Thiraya: 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.
Thiraya
Largest movements
- Receivables within one year -€11,581
down €11,581 (-30.1%), from €38,455 to €26,874
of which Trade receivables: -€11,082
- Cash +€11,211
up €11,211 (+2007.4%), from €558 to €11,769
mainly Receivables within one year (+€11,581) and Advances received (+€10,140)
- Trade debts -€21,250
down €21,250 (-67.8%), from €31,359 to €10,109
- Advances received +€10,140
new in 2025: €10,140
- Other debts +€7,427
up €7,427 (+5.2%), from €142,273 to €149,700
- Profit (loss) carried forward +€3,452
up €3,452 (+2.4%), from -€144,618 to -€141,166
- Gross operating margin +€43,900
up €43,900, from -€40,249 to €3,651
- Other operating charges -€930
down €930 (-62.8%), from €1,480 to €551
- Financial income +€463
up €463 (+272.5%), from €170 to €634
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 | €39,013 | €38,782 | -€231 | -0.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €39,013 | €38,782 | -€231 | -0.6% |
| Amounts receivable within one year | 40/41 | €38,455 | €26,874 | -€11,581 | -30.1% |
| Trade receivables | 40 | €37,677 | €26,595 | -€11,082 | -29.4% |
| Other amounts receivable | 41 | €778 | €279 | -€499 | -64.2% |
| Current investments | 50/53 | - | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €558 | €11,769 | +€11,211 | +2007.4% |
| Total equity and liabilities | 10/49 | €39,013 | €38,782 | -€231 | -0.6% |
| Equity | 10/15 | -€134,618 | -€131,166 | +€3,452 | +2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,618 | -€141,166 | +€3,452 | +2.4% |
| Amounts payable | 17/49 | €173,632 | €169,949 | -€3,683 | -2.1% |
| Amounts payable within one year | 42/48 | €173,632 | €169,949 | -€3,683 | -2.1% |
| Trade debts | 44 | €31,359 | €10,109 | -€21,250 | -67.8% |
| Suppliers | 440/4 | €31,359 | €10,109 | -€21,250 | -67.8% |
| Advances received on contracts in progress | 46 | - | €10,140 | +€10,140 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €142,273 | €149,700 | +€7,427 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | - | -€130 | |
| Other operating charges | 640/8 | €1,480 | €551 | -€930 | -62.8% |
| Gross operating margin | 9900 | -€40,249 | €3,651 | +€43,900 | |
| Operating profit (loss) | 9901 | -€41,858 | €3,101 | +€44,959 | |
| Financial income | 75/76B | €170 | €634 | +€463 | +272.5% |
| Recurring financial income | 75 | €170 | €634 | +€463 | +272.5% |
| Financial charges | 65/66B | €156 | €282 | +€126 | +80.6% |
| Recurring financial charges | 65 | €156 | €282 | +€126 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,845 | €3,452 | +€45,297 | |
| Profit (loss) for the period | 9904 | -€41,845 | €3,452 | +€45,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,845 | €3,452 | +€45,297 |
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 5 October 2026 via checked.be.