THIVANTIS: 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.
THIVANTIS
Largest movements
- Receivables within one year +€13,779
up €13,779 (+125%), from €11,027 to €24,805
of which Other amounts receivable: +€12,100
- Cash +€10,824
up €10,824 (+310%), from €3,493 to €14,317
mainly Net result for the year (+€29,957) and Depreciation (+€6,305)
- Tangible fixed assets -€4,952
down €4,952 (-18.1%), from €27,364 to €22,412
of which Furniture and vehicles: -€5,163
- Deferred charges and accrued income +€726
up €726 (+230%), from €315 to €1,040
- Reserves +€21,585
new in 2025: €21,585
- Debts after one year -€6,779
down €6,779 (-85.3%), from €7,943 to €1,164
- Profit (loss) carried forward +€6,705
no longer reported in 2025 (was -€6,705)
- Tax, wage and social debts +€4,654
up €4,654 (+31.3%), from €14,865 to €19,519
of which Taxes: +€11,674
- Other debts -€3,938
down €3,938 (-70.3%), from €5,604 to €1,666
- Gross operating margin +€48,036
up €48,036 (+7,218%), from €665 to €48,701
- Taxes +€9,712
up €9,712 (+8,300%), from €117 to €9,829
- Depreciation +€947
up €947 (+17.7%), from €5,358 to €6,305
- Financial charges +€547
up €547 (+64.5%), from €848 to €1,395
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 | €42,198 | €62,575 | +€20,377 | +48.3% |
| Fixed assets | 21/28 | €27,364 | €22,412 | -€4,952 | -18.1% |
| Tangible fixed assets | 22/27 | €27,364 | €22,412 | -€4,952 | -18.1% |
| Plant, machinery and equipment | 23 | - | €902 | +€902 | |
| Furniture and vehicles | 24 | €21,089 | €15,926 | -€5,163 | -24.5% |
| Other tangible fixed assets | 26 | €6,274 | €5,583 | -€691 | -11.0% |
| Current assets | 29/58 | €14,835 | €40,163 | +€25,328 | +171% |
| Amounts receivable within one year | 40/41 | €11,027 | €24,805 | +€13,779 | +125% |
| Trade receivables | 40 | €11,027 | €12,705 | +€1,678 | +15.2% |
| Other amounts receivable | 41 | - | €12,100 | +€12,100 | |
| Cash at bank and in hand | 54/58 | €3,493 | €14,317 | +€10,824 | +310% |
| Deferred charges and accrued income | 490/1 | €315 | €1,040 | +€726 | +230% |
| Total equity and liabilities | 10/49 | €42,198 | €62,575 | +€20,377 | +48.3% |
| Equity | 10/15 | €3,295 | €31,585 | +€28,291 | +859% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €21,585 | +€21,585 | |
| Distributable reserves | 133 | - | €21,585 | +€21,585 | |
| Profit (loss) carried forward | 14 | -€6,705 | - | +€6,705 | |
| Amounts payable | 17/49 | €38,903 | €30,989 | -€7,914 | -20.3% |
| Amounts payable after more than one year | 17 | €7,943 | €1,164 | -€6,779 | -85.3% |
| Financial debts | 170/4 | €7,943 | €1,164 | -€6,779 | -85.3% |
| Amounts payable within one year | 42/48 | €30,440 | €29,825 | -€615 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,436 | €6,779 | +€343 | +5.3% |
| Trade debts | 44 | €3,535 | €1,861 | -€1,675 | -47.4% |
| Suppliers | 440/4 | €3,535 | €1,861 | -€1,675 | -47.4% |
| Taxes, remuneration and social security | 45 | €14,865 | €19,519 | +€4,654 | +31.3% |
| Taxes | 450/3 | €7,845 | €19,519 | +€11,674 | +149% |
| Remuneration and social security | 454/9 | €7,020 | - | -€7,020 | |
| Other amounts payable | 47/48 | €5,604 | €1,666 | -€3,938 | -70.3% |
| Accrued charges and deferred income | 492/3 | €520 | - | -€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,358 | €6,305 | +€947 | +17.7% |
| Other operating charges | 640/8 | €1,048 | €1,515 | +€467 | +44.6% |
| Gross operating margin | 9900 | €665 | €48,701 | +€48,036 | +7,218% |
| Operating profit (loss) | 9901 | -€5,740 | €40,882 | +€46,622 | |
| Financial income | 75/76B | - | €299 | +€299 | |
| Recurring financial income | 75 | - | €299 | +€299 | |
| Financial charges | 65/66B | €848 | €1,395 | +€547 | +64.5% |
| Recurring financial charges | 65 | €848 | €1,395 | +€547 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,588 | €39,786 | +€46,374 | |
| Income taxes | 67/77 | €117 | €9,829 | +€9,712 | +8,300% |
| Profit (loss) for the period | 9904 | -€6,705 | €29,957 | +€36,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,705 | €29,957 | +€36,662 |
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 25 October 2026 via checked.be.