THUYS: 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.
THUYS
Largest movements
- Receivables within one year +€15,280
up €15,280 (+38.5%), from €39,707 to €54,987
of which Trade receivables: +€8,369
- Tangible fixed assets -€12,852
down €12,852 (-33.5%), from €38,327 to €25,476
of which Plant, machinery and equipment: -€6,705
- Cash -€6,943
down €6,943 (-100.0%), from €6,943 to €0
mainly Receivables within one year (-€15,280) and Tax, wage and social debts (-€8,035)
- Short-term financial debts +€12,635
up €12,635, from €0 to €12,635
- Tax, wage and social debts -€8,035
down €8,035 (-72.1%), from €11,143 to €3,108
- Current portion of long-term debt -€7,838
down €7,838 (-59.8%), from €13,112 to €5,274
- Debts after one year -€5,274
down €5,274 (-45.8%), from €11,525 to €6,251
- Reserves +€2,896
up €2,896 (+7.0%), from €41,153 to €44,049
- Gross operating margin -€29,538
down €29,538 (-59.0%), from €50,067 to €20,529
- Taxes -€7,859
down €7,859 (-82.4%), from €9,536 to €1,677
- Depreciation +€826
up €826 (+6.2%), from €13,266 to €14,091
- Financial charges -€569
down €569 (-28.3%), from €2,009 to €1,440
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.
Cash bridge derived
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 | €85,181 | €81,253 | -€3,928 | -4.6% |
| Fixed assets | 21/28 | €38,327 | €25,476 | -€12,852 | -33.5% |
| Tangible fixed assets | 22/27 | €38,327 | €25,476 | -€12,852 | -33.5% |
| Plant, machinery and equipment | 23 | €17,374 | €10,670 | -€6,705 | -38.6% |
| Furniture and vehicles | 24 | €3,104 | €3,057 | -€47 | -1.5% |
| Leasing and similar rights | 25 | €17,849 | €11,749 | -€6,100 | -34.2% |
| Current assets | 29/58 | €46,854 | €55,777 | +€8,923 | +19.0% |
| Amounts receivable within one year | 40/41 | €39,707 | €54,987 | +€15,280 | +38.5% |
| Trade receivables | 40 | €1,733 | €10,102 | +€8,369 | +483.0% |
| Other amounts receivable | 41 | €37,974 | €44,885 | +€6,910 | +18.2% |
| Cash at bank and in hand | 54/58 | €6,943 | €0 | -€6,943 | -100.0% |
| Deferred charges and accrued income | 490/1 | €204 | €791 | +€587 | +287.5% |
| Total equity and liabilities | 10/49 | €85,181 | €81,253 | -€3,928 | -4.6% |
| Equity | 10/15 | €44,505 | €47,049 | +€2,544 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,153 | €44,049 | +€2,896 | +7.0% |
| Distributable reserves | 133 | €41,153 | €44,049 | +€2,896 | +7.0% |
| Profit (loss) carried forward | 14 | €352 | €0 | -€352 | -100.0% |
| Amounts payable | 17/49 | €40,676 | €34,204 | -€6,472 | -15.9% |
| Amounts payable after more than one year | 17 | €11,525 | €6,251 | -€5,274 | -45.8% |
| Financial debts | 170/4 | €11,525 | €6,251 | -€5,274 | -45.8% |
| Amounts payable within one year | 42/48 | €29,135 | €27,953 | -€1,183 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €13,112 | €5,274 | -€7,838 | -59.8% |
| Financial debts | 43 | €0 | €12,635 | +€12,635 | |
| Credit institutions | 430/8 | €0 | €12,635 | +€12,635 | |
| Trade debts | 44 | €4,880 | €6,936 | +€2,056 | +42.1% |
| Suppliers | 440/4 | €4,880 | €6,936 | +€2,056 | +42.1% |
| Taxes, remuneration and social security | 45 | €11,143 | €3,108 | -€8,035 | -72.1% |
| Taxes | 450/3 | €11,143 | €3,108 | -€8,035 | -72.1% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,266 | €14,091 | +€826 | +6.2% |
| Other operating charges | 640/8 | €1,133 | €777 | -€356 | -31.4% |
| Gross operating margin | 9900 | €50,067 | €20,529 | -€29,538 | -59.0% |
| Operating profit (loss) | 9901 | €35,668 | €5,661 | -€30,007 | -84.1% |
| Financial income | 75/76B | €73 | €0 | -€73 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Financial charges | 65/66B | €2,009 | €1,440 | -€569 | -28.3% |
| Recurring financial charges | 65 | €2,009 | €1,440 | -€569 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €33,732 | €4,221 | -€29,511 | -87.5% |
| Income taxes | 67/77 | €9,536 | €1,677 | -€7,859 | -82.4% |
| Profit (loss) for the period | 9904 | €24,196 | €2,544 | -€21,652 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,196 | €2,544 | -€21,652 | -89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.