THIRY WALLONIE: 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 WALLONIE
Largest movements
- Stocks and contracts -€52,043
down €52,043 (-80.6%), from €64,590 to €12,548
- Receivables within one year +€44,832
up €44,832 (+51.3%), from €87,421 to €132,253
of which Trade receivables: +€44,176
- Cash +€14,783
up €14,783 (+34.6%), from €42,699 to €57,482
mainly Stocks and contracts (+€52,043) and Accrued charges and deferred income (+€36,887)
- Tangible fixed assets -€5,815
down €5,815 (-52.0%), from €11,175 to €5,360
of which Furniture and vehicles: -€5,099
- Deferred charges and accrued income +€3,466
up €3,466 (+88.9%), from €3,900 to €7,366
- Accrued charges and deferred income +€36,887
up €36,887 (+42.4%), from €86,924 to €123,811
- Profit (loss) carried forward -€27,245
down €27,245 (-37.5%), from €72,697 to €45,452
- Trade debts -€11,528
down €11,528 (-78.9%), from €14,607 to €3,079
- Advances received +€5,000
up €5,000 (+73.9%), from €6,769 to €11,769
- Staff costs +€44,324
up €44,324 (+28.0%), from €158,084 to €202,408
- Gross operating margin +€15,824
up €15,824 (+9.3%), from €170,509 to €186,333
- Taxes -€2,676
down €2,676 (-88.9%), from €3,011 to €335
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 | €214,141 | €219,364 | +€5,223 | +2.4% |
| Fixed assets | 21/28 | €15,531 | €9,716 | -€5,815 | -37.4% |
| Tangible fixed assets | 22/27 | €11,175 | €5,360 | -€5,815 | -52.0% |
| Plant, machinery and equipment | 23 | €2,147 | €1,431 | -€716 | -33.4% |
| Furniture and vehicles | 24 | €9,028 | €3,929 | -€5,099 | -56.5% |
| Financial fixed assets | 28 | €4,356 | €4,356 | = | 0.0% |
| Current assets | 29/58 | €198,610 | €209,648 | +€11,038 | +5.6% |
| Stocks and contracts in progress | 3 | €64,590 | €12,548 | -€52,043 | -80.6% |
| Stocks | 30/36 | €64,590 | €12,548 | -€52,043 | -80.6% |
| Amounts receivable within one year | 40/41 | €87,421 | €132,253 | +€44,832 | +51.3% |
| Trade receivables | 40 | €83,625 | €127,801 | +€44,176 | +52.8% |
| Other amounts receivable | 41 | €3,796 | €4,452 | +€656 | +17.3% |
| Cash at bank and in hand | 54/58 | €42,699 | €57,482 | +€14,783 | +34.6% |
| Deferred charges and accrued income | 490/1 | €3,900 | €7,366 | +€3,466 | +88.9% |
| Total equity and liabilities | 10/49 | €214,141 | €219,364 | +€5,223 | +2.4% |
| Equity | 10/15 | €73,697 | €46,452 | -€27,245 | -37.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,697 | €45,452 | -€27,245 | -37.5% |
| Amounts payable | 17/49 | €140,444 | €172,912 | +€32,468 | +23.1% |
| Amounts payable within one year | 42/48 | €53,521 | €49,101 | -€4,419 | -8.3% |
| Trade debts | 44 | €14,607 | €3,079 | -€11,528 | -78.9% |
| Suppliers | 440/4 | €14,607 | €3,079 | -€11,528 | -78.9% |
| Advances received on contracts in progress | 46 | €6,769 | €11,769 | +€5,000 | +73.9% |
| Taxes, remuneration and social security | 45 | €32,145 | €34,253 | +€2,109 | +6.6% |
| Taxes | 450/3 | €12,265 | €10,716 | -€1,548 | -12.6% |
| Remuneration and social security | 454/9 | €19,880 | €23,537 | +€3,657 | +18.4% |
| Accrued charges and deferred income | 492/3 | €86,924 | €123,811 | +€36,887 | +42.4% |
| Remuneration, social security and pensions | 62 | €158,084 | €202,408 | +€44,324 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €5,815 | +€921 | +18.8% |
| Other operating charges | 640/8 | €3,355 | €4,432 | +€1,076 | +32.1% |
| Gross operating margin | 9900 | €170,509 | €186,333 | +€15,824 | +9.3% |
| Operating profit (loss) | 9901 | €4,175 | -€26,322 | -€30,497 | |
| Financial income | 75/76B | €110 | €240 | +€131 | +119% |
| Recurring financial income | 75 | €110 | €240 | +€131 | +119% |
| Financial charges | 65/66B | €1,217 | €828 | -€389 | -32.0% |
| Recurring financial charges | 65 | €1,217 | €828 | -€389 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €3,068 | -€26,910 | -€29,978 | |
| Income taxes | 67/77 | €3,011 | €335 | -€2,676 | -88.9% |
| Profit (loss) for the period | 9904 | €57 | -€27,245 | -€27,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €57 | -€27,245 | -€27,302 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.