THIRY Laurent: 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 Laurent
Largest movements
- Cash +€350,121
up €350,121 (+169.7%), from €206,317 to €556,438
mainly Net result for the year (+€280,211) and Depreciation (+€270,600)
- Receivables within one year -€144,354
down €144,354 (-49.5%), from €291,907 to €147,553
of which Trade receivables: -€75,581
- Stocks and contracts -€50,000
no longer reported in 2024 (was €50,000)
- Tangible fixed assets +€28,391
up €28,391 (+3.3%), from €853,086 to €881,477
of which Plant, machinery and equipment: +€47,123
- Reserves +€280,211
up €280,211 (+41.4%), from €677,185 to €957,395
of which Distributable reserves: +€280,211
- Trade debts -€93,912
down €93,912 (-45.7%), from €205,489 to €111,577
- Gross operating margin +€332,020
up €332,020 (+37.5%), from €885,648 to €1.2m
- Taxes +€121,090
up €121,090 (+1119.0%), from €10,821 to €131,912
- Staff costs +€39,730
up €39,730 (+8.2%), from €482,214 to €521,944
- Depreciation -€35,526
down €35,526 (-11.6%), from €306,125 to €270,600
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 | €1,465,859 | €1,651,891 | +€186,032 | +12.7% |
| Fixed assets | 21/28 | €889,540 | €917,931 | +€28,391 | +3.2% |
| Tangible fixed assets | 22/27 | €853,086 | €881,477 | +€28,391 | +3.3% |
| Land and buildings | 22 | €25,898 | €20,123 | -€5,775 | -22.3% |
| Plant, machinery and equipment | 23 | €766,014 | €813,137 | +€47,123 | +6.2% |
| Furniture and vehicles | 24 | €61,174 | €48,217 | -€12,957 | -21.2% |
| Financial fixed assets | 28 | €36,454 | €36,454 | = | 0.0% |
| Current assets | 29/58 | €576,320 | €733,960 | +€157,641 | +27.4% |
| Stocks and contracts in progress | 3 | €50,000 | - | -€50,000 | |
| Contracts in progress | 37 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €291,907 | €147,553 | -€144,354 | -49.5% |
| Trade receivables | 40 | €121,506 | €45,925 | -€75,581 | -62.2% |
| Other amounts receivable | 41 | €170,401 | €101,627 | -€68,773 | -40.4% |
| Cash at bank and in hand | 54/58 | €206,317 | €556,438 | +€350,121 | +169.7% |
| Deferred charges and accrued income | 490/1 | €28,096 | €29,970 | +€1,874 | +6.7% |
| Total equity and liabilities | 10/49 | €1,465,859 | €1,651,891 | +€186,032 | +12.7% |
| Equity | 10/15 | €1,220,482 | €1,500,693 | +€280,211 | +23.0% |
| Contributions | 10/11 | €378,600 | €378,600 | = | 0.0% |
| Capital | 10 | €378,600 | €378,600 | = | 0.0% |
| Issued capital | 100 | €378,600 | €378,600 | = | 0.0% |
| Reserves | 13 | €677,185 | €957,395 | +€280,211 | +41.4% |
| Non-distributable reserves | 130/1 | €55,737 | €55,737 | = | 0.0% |
| Legal reserve | 130 | €24,083 | €24,083 | = | 0.0% |
| Other | 1319 | €31,654 | €31,654 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,189 | €29,189 | = | 0.0% |
| Distributable reserves | 133 | €592,258 | €872,468 | +€280,211 | +47.3% |
| Profit (loss) carried forward | 14 | €164,697 | €164,697 | = | 0.0% |
| Amounts payable | 17/49 | €245,378 | €151,199 | -€94,179 | -38.4% |
| Amounts payable within one year | 42/48 | €245,378 | €151,199 | -€94,179 | -38.4% |
| Trade debts | 44 | €205,489 | €111,577 | -€93,912 | -45.7% |
| Suppliers | 440/4 | €205,489 | €111,577 | -€93,912 | -45.7% |
| Taxes, remuneration and social security | 45 | €27,011 | €26,744 | -€267 | -1.0% |
| Taxes | 450/3 | €13,507 | €13,223 | -€284 | -2.1% |
| Remuneration and social security | 454/9 | €13,504 | €13,521 | +€17 | +0.1% |
| Other amounts payable | 47/48 | €12,878 | €12,878 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €482,214 | €521,944 | +€39,730 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,125 | €270,600 | -€35,526 | -11.6% |
| Other operating charges | 640/8 | €18,819 | €11,252 | -€7,567 | -40.2% |
| Gross operating margin | 9900 | €885,648 | €1,217,669 | +€332,020 | +37.5% |
| Operating profit (loss) | 9901 | €78,490 | €413,873 | +€335,383 | +427.3% |
| Financial charges | 65/66B | €2,076 | €1,750 | -€325 | -15.7% |
| Recurring financial charges | 65 | €2,076 | €1,750 | -€325 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €76,414 | €412,123 | +€335,708 | +439.3% |
| Income taxes | 67/77 | €10,821 | €131,912 | +€121,090 | +1119.0% |
| Profit (loss) for the period | 9904 | €65,593 | €280,211 | +€214,618 | +327.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,593 | €280,211 | +€214,618 | +327.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.