THIVITELA: 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.
THIVITELA
Largest movements
- Tangible fixed assets -€10,160
down €10,160 (-5.6%), from €181,377 to €171,217
of which Land and buildings: -€7,089
- Debts after one year +€44,141
up €44,141 (+35.0%), from €126,064 to €170,205
of which Other amounts payable: +€59,200
- Other debts -€38,000
no longer reported in 2025 (was €38,000)
- Profit (loss) carried forward -€18,055
down €18,055 (-45.3%), from -€39,896 to -€57,951
- Gross operating margin -€8,909
down €8,909, from €6,915 to -€1,994
- Other operating charges +€680
up €680 (+35.8%), from €1,899 to €2,579
- Financial charges -€550
down €550 (-14.2%), from €3,873 to €3,323
- Depreciation -€102
down €102 (-1.0%), from €10,262 to €10,160
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 | €184,861 | €172,796 | -€12,065 | -6.5% |
| Fixed assets | 21/28 | €181,377 | €171,217 | -€10,160 | -5.6% |
| Tangible fixed assets | 22/27 | €181,377 | €171,217 | -€10,160 | -5.6% |
| Land and buildings | 22 | €170,554 | €163,465 | -€7,089 | -4.2% |
| Plant, machinery and equipment | 23 | €5,394 | €4,474 | -€921 | -17.1% |
| Furniture and vehicles | 24 | €3,209 | €1,919 | -€1,290 | -40.2% |
| Leasing and similar rights | 25 | €2,221 | €1,360 | -€860 | -38.7% |
| Current assets | 29/58 | €3,484 | €1,579 | -€1,905 | -54.7% |
| Amounts receivable within one year | 40/41 | €998 | €103 | -€895 | -89.7% |
| Other amounts receivable | 41 | €998 | €103 | -€895 | -89.7% |
| Cash at bank and in hand | 54/58 | €2,486 | €988 | -€1,498 | -60.3% |
| Deferred charges and accrued income | 490/1 | - | €488 | +€488 | |
| Total equity and liabilities | 10/49 | €184,861 | €172,796 | -€12,065 | -6.5% |
| Equity | 10/15 | €4,104 | -€13,951 | -€18,055 | |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,896 | -€57,951 | -€18,055 | -45.3% |
| Amounts payable | 17/49 | €180,757 | €186,747 | +€5,990 | +3.3% |
| Amounts payable after more than one year | 17 | €126,064 | €170,205 | +€44,141 | +35.0% |
| Financial debts | 170/4 | €126,064 | €111,005 | -€15,059 | -11.9% |
| Other amounts payable | 178/9 | - | €59,200 | +€59,200 | |
| Amounts payable within one year | 42/48 | €54,693 | €16,542 | -€38,151 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €16,538 | €15,695 | -€843 | -5.1% |
| Trade debts | 44 | €155 | €847 | +€692 | +446% |
| Suppliers | 440/4 | €155 | €847 | +€692 | +446% |
| Other amounts payable | 47/48 | €38,000 | - | -€38,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,262 | €10,160 | -€102 | -1.0% |
| Other operating charges | 640/8 | €1,899 | €2,579 | +€680 | +35.8% |
| Gross operating margin | 9900 | €6,915 | -€1,994 | -€8,909 | |
| Operating profit (loss) | 9901 | -€5,246 | -€14,732 | -€9,487 | -181% |
| Financial charges | 65/66B | €3,873 | €3,323 | -€550 | -14.2% |
| Recurring financial charges | 65 | €3,873 | €3,323 | -€550 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,119 | -€18,055 | -€8,936 | -98.0% |
| Profit (loss) for the period | 9904 | -€9,119 | -€18,055 | -€8,936 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,119 | -€18,055 | -€8,936 | -98.0% |
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.