Thuja: 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.
Thuja
Largest movements
- Receivables within one year -€21,662
down €21,662 (-85.3%), from €25,410 to €3,748
- Receivables after one year +€15,450
new in 2025: €15,450
- Cash +€12,708
up €12,708 (+151.6%), from €8,380 to €21,088
mainly Receivables within one year (+€21,662) and Net result for the year (+€6,676)
- Formation expenses -€1,469
down €1,469 (-100.0%), from €1,469 to €0
- Reserves +€6,676
up €6,676 (+30.1%), from €22,149 to €28,825
- Tax, wage and social debts -€1,885
down €1,885 (-14.8%), from €12,782 to €10,896
of which Taxes: -€1,852
- Gross operating margin -€18,948
down €18,948 (-65.5%), from €28,927 to €9,979
- Taxes -€3,885
down €3,885 (-69.4%), from €5,598 to €1,714
- Depreciation +€735
up €735 (+100.0%), from €735 to €1,469
- Financial income +€450
new in 2025: €450
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 | €35,259 | €40,286 | +€5,026 | +14.3% |
| Formation expenses | 20 | €1,469 | €0 | -€1,469 | -100.0% |
| Current assets | 29/58 | €33,790 | €40,286 | +€6,496 | +19.2% |
| Amounts receivable after more than one year | 29 | - | €15,450 | +€15,450 | |
| Other amounts receivable | 291 | - | €15,450 | +€15,450 | |
| Amounts receivable within one year | 40/41 | €25,410 | €3,748 | -€21,662 | -85.3% |
| Trade receivables | 40 | €25,410 | €3,748 | -€21,662 | -85.3% |
| Cash at bank and in hand | 54/58 | €8,380 | €21,088 | +€12,708 | +151.6% |
| Total equity and liabilities | 10/49 | €35,259 | €40,286 | +€5,026 | +14.3% |
| Equity | 10/15 | €22,149 | €28,825 | +€6,676 | +30.1% |
| Reserves | 13 | €22,149 | €28,825 | +€6,676 | +30.1% |
| Distributable reserves | 133 | €22,149 | €28,825 | +€6,676 | +30.1% |
| Amounts payable | 17/49 | €13,111 | €11,461 | -€1,650 | -12.6% |
| Amounts payable within one year | 42/48 | €13,111 | €11,461 | -€1,650 | -12.6% |
| Trade debts | 44 | €329 | €300 | -€30 | -9.0% |
| Suppliers | 440/4 | €329 | €300 | -€30 | -9.0% |
| Taxes, remuneration and social security | 45 | €12,782 | €10,896 | -€1,885 | -14.8% |
| Taxes | 450/3 | €11,460 | €9,607 | -€1,852 | -16.2% |
| Remuneration and social security | 454/9 | €1,322 | €1,289 | -€33 | -2.5% |
| Other amounts payable | 47/48 | - | €265 | +€265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €1,469 | +€735 | +100.0% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €28,927 | €9,979 | -€18,948 | -65.5% |
| Operating profit (loss) | 9901 | €27,805 | €7,990 | -€19,815 | -71.3% |
| Financial income | 75/76B | - | €450 | +€450 | |
| Recurring financial income | 75 | - | €450 | +€450 | |
| Financial charges | 65/66B | €58 | €50 | -€8 | -13.7% |
| Recurring financial charges | 65 | €58 | €50 | -€8 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €27,747 | €8,390 | -€19,357 | -69.8% |
| Income taxes | 67/77 | €5,598 | €1,714 | -€3,885 | -69.4% |
| Profit (loss) for the period | 9904 | €22,149 | €6,676 | -€15,472 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,149 | €6,676 | -€15,472 | -69.9% |
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 6 October 2026 via checked.be.