THIVER: 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.
THIVER
Largest movements
- Receivables within one year +€10,000
up €10,000 (+18.4%), from €54,492 to €64,492
- Current portion of long-term debt +€127,254
new in 2025: €127,254
- Other debts -€122,254
no longer reported in 2025 (was €122,254)
- Depreciation -€2,603
down €2,603 (-39.1%), from €6,651 to €4,048
- Gross operating margin +€1,157
up €1,157 (+11.5%), from €10,061 to €11,218
- Taxes -€447
down €447 (-36.1%), from €1,240 to €793
- Other operating charges -€220
down €220 (-50.0%), from €440 to €220
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 | €560,070 | €566,227 | +€6,157 | +1.1% |
| Fixed assets | 21/28 | €505,523 | €501,475 | -€4,048 | -0.8% |
| Tangible fixed assets | 22/27 | €27,523 | €23,475 | -€4,048 | -14.7% |
| Land and buildings | 22 | €27,523 | €23,475 | -€4,048 | -14.7% |
| Financial fixed assets | 28 | €478,000 | €478,000 | = | 0.0% |
| Current assets | 29/58 | €54,547 | €64,752 | +€10,205 | +18.7% |
| Amounts receivable within one year | 40/41 | €54,492 | €64,492 | +€10,000 | +18.4% |
| Other amounts receivable | 41 | €54,492 | €64,492 | +€10,000 | +18.4% |
| Cash at bank and in hand | 54/58 | €55 | €261 | +€205 | +370% |
| Total equity and liabilities | 10/49 | €560,070 | €566,227 | +€6,157 | +1.1% |
| Equity | 10/15 | €437,816 | €438,973 | +€1,157 | +0.3% |
| Contributions | 10/11 | €426,400 | €426,400 | = | 0.0% |
| Capital | 10 | €426,400 | €426,400 | = | 0.0% |
| Issued capital | 100 | €426,400 | €426,400 | = | 0.0% |
| Reserves | 13 | €1,800 | €2,300 | +€500 | +27.8% |
| Non-distributable reserves | 130/1 | €1,800 | €2,300 | +€500 | +27.8% |
| Legal reserve | 130 | €1,800 | €2,300 | +€500 | +27.8% |
| Profit (loss) carried forward | 14 | €9,616 | €10,273 | +€657 | +6.8% |
| Amounts payable | 17/49 | €122,254 | €127,254 | +€5,000 | +4.1% |
| Amounts payable within one year | 42/48 | €122,254 | €127,254 | +€5,000 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | - | €127,254 | +€127,254 | |
| Other amounts payable | 47/48 | €122,254 | - | -€122,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,651 | €4,048 | -€2,603 | -39.1% |
| Other operating charges | 640/8 | €440 | €220 | -€220 | -50.0% |
| Gross operating margin | 9900 | €10,061 | €11,218 | +€1,157 | +11.5% |
| Operating profit (loss) | 9901 | €2,970 | €6,950 | +€3,980 | +134% |
| Profit (loss) for the period before taxes | 9903 | €2,970 | €6,950 | +€3,980 | +134% |
| Income taxes | 67/77 | €1,240 | €793 | -€447 | -36.1% |
| Profit (loss) for the period | 9904 | €1,730 | €6,157 | +€4,427 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €1,730 | €6,157 | +€4,427 | +256% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.