THIUNAS: 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.
THIUNAS
Largest movements
- Cash -€20,617
down €20,617 (-80.3%), from €25,674 to €5,057
mainly Investment in fixed assets (net) (-€41,793) and Other debts (-€20,222)
- Receivables within one year -€17,502
down €17,502 (-13.5%), from €129,648 to €112,146
of which Trade receivables: -€22,463
- Stocks and contracts +€14,000
up €14,000 (+41.9%), from €33,395 to €47,395
- Other debts -€20,222
down €20,222 (-5.8%), from €348,192 to €327,970
- Gross operating margin -€10,953
down €10,953 (-23.4%), from €46,758 to €35,805
- Depreciation -€7,083
down €7,083 (-16.8%), from €42,126 to €35,042
- Taxes -€655
no longer reported in 2024 (was €655)
- Financial charges +€604
up €604 (+71.9%), from €841 to €1,445
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.
Derived cash bridge
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 | €755,682 | €738,314 | -€17,368 | -2.3% |
| Fixed assets | 21/28 | €566,965 | €573,716 | +€6,751 | +1.2% |
| Tangible fixed assets | 22/27 | €519,771 | €526,521 | +€6,751 | +1.3% |
| Land and buildings | 22 | €444,166 | €454,239 | +€10,073 | +2.3% |
| Plant, machinery and equipment | 23 | €57,798 | €54,475 | -€3,323 | -5.7% |
| Other tangible fixed assets | 26 | €2,807 | €2,807 | = | 0.0% |
| Assets under construction and advance payments | 27 | €15,000 | €15,000 | = | 0.0% |
| Financial fixed assets | 28 | €47,194 | €47,194 | = | 0.0% |
| Current assets | 29/58 | €188,717 | €164,599 | -€24,118 | -12.8% |
| Stocks and contracts in progress | 3 | €33,395 | €47,395 | +€14,000 | +41.9% |
| Stocks | 30/36 | €33,395 | €47,395 | +€14,000 | +41.9% |
| Amounts receivable within one year | 40/41 | €129,648 | €112,146 | -€17,502 | -13.5% |
| Trade receivables | 40 | €115,979 | €93,516 | -€22,463 | -19.4% |
| Other amounts receivable | 41 | €13,669 | €18,630 | +€4,961 | +36.3% |
| Cash at bank and in hand | 54/58 | €25,674 | €5,057 | -€20,617 | -80.3% |
| Total equity and liabilities | 10/49 | €755,682 | €738,314 | -€17,368 | -2.3% |
| Equity | 10/15 | €181,208 | €178,965 | -€2,243 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,008 | €110,765 | -€2,243 | -2.0% |
| Amounts payable | 17/49 | €574,474 | €559,349 | -€15,125 | -2.6% |
| Amounts payable after more than one year | 17 | €214,979 | €214,979 | = | 0.0% |
| Financial debts | 170/4 | €214,979 | €214,979 | = | 0.0% |
| Amounts payable within one year | 42/48 | €359,495 | €344,370 | -€15,125 | -4.2% |
| Trade debts | 44 | €10,445 | €16,400 | +€5,955 | +57.0% |
| Suppliers | 440/4 | €10,445 | €16,400 | +€5,955 | +57.0% |
| Taxes, remuneration and social security | 45 | €857 | - | -€857 | |
| Taxes | 450/3 | €857 | - | -€857 | |
| Other amounts payable | 47/48 | €348,192 | €327,970 | -€20,222 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,126 | €35,042 | -€7,083 | -16.8% |
| Other operating charges | 640/8 | €1,357 | €1,568 | +€212 | +15.6% |
| Gross operating margin | 9900 | €46,758 | €35,805 | -€10,953 | -23.4% |
| Operating profit (loss) | 9901 | €3,275 | -€806 | -€4,081 | |
| Financial income | 75/76B | €433 | €8 | -€425 | -98.2% |
| Recurring financial income | 75 | €433 | €8 | -€425 | -98.2% |
| Financial charges | 65/66B | €841 | €1,445 | +€604 | +71.9% |
| Recurring financial charges | 65 | €841 | €1,445 | +€604 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €2,867 | -€2,243 | -€5,111 | |
| Income taxes | 67/77 | €655 | - | -€655 | |
| Profit (loss) for the period | 9904 | €2,213 | -€2,243 | -€4,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,213 | -€2,243 | -€4,456 |
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 16 October 2026 via checked.be.