THION: 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.
THION
Largest movements
- Cash -€144,935
down €144,935 (-71.2%), from €203,602 to €58,667
mainly Tax, wage and social debts (-€113,794) and Receivables after one year (-€95,000)
- Receivables after one year +€95,000
new in 2025: €95,000
- Receivables within one year -€91,912
down €91,912 (-76.9%), from €119,558 to €27,646
of which Other amounts receivable: -€93,635
- Tax, wage and social debts -€113,794
down €113,794 (-89.3%), from €127,484 to €13,689
- Debts after one year -€24,356
down €24,356 (-31.4%), from €77,474 to €53,118
- Trade debts -€9,402
down €9,402 (-52.1%), from €18,040 to €8,638
- Reserves +€7,600
up €7,600 (+3.0%), from €250,876 to €258,476
of which Distributable reserves: +€7,600
- Financial income -€297,625
down €297,625 (-99.2%), from €300,000 to €2,375
of which Non-recurring financial income: -€300,000
- Taxes -€88,410
down €88,410 (-91.1%), from €97,088 to €8,678
- Gross operating margin +€34,414
up €34,414 (+84.1%), from €40,897 to €75,311
- Depreciation +€17,612
up €17,612 (+49.6%), from €35,544 to €53,157
- Other operating charges -€1,694
down €1,694 (-37.1%), from €4,569 to €2,876
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 | €503,221 | €364,366 | -€138,855 | -27.6% |
| Fixed assets | 21/28 | €180,061 | €180,446 | +€385 | +0.2% |
| Tangible fixed assets | 22/27 | €180,061 | €180,446 | +€385 | +0.2% |
| Land and buildings | 22 | €55,535 | €40,188 | -€15,347 | -27.6% |
| Plant, machinery and equipment | 23 | €47,012 | €74,289 | +€27,278 | +58.0% |
| Furniture and vehicles | 24 | €77,515 | €65,969 | -€11,546 | -14.9% |
| Current assets | 29/58 | €323,160 | €183,920 | -€139,240 | -43.1% |
| Amounts receivable after more than one year | 29 | - | €95,000 | +€95,000 | |
| Other amounts receivable | 291 | - | €95,000 | +€95,000 | |
| Amounts receivable within one year | 40/41 | €119,558 | €27,646 | -€91,912 | -76.9% |
| Trade receivables | 40 | €24,558 | €26,281 | +€1,723 | +7.0% |
| Other amounts receivable | 41 | €95,000 | €1,365 | -€93,635 | -98.6% |
| Cash at bank and in hand | 54/58 | €203,602 | €58,667 | -€144,935 | -71.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,607 | +€2,607 | |
| Total equity and liabilities | 10/49 | €503,221 | €364,366 | -€138,855 | -27.6% |
| Equity | 10/15 | €257,076 | €264,676 | +€7,600 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,876 | €258,476 | +€7,600 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,565 | €7,565 | = | 0.0% |
| Distributable reserves | 133 | €241,451 | €249,051 | +€7,600 | +3.1% |
| Amounts payable | 17/49 | €246,145 | €99,690 | -€146,455 | -59.5% |
| Amounts payable after more than one year | 17 | €77,474 | €53,118 | -€24,356 | -31.4% |
| Financial debts | 170/4 | €77,474 | €53,118 | -€24,356 | -31.4% |
| Amounts payable within one year | 42/48 | €168,572 | €46,572 | -€121,999 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €23,048 | €24,245 | +€1,197 | +5.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18,040 | €8,638 | -€9,402 | -52.1% |
| Suppliers | 440/4 | €18,040 | €8,638 | -€9,402 | -52.1% |
| Taxes, remuneration and social security | 45 | €127,484 | €13,689 | -€113,794 | -89.3% |
| Taxes | 450/3 | €127,484 | €13,689 | -€113,794 | -89.3% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,544 | €53,157 | +€17,612 | +49.6% |
| Other operating charges | 640/8 | €4,569 | €2,876 | -€1,694 | -37.1% |
| Gross operating margin | 9900 | €40,897 | €75,311 | +€34,414 | +84.1% |
| Operating profit (loss) | 9901 | €783 | €19,279 | +€18,496 | +2361.2% |
| Financial income | 75/76B | €300,000 | €2,375 | -€297,625 | -99.2% |
| Recurring financial income | 75 | €300,000 | €2,375 | -€297,625 | -99.2% |
| Non-recurring financial income | 76B | €300,000 | €0 | -€300,000 | -100.0% |
| Financial charges | 65/66B | €6,523 | €5,376 | -€1,147 | -17.6% |
| Recurring financial charges | 65 | €6,523 | €5,376 | -€1,147 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €294,260 | €16,278 | -€277,982 | -94.5% |
| Income taxes | 67/77 | €97,088 | €8,678 | -€88,410 | -91.1% |
| Profit (loss) for the period | 9904 | €197,172 | €7,600 | -€189,573 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €197,172 | €7,600 | -€189,573 | -96.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.