THIS1: 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.
THIS1
Largest movements
- Tangible fixed assets -€14,379
down €14,379 (-3.3%), from €430,552 to €416,173
of which Land and buildings: -€12,879
- Cash +€10,971
up €10,971 (+304.2%), from €3,606 to €14,577
mainly Net result for the year (+€16,958) and Depreciation (+€14,379)
- Debts after one year -€18,419
down €18,419 (-5.7%), from €322,177 to €303,759
- Profit (loss) carried forward +€16,958
up €16,958 (+201.2%), from €8,428 to €25,386
- Other debts +€13,459
up €13,459 (+20.2%), from €66,541 to €80,000
- Accrued charges and deferred income -€11,352
down €11,352 (-91.1%), from €12,468 to €1,116
- Tax, wage and social debts -€8,959
down €8,959 (-83.1%), from €10,775 to €1,817
- Depreciation -€39,094
down €39,094 (-73.1%), from €53,473 to €14,379
- Gross operating margin +€22,181
up €22,181 (+90.7%), from €24,454 to €46,635
- Financial charges +€11,904
up €11,904 (+30483.4%), from €39 to €11,943
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 | €446,197 | €446,894 | +€697 | +0.2% |
| Fixed assets | 21/28 | €430,552 | €416,173 | -€14,379 | -3.3% |
| Tangible fixed assets | 22/27 | €430,552 | €416,173 | -€14,379 | -3.3% |
| Land and buildings | 22 | €423,927 | €411,048 | -€12,879 | -3.0% |
| Furniture and vehicles | 24 | €6,625 | €5,125 | -€1,500 | -22.6% |
| Current assets | 29/58 | €15,646 | €30,721 | +€15,076 | +96.4% |
| Amounts receivable within one year | 40/41 | €12,040 | €15,428 | +€3,388 | +28.1% |
| Trade receivables | 40 | €12,040 | €15,428 | +€3,388 | +28.1% |
| Cash at bank and in hand | 54/58 | €3,606 | €14,577 | +€10,971 | +304.2% |
| Deferred charges and accrued income | 490/1 | - | €717 | +€717 | |
| Total equity and liabilities | 10/49 | €446,197 | €446,894 | +€697 | +0.2% |
| Equity | 10/15 | €10,928 | €27,886 | +€16,958 | +155.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,428 | €25,386 | +€16,958 | +201.2% |
| Amounts payable | 17/49 | €435,270 | €419,008 | -€16,261 | -3.7% |
| Amounts payable after more than one year | 17 | €322,177 | €303,759 | -€18,419 | -5.7% |
| Financial debts | 170/4 | €322,177 | €303,759 | -€18,419 | -5.7% |
| Amounts payable within one year | 42/48 | €100,625 | €114,134 | +€13,509 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,823 | €18,419 | +€596 | +3.3% |
| Trade debts | 44 | €5,485 | €13,899 | +€8,413 | +153.4% |
| Suppliers | 440/4 | €5,485 | €13,899 | +€8,413 | +153.4% |
| Taxes, remuneration and social security | 45 | €10,775 | €1,817 | -€8,959 | -83.1% |
| Taxes | 450/3 | €10,775 | €1,817 | -€8,959 | -83.1% |
| Other amounts payable | 47/48 | €66,541 | €80,000 | +€13,459 | +20.2% |
| Accrued charges and deferred income | 492/3 | €12,468 | €1,116 | -€11,352 | -91.1% |
| Remuneration, social security and pensions | 62 | €1,658 | €1,908 | +€250 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,473 | €14,379 | -€39,094 | -73.1% |
| Other operating charges | 640/8 | €1,112 | €1,447 | +€335 | +30.1% |
| Gross operating margin | 9900 | €24,454 | €46,635 | +€22,181 | +90.7% |
| Operating profit (loss) | 9901 | -€31,790 | €28,901 | +€60,690 | |
| Financial charges | 65/66B | €39 | €11,943 | +€11,904 | +30483.4% |
| Recurring financial charges | 65 | €39 | €11,943 | +€11,904 | +30483.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,829 | €16,958 | +€48,787 | |
| Profit (loss) for the period | 9904 | -€31,829 | €16,958 | +€48,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,829 | €16,958 | +€48,787 |
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.