THL TOUCH & LIGHT: 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.
THL TOUCH & LIGHT
Largest movements
- Cash +€17,843
up €17,843 (+30.8%), from €57,983 to €75,826
mainly Trade debts (+€27,389) and Depreciation (+€15,356)
- Receivables within one year +€15,866
up €15,866 (+17.2%), from €92,242 to €108,108
of which Trade receivables: +€10,709
- Intangible fixed assets -€8,842
down €8,842 (-25.0%), from €35,344 to €26,502
- Tangible fixed assets -€6,514
down €6,514 (-48.2%), from €13,515 to €7,001
of which Furniture and vehicles: -€6,147
- Trade debts +€27,389
up €27,389 (+216.3%), from €12,665 to €40,054
- Debts after one year -€13,815
down €13,815 (-29.5%), from €46,815 to €32,999
- Other debts +€5,823
up €5,823 (+16.6%), from €35,019 to €40,842
- Profit (loss) carried forward +€5,810
up €5,810 (+6.1%), from €95,909 to €101,718
- Tax, wage and social debts -€4,941
down €4,941 (-28.7%), from €17,216 to €12,276
of which Remuneration and social security: -€6,415
- Gross operating margin -€38,063
down €38,063 (-57.7%), from €65,951 to €27,888
- Staff costs -€18,722
down €18,722 (-92.9%), from €20,146 to €1,424
- Depreciation +€5,877
up €5,877 (+62.0%), from €9,479 to €15,356
- Taxes -€5,712
down €5,712 (-74.7%), from €7,645 to €1,934
- Financial charges -€2,788
down €2,788 (-72.2%), from €3,863 to €1,075
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.
Cash bridge derived
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 | €228,905 | €245,466 | +€16,561 | +7.2% |
| Fixed assets | 21/28 | €49,053 | €33,504 | -€15,550 | -31.7% |
| Intangible fixed assets | 21 | €35,344 | €26,502 | -€8,842 | -25.0% |
| Tangible fixed assets | 22/27 | €13,515 | €7,001 | -€6,514 | -48.2% |
| Plant, machinery and equipment | 23 | €1,389 | €1,023 | -€366 | -26.4% |
| Furniture and vehicles | 24 | €12,125 | €5,978 | -€6,147 | -50.7% |
| Financial fixed assets | 28 | €194 | - | -€194 | |
| Current assets | 29/58 | €179,852 | €211,963 | +€32,110 | +17.9% |
| Stocks and contracts in progress | 3 | €24,246 | €22,251 | -€1,995 | -8.2% |
| Stocks | 30/36 | €24,246 | €22,251 | -€1,995 | -8.2% |
| Amounts receivable within one year | 40/41 | €92,242 | €108,108 | +€15,866 | +17.2% |
| Trade receivables | 40 | €84,832 | €95,541 | +€10,709 | +12.6% |
| Other amounts receivable | 41 | €7,410 | €12,568 | +€5,157 | +69.6% |
| Cash at bank and in hand | 54/58 | €57,983 | €75,826 | +€17,843 | +30.8% |
| Deferred charges and accrued income | 490/1 | €5,382 | €5,778 | +€397 | +7.4% |
| Total equity and liabilities | 10/49 | €228,905 | €245,466 | +€16,561 | +7.2% |
| Equity | 10/15 | €103,969 | €109,778 | +€5,810 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,909 | €101,718 | +€5,810 | +6.1% |
| Amounts payable | 17/49 | €124,937 | €135,688 | +€10,751 | +8.6% |
| Amounts payable after more than one year | 17 | €46,815 | €32,999 | -€13,815 | -29.5% |
| Financial debts | 170/4 | €46,815 | €32,999 | -€13,815 | -29.5% |
| Amounts payable within one year | 42/48 | €78,122 | €102,689 | +€24,567 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €12,181 | €9,516 | -€2,664 | -21.9% |
| Trade debts | 44 | €12,665 | €40,054 | +€27,389 | +216.3% |
| Suppliers | 440/4 | €12,665 | €40,054 | +€27,389 | +216.3% |
| Advances received on contracts in progress | 46 | €1,041 | - | -€1,041 | |
| Taxes, remuneration and social security | 45 | €17,216 | €12,276 | -€4,941 | -28.7% |
| Taxes | 450/3 | €8,120 | €9,594 | +€1,474 | +18.1% |
| Remuneration and social security | 454/9 | €9,096 | €2,682 | -€6,415 | -70.5% |
| Other amounts payable | 47/48 | €35,019 | €40,842 | +€5,823 | +16.6% |
| Remuneration, social security and pensions | 62 | €20,146 | €1,424 | -€18,722 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,479 | €15,356 | +€5,877 | +62.0% |
| Other operating charges | 640/8 | €2,521 | €2,291 | -€229 | -9.1% |
| Gross operating margin | 9900 | €65,951 | €27,888 | -€38,063 | -57.7% |
| Operating profit (loss) | 9901 | €33,806 | €8,818 | -€24,988 | -73.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,863 | €1,075 | -€2,788 | -72.2% |
| Recurring financial charges | 65 | €3,863 | €1,075 | -€2,788 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €29,943 | €7,743 | -€22,200 | -74.1% |
| Income taxes | 67/77 | €7,645 | €1,934 | -€5,712 | -74.7% |
| Profit (loss) for the period | 9904 | €22,297 | €5,810 | -€16,488 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,297 | €5,810 | -€16,488 | -73.9% |
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 11 October 2026 via checked.be.