THIRY BART: 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.
THIRY BART
Largest movements
- Receivables within one year -€13,043
down €13,043 (-29.7%), from €43,846 to €30,803
- Cash +€2,874
up €2,874 (+130%), from €2,210 to €5,084
mainly Receivables within one year (+€13,043) and Other debts (+€5,291)
- Tangible fixed assets -€1,159
down €1,159 (-27.9%), from €4,146 to €2,988
of which Plant, machinery and equipment: -€780
- Profit (loss) carried forward -€6,746
new in 2025: -€6,746
- Other debts +€5,291
up €5,291 (+11.1%), from €47,486 to €52,777
- Current portion of long-term debt -€3,669
down €3,669 (-91.6%), from €4,005 to €336
- Trade debts -€2,177
down €2,177 (-15.2%), from €14,325 to €12,148
- Tax, wage and social debts -€2,009
down €2,009 (-44.7%), from €4,496 to €2,488
of which Remuneration and social security: -€2,650
- Gross operating margin -€40,020
down €40,020, from €34,069 to -€5,951
- Staff costs -€23,876
no longer reported in 2025 (was €23,876)
- Other operating charges +€1,175
new in 2025: €1,175
- Taxes -€936
down €936 (-79.6%), from €1,175 to €239
- Depreciation -€589
down €589 (-33.7%), from €1,748 to €1,159
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 | €114,248 | €102,741 | -€11,507 | -10.1% |
| Fixed assets | 21/28 | €4,146 | €2,988 | -€1,159 | -27.9% |
| Tangible fixed assets | 22/27 | €4,146 | €2,988 | -€1,159 | -27.9% |
| Plant, machinery and equipment | 23 | €944 | €164 | -€780 | -82.6% |
| Furniture and vehicles | 24 | €3,202 | €2,823 | -€379 | -11.8% |
| Current assets | 29/58 | €110,102 | €99,753 | -€10,349 | -9.4% |
| Stocks and contracts in progress | 3 | €63,500 | €63,500 | = | 0.0% |
| Stocks | 30/36 | €63,500 | - | -€63,500 | |
| Contracts in progress | 37 | - | €63,500 | +€63,500 | |
| Amounts receivable within one year | 40/41 | €43,846 | €30,803 | -€13,043 | -29.7% |
| Trade receivables | 40 | €43,846 | €30,803 | -€13,043 | -29.7% |
| Cash at bank and in hand | 54/58 | €2,210 | €5,084 | +€2,874 | +130% |
| Deferred charges and accrued income | 490/1 | €546 | €366 | -€180 | -33.0% |
| Total equity and liabilities | 10/49 | €114,248 | €102,741 | -€11,507 | -10.1% |
| Equity | 10/15 | €43,600 | €34,992 | -€8,608 | -19.7% |
| Contributions | 10/11 | €18,618 | €18,618 | = | 0.0% |
| Reserves | 13 | €24,983 | €23,121 | -€1,862 | -7.5% |
| Non-distributable reserves | 130/1 | €1,862 | €0 | -€1,862 | -100% |
| Reserves not available under the articles | 1311 | €1,862 | €0 | -€1,862 | -100% |
| Distributable reserves | 133 | €23,121 | €23,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,746 | -€6,746 | |
| Amounts payable | 17/49 | €70,648 | €67,749 | -€2,899 | -4.1% |
| Amounts payable after more than one year | 17 | €336 | €0 | -€336 | -100% |
| Financial debts | 170/4 | €336 | €0 | -€336 | -100% |
| Amounts payable within one year | 42/48 | €70,312 | €67,749 | -€2,563 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €4,005 | €336 | -€3,669 | -91.6% |
| Trade debts | 44 | €14,325 | €12,148 | -€2,177 | -15.2% |
| Suppliers | 440/4 | €14,325 | €12,148 | -€2,177 | -15.2% |
| Taxes, remuneration and social security | 45 | €4,496 | €2,488 | -€2,009 | -44.7% |
| Taxes | 450/3 | €1,846 | €2,488 | +€641 | +34.7% |
| Remuneration and social security | 454/9 | €2,650 | €0 | -€2,650 | -100% |
| Other amounts payable | 47/48 | €47,486 | €52,777 | +€5,291 | +11.1% |
| Non-recurring operating income | 76A | €276 | - | -€276 | |
| Remuneration, social security and pensions | 62 | €23,876 | - | -€23,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €1,159 | -€589 | -33.7% |
| Other operating charges | 640/8 | - | €1,175 | +€1,175 | |
| Gross operating margin | 9900 | €34,069 | -€5,951 | -€40,020 | |
| Operating profit (loss) | 9901 | €8,445 | -€8,285 | -€16,730 | |
| Financial charges | 65/66B | €111 | €84 | -€27 | -24.3% |
| Recurring financial charges | 65 | €111 | €84 | -€27 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €8,334 | -€8,369 | -€16,703 | |
| Income taxes | 67/77 | €1,175 | €239 | -€936 | -79.6% |
| Profit (loss) for the period | 9904 | €7,159 | -€8,608 | -€15,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,159 | -€8,608 | -€15,767 |
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 15 October 2026 via checked.be.