THURISTAR: 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.
THURISTAR
Largest movements
- Receivables within one year -€194,800
down €194,800 (-33.9%), from €574,571 to €379,770
of which Other amounts receivable: -€250,015
- Receivables after one year -€40,000
no longer reported in 2024 (was €40,000)
- Debts after one year -€527,400
down €527,400 (-72.4%), from €728,925 to €201,525
- Other debts +€404,881
new in 2024: €404,881
- Accrued charges and deferred income -€86,900
down €86,900 (-28.0%), from €310,034 to €223,133
- Tax, wage and social debts -€37,397
down €37,397 (-92.0%), from €40,644 to €3,248
- Reserves -€32,276
down €32,276 (-3.8%), from €846,521 to €814,245
of which Distributable reserves: -€30,980
- Depreciation +€63,253
up €63,253 (+9.3%), from €679,468 to €742,721
- Taxes -€36,079
down €36,079 (-89.5%), from €40,316 to €4,237
- Gross operating margin -€33,201
down €33,201 (-4.1%), from €815,939 to €782,738
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 | €1,940,036 | €1,679,417 | -€260,619 | -13.4% |
| Fixed assets | 21/28 | €638,961 | €617,379 | -€21,582 | -3.4% |
| Intangible fixed assets | 21 | €612,859 | €603,121 | -€9,738 | -1.6% |
| Tangible fixed assets | 22/27 | €26,102 | €14,257 | -€11,845 | -45.4% |
| Furniture and vehicles | 24 | €26,102 | €14,257 | -€11,845 | -45.4% |
| Current assets | 29/58 | €1,301,076 | €1,062,039 | -€239,037 | -18.4% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €574,571 | €379,770 | -€194,800 | -33.9% |
| Trade receivables | 40 | €4,577 | €59,792 | +€55,215 | +1206.3% |
| Other amounts receivable | 41 | €569,994 | €319,979 | -€250,015 | -43.9% |
| Cash at bank and in hand | 54/58 | €683,767 | €680,075 | -€3,692 | -0.5% |
| Deferred charges and accrued income | 490/1 | €2,738 | €2,194 | -€544 | -19.9% |
| Total equity and liabilities | 10/49 | €1,940,036 | €1,679,417 | -€260,619 | -13.4% |
| Equity | 10/15 | €852,721 | €820,445 | -€32,276 | -3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €846,521 | €814,245 | -€32,276 | -3.8% |
| Tax-exempt reserves | 132 | €2,849 | €1,553 | -€1,295 | -45.5% |
| Distributable reserves | 133 | €843,672 | €812,692 | -€30,980 | -3.7% |
| Provisions and deferred taxes | 16 | €946 | €515 | -€432 | -45.6% |
| Deferred taxes | 168 | €946 | €515 | -€432 | -45.6% |
| Amounts payable | 17/49 | €1,086,369 | €858,457 | -€227,912 | -21.0% |
| Amounts payable after more than one year | 17 | €728,925 | €201,525 | -€527,400 | -72.4% |
| Financial debts | 170/4 | €728,925 | €201,525 | -€527,400 | -72.4% |
| Amounts payable within one year | 42/48 | €47,411 | €433,799 | +€386,388 | +815.0% |
| Trade debts | 44 | €6,766 | €25,670 | +€18,904 | +279.4% |
| Suppliers | 440/4 | €6,766 | €25,670 | +€18,904 | +279.4% |
| Taxes, remuneration and social security | 45 | €40,644 | €3,248 | -€37,397 | -92.0% |
| Taxes | 450/3 | €40,644 | €3,248 | -€37,397 | -92.0% |
| Other amounts payable | 47/48 | - | €404,881 | +€404,881 | |
| Accrued charges and deferred income | 492/3 | €310,034 | €223,133 | -€86,900 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679,468 | €742,721 | +€63,253 | +9.3% |
| Other operating charges | 640/8 | €1,322 | €1,208 | -€115 | -8.7% |
| Gross operating margin | 9900 | €815,939 | €782,738 | -€33,201 | -4.1% |
| Operating profit (loss) | 9901 | €135,149 | €38,810 | -€96,339 | -71.3% |
| Financial income | 75/76B | €3,219 | €4,803 | +€1,584 | +49.2% |
| Recurring financial income | 75 | €3,219 | €4,803 | +€1,584 | +49.2% |
| Financial charges | 65/66B | €1,464 | €452 | -€1,011 | -69.1% |
| Recurring financial charges | 65 | €1,464 | €452 | -€1,011 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €136,904 | €43,161 | -€93,744 | -68.5% |
| Transfer from deferred taxes | 780 | €432 | €432 | = | 0.0% |
| Income taxes | 67/77 | €40,316 | €4,237 | -€36,079 | -89.5% |
| Profit (loss) for the period | 9904 | €97,020 | €39,356 | -€57,664 | -59.4% |
| Transfer from tax-exempt reserves | 789 | €1,295 | €1,295 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,315 | €40,651 | -€57,664 | -58.7% |
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 29 September 2026 via checked.be.