THUBELUX: 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.
THUBELUX
Largest movements
- Receivables after one year +€19,307
up €19,307 (+5.3%), from €365,996 to €385,303
- Receivables within one year +€18,563
up €18,563 (+35.4%), from €52,368 to €70,931
- Tangible fixed assets -€12,750
down €12,750 (-3.5%), from €359,750 to €347,000
- Other debts +€19,451
up €19,451 (+81.6%), from €23,847 to €43,298
- Debts after one year -€17,821
down €17,821 (-26.2%), from €67,985 to €50,163
- Profit (loss) carried forward +€12,368
up €12,368 (+3.7%), from €336,544 to €348,912
- Taxes +€8,540
up €8,540 (+251.8%), from €3,391 to €11,932
- Financial income +€7,354
up €7,354 (+58.9%), from €12,485 to €19,839
- Other operating charges -€3,651
down €3,651 (-92.5%), from €3,948 to €298
- Financial charges -€708
down €708 (-17.4%), from €4,079 to €3,371
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,460 | €803,897 | +€23,438 | +3.0% |
| Fixed assets | 21/28 | €359,750 | €347,000 | -€12,750 | -3.5% |
| Tangible fixed assets | 22/27 | €359,750 | €347,000 | -€12,750 | -3.5% |
| Land and buildings | 22 | €359,750 | €347,000 | -€12,750 | -3.5% |
| Current assets | 29/58 | €420,710 | €456,897 | +€36,188 | +8.6% |
| Amounts receivable after more than one year | 29 | €365,996 | €385,303 | +€19,307 | +5.3% |
| Other amounts receivable | 291 | €365,996 | €385,303 | +€19,307 | +5.3% |
| Amounts receivable within one year | 40/41 | €52,368 | €70,931 | +€18,563 | +35.4% |
| Other amounts receivable | 41 | €52,368 | €70,931 | +€18,563 | +35.4% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,346 | €663 | -€1,683 | -71.7% |
| Total equity and liabilities | 10/49 | €780,460 | €803,897 | +€23,438 | +3.0% |
| Equity | 10/15 | €575,094 | €587,462 | +€12,368 | +2.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €176,577 | €176,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €379 | €379 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,544 | €348,912 | +€12,368 | +3.7% |
| Amounts payable | 17/49 | €205,366 | €216,436 | +€11,070 | +5.4% |
| Amounts payable after more than one year | 17 | €67,985 | €50,163 | -€17,821 | -26.2% |
| Financial debts | 170/4 | €67,985 | €50,163 | -€17,821 | -26.2% |
| Amounts payable within one year | 42/48 | €137,381 | €166,272 | +€28,891 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €16,127 | €19,439 | +€3,311 | +20.5% |
| Trade debts | 44 | €1,217 | €1,025 | -€193 | -15.8% |
| Suppliers | 440/4 | €1,217 | €1,025 | -€193 | -15.8% |
| Taxes, remuneration and social security | 45 | €96,189 | €102,511 | +€6,322 | +6.6% |
| Taxes | 450/3 | €96,189 | €102,511 | +€6,322 | +6.6% |
| Other amounts payable | 47/48 | €23,847 | €43,298 | +€19,451 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,750 | €12,750 | = | 0.0% |
| Other operating charges | 640/8 | €3,948 | €298 | -€3,651 | -92.5% |
| Gross operating margin | 9900 | €21,000 | €20,879 | -€121 | -0.6% |
| Operating profit (loss) | 9901 | €4,302 | €7,831 | +€3,530 | +82.1% |
| Financial income | 75/76B | €12,485 | €19,839 | +€7,354 | +58.9% |
| Recurring financial income | 75 | €12,485 | €19,839 | +€7,354 | +58.9% |
| Financial charges | 65/66B | €4,079 | €3,371 | -€708 | -17.4% |
| Recurring financial charges | 65 | €4,079 | €3,371 | -€708 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €12,708 | €24,299 | +€11,592 | +91.2% |
| Income taxes | 67/77 | €3,391 | €11,932 | +€8,540 | +251.8% |
| Profit (loss) for the period | 9904 | €9,316 | €12,368 | +€3,051 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,316 | €12,368 | +€3,051 | +32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.