THINIBO: 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.
THINIBO
Largest movements
- Current investments +€36,369
up €36,369 (+18.8%), from €193,864 to €230,233
- Cash +€23,065
up €23,065 (+37.4%), from €61,725 to €84,790
mainly Net result for the year (+€50,511) and Tax, wage and social debts (+€13,080)
- Reserves +€50,511
up €50,511 (+16.7%), from €301,633 to €352,145
of which Distributable reserves: +€50,511
- Tax, wage and social debts +€13,080
up €13,080 (+154.9%), from €8,447 to €21,527
of which Remuneration and social security: +€7,945
- Gross operating margin -€12,306
down €12,306 (-14.6%), from €84,282 to €71,977
- Taxes -€3,088
down €3,088 (-13.2%), from €23,360 to €20,272
- Depreciation +€885
up €885 (+45.2%), from €1,957 to €2,842
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 | €456,006 | €512,002 | +€55,996 | +12.3% |
| Fixed assets | 21/28 | €11,973 | €9,131 | -€2,842 | -23.7% |
| Tangible fixed assets | 22/27 | €9,866 | €7,024 | -€2,842 | -28.8% |
| Land and buildings | 22 | €5,153 | €4,043 | -€1,110 | -21.5% |
| Plant, machinery and equipment | 23 | €1,113 | €724 | -€390 | -35.0% |
| Furniture and vehicles | 24 | €3,599 | €2,257 | -€1,342 | -37.3% |
| Financial fixed assets | 28 | €2,107 | €2,107 | = | 0.0% |
| Current assets | 29/58 | €444,033 | €502,871 | +€58,838 | +13.3% |
| Amounts receivable after more than one year | 29 | €185,000 | €185,000 | = | 0.0% |
| Trade receivables | 290 | €185,000 | €185,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €877 | - | -€877 | |
| Trade receivables | 40 | €877 | - | -€877 | |
| Current investments | 50/53 | €193,864 | €230,233 | +€36,369 | +18.8% |
| Cash at bank and in hand | 54/58 | €61,725 | €84,790 | +€23,065 | +37.4% |
| Deferred charges and accrued income | 490/1 | €2,568 | €2,848 | +€280 | +10.9% |
| Total equity and liabilities | 10/49 | €456,006 | €512,002 | +€55,996 | +12.3% |
| Equity | 10/15 | €411,371 | €461,883 | +€50,511 | +12.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €301,633 | €352,145 | +€50,511 | +16.7% |
| Non-distributable reserves | 130/1 | €13,575 | €13,575 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,575 | €13,575 | = | 0.0% |
| Distributable reserves | 133 | €288,058 | €338,570 | +€50,511 | +17.5% |
| Profit (loss) carried forward | 14 | €90,988 | €90,988 | = | 0.0% |
| Amounts payable | 17/49 | €44,635 | €50,120 | +€5,484 | +12.3% |
| Amounts payable within one year | 42/48 | €44,599 | €50,120 | +€5,521 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €3,969 | - | -€3,969 | |
| Trade debts | 44 | €665 | - | -€665 | |
| Suppliers | 440/4 | €665 | - | -€665 | |
| Taxes, remuneration and social security | 45 | €8,447 | €21,527 | +€13,080 | +154.9% |
| Taxes | 450/3 | €8,447 | €13,582 | +€5,135 | +60.8% |
| Remuneration and social security | 454/9 | - | €7,945 | +€7,945 | |
| Other amounts payable | 47/48 | €31,518 | €28,593 | -€2,925 | -9.3% |
| Accrued charges and deferred income | 492/3 | €37 | - | -€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,957 | €2,842 | +€885 | +45.2% |
| Other operating charges | 640/8 | €1,241 | €1,331 | +€91 | +7.3% |
| Gross operating margin | 9900 | €84,282 | €71,977 | -€12,306 | -14.6% |
| Operating profit (loss) | 9901 | €81,085 | €67,803 | -€13,282 | -16.4% |
| Financial income | 75/76B | €3,164 | €3,614 | +€450 | +14.2% |
| Recurring financial income | 75 | €3,164 | €3,614 | +€450 | +14.2% |
| Financial charges | 65/66B | €872 | €634 | -€238 | -27.3% |
| Recurring financial charges | 65 | €872 | €634 | -€238 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €83,377 | €70,783 | -€12,594 | -15.1% |
| Income taxes | 67/77 | €23,360 | €20,272 | -€3,088 | -13.2% |
| Profit (loss) for the period | 9904 | €60,017 | €50,511 | -€9,505 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,017 | €50,511 | -€9,505 | -15.8% |
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 29 September 2026 via checked.be.