THIRY & PARTNERS: what changed
What changed
THIRY & PARTNERS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€66,581
2024 · €85,752-€19,170
Equity
€18,550
2024 · €18,550
Cash
€122,588
2024 · €104,485+€18,104
Balance sheet total
€142,370
2024 · €121,443+€20,927
Largest movements
Assets
- Cash +€18,104
up €18,104 (+17.3%), from €104,485 to €122,588
mainly Net result for the year (+€66,581) and Tax, wage and social debts (+€8,775)
- Financial fixed assets +€6,008
up €6,008 (+6,008%), from €100 to €6,108
- Deferred charges and accrued income -€2,375
down €2,375 (-94.8%), from €2,505 to €130
Equity and liabilities
- Tax, wage and social debts +€8,775
up €8,775 (+90.9%), from €9,648 to €18,423
- Other debts +€8,757
up €8,757 (+10.0%), from €87,273 to €96,031
- Trade debts +€3,023
up €3,023 (+66.0%), from €4,582 to €7,605
Income statement
- Gross operating margin -€23,143
down €23,143 (-20.8%), from €111,074 to €87,931
- Taxes -€5,626
down €5,626 (-24.1%), from €23,334 to €17,707
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€85,752
Gross operating margin
-€23,143
Other operating charges
+€133
Financial income
-€912
Financial charges
-€874
Taxes
+€5,626
Result 2025
€66,581
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€90,693
Investment
-€6,008
Financing
-€66,581
Cash 2024
€104,485
From operations (derived)
+€90,693
Net result for the year
+€66,581
Depreciation
+€809
Deferred charges and accrued income
+€2,375
Trade debts
+€3,023
Tax, wage and social debts
+€8,775
Other debts
+€8,757
Accrued charges and deferred income
+€372
Investment (derived)
-€6,008
Investment in fixed assets (net)
-€6,008
Financing
-€66,581
Contributions, distributions and other
-€66,581
Cash 2025
€122,588
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,443 | €142,370 | +€20,927 | +17.2% |
| Fixed assets | 21/28 | €2,354 | €7,552 | +€5,198 | +221% |
| Tangible fixed assets | 22/27 | €2,254 | €1,444 | -€809 | -35.9% |
| Plant, machinery and equipment | 23 | €2,254 | €1,444 | -€809 | -35.9% |
| Financial fixed assets | 28 | €100 | €6,108 | +€6,008 | +6,008% |
| Current assets | 29/58 | €119,090 | €134,818 | +€15,729 | +13.2% |
| Amounts receivable within one year | 40/41 | €12,100 | €12,100 | = | 0.0% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €104,485 | €122,588 | +€18,104 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,505 | €130 | -€2,375 | -94.8% |
| Total equity and liabilities | 10/49 | €121,443 | €142,370 | +€20,927 | +17.2% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,893 | €123,820 | +€20,927 | +20.3% |
| Amounts payable within one year | 42/48 | €101,503 | €122,058 | +€20,555 | +20.3% |
| Trade debts | 44 | €4,582 | €7,605 | +€3,023 | +66.0% |
| Suppliers | 440/4 | €4,582 | €7,605 | +€3,023 | +66.0% |
| Taxes, remuneration and social security | 45 | €9,648 | €18,423 | +€8,775 | +90.9% |
| Taxes | 450/3 | €9,648 | €18,423 | +€8,775 | +90.9% |
| Other amounts payable | 47/48 | €87,273 | €96,031 | +€8,757 | +10.0% |
| Accrued charges and deferred income | 492/3 | €1,390 | €1,762 | +€372 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €809 | = | 0.0% |
| Other operating charges | 640/8 | €1,453 | €1,320 | -€133 | -9.2% |
| Gross operating margin | 9900 | €111,074 | €87,931 | -€23,143 | -20.8% |
| Operating profit (loss) | 9901 | €108,811 | €85,802 | -€23,010 | -21.1% |
| Financial income | 75/76B | €912 | €0 | -€912 | -100% |
| Recurring financial income | 75 | €912 | €0 | -€912 | -100% |
| Financial charges | 65/66B | €639 | €1,513 | +€874 | +137% |
| Recurring financial charges | 65 | €639 | €1,513 | +€874 | +137% |
| Profit (loss) for the period before taxes | 9903 | €109,085 | €84,289 | -€24,797 | -22.7% |
| Income taxes | 67/77 | €23,334 | €17,707 | -€5,626 | -24.1% |
| Profit (loss) for the period | 9904 | €85,752 | €66,581 | -€19,170 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,752 | €66,581 | -€19,170 | -22.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.