THUUR: 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.
THUUR
Largest movements
- Tangible fixed assets +€317,934
up €317,934 (+50.5%), from €629,687 to €947,621
of which Land and buildings: +€317,747
- Receivables within one year -€26,638
down €26,638 (-59.0%), from €45,173 to €18,535
of which Other amounts receivable: -€24,556
- Debts after one year +€189,197
up €189,197 (+56.5%), from €334,814 to €524,011
- Other debts +€113,324
up €113,324 (+160%), from €70,893 to €184,216
- Short-term financial debts -€18,000
down €18,000 (-100%), from €18,000 to €0
- Current portion of long-term debt +€15,488
up €15,488 (+38.7%), from €39,986 to €55,475
- Gross operating margin +€23,963
up €23,963 (+19.3%), from €124,051 to €148,014
- Depreciation +€16,093
up €16,093 (+33.5%), from €47,981 to €64,074
- Other operating charges +€13,708
up €13,708 (+108%), from €12,673 to €26,381
- Financial charges +€13,357
up €13,357 (+139%), from €9,615 to €22,972
- Taxes -€6,244
down €6,244 (-37.0%), from €16,890 to €10,647
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 | €706,128 | €1,008,938 | +€302,810 | +42.9% |
| Fixed assets | 21/28 | €629,687 | €947,621 | +€317,934 | +50.5% |
| Tangible fixed assets | 22/27 | €629,687 | €947,621 | +€317,934 | +50.5% |
| Land and buildings | 22 | €618,416 | €936,163 | +€317,747 | +51.4% |
| Furniture and vehicles | 24 | €1,871 | €874 | -€997 | -53.3% |
| Other tangible fixed assets | 26 | €9,400 | €10,584 | +€1,184 | +12.6% |
| Current assets | 29/58 | €76,441 | €61,318 | -€15,123 | -19.8% |
| Amounts receivable within one year | 40/41 | €45,173 | €18,535 | -€26,638 | -59.0% |
| Trade receivables | 40 | €13,263 | €11,181 | -€2,082 | -15.7% |
| Other amounts receivable | 41 | €31,910 | €7,353 | -€24,556 | -77.0% |
| Cash at bank and in hand | 54/58 | €28,981 | €37,952 | +€8,971 | +31.0% |
| Deferred charges and accrued income | 490/1 | €2,287 | €4,831 | +€2,544 | +111% |
| Total equity and liabilities | 10/49 | €706,128 | €1,008,938 | +€302,810 | +42.9% |
| Equity | 10/15 | €232,943 | €235,239 | +€2,296 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,943 | €215,239 | +€2,296 | +1.1% |
| Distributable reserves | 133 | €212,943 | €215,239 | +€2,296 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €473,185 | €773,699 | +€300,514 | +63.5% |
| Amounts payable after more than one year | 17 | €334,814 | €524,011 | +€189,197 | +56.5% |
| Financial debts | 170/4 | €334,814 | €524,011 | +€189,197 | +56.5% |
| Amounts payable within one year | 42/48 | €133,914 | €242,990 | +€109,077 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €39,986 | €55,475 | +€15,488 | +38.7% |
| Financial debts | 43 | €18,000 | €0 | -€18,000 | -100% |
| Credit institutions | 430/8 | €18,000 | €0 | -€18,000 | -100% |
| Trade debts | 44 | €73 | €2,727 | +€2,654 | +3,616% |
| Suppliers | 440/4 | €73 | €2,727 | +€2,654 | +3,616% |
| Taxes, remuneration and social security | 45 | €4,961 | €572 | -€4,389 | -88.5% |
| Taxes | 450/3 | €4,961 | €572 | -€4,389 | -88.5% |
| Other amounts payable | 47/48 | €70,893 | €184,216 | +€113,324 | +160% |
| Accrued charges and deferred income | 492/3 | €4,457 | €6,697 | +€2,240 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,981 | €64,074 | +€16,093 | +33.5% |
| Other operating charges | 640/8 | €12,673 | €26,381 | +€13,708 | +108% |
| Non-recurring operating charges | 66A | €280 | €0 | -€280 | -100% |
| Gross operating margin | 9900 | €124,051 | €148,014 | +€23,963 | +19.3% |
| Operating profit (loss) | 9901 | €63,117 | €57,559 | -€5,558 | -8.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €9,615 | €22,972 | +€13,357 | +139% |
| Recurring financial charges | 65 | €9,615 | €22,972 | +€13,357 | +139% |
| Profit (loss) for the period before taxes | 9903 | €53,501 | €34,587 | -€18,914 | -35.4% |
| Income taxes | 67/77 | €16,890 | €10,647 | -€6,244 | -37.0% |
| Profit (loss) for the period | 9904 | €36,611 | €23,940 | -€12,671 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,611 | €23,940 | -€12,671 | -34.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.