THITUS: 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.
THITUS
Largest movements
- Cash -€4,170
down €4,170 (-57.6%), from €7,242 to €3,072
mainly Other debts (-€110,548) and Net result for the year (-€4,480)
- Receivables within one year -€2,464
down €2,464 (-40.1%), from €6,140 to €3,675
- Deferred charges and accrued income -€605
down €605 (-96.3%), from €628 to €23
- Tangible fixed assets -€343
down €343 (-69.7%), from €493 to €150
- Other debts -€110,548
down €110,548 (-99.1%), from €111,593 to €1,045
- Debts after one year +€110,000
new in 2025: €110,000
- Profit (loss) carried forward -€4,480
down €4,480 (-3.6%), from -€125,077 to -€129,557
- Tax, wage and social debts -€1,844
down €1,844 (-38.5%), from €4,794 to €2,950
- Trade debts -€1,182
down €1,182 (-45.4%), from €2,603 to €1,421
- Gross operating margin +€80,733
up €80,733 (+96.6%), from -€83,555 to -€2,821
- Financial charges -€1,640
down €1,640 (-64.0%), from €2,563 to €923
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 | €14,502 | €6,920 | -€7,582 | -52.3% |
| Fixed assets | 21/28 | €493 | €150 | -€343 | -69.7% |
| Tangible fixed assets | 22/27 | €493 | €150 | -€343 | -69.7% |
| Furniture and vehicles | 24 | €493 | €150 | -€343 | -69.7% |
| Current assets | 29/58 | €14,009 | €6,770 | -€7,239 | -51.7% |
| Amounts receivable within one year | 40/41 | €6,140 | €3,675 | -€2,464 | -40.1% |
| Trade receivables | 40 | €6,140 | €3,675 | -€2,464 | -40.1% |
| Cash at bank and in hand | 54/58 | €7,242 | €3,072 | -€4,170 | -57.6% |
| Deferred charges and accrued income | 490/1 | €628 | €23 | -€605 | -96.3% |
| Total equity and liabilities | 10/49 | €14,502 | €6,920 | -€7,582 | -52.3% |
| Equity | 10/15 | -€104,617 | -€109,097 | -€4,480 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,077 | -€129,557 | -€4,480 | -3.6% |
| Amounts payable | 17/49 | €119,119 | €116,017 | -€3,103 | -2.6% |
| Amounts payable after more than one year | 17 | - | €110,000 | +€110,000 | |
| Financial debts | 170/4 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €119,119 | €6,017 | -€113,103 | -94.9% |
| Financial debts | 43 | €129 | €601 | +€472 | +367% |
| Credit institutions | 430/8 | €129 | €601 | +€472 | +367% |
| Trade debts | 44 | €2,603 | €1,421 | -€1,182 | -45.4% |
| Suppliers | 440/4 | €2,603 | €1,421 | -€1,182 | -45.4% |
| Taxes, remuneration and social security | 45 | €4,794 | €2,950 | -€1,844 | -38.5% |
| Taxes | 450/3 | €4,794 | €2,950 | -€1,844 | -38.5% |
| Other amounts payable | 47/48 | €111,593 | €1,045 | -€110,548 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €343 | -€112 | -24.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€83,555 | -€2,821 | +€80,733 | +96.6% |
| Operating profit (loss) | 9901 | -€84,397 | -€3,565 | +€80,833 | +95.8% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €2,563 | €923 | -€1,640 | -64.0% |
| Recurring financial charges | 65 | €2,563 | €923 | -€1,640 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,960 | -€4,480 | +€82,481 | +94.8% |
| Profit (loss) for the period | 9904 | -€86,960 | -€4,480 | +€82,481 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,960 | -€4,480 | +€82,481 | +94.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.