THRS-SOLUTIONS: what changed
Two fiscal 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.
THRS-SOLUTIONS
Largest movements
- Cash -€66,914
down €66,914 (-84.8%), from €78,930 to €12,015
mainly Current investments (-€50,000) and Investment in fixed assets (net) (-€23,481)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets +€21,966
new in 2025: €21,966
- Deferred charges and accrued income -€3,845
down €3,845 (-46.1%), from €8,347 to €4,502
- Reserves +€4,780
up €4,780 (+5.8%), from €82,200 to €86,980
- Tax, wage and social debts -€2,134
down €2,134 (-100.0%), from €2,134 to €0
- Gross operating margin -€29,007
down €29,007 (-67.4%), from €43,036 to €14,030
- Taxes -€7,826
down €7,826 (-52.0%), from €15,054 to €7,227
- Depreciation +€1,515
new in 2025: €1,515
- Other operating charges -€1,495
down €1,495 (-46.3%), from €3,228 to €1,733
- Financial income +€1,201
up €1,201 (+683.2%), from €176 to €1,377
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 | €95,826 | €97,965 | +€2,139 | +2.2% |
| Fixed assets | 21/28 | €1,800 | €23,766 | +€21,966 | +1220.4% |
| Tangible fixed assets | 22/27 | - | €21,966 | +€21,966 | |
| Furniture and vehicles | 24 | - | €21,966 | +€21,966 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €94,026 | €74,199 | -€19,827 | -21.1% |
| Amounts receivable within one year | 40/41 | €6,750 | €7,682 | +€932 | +13.8% |
| Trade receivables | 40 | €6,123 | €0 | -€6,123 | -100.0% |
| Other amounts receivable | 41 | €627 | €7,682 | +€7,055 | +1125.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €78,930 | €12,015 | -€66,914 | -84.8% |
| Deferred charges and accrued income | 490/1 | €8,347 | €4,502 | -€3,845 | -46.1% |
| Total equity and liabilities | 10/49 | €95,826 | €97,965 | +€2,139 | +2.2% |
| Equity | 10/15 | €93,018 | €97,806 | +€4,788 | +5.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €82,200 | €86,980 | +€4,780 | +5.8% |
| Distributable reserves | 133 | €82,200 | €86,980 | +€4,780 | +5.8% |
| Profit (loss) carried forward | 14 | €818 | €826 | +€8 | +1.0% |
| Amounts payable | 17/49 | €2,808 | €159 | -€2,649 | -94.3% |
| Amounts payable within one year | 42/48 | €2,808 | €159 | -€2,649 | -94.3% |
| Financial debts | 43 | €5 | €0 | -€5 | -100.0% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100.0% |
| Trade debts | 44 | €668 | €159 | -€509 | -76.2% |
| Suppliers | 440/4 | €668 | €159 | -€509 | -76.2% |
| Taxes, remuneration and social security | 45 | €2,134 | €0 | -€2,134 | -100.0% |
| Taxes | 450/3 | €2,134 | €0 | -€2,134 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €85,000 | +€85,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,515 | +€1,515 | |
| Other operating charges | 640/8 | €3,228 | €1,733 | -€1,495 | -46.3% |
| Gross operating margin | 9900 | €43,036 | €14,030 | -€29,007 | -67.4% |
| Operating profit (loss) | 9901 | €39,809 | €10,782 | -€29,026 | -72.9% |
| Financial income | 75/76B | €176 | €1,377 | +€1,201 | +683.2% |
| Recurring financial income | 75 | €176 | €1,377 | +€1,201 | +683.2% |
| Financial charges | 65/66B | €134 | €144 | +€10 | +7.7% |
| Recurring financial charges | 65 | €134 | €144 | +€10 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €39,851 | €12,015 | -€27,836 | -69.8% |
| Income taxes | 67/77 | €15,054 | €7,227 | -€7,826 | -52.0% |
| Profit (loss) for the period | 9904 | €24,797 | €4,788 | -€20,009 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,797 | €4,788 | -€20,009 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.