THUYLIE PASCAL: 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.
THUYLIE PASCAL
Largest movements
- Cash +€61,978
up €61,978 (+30.7%), from €201,828 to €263,806
mainly Depreciation (+€69,255) and Other debts (+€38,393)
- Tangible fixed assets -€44,835
down €44,835 (-13.0%), from €344,927 to €300,093
of which Land and buildings: -€24,439
- Receivables within one year -€12,064
down €12,064 (-38.2%), from €31,602 to €19,538
of which Other amounts receivable: -€10,612
- Other debts +€38,393
up €38,393 (+168%), from €22,870 to €61,264
- Debts after one year -€25,745
down €25,745 (-24.7%), from €104,104 to €78,358
- Trade debts +€12,484
up €12,484 (+153%), from €8,177 to €20,661
- Reserves -€10,634
down €10,634 (-3.1%), from €345,993 to €335,359
- Tax, wage and social debts -€9,364
down €9,364 (-37.9%), from €24,716 to €15,352
of which Taxes: -€8,136
- Gross operating margin +€31,293
up €31,293 (+20.8%), from €150,621 to €181,914
- Taxes +€8,853
up €8,853 (+197%), from €4,498 to €13,351
- Depreciation +€8,250
up €8,250 (+13.5%), from €61,004 to €69,255
- Other operating charges -€3,189
down €3,189 (-59.0%), from €5,407 to €2,218
- Staff costs +€2,404
up €2,404 (+3.9%), from €61,809 to €64,213
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 | €587,631 | €591,154 | +€3,523 | +0.6% |
| Fixed assets | 21/28 | €344,927 | €300,093 | -€44,835 | -13.0% |
| Tangible fixed assets | 22/27 | €344,927 | €300,093 | -€44,835 | -13.0% |
| Land and buildings | 22 | €231,149 | €206,711 | -€24,439 | -10.6% |
| Plant, machinery and equipment | 23 | €3,699 | €2,806 | -€893 | -24.2% |
| Furniture and vehicles | 24 | €37,115 | €18,411 | -€18,704 | -50.4% |
| Leasing and similar rights | 25 | €48,138 | €36,524 | -€11,614 | -24.1% |
| Other tangible fixed assets | 26 | €24,826 | €35,641 | +€10,815 | +43.6% |
| Current assets | 29/58 | €242,704 | €291,061 | +€48,357 | +19.9% |
| Stocks and contracts in progress | 3 | €5,543 | €6,549 | +€1,005 | +18.1% |
| Stocks | 30/36 | €5,543 | €6,549 | +€1,005 | +18.1% |
| Amounts receivable within one year | 40/41 | €31,602 | €19,538 | -€12,064 | -38.2% |
| Trade receivables | 40 | €20,990 | €19,538 | -€1,452 | -6.9% |
| Other amounts receivable | 41 | €10,612 | €0 | -€10,612 | -100% |
| Cash at bank and in hand | 54/58 | €201,828 | €263,806 | +€61,978 | +30.7% |
| Deferred charges and accrued income | 490/1 | €3,730 | €1,169 | -€2,561 | -68.7% |
| Total equity and liabilities | 10/49 | €587,631 | €591,154 | +€3,523 | +0.6% |
| Equity | 10/15 | €395,993 | €385,359 | -€10,634 | -2.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €345,993 | €335,359 | -€10,634 | -3.1% |
| Distributable reserves | 133 | €345,993 | €335,359 | -€10,634 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,638 | €205,795 | +€14,157 | +7.4% |
| Amounts payable after more than one year | 17 | €104,104 | €78,358 | -€25,745 | -24.7% |
| Financial debts | 170/4 | €104,104 | €78,358 | -€25,745 | -24.7% |
| Amounts payable within one year | 42/48 | €82,921 | €123,364 | +€40,443 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €27,158 | €26,087 | -€1,071 | -3.9% |
| Trade debts | 44 | €8,177 | €20,661 | +€12,484 | +153% |
| Suppliers | 440/4 | €8,177 | €20,661 | +€12,484 | +153% |
| Taxes, remuneration and social security | 45 | €24,716 | €15,352 | -€9,364 | -37.9% |
| Taxes | 450/3 | €20,860 | €12,724 | -€8,136 | -39.0% |
| Remuneration and social security | 454/9 | €3,856 | €2,628 | -€1,227 | -31.8% |
| Other amounts payable | 47/48 | €22,870 | €61,264 | +€38,393 | +168% |
| Accrued charges and deferred income | 492/3 | €4,614 | €4,073 | -€541 | -11.7% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100% |
| Remuneration, social security and pensions | 62 | €61,809 | €64,213 | +€2,404 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,004 | €69,255 | +€8,250 | +13.5% |
| Other operating charges | 640/8 | €5,407 | €2,218 | -€3,189 | -59.0% |
| Gross operating margin | 9900 | €150,621 | €181,914 | +€31,293 | +20.8% |
| Operating profit (loss) | 9901 | €22,401 | €46,229 | +€23,828 | +106% |
| Financial income | 75/76B | €366 | €371 | +€5 | +1.3% |
| Recurring financial income | 75 | €366 | €371 | +€5 | +1.3% |
| Financial charges | 65/66B | €6,998 | €6,265 | -€733 | -10.5% |
| Recurring financial charges | 65 | €6,998 | €6,265 | -€733 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €15,769 | €40,334 | +€24,565 | +156% |
| Income taxes | 67/77 | €4,498 | €13,351 | +€8,853 | +197% |
| Profit (loss) for the period | 9904 | €11,271 | €26,983 | +€15,712 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €11,271 | €26,983 | +€15,712 | +139% |
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 24 October 2026 via checked.be.