Thiribut Events: what changed
Two financial 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.
Thiribut Events
Largest movements
- Tangible fixed assets +€617,448
up €617,448 (+38.4%), from €1.6m to €2.2m
of which Land and buildings: +€341,454
- Receivables within one year +€296,555
up €296,555 (+343%), from €86,427 to €382,982
of which Trade receivables: +€234,856
- Cash +€65,597
up €65,597 (+10.5%), from €626,527 to €692,123
mainly Net result for the year (+€472,255) and Depreciation (+€463,227)
- Reserves +€472,255
up €472,255 (+35.7%), from €1.3m to €1.8m
of which Tax-exempt reserves: +€251,291
- Debts after one year +€415,695
up €415,695 (+77.3%), from €537,751 to €953,445
- Trade debts -€67,222
down €67,222 (-67.1%), from €100,248 to €33,026
- Current portion of long-term debt +€63,740
up €63,740 (+40.4%), from €157,661 to €221,401
- Other debts +€62,075
up €62,075 (+54.9%), from €113,000 to €175,075
- Gross operating margin +€360,639
up €360,639 (+27.3%), from €1.3m to €1.7m
- Staff costs +€127,840
up €127,840 (+30.9%), from €413,100 to €540,940
- Depreciation +€104,851
up €104,851 (+29.3%), from €358,376 to €463,227
- Taxes -€25,453
down €25,453 (-13.4%), from €190,307 to €164,854
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.
Derived cash bridge
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 | €2,407,602 | €3,365,423 | +€957,821 | +39.8% |
| Fixed assets | 21/28 | €1,606,471 | €2,226,976 | +€620,504 | +38.6% |
| Intangible fixed assets | 21 | - | €2,922 | +€2,922 | |
| Tangible fixed assets | 22/27 | €1,606,471 | €2,223,919 | +€617,448 | +38.4% |
| Land and buildings | 22 | €579,170 | €920,624 | +€341,454 | +59.0% |
| Plant, machinery and equipment | 23 | €795,488 | €1,020,299 | +€224,810 | +28.3% |
| Furniture and vehicles | 24 | €231,813 | €282,996 | +€51,184 | +22.1% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €801,131 | €1,138,447 | +€337,316 | +42.1% |
| Stocks and contracts in progress | 3 | €62,108 | €29,696 | -€32,413 | -52.2% |
| Stocks | 30/36 | €62,108 | €29,696 | -€32,413 | -52.2% |
| Amounts receivable within one year | 40/41 | €86,427 | €382,982 | +€296,555 | +343% |
| Trade receivables | 40 | €80,874 | €315,730 | +€234,856 | +290% |
| Other amounts receivable | 41 | €5,553 | €67,251 | +€61,699 | +1,111% |
| Cash at bank and in hand | 54/58 | €626,527 | €692,123 | +€65,597 | +10.5% |
| Deferred charges and accrued income | 490/1 | €26,069 | €33,647 | +€7,578 | +29.1% |
| Total equity and liabilities | 10/49 | €2,407,602 | €3,365,423 | +€957,821 | +39.8% |
| Equity | 10/15 | €1,398,127 | €1,870,382 | +€472,255 | +33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,321,561 | €1,793,816 | +€472,255 | +35.7% |
| 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 | €1,309 | €252,600 | +€251,291 | +19,191% |
| Distributable reserves | 133 | €1,318,392 | €1,539,356 | +€220,965 | +16.8% |
| Profit (loss) carried forward | 14 | €70,366 | €70,366 | = | 0.0% |
| Provisions and deferred taxes | 16 | €327 | - | -€327 | |
| Deferred taxes | 168 | €327 | - | -€327 | |
| Amounts payable | 17/49 | €1,009,148 | €1,495,041 | +€485,893 | +48.1% |
| Amounts payable after more than one year | 17 | €537,751 | €953,445 | +€415,695 | +77.3% |
| Financial debts | 170/4 | €537,751 | €953,445 | +€415,695 | +77.3% |
| Amounts payable within one year | 42/48 | €471,397 | €541,596 | +€70,198 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €157,661 | €221,401 | +€63,740 | +40.4% |
| Trade debts | 44 | €100,248 | €33,026 | -€67,222 | -67.1% |
| Suppliers | 440/4 | €100,248 | €33,026 | -€67,222 | -67.1% |
| Taxes, remuneration and social security | 45 | €100,489 | €112,094 | +€11,606 | +11.5% |
| Taxes | 450/3 | €61,120 | €46,816 | -€14,304 | -23.4% |
| Remuneration and social security | 454/9 | €39,369 | €65,278 | +€25,910 | +65.8% |
| Other amounts payable | 47/48 | €113,000 | €175,075 | +€62,075 | +54.9% |
| Non-recurring operating income | 76A | €4,800 | - | -€4,800 | |
| Remuneration, social security and pensions | 62 | €413,100 | €540,940 | +€127,840 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,376 | €463,227 | +€104,851 | +29.3% |
| Other operating charges | 640/8 | €12,095 | €18,936 | +€6,841 | +56.6% |
| Gross operating margin | 9900 | €1,321,372 | €1,682,011 | +€360,639 | +27.3% |
| Operating profit (loss) | 9901 | €537,801 | €658,908 | +€121,107 | +22.5% |
| Financial income | 75/76B | €1,736 | €6,292 | +€4,556 | +262% |
| Recurring financial income | 75 | €1,736 | €6,292 | +€4,556 | +262% |
| Financial charges | 65/66B | €36,784 | €28,418 | -€8,366 | -22.7% |
| Recurring financial charges | 65 | €25,279 | €28,418 | +€3,139 | +12.4% |
| Non-recurring financial charges | 66B | €11,505 | - | -€11,505 | |
| Profit (loss) for the period before taxes | 9903 | €502,753 | €636,781 | +€134,029 | +26.7% |
| Transfer from deferred taxes | 780 | €545 | €327 | -€217 | -39.9% |
| Income taxes | 67/77 | €190,307 | €164,854 | -€25,453 | -13.4% |
| Profit (loss) for the period | 9904 | €312,990 | €472,255 | +€159,265 | +50.9% |
| Transfer from tax-exempt reserves | 789 | €2,179 | €1,309 | -€870 | -39.9% |
| Transfer to tax-exempt reserves | 689 | - | €252,600 | +€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €315,169 | €220,965 | -€94,205 | -29.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.