THRICON: 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.
THRICON
Largest movements
- Cash -€480,246
down €480,246 (-79.5%), from €604,178 to €123,931
mainly Trade debts (-€212,869) and Other debts (-€196,445)
- Tangible fixed assets -€87,184
down €87,184 (-11.6%), from €749,514 to €662,330
of which Land and buildings: -€50,000
- Receivables within one year +€41,966
up €41,966 (+28.1%), from €149,276 to €191,241
of which Other amounts receivable: +€22,406
- Trade debts -€212,869
down €212,869 (-98.6%), from €215,912 to €3,043
- Other debts -€196,445
down €196,445 (-31.8%), from €618,415 to €421,970
- Debts after one year -€52,135
down €52,135 (-9.9%), from €524,677 to €472,541
- Current portion of long-term debt -€43,539
down €43,539 (-30.8%), from €141,587 to €98,049
- Tax, wage and social debts -€32,938
down €32,938 (-41.0%), from €80,297 to €47,359
of which Taxes: -€31,109
- Gross operating margin -€81,311
down €81,311 (-14.1%), from €576,441 to €495,130
- Taxes -€21,840
down €21,840 (-49.0%), from €44,538 to €22,698
- Financial charges -€12,408
down €12,408 (-26.3%), from €47,197 to €34,788
- Staff costs -€11,018
down €11,018 (-4.6%), from €242,084 to €231,066
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 | €1,945,042 | €1,399,538 | -€545,504 | -28.0% |
| Fixed assets | 21/28 | €749,514 | €662,330 | -€87,184 | -11.6% |
| Tangible fixed assets | 22/27 | €749,514 | €662,330 | -€87,184 | -11.6% |
| Land and buildings | 22 | €515,342 | €465,342 | -€50,000 | -9.7% |
| Plant, machinery and equipment | 23 | €93,097 | €68,448 | -€24,649 | -26.5% |
| Furniture and vehicles | 24 | €132,590 | €126,141 | -€6,449 | -4.9% |
| Other tangible fixed assets | 26 | €8,484 | €2,398 | -€6,086 | -71.7% |
| Current assets | 29/58 | €1,195,528 | €737,208 | -€458,321 | -38.3% |
| Stocks and contracts in progress | 3 | €409,785 | €409,039 | -€746 | -0.2% |
| Stocks | 30/36 | €409,785 | €409,039 | -€746 | -0.2% |
| Amounts receivable within one year | 40/41 | €149,276 | €191,241 | +€41,966 | +28.1% |
| Trade receivables | 40 | €122,124 | €141,684 | +€19,560 | +16.0% |
| Other amounts receivable | 41 | €27,152 | €49,558 | +€22,406 | +82.5% |
| Cash at bank and in hand | 54/58 | €604,178 | €123,931 | -€480,246 | -79.5% |
| Deferred charges and accrued income | 490/1 | €32,290 | €12,996 | -€19,294 | -59.8% |
| Total equity and liabilities | 10/49 | €1,945,042 | €1,399,538 | -€545,504 | -28.0% |
| Equity | 10/15 | €364,052 | €356,576 | -€7,476 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €345,452 | €337,976 | -€7,476 | -2.2% |
| Tax-exempt reserves | 132 | €54,132 | €54,132 | = | 0.0% |
| Distributable reserves | 133 | €291,320 | €283,844 | -€7,476 | -2.6% |
| Amounts payable | 17/49 | €1,580,990 | €1,042,962 | -€538,028 | -34.0% |
| Amounts payable after more than one year | 17 | €524,677 | €472,541 | -€52,135 | -9.9% |
| Financial debts | 170/4 | €524,677 | €472,541 | -€52,135 | -9.9% |
| Amounts payable within one year | 42/48 | €1,056,313 | €570,420 | -€485,893 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €141,587 | €98,049 | -€43,539 | -30.8% |
| Financial debts | 43 | €101 | - | -€101 | |
| Credit institutions | 430/8 | €101 | - | -€101 | |
| Trade debts | 44 | €215,912 | €3,043 | -€212,869 | -98.6% |
| Suppliers | 440/4 | €215,912 | €3,043 | -€212,869 | -98.6% |
| Taxes, remuneration and social security | 45 | €80,297 | €47,359 | -€32,938 | -41.0% |
| Taxes | 450/3 | €50,439 | €19,330 | -€31,109 | -61.7% |
| Remuneration and social security | 454/9 | €29,858 | €28,028 | -€1,830 | -6.1% |
| Other amounts payable | 47/48 | €618,415 | €421,970 | -€196,445 | -31.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €22,199 | +€22,199 | |
| Remuneration, social security and pensions | 62 | €242,084 | €231,066 | -€11,018 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,554 | €143,537 | -€1,016 | -0.7% |
| Other operating charges | 640/8 | €11,971 | €12,296 | +€325 | +2.7% |
| Non-recurring operating charges | 66A | - | €595 | +€595 | |
| Gross operating margin | 9900 | €576,441 | €495,130 | -€81,311 | -14.1% |
| Operating profit (loss) | 9901 | €177,833 | €107,636 | -€70,197 | -39.5% |
| Financial income | 75/76B | €25,062 | €22,026 | -€3,037 | -12.1% |
| Recurring financial income | 75 | €25,062 | €22,026 | -€3,037 | -12.1% |
| Financial charges | 65/66B | €47,197 | €34,788 | -€12,408 | -26.3% |
| Recurring financial charges | 65 | €47,197 | €34,788 | -€12,408 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €155,699 | €94,873 | -€60,826 | -39.1% |
| Income taxes | 67/77 | €44,538 | €22,698 | -€21,840 | -49.0% |
| Profit (loss) for the period | 9904 | €111,161 | €72,175 | -€38,985 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,161 | €72,175 | -€38,985 | -35.1% |
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 17 October 2026 via checked.be.