ThiZo Holding: 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.
ThiZo Holding
Largest movements
- Tangible fixed assets -€1,248
down €1,248 (-14.1%), from €8,876 to €7,628
- Receivables within one year +€231
up €231 (+2.0%), from €11,509 to €11,740
- Profit (loss) carried forward -€1,445
down €1,445 (-95.8%), from -€1,508 to -€2,952
- Trade debts +€495
up €495 (+154%), from €322 to €817
- Gross operating margin +€513
up €513, from -€370 to €142
- Other operating charges +€402
up €402 (+340%), from €118 to €520
- Depreciation -€349
down €349 (-21.9%), from €1,596 to €1,248
- Financial income +€4
up €4 (+2.0%), from €217 to €221
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 | €21,203 | €20,146 | -€1,058 | -5.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,996 | €7,748 | -€1,248 | -13.9% |
| Tangible fixed assets | 22/27 | €8,876 | €7,628 | -€1,248 | -14.1% |
| Other tangible fixed assets | 26 | €8,876 | €7,628 | -€1,248 | -14.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €12,207 | €12,397 | +€190 | +1.6% |
| Amounts receivable within one year | 40/41 | €11,509 | €11,740 | +€231 | +2.0% |
| Other amounts receivable | 41 | €11,509 | €11,740 | +€231 | +2.0% |
| Cash at bank and in hand | 54/58 | €698 | €657 | -€41 | -5.9% |
| Total equity and liabilities | 10/49 | €21,203 | €20,146 | -€1,058 | -5.0% |
| Equity | 10/15 | €3,492 | €2,048 | -€1,445 | -41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,508 | -€2,952 | -€1,445 | -95.8% |
| Amounts payable | 17/49 | €17,711 | €18,098 | +€387 | +2.2% |
| Amounts payable within one year | 42/48 | €17,711 | €18,098 | +€387 | +2.2% |
| Trade debts | 44 | €322 | €817 | +€495 | +154% |
| Suppliers | 440/4 | €322 | €817 | +€495 | +154% |
| Taxes, remuneration and social security | 45 | €19 | €19 | = | 0.0% |
| Taxes | 450/3 | €19 | €19 | = | 0.0% |
| Other amounts payable | 47/48 | €17,370 | €17,262 | -€108 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €1,248 | -€349 | -21.9% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | -€370 | €142 | +€513 | |
| Operating profit (loss) | 9901 | -€2,085 | -€1,625 | +€460 | +22.1% |
| Financial income | 75/76B | €217 | €221 | +€4 | +2.0% |
| Recurring financial income | 75 | €217 | €221 | +€4 | +2.0% |
| Financial charges | 65/66B | €44 | €41 | -€3 | -6.4% |
| Recurring financial charges | 65 | €44 | €41 | -€3 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,912 | -€1,445 | +€467 | +24.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,912 | -€1,445 | +€467 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,912 | -€1,445 | +€467 | +24.4% |
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 28 October 2026 via checked.be.