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
- Cash -€90,354
down €90,354 (-77.1%), from €117,215 to €26,861
mainly Other debts (-€133,037) and Contributions, distributions and other (-€10,366)
- Receivables within one year -€12,892
down €12,892 (-42.9%), from €30,081 to €17,189
- Other debts -€133,037
down €133,037 (-84.2%), from €158,015 to €24,978
- Profit (loss) carried forward +€42,858
new in 2025: €42,858
- Reserves -€10,366
no longer reported in 2025 (was €10,366)
- Tax, wage and social debts -€4,427
down €4,427 (-40.7%), from €10,879 to €6,452
- Gross operating margin -€3,922
down €3,922 (-5.8%), from €67,249 to €63,327
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 | €188,220 | €83,624 | -€104,596 | -55.6% |
| Fixed assets | 21/28 | €40,407 | €38,539 | -€1,868 | -4.6% |
| Tangible fixed assets | 22/27 | €40,407 | €38,539 | -€1,868 | -4.6% |
| Land and buildings | 22 | €6,664 | €5,919 | -€745 | -11.2% |
| Plant, machinery and equipment | 23 | €2,071 | €3,936 | +€1,865 | +90.1% |
| Furniture and vehicles | 24 | €6,696 | €4,392 | -€2,304 | -34.4% |
| Other tangible fixed assets | 26 | €24,976 | €24,292 | -€684 | -2.7% |
| Current assets | 29/58 | €147,813 | €45,085 | -€102,728 | -69.5% |
| Amounts receivable within one year | 40/41 | €30,081 | €17,189 | -€12,892 | -42.9% |
| Trade receivables | 40 | €30,081 | €17,189 | -€12,892 | -42.9% |
| Cash at bank and in hand | 54/58 | €117,215 | €26,861 | -€90,354 | -77.1% |
| Deferred charges and accrued income | 490/1 | €517 | €1,035 | +€518 | +100.2% |
| Total equity and liabilities | 10/49 | €188,220 | €83,624 | -€104,596 | -55.6% |
| Equity | 10/15 | €18,366 | €50,858 | +€32,492 | +176.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €10,366 | - | -€10,366 | |
| Distributable reserves | 133 | €10,366 | - | -€10,366 | |
| Profit (loss) carried forward | 14 | - | €42,858 | +€42,858 | |
| Amounts payable | 17/49 | €169,855 | €32,767 | -€137,088 | -80.7% |
| Amounts payable within one year | 42/48 | €169,855 | €32,767 | -€137,088 | -80.7% |
| Trade debts | 44 | €961 | €1,336 | +€375 | +39.0% |
| Suppliers | 440/4 | €961 | €1,336 | +€375 | +39.0% |
| Taxes, remuneration and social security | 45 | €10,879 | €6,452 | -€4,427 | -40.7% |
| Taxes | 450/3 | €10,879 | €6,452 | -€4,427 | -40.7% |
| Other amounts payable | 47/48 | €158,015 | €24,978 | -€133,037 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,663 | €7,253 | +€589 | +8.8% |
| Other operating charges | 640/8 | €168 | €120 | -€48 | -28.7% |
| Gross operating margin | 9900 | €67,249 | €63,327 | -€3,922 | -5.8% |
| Operating profit (loss) | 9901 | €60,417 | €55,954 | -€4,463 | -7.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €529 | €400 | -€130 | -24.5% |
| Recurring financial charges | 65 | €529 | €400 | -€130 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €59,888 | €55,557 | -€4,331 | -7.2% |
| Income taxes | 67/77 | €12,957 | €12,700 | -€258 | -2.0% |
| Profit (loss) for the period | 9904 | €46,931 | €42,858 | -€4,073 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,931 | €42,858 | -€4,073 | -8.7% |
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 8 October 2026 via checked.be.