THUWIS INTERIEUR: what changed
What changed
THUWIS INTERIEUR
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€18,979
2024 · €2,720-€21,699
Equity
€26,760
2024 · €45,739-€18,979
Cash
€31,828
2024 · €27,693+€4,135
Balance sheet total
€467,205
2024 · €517,699-€50,494
Largest movements
Assets
- Tangible fixed assets -€64,760
down €64,760 (-15.2%), from €425,945 to €361,185
of which Land and buildings: -€67,486
- Stocks and contracts +€19,110
up €19,110 (+267%), from €7,163 to €26,272
of which Contracts in progress: +€20,058
- Deferred charges and accrued income -€9,009
down €9,009 (-96.3%), from €9,356 to €348
Equity and liabilities
- Debts after one year -€19,948
down €19,948 (-5.4%), from €367,271 to €347,323
- Profit (loss) carried forward -€18,979
down €18,979 (-50.9%), from -€37,270 to -€56,249
- Other debts -€12,586
down €12,586 (-25.7%), from €48,946 to €36,360
Income statement
- Depreciation +€50,273
up €50,273 (+270%), from €18,586 to €68,859
- Gross operating margin +€27,029
up €27,029 (+66.1%), from €40,901 to €67,930
- Financial charges -€4,769
down €4,769 (-35.6%), from €13,400 to €8,631
- Other operating charges +€2,168
up €2,168 (+37.1%), from €5,842 to €8,010
- Write-downs +€880
new in 2025: €880
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,720
Gross operating margin
+€27,029
Depreciation
-€50,273
Write-downs
-€880
Other operating charges
-€2,168
Financial income
-€423
Financial charges
+€4,769
Taxes
+€246
Result 2025
-€18,979
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,821
Investment
-€4,099
Financing
-€19,587
Cash 2024
€27,693
From operations (derived)
+€27,821
Net result for the year
-€18,979
Depreciation
+€68,859
Stocks and contracts
-€19,110
Receivables within one year
-€30
Deferred charges and accrued income
+€9,009
Trade debts
+€964
Tax, wage and social debts
+€780
Other debts
-€12,586
Accrued charges and deferred income
-€1,086
Investment (derived)
-€4,099
Investment in fixed assets (net)
-€4,099
Financing
-€19,587
Debts after one year
-€19,948
Current portion of long-term debt
+€361
Cash 2025
€31,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €517,699 | €467,205 | -€50,494 | -9.8% |
| Fixed assets | 21/28 | €425,945 | €361,185 | -€64,760 | -15.2% |
| Tangible fixed assets | 22/27 | €425,945 | €361,185 | -€64,760 | -15.2% |
| Land and buildings | 22 | €424,398 | €356,912 | -€67,486 | -15.9% |
| Plant, machinery and equipment | 23 | €1,546 | €4,273 | +€2,727 | +176% |
| Current assets | 29/58 | €91,754 | €106,020 | +€14,265 | +15.5% |
| Stocks and contracts in progress | 3 | €7,163 | €26,272 | +€19,110 | +267% |
| Stocks | 30/36 | €3,163 | €2,215 | -€948 | -30.0% |
| Contracts in progress | 37 | €4,000 | €24,058 | +€20,058 | +501% |
| Amounts receivable within one year | 40/41 | €47,542 | €47,572 | +€30 | +0.1% |
| Trade receivables | 40 | €46,346 | €45,501 | -€845 | -1.8% |
| Other amounts receivable | 41 | €1,197 | €2,071 | +€874 | +73.1% |
| Cash at bank and in hand | 54/58 | €27,693 | €31,828 | +€4,135 | +14.9% |
| Deferred charges and accrued income | 490/1 | €9,356 | €348 | -€9,009 | -96.3% |
| Total equity and liabilities | 10/49 | €517,699 | €467,205 | -€50,494 | -9.8% |
| Equity | 10/15 | €45,739 | €26,760 | -€18,979 | -41.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,808 | €76,808 | = | 0.0% |
| Distributable reserves | 133 | €76,808 | €76,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,270 | -€56,249 | -€18,979 | -50.9% |
| Amounts payable | 17/49 | €471,960 | €440,445 | -€31,516 | -6.7% |
| Amounts payable after more than one year | 17 | €367,271 | €347,323 | -€19,948 | -5.4% |
| Financial debts | 170/4 | €367,271 | €347,323 | -€19,948 | -5.4% |
| Amounts payable within one year | 42/48 | €103,603 | €93,122 | -€10,481 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €44,587 | €44,948 | +€361 | +0.8% |
| Trade debts | 44 | €8,583 | €9,548 | +€964 | +11.2% |
| Suppliers | 440/4 | €8,583 | €9,548 | +€964 | +11.2% |
| Taxes, remuneration and social security | 45 | €1,486 | €2,266 | +€780 | +52.5% |
| Taxes | 450/3 | €1,486 | €2,266 | +€780 | +52.5% |
| Other amounts payable | 47/48 | €48,946 | €36,360 | -€12,586 | -25.7% |
| Accrued charges and deferred income | 492/3 | €1,086 | - | -€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,586 | €68,859 | +€50,273 | +270% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €880 | +€880 | |
| Other operating charges | 640/8 | €5,842 | €8,010 | +€2,168 | +37.1% |
| Gross operating margin | 9900 | €40,901 | €67,930 | +€27,029 | +66.1% |
| Operating profit (loss) | 9901 | €16,473 | -€9,818 | -€26,291 | |
| Financial income | 75/76B | €423 | €0 | -€423 | -99.9% |
| Recurring financial income | 75 | €423 | €0 | -€423 | -99.9% |
| Financial charges | 65/66B | €13,400 | €8,631 | -€4,769 | -35.6% |
| Recurring financial charges | 65 | €13,400 | €8,631 | -€4,769 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €3,496 | -€18,449 | -€21,945 | |
| Income taxes | 67/77 | €776 | €530 | -€246 | -31.7% |
| Profit (loss) for the period | 9904 | €2,720 | -€18,979 | -€21,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,720 | -€18,979 | -€21,699 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.