THUUPE: 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.
THUUPE
Largest movements
- Cash -€81,344
down €81,344 (-20.8%), from €391,489 to €310,146
mainly Contributions, distributions and other (-€170,340) and Current investments (-€67,185)
- Current investments +€67,185
up €67,185 (+22.4%), from €300,444 to €367,629
- Tangible fixed assets +€8,119
up €8,119 (+47.3%), from €17,153 to €25,272
of which Furniture and vehicles: +€8,156
- Reserves -€114,667
down €114,667 (-19.4%), from €591,804 to €477,136
- Other debts +€108,432
up €108,432 (+94.0%), from €115,305 to €223,737
- Financial income +€68,924
up €68,924 (+2,705%), from €2,548 to €71,472
- Taxes +€6,044
up €6,044 (+153%), from €3,950 to €9,994
- Gross operating margin -€4,504
down €4,504 (-34.2%), from €13,152 to €8,648
- Financial charges +€2,290
up €2,290 (+967%), from €237 to €2,527
- Depreciation +€1,972
up €1,972 (+23.7%), from €8,334 to €10,306
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 | €724,462 | €717,382 | -€7,080 | -1.0% |
| Fixed assets | 21/28 | €17,153 | €25,272 | +€8,119 | +47.3% |
| Tangible fixed assets | 22/27 | €17,153 | €25,272 | +€8,119 | +47.3% |
| Plant, machinery and equipment | 23 | €3,751 | €3,714 | -€37 | -1.0% |
| Furniture and vehicles | 24 | €13,402 | €21,558 | +€8,156 | +60.9% |
| Current assets | 29/58 | €707,309 | €692,110 | -€15,199 | -2.1% |
| Amounts receivable within one year | 40/41 | €14,474 | €11,744 | -€2,730 | -18.9% |
| Trade receivables | 40 | €11,693 | €11,744 | +€51 | +0.4% |
| Other amounts receivable | 41 | €2,782 | €0 | -€2,782 | -100% |
| Current investments | 50/53 | €300,444 | €367,629 | +€67,185 | +22.4% |
| Cash at bank and in hand | 54/58 | €391,489 | €310,146 | -€81,344 | -20.8% |
| Deferred charges and accrued income | 490/1 | €902 | €2,592 | +€1,690 | +187% |
| Total equity and liabilities | 10/49 | €724,462 | €717,382 | -€7,080 | -1.0% |
| Equity | 10/15 | €598,004 | €483,336 | -€114,667 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €591,804 | €477,136 | -€114,667 | -19.4% |
| Distributable reserves | 133 | €591,804 | €477,136 | -€114,667 | -19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,459 | €234,046 | +€107,587 | +85.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €126,389 | €233,605 | +€107,215 | +84.8% |
| Current portion of amounts payable after more than one year | 42 | €6,027 | €0 | -€6,027 | -100% |
| Trade debts | 44 | €2,239 | €3,468 | +€1,229 | +54.9% |
| Suppliers | 440/4 | €2,239 | €3,468 | +€1,229 | +54.9% |
| Taxes, remuneration and social security | 45 | €2,818 | €6,400 | +€3,582 | +127% |
| Taxes | 450/3 | €2,818 | €6,400 | +€3,582 | +127% |
| Other amounts payable | 47/48 | €115,305 | €223,737 | +€108,432 | +94.0% |
| Accrued charges and deferred income | 492/3 | €69 | €441 | +€372 | +536% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,334 | €10,306 | +€1,972 | +23.7% |
| Other operating charges | 640/8 | €1,610 | €1,620 | +€10 | +0.6% |
| Gross operating margin | 9900 | €13,152 | €8,648 | -€4,504 | -34.2% |
| Operating profit (loss) | 9901 | €3,208 | -€3,278 | -€6,486 | |
| Financial income | 75/76B | €2,548 | €71,472 | +€68,924 | +2,705% |
| Recurring financial income | 75 | €2,548 | €71,472 | +€68,924 | +2,705% |
| Financial charges | 65/66B | €237 | €2,527 | +€2,290 | +967% |
| Recurring financial charges | 65 | €237 | €2,527 | +€2,290 | +967% |
| Profit (loss) for the period before taxes | 9903 | €5,519 | €65,667 | +€60,148 | +1,090% |
| Income taxes | 67/77 | €3,950 | €9,994 | +€6,044 | +153% |
| Profit (loss) for the period | 9904 | €1,569 | €55,673 | +€54,104 | +3,449% |
| Profit (loss) for the period to be appropriated | 9905 | €1,569 | €55,673 | +€54,104 | +3,449% |
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 14 October 2026 via checked.be.