THILT: 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.
THILT
Largest movements
- Tangible fixed assets -€1,876
down €1,876 (-21.7%), from €8,635 to €6,759
- Receivables within one year -€1,404
down €1,404 (-3.2%), from €43,806 to €42,402
of which Trade receivables: -€1,457
- Other debts +€8,181
up €8,181 (+15.4%), from €52,996 to €61,177
- Profit (loss) carried forward -€7,018
down €7,018 (-10.1%), from -€69,253 to -€76,271
- Trade debts -€4,538
down €4,538 (-97.4%), from €4,661 to €123
- Gross operating margin +€8,266
up €8,266 (+64.9%), from -€12,735 to -€4,469
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 | €63,772 | €60,397 | -€3,375 | -5.3% |
| Fixed assets | 21/28 | €8,702 | €6,826 | -€1,876 | -21.6% |
| Tangible fixed assets | 22/27 | €8,635 | €6,759 | -€1,876 | -21.7% |
| Plant, machinery and equipment | 23 | €8,635 | €6,759 | -€1,876 | -21.7% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €55,070 | €53,571 | -€1,499 | -2.7% |
| Stocks and contracts in progress | 3 | €11,165 | €11,165 | = | 0.0% |
| Stocks | 30/36 | €11,165 | €11,165 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,806 | €42,402 | -€1,404 | -3.2% |
| Trade receivables | 40 | €18,726 | €17,269 | -€1,457 | -7.8% |
| Other amounts receivable | 41 | €25,080 | €25,133 | +€53 | +0.2% |
| Cash at bank and in hand | 54/58 | €99 | €4 | -€95 | -96.0% |
| Total equity and liabilities | 10/49 | €63,772 | €60,397 | -€3,375 | -5.3% |
| Equity | 10/15 | €6,115 | -€903 | -€7,018 | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,253 | -€76,271 | -€7,018 | -10.1% |
| Amounts payable | 17/49 | €57,657 | €61,300 | +€3,643 | +6.3% |
| Amounts payable within one year | 42/48 | €57,657 | €61,300 | +€3,643 | +6.3% |
| Trade debts | 44 | €4,661 | €123 | -€4,538 | -97.4% |
| Suppliers | 440/4 | €4,661 | €123 | -€4,538 | -97.4% |
| Other amounts payable | 47/48 | €52,996 | €61,177 | +€8,181 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,876 | €1,876 | = | 0.0% |
| Other operating charges | 640/8 | €388 | €400 | +€12 | +3.1% |
| Gross operating margin | 9900 | -€12,735 | -€4,469 | +€8,266 | +64.9% |
| Operating profit (loss) | 9901 | -€14,999 | -€6,745 | +€8,254 | +55.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €231 | €273 | +€42 | +18.2% |
| Recurring financial charges | 65 | €231 | €273 | +€42 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,227 | -€7,018 | +€8,209 | +53.9% |
| Profit (loss) for the period | 9904 | -€15,227 | -€7,018 | +€8,209 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,227 | -€7,018 | +€8,209 | +53.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.