THIRION ENGINEERING: 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.
THIRION ENGINEERING
Largest movements
- Cash -€44,119
down €44,119 (-92.0%), from €47,954 to €3,836
mainly Provisions (-€57,874) and Receivables within one year (-€7,978)
- Tangible fixed assets -€14,711
down €14,711 (-26.0%), from €56,504 to €41,794
of which Land and buildings: -€7,531
- Receivables within one year +€7,978
up €7,978 (+3.8%), from €207,894 to €215,871
of which Trade receivables: +€16,486
- Provisions -€57,874
no longer reported in 2024 (was €57,874)
- Tax, wage and social debts +€7,952
up €7,952 (+20.6%), from €38,565 to €46,517
of which Taxes: +€10,595
- Reserves +€7,157
up €7,157 (+1.7%), from €426,508 to €433,665
- Gross operating margin -€75,787
down €75,787 (-29.8%), from €254,261 to €178,473
- Provisions -€57,874
new in 2024: -€57,874
- Staff costs -€11,369
down €11,369 (-5.2%), from €219,804 to €208,435
- Depreciation +€2,571
up €2,571 (+16.9%), from €15,256 to €17,827
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 | €554,643 | €506,885 | -€47,758 | -8.6% |
| Fixed assets | 21/28 | €56,504 | €41,794 | -€14,711 | -26.0% |
| Tangible fixed assets | 22/27 | €56,504 | €41,794 | -€14,711 | -26.0% |
| Land and buildings | 22 | €37,657 | €30,125 | -€7,531 | -20.0% |
| Furniture and vehicles | 24 | €18,848 | €11,668 | -€7,179 | -38.1% |
| Current assets | 29/58 | €498,139 | €465,092 | -€33,047 | -6.6% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €38,000 | €40,750 | +€2,750 | +7.2% |
| Contracts in progress | 37 | €38,000 | €40,750 | +€2,750 | +7.2% |
| Amounts receivable within one year | 40/41 | €207,894 | €215,871 | +€7,978 | +3.8% |
| Trade receivables | 40 | €193,411 | €209,897 | +€16,486 | +8.5% |
| Other amounts receivable | 41 | €14,483 | €5,975 | -€8,508 | -58.7% |
| Cash at bank and in hand | 54/58 | €47,954 | €3,836 | -€44,119 | -92.0% |
| Deferred charges and accrued income | 490/1 | €4,291 | €4,634 | +€344 | +8.0% |
| Total equity and liabilities | 10/49 | €554,643 | €506,885 | -€47,758 | -8.6% |
| Equity | 10/15 | €445,108 | €452,265 | +€7,157 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,508 | €433,665 | +€7,157 | +1.7% |
| Distributable reserves | 133 | €426,508 | €433,665 | +€7,157 | +1.7% |
| Provisions and deferred taxes | 16 | €57,874 | - | -€57,874 | |
| Provisions for liabilities and charges | 160/5 | €57,874 | - | -€57,874 | |
| Pensions and similar obligations | 160 | €57,874 | - | -€57,874 | |
| Amounts payable | 17/49 | €51,661 | €54,620 | +€2,960 | +5.7% |
| Amounts payable within one year | 42/48 | €51,661 | €54,620 | +€2,960 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €334 | - | -€334 | |
| Trade debts | 44 | €4,349 | €4,582 | +€233 | +5.4% |
| Suppliers | 440/4 | €4,349 | €4,582 | +€233 | +5.4% |
| Taxes, remuneration and social security | 45 | €38,565 | €46,517 | +€7,952 | +20.6% |
| Taxes | 450/3 | €13,452 | €24,047 | +€10,595 | +78.8% |
| Remuneration and social security | 454/9 | €25,112 | €22,470 | -€2,643 | -10.5% |
| Other amounts payable | 47/48 | €8,413 | €3,522 | -€4,891 | -58.1% |
| Remuneration, social security and pensions | 62 | €219,804 | €208,435 | -€11,369 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,256 | €17,827 | +€2,571 | +16.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€57,874 | -€57,874 | |
| Other operating charges | 640/8 | €1,224 | €1,241 | +€17 | +1.4% |
| Gross operating margin | 9900 | €254,261 | €178,473 | -€75,787 | -29.8% |
| Operating profit (loss) | 9901 | €17,977 | €8,845 | -€9,132 | -50.8% |
| Financial income | 75/76B | €5,918 | €5,879 | -€39 | -0.7% |
| Recurring financial income | 75 | €5,918 | €5,879 | -€39 | -0.7% |
| Financial charges | 65/66B | €283 | €42 | -€241 | -85.1% |
| Recurring financial charges | 65 | €283 | €42 | -€241 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €23,612 | €14,682 | -€8,930 | -37.8% |
| Income taxes | 67/77 | €9,094 | €7,525 | -€1,569 | -17.3% |
| Profit (loss) for the period | 9904 | €14,518 | €7,157 | -€7,362 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,518 | €7,157 | -€7,362 | -50.7% |
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 6 October 2026 via checked.be.