Thiro: 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.
What changed
Thiro
NACE 47.210, Retail sale of fruit and vegetables
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,024
2024 · €112,894-€44,869
Equity
€189,404
2024 · €226,380-€36,976
Cash
€1,964
2024 · €8,186-€6,222
Balance sheet total
€992,746
2024 · €1.0m-€15,706
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€36,976
down €36,976 (-16.7%), from €221,380 to €184,404
- Trade debts +€32,901
up €32,901 (+82.5%), from €39,875 to €72,776
- Tax, wage and social debts -€27,538
down €27,538 (-57.2%), from €48,148 to €20,610
of which Taxes: -€27,786
- Current portion of long-term debt +€13,265
up €13,265 (+35.4%), from €37,515 to €50,780
Income statement
- Gross operating margin -€71,220
down €71,220 (-24.4%), from €291,440 to €220,220
- Depreciation -€11,321
down €11,321 (-17.1%), from €66,116 to €54,796
- Taxes -€9,308
down €9,308 (-47.9%), from €19,429 to €10,121
- Staff costs -€6,931
down €6,931 (-11.1%), from €62,715 to €55,784
- Financial income +€3,362
up €3,362 (+83.6%), from €4,023 to €7,386
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.
Result 2024
€112,894
Gross operating margin
-€71,220
Staff costs
+€6,931
Depreciation
+€11,321
Other operating charges
-€1,939
Other operating items
+€550
Financial income
+€3,362
Financial charges
-€3,182
Taxes
+€9,308
Result 2025
€68,024
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€136,708
Investment
-€53,367
Financing
-€89,563
Cash 2024
€8,186
From operations (derived)
+€136,708
Net result for the year
+€68,024
Depreciation
+€54,796
Stocks and contracts
-€2,667
Receivables within one year
+€10,007
Deferred charges and accrued income
+€715
Trade debts
+€32,901
Tax, wage and social debts
-€27,538
Accrued charges and deferred income
+€470
Investment (derived)
-€53,367
Investment in fixed assets (net)
-€53,367
Financing
-€89,563
Debts after one year
+€1,074
Current portion of long-term debt
+€13,265
Short-term financial debts
+€1,098
Contributions, distributions and other
-€105,000
Cash 2025
€1,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,451 | €992,746 | -€15,706 | -1.6% |
| Fixed assets | 21/28 | €854,194 | €852,765 | -€1,429 | -0.2% |
| Intangible fixed assets | 21 | €31,019 | €21,644 | -€9,375 | -30.2% |
| Tangible fixed assets | 22/27 | €823,174 | €831,120 | +€7,946 | +1.0% |
| Land and buildings | 22 | €762,987 | €764,043 | +€1,056 | +0.1% |
| Plant, machinery and equipment | 23 | €14,686 | €24,992 | +€10,306 | +70.2% |
| Furniture and vehicles | 24 | €43,523 | €40,577 | -€2,946 | -6.8% |
| Other tangible fixed assets | 26 | €1,978 | €1,508 | -€470 | -23.8% |
| Current assets | 29/58 | €154,257 | €139,981 | -€14,277 | -9.3% |
| Stocks and contracts in progress | 3 | €8,258 | €10,925 | +€2,667 | +32.3% |
| Stocks | 30/36 | €8,258 | €10,925 | +€2,667 | +32.3% |
| Amounts receivable within one year | 40/41 | €135,753 | €125,746 | -€10,007 | -7.4% |
| Trade receivables | 40 | €4,143 | €34,675 | +€30,532 | +737% |
| Other amounts receivable | 41 | €131,611 | €91,072 | -€40,539 | -30.8% |
| Cash at bank and in hand | 54/58 | €8,186 | €1,964 | -€6,222 | -76.0% |
| Deferred charges and accrued income | 490/1 | €2,060 | €1,345 | -€715 | -34.7% |
| Total equity and liabilities | 10/49 | €1,008,451 | €992,746 | -€15,706 | -1.6% |
| Equity | 10/15 | €226,380 | €189,404 | -€36,976 | -16.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,380 | €184,404 | -€36,976 | -16.7% |
| Amounts payable | 17/49 | €782,071 | €803,341 | +€21,270 | +2.7% |
| Amounts payable after more than one year | 17 | €544,821 | €545,895 | +€1,074 | +0.2% |
| Financial debts | 170/4 | €544,821 | €545,895 | +€1,074 | +0.2% |
| Amounts payable within one year | 42/48 | €237,251 | €256,977 | +€19,726 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €37,515 | €50,780 | +€13,265 | +35.4% |
| Financial debts | 43 | €21,712 | €22,810 | +€1,098 | +5.1% |
| Credit institutions | 430/8 | €21,712 | €22,810 | +€1,098 | +5.1% |
| Trade debts | 44 | €39,875 | €72,776 | +€32,901 | +82.5% |
| Suppliers | 440/4 | €39,875 | €72,776 | +€32,901 | +82.5% |
| Taxes, remuneration and social security | 45 | €48,148 | €20,610 | -€27,538 | -57.2% |
| Taxes | 450/3 | €38,180 | €10,394 | -€27,786 | -72.8% |
| Remuneration and social security | 454/9 | €9,967 | €10,216 | +€248 | +2.5% |
| Other amounts payable | 47/48 | €90,000 | €90,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €470 | +€470 | |
| Non-recurring operating income | 76A | €12,130 | - | -€12,130 | |
| Remuneration, social security and pensions | 62 | €62,715 | €55,784 | -€6,931 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,116 | €54,796 | -€11,321 | -17.1% |
| Other operating charges | 640/8 | €7,505 | €9,445 | +€1,939 | +25.8% |
| Non-recurring operating charges | 66A | €550 | - | -€550 | |
| Gross operating margin | 9900 | €291,440 | €220,220 | -€71,220 | -24.4% |
| Operating profit (loss) | 9901 | €154,553 | €100,196 | -€54,358 | -35.2% |
| Financial income | 75/76B | €4,023 | €7,386 | +€3,362 | +83.6% |
| Recurring financial income | 75 | €4,023 | €7,386 | +€3,362 | +83.6% |
| Financial charges | 65/66B | €26,253 | €29,436 | +€3,182 | +12.1% |
| Recurring financial charges | 65 | €26,253 | €29,436 | +€3,182 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €132,323 | €78,146 | -€54,177 | -40.9% |
| Income taxes | 67/77 | €19,429 | €10,121 | -€9,308 | -47.9% |
| Profit (loss) for the period | 9904 | €112,894 | €68,024 | -€44,869 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,894 | €68,024 | -€44,869 | -39.7% |
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 21 October 2026 via checked.be.