THIRY GENT: 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.
THIRY GENT
Largest movements
- Receivables within one year -€187,875
down €187,875 (-8.3%), from €2.3m to €2.1m
of which Trade receivables: -€195,659
- Tangible fixed assets -€69,543
down €69,543 (-6.6%), from €1.1m to €987,586
of which Other tangible fixed assets: -€156,380
- Cash -€57,955
down €57,955 (-6.0%), from €961,950 to €903,995
mainly Trade debts (-€846,870) and Investment in fixed assets (net) (-€101,000)
- Trade debts -€846,870
down €846,870 (-43.7%), from €1.9m to €1.1m
- Profit (loss) carried forward +€429,792
up €429,792, from -€281,884 to €147,907
- Tax, wage and social debts +€97,915
up €97,915 (+40.6%), from €241,412 to €339,328
of which Remuneration and social security: +€50,061
- Gross operating margin +€668,797
up €668,797 (+29.5%), from €2.3m to €2.9m
- Other operating charges +€214,856
up €214,856 (+353.8%), from €60,728 to €275,584
- Staff costs +€133,629
up €133,629 (+7.7%), from €1.7m to €1.9m
- Taxes +€73,410
up €73,410 (+76.1%), from €96,460 to €169,871
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.
Cash bridge derived
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 | €4,648,167 | €4,329,004 | -€319,163 | -6.9% |
| Fixed assets | 21/28 | €1,098,519 | €1,011,592 | -€86,927 | -7.9% |
| Intangible fixed assets | 21 | €40,175 | €22,791 | -€17,383 | -43.3% |
| Tangible fixed assets | 22/27 | €1,057,129 | €987,586 | -€69,543 | -6.6% |
| Plant, machinery and equipment | 23 | €4,433 | €90,279 | +€85,845 | +1936.3% |
| Furniture and vehicles | 24 | €1,029 | €2,020 | +€992 | +96.4% |
| Other tangible fixed assets | 26 | €1,051,667 | €895,287 | -€156,380 | -14.9% |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €3,549,648 | €3,317,411 | -€232,237 | -6.5% |
| Stocks and contracts in progress | 3 | €302,791 | €315,873 | +€13,082 | +4.3% |
| Stocks | 30/36 | €302,791 | €315,873 | +€13,082 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,262,913 | €2,075,038 | -€187,875 | -8.3% |
| Trade receivables | 40 | €2,166,289 | €1,970,630 | -€195,659 | -9.0% |
| Other amounts receivable | 41 | €96,624 | €104,408 | +€7,785 | +8.1% |
| Cash at bank and in hand | 54/58 | €961,950 | €903,995 | -€57,955 | -6.0% |
| Deferred charges and accrued income | 490/1 | €21,994 | €22,505 | +€511 | +2.3% |
| Total equity and liabilities | 10/49 | €4,648,167 | €4,329,004 | -€319,163 | -6.9% |
| Equity | 10/15 | €2,470,563 | €2,900,355 | +€429,792 | +17.4% |
| Contributions | 10/11 | €570,375 | €570,375 | = | 0.0% |
| Capital | 10 | €570,375 | €570,375 | = | 0.0% |
| Issued capital | 100 | €570,375 | €570,375 | = | 0.0% |
| Reserves | 13 | €2,182,072 | €2,182,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,038 | €57,038 | = | 0.0% |
| Legal reserve | 130 | €57,038 | €57,038 | = | 0.0% |
| Tax-exempt reserves | 132 | €923,693 | €923,693 | = | 0.0% |
| Distributable reserves | 133 | €1,201,342 | €1,201,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€281,884 | €147,907 | +€429,792 | |
| Amounts payable | 17/49 | €2,177,604 | €1,428,649 | -€748,955 | -34.4% |
| Amounts payable within one year | 42/48 | €2,177,604 | €1,428,649 | -€748,955 | -34.4% |
| Trade debts | 44 | €1,936,191 | €1,089,321 | -€846,870 | -43.7% |
| Suppliers | 440/4 | €1,936,191 | €1,089,321 | -€846,870 | -43.7% |
| Taxes, remuneration and social security | 45 | €241,412 | €339,328 | +€97,915 | +40.6% |
| Taxes | 450/3 | €44,092 | €91,947 | +€47,855 | +108.5% |
| Remuneration and social security | 454/9 | €197,320 | €247,381 | +€50,061 | +25.4% |
| Non-recurring operating income | 76A | €309 | €227 | -€82 | -26.5% |
| Remuneration, social security and pensions | 62 | €1,724,428 | €1,858,057 | +€133,629 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,470 | €187,927 | -€5,543 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €958 | €16,299 | +€15,341 | +1601.6% |
| Other operating charges | 640/8 | €60,728 | €275,584 | +€214,856 | +353.8% |
| Gross operating margin | 9900 | €2,269,593 | €2,938,390 | +€668,797 | +29.5% |
| Operating profit (loss) | 9901 | €290,010 | €600,523 | +€310,514 | +107.1% |
| Financial income | 75/76B | €1,413 | €424 | -€989 | -70.0% |
| Recurring financial income | 75 | €1,413 | €424 | -€989 | -70.0% |
| Financial charges | 65/66B | €2,153 | €1,285 | -€868 | -40.3% |
| Recurring financial charges | 65 | €2,153 | €1,285 | -€868 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €289,270 | €599,662 | +€310,392 | +107.3% |
| Income taxes | 67/77 | €96,460 | €169,871 | +€73,410 | +76.1% |
| Profit (loss) for the period | 9904 | €192,810 | €429,792 | +€236,982 | +122.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,810 | €429,792 | +€236,982 | +122.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.