THUJA: 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.
THUJA
Largest movements
- Tangible fixed assets -€514,163
down €514,163 (-90.8%), from €566,329 to €52,166
of which Land and buildings: -€521,712
- Receivables within one year +€192,275
up €192,275, from €0 to €192,275
of which Other amounts receivable: +€192,017
- Cash +€63,480
up €63,480 (+80.6%), from €78,740 to €142,220
mainly Investment in fixed assets (net) (+€495,748) and Net result for the year (+€104,472)
- Other debts -€351,402
down €351,402 (-100%), from €351,402 to €0
- Reserves +€104,472
up €104,472 (+6.6%), from €1.6m to €1.7m
- Current portion of long-term debt -€67,292
down €67,292 (-81.9%), from €82,174 to €14,882
- Tax, wage and social debts +€26,856
up €26,856 (+88.0%), from €30,507 to €57,363
- Gross operating margin +€75,708
up €75,708 (+59.6%), from €127,045 to €202,752
- Taxes +€36,503
up €36,503 (+110%), from €33,213 to €69,716
- Financial charges +€8,909
up €8,909 (+276%), from €3,224 to €12,132
- Depreciation -€7,809
down €7,809 (-29.8%), from €26,224 to €18,415
- Financial income +€4,089
up €4,089 (+1,369%), from €299 to €4,388
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 | €2,197,615 | €1,938,571 | -€259,044 | -11.8% |
| Fixed assets | 21/28 | €2,109,980 | €1,595,817 | -€514,163 | -24.4% |
| Tangible fixed assets | 22/27 | €566,329 | €52,166 | -€514,163 | -90.8% |
| Land and buildings | 22 | €521,712 | €0 | -€521,712 | -100% |
| Furniture and vehicles | 24 | €16,683 | €42,881 | +€26,199 | +157% |
| Other tangible fixed assets | 26 | €27,935 | €9,285 | -€18,650 | -66.8% |
| Financial fixed assets | 28 | €1,543,651 | €1,543,651 | = | 0.0% |
| Current assets | 29/58 | €87,635 | €342,754 | +€255,119 | +291% |
| Stocks and contracts in progress | 3 | €7,045 | €7,045 | = | 0.0% |
| Stocks | 30/36 | €7,045 | €7,045 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €192,275 | +€192,275 | |
| Trade receivables | 40 | - | €258 | +€258 | |
| Other amounts receivable | 41 | €0 | €192,017 | +€192,017 | |
| Cash at bank and in hand | 54/58 | €78,740 | €142,220 | +€63,480 | +80.6% |
| Deferred charges and accrued income | 490/1 | €1,850 | €1,214 | -€636 | -34.4% |
| Total equity and liabilities | 10/49 | €2,197,615 | €1,938,571 | -€259,044 | -11.8% |
| Equity | 10/15 | €1,727,925 | €1,832,397 | +€104,472 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,576,268 | €1,680,739 | +€104,472 | +6.6% |
| Distributable reserves | 133 | €1,576,268 | €1,680,739 | +€104,472 | +6.6% |
| Profit (loss) carried forward | 14 | €133,058 | €133,058 | = | 0.0% |
| Amounts payable | 17/49 | €469,690 | €106,174 | -€363,516 | -77.4% |
| Amounts payable after more than one year | 17 | €0 | €19,251 | +€19,251 | |
| Financial debts | 170/4 | €0 | €19,251 | +€19,251 | |
| Amounts payable within one year | 42/48 | €469,685 | €78,744 | -€390,941 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €82,174 | €14,882 | -€67,292 | -81.9% |
| Trade debts | 44 | €5,603 | €6,500 | +€897 | +16.0% |
| Suppliers | 440/4 | €5,603 | €6,500 | +€897 | +16.0% |
| Taxes, remuneration and social security | 45 | €30,507 | €57,363 | +€26,856 | +88.0% |
| Taxes | 450/3 | €30,507 | €57,363 | +€26,856 | +88.0% |
| Other amounts payable | 47/48 | €351,402 | €0 | -€351,402 | -100% |
| Accrued charges and deferred income | 492/3 | €4 | €8,179 | +€8,174 | +185,782% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,224 | €18,415 | -€7,809 | -29.8% |
| Other operating charges | 640/8 | €1,938 | €2,405 | +€467 | +24.1% |
| Gross operating margin | 9900 | €127,045 | €202,752 | +€75,708 | +59.6% |
| Operating profit (loss) | 9901 | €98,883 | €181,933 | +€83,049 | +84.0% |
| Financial income | 75/76B | €299 | €4,388 | +€4,089 | +1,369% |
| Recurring financial income | 75 | €299 | €4,388 | +€4,089 | +1,369% |
| Financial charges | 65/66B | €3,224 | €12,132 | +€8,909 | +276% |
| Recurring financial charges | 65 | €3,224 | €12,132 | +€8,909 | +276% |
| Profit (loss) for the period before taxes | 9903 | €95,958 | €174,188 | +€78,230 | +81.5% |
| Income taxes | 67/77 | €33,213 | €69,716 | +€36,503 | +110% |
| Profit (loss) for the period | 9904 | €62,745 | €104,472 | +€41,727 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,745 | €104,472 | +€41,727 | +66.5% |
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 27 October 2026 via checked.be.