THRESS: 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.
THRESS
Largest movements
- Cash +€29,083
up €29,083 (+13.9%), from €209,303 to €238,386
mainly Net result for the year (+€86,508) and Depreciation (+€6,102)
- Tangible fixed assets -€6,102
down €6,102 (-35.7%), from €17,116 to €11,014
of which Furniture and vehicles: -€5,145
- Profit (loss) carried forward +€86,508
up €86,508 (+49.7%), from €174,210 to €260,717
- Tax, wage and social debts -€43,616
down €43,616 (-84.8%), from €51,410 to €7,795
- Other debts -€16,903
down €16,903 (-99.8%), from €16,931 to €27
- Taxes -€5,831
down €5,831 (-24.6%), from €23,709 to €17,878
- Gross operating margin -€3,626
down €3,626 (-3.1%), from €115,629 to €112,003
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 | €244,051 | €270,070 | +€26,019 | +10.7% |
| Fixed assets | 21/28 | €17,116 | €11,014 | -€6,102 | -35.7% |
| Tangible fixed assets | 22/27 | €17,116 | €11,014 | -€6,102 | -35.7% |
| Plant, machinery and equipment | 23 | €447 | - | -€447 | |
| Furniture and vehicles | 24 | €15,103 | €9,958 | -€5,145 | -34.1% |
| Other tangible fixed assets | 26 | €1,566 | €1,056 | -€510 | -32.6% |
| Current assets | 29/58 | €226,935 | €259,056 | +€32,121 | +14.2% |
| Amounts receivable within one year | 40/41 | €17,219 | €18,604 | +€1,385 | +8.0% |
| Trade receivables | 40 | €17,219 | €15,877 | -€1,342 | -7.8% |
| Other amounts receivable | 41 | - | €2,727 | +€2,727 | |
| Cash at bank and in hand | 54/58 | €209,303 | €238,386 | +€29,083 | +13.9% |
| Deferred charges and accrued income | 490/1 | €413 | €2,065 | +€1,652 | +400% |
| Total equity and liabilities | 10/49 | €244,051 | €270,070 | +€26,019 | +10.7% |
| Equity | 10/15 | €175,710 | €262,217 | +€86,508 | +49.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,210 | €260,717 | +€86,508 | +49.7% |
| Amounts payable | 17/49 | €68,341 | €7,852 | -€60,489 | -88.5% |
| Amounts payable within one year | 42/48 | €68,341 | €7,852 | -€60,489 | -88.5% |
| Trade debts | 44 | €0 | €30 | +€30 | |
| Suppliers | 440/4 | €0 | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €51,410 | €7,795 | -€43,616 | -84.8% |
| Taxes | 450/3 | €51,410 | €7,795 | -€43,616 | -84.8% |
| Other amounts payable | 47/48 | €16,931 | €27 | -€16,903 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,840 | €6,102 | +€262 | +4.5% |
| Other operating charges | 640/8 | €680 | €950 | +€269 | +39.6% |
| Gross operating margin | 9900 | €115,629 | €112,003 | -€3,626 | -3.1% |
| Operating profit (loss) | 9901 | €109,109 | €104,952 | -€4,157 | -3.8% |
| Financial income | 75/76B | €12 | €1 | -€11 | -94.1% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -94.1% |
| Financial charges | 65/66B | €920 | €567 | -€354 | -38.4% |
| Recurring financial charges | 65 | €920 | €567 | -€354 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €108,200 | €104,385 | -€3,815 | -3.5% |
| Income taxes | 67/77 | €23,709 | €17,878 | -€5,831 | -24.6% |
| Profit (loss) for the period | 9904 | €84,491 | €86,508 | +€2,017 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,491 | €86,508 | +€2,017 | +2.4% |
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 18 October 2026 via checked.be.