down €11,638 (-62.4%), from €18,636 to €6,999
- Reserves +€11,324
up €11,324 (+6.0%), from €187,412 to €198,736
of which Distributable reserves: +€11,324
- Current portion of long-term debt -€4,287
down €4,287 (-21.1%), from €20,311 to €16,024
- Gross operating margin -€25,853
down €25,853 (-7.4%), from €349,477 to €323,624
- Taxes -€9,225
down €9,225 (-60.9%), from €15,143 to €5,918
- Staff costs +€3,625
up €3,625 (+1.3%), from €273,513 to €277,137
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,071 | €307,162 | -€8,908 | -2.8% |
| Fixed assets | 21/28 | €52,629 | €37,274 | -€15,355 | -29.2% |
| Tangible fixed assets | 22/27 | €45,879 | €37,274 | -€8,605 | -18.8% |
| Furniture and vehicles | 24 | €23,759 | €19,519 | -€4,240 | -17.8% |
| Other tangible fixed assets | 26 | €22,120 | €17,754 | -€4,366 | -19.7% |
| Financial fixed assets | 28 | €6,750 | - | -€6,750 | |
| Current assets | 29/58 | €263,442 | €269,889 | +€6,447 | +2.4% |
| Amounts receivable after more than one year | 29 | €80,000 | €125,750 | +€45,750 | +57.2% |
| Other amounts receivable | 291 | €80,000 | €125,750 | +€45,750 | +57.2% |
| Stocks and contracts in progress | 3 | €6,449 | €8,841 | +€2,392 | +37.1% |
| Stocks | 30/36 | €6,449 | €8,841 | +€2,392 | +37.1% |
| Amounts receivable within one year | 40/41 | €47,335 | €46,727 | -€608 | -1.3% |
| Trade receivables | 40 | €2,783 | €5,814 | +€3,031 | +108.9% |
| Other amounts receivable | 41 | €44,552 | €40,913 | -€3,639 | -8.2% |
| Cash at bank and in hand | 54/58 | €126,090 | €71,096 | -€54,994 | -43.6% |
| Deferred charges and accrued income | 490/1 | €3,568 | €17,474 | +€13,906 | +389.7% |
| Total equity and liabilities | 10/49 | €316,071 | €307,162 | -€8,908 | -2.8% |
| Equity | 10/15 | €213,564 | €224,888 | +€11,324 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,412 | €198,736 | +€11,324 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,552 | €196,876 | +€11,324 | +6.1% |
| Profit (loss) carried forward | 14 | €7,552 | €7,552 | = | 0.0% |
| Amounts payable | 17/49 | €102,507 | €82,274 | -€20,233 | -19.7% |
| Amounts payable after more than one year | 17 | €18,636 | €6,999 | -€11,638 | -62.4% |
| Financial debts | 170/4 | €18,636 | €6,999 | -€11,638 | -62.4% |
| Amounts payable within one year | 42/48 | €83,870 | €75,275 | -€8,595 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €20,311 | €16,024 | -€4,287 | -21.1% |
| Trade debts | 44 | €31,709 | €28,642 | -€3,066 | -9.7% |
| Suppliers | 440/4 | €31,709 | €28,642 | -€3,066 | -9.7% |
| Taxes, remuneration and social security | 45 | €31,675 | €30,434 | -€1,242 | -3.9% |
| Taxes | 450/3 | €10,993 | €8,012 | -€2,981 | -27.1% |
| Remuneration and social security | 454/9 | €20,683 | €22,421 | +€1,739 | +8.4% |
| Other amounts payable | 47/48 | €175 | €175 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €273,513 | €277,137 | +€3,625 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,727 | €15,067 | -€1,661 | -9.9% |
| Other operating charges | 640/8 | €5,922 | €8,622 | +€2,701 | +45.6% |
| Non-recurring operating charges | 66A | - | €1,980 | +€1,980 | |
| Gross operating margin | 9900 | €349,477 | €323,624 | -€25,853 | -7.4% |
| Operating profit (loss) | 9901 | €53,315 | €20,817 | -€32,498 | -61.0% |
| Financial income | 75/76B | €15 | €2,437 | +€2,422 | +16008.8% |
| Recurring financial income | 75 | €15 | €2,437 | +€2,422 | +16008.8% |
| Financial charges | 65/66B | €6,569 | €6,013 | -€556 | -8.5% |
| Recurring financial charges | 65 | €6,569 | €6,013 | -€556 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €46,761 | €17,242 | -€29,519 | -63.1% |
| Income taxes | 67/77 | €15,143 | €5,918 | -€9,225 | -60.9% |
| Profit (loss) for the period | 9904 | €31,618 | €11,324 | -€20,294 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,618 | €11,324 | -€20,294 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.