THIRION MANAGEMENT: 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.
THIRION MANAGEMENT
Largest movements
- Cash +€15,544
up €15,544 (+400%), from €3,885 to €19,429
mainly Net result for the year (+€10,979) and Tax, wage and social debts (+€6,013)
- Tangible fixed assets -€2,653
down €2,653 (-48.0%), from €5,524 to €2,871
of which Furniture and vehicles: -€2,406
- Receivables within one year +€627
up €627 (+11.8%), from €5,309 to €5,936
- Profit (loss) carried forward +€7,191
up €7,191, from -€2,233 to €4,958
- Tax, wage and social debts +€6,013
up €6,013 (+315%), from €1,907 to €7,920
- Other debts +€2,196
up €2,196 (+54.9%), from €3,998 to €6,194
- Debts after one year -€1,712
down €1,712 (-34.3%), from €4,994 to €3,282
- Gross operating margin +€24,040
up €24,040, from -€5,265 to €18,775
- Taxes +€4,063
new in 2025: €4,063
- Financial income -€2,389
no longer reported in 2025 (was €2,389)
- Depreciation +€828
up €828 (+45.4%), from €1,825 to €2,653
- Other operating charges +€468
up €468 (+478%), from €98 to €566
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 | €16,596 | €30,027 | +€13,431 | +80.9% |
| Fixed assets | 21/28 | €5,524 | €2,871 | -€2,653 | -48.0% |
| Tangible fixed assets | 22/27 | €5,524 | €2,871 | -€2,653 | -48.0% |
| Furniture and vehicles | 24 | €4,691 | €2,285 | -€2,406 | -51.3% |
| Other tangible fixed assets | 26 | €833 | €586 | -€247 | -29.7% |
| Current assets | 29/58 | €11,072 | €27,156 | +€16,084 | +145% |
| Amounts receivable within one year | 40/41 | €5,309 | €5,936 | +€627 | +11.8% |
| Trade receivables | 40 | €5,309 | €5,936 | +€627 | +11.8% |
| Cash at bank and in hand | 54/58 | €3,885 | €19,429 | +€15,544 | +400% |
| Deferred charges and accrued income | 490/1 | €1,878 | €1,791 | -€87 | -4.6% |
| Total equity and liabilities | 10/49 | €16,596 | €30,027 | +€13,431 | +80.9% |
| Equity | 10/15 | -€233 | €6,958 | +€7,191 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,233 | €4,958 | +€7,191 | |
| Amounts payable | 17/49 | €16,829 | €23,069 | +€6,240 | +37.1% |
| Amounts payable after more than one year | 17 | €4,994 | €3,282 | -€1,712 | -34.3% |
| Financial debts | 170/4 | €4,994 | €3,282 | -€1,712 | -34.3% |
| Amounts payable within one year | 42/48 | €11,835 | €19,787 | +€7,952 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €1,712 | €1,712 | = | 0.0% |
| Trade debts | 44 | €4,218 | €3,961 | -€257 | -6.1% |
| Suppliers | 440/4 | €4,218 | €3,961 | -€257 | -6.1% |
| Taxes, remuneration and social security | 45 | €1,907 | €7,920 | +€6,013 | +315% |
| Taxes | 450/3 | €1,907 | €7,920 | +€6,013 | +315% |
| Other amounts payable | 47/48 | €3,998 | €6,194 | +€2,196 | +54.9% |
| Remuneration, social security and pensions | 62 | €87 | €93 | +€6 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €2,653 | +€828 | +45.4% |
| Other operating charges | 640/8 | €98 | €566 | +€468 | +478% |
| Gross operating margin | 9900 | -€5,265 | €18,775 | +€24,040 | |
| Operating profit (loss) | 9901 | -€7,275 | €15,463 | +€22,738 | |
| Financial income | 75/76B | €2,389 | - | -€2,389 | |
| Recurring financial income | 75 | €2,389 | - | -€2,389 | |
| Financial charges | 65/66B | - | €421 | +€421 | |
| Recurring financial charges | 65 | - | €421 | +€421 | |
| Profit (loss) for the period before taxes | 9903 | -€4,886 | €15,042 | +€19,928 | |
| Income taxes | 67/77 | - | €4,063 | +€4,063 | |
| Profit (loss) for the period | 9904 | -€4,886 | €10,979 | +€15,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,886 | €10,979 | +€15,865 |
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 16 October 2026 via checked.be.