THX 1138: 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.
THX 1138
Largest movements
- Receivables within one year -€62,084
down €62,084 (-26.0%), from €238,931 to €176,847
of which Other amounts receivable: -€48,169
- Tangible fixed assets -€13,613
down €13,613 (-2.1%), from €637,021 to €623,408
of which Land and buildings: -€20,880
- Debts after one year -€130,544
down €130,544 (-38.8%), from €336,430 to €205,886
- Current portion of long-term debt +€48,065
up €48,065 (+108%), from €44,427 to €92,492
- Other debts -€25,469
down €25,469 (-8.1%), from €315,123 to €289,654
- Profit (loss) carried forward +€18,885
up €18,885, from -€18,885 to €0
- Accrued charges and deferred income +€13,894
up €13,894 (+78.5%), from €17,707 to €31,601
- Taxes +€10,305
up €10,305 (+1,116%), from €923 to €11,228
- Financial income +€8,064
up €8,064 (+160,007%), from €5 to €8,069
- Gross operating margin +€3,721
up €3,721 (+4.9%), from €75,770 to €79,491
- Financial charges +€2,482
up €2,482 (+10.8%), from €23,079 to €25,561
- Depreciation +€1,621
up €1,621 (+7.6%), from €21,464 to €23,085
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 | €884,088 | €811,555 | -€72,533 | -8.2% |
| Fixed assets | 21/28 | €637,021 | €623,408 | -€13,613 | -2.1% |
| Tangible fixed assets | 22/27 | €637,021 | €623,408 | -€13,613 | -2.1% |
| Land and buildings | 22 | €636,586 | €615,706 | -€20,880 | -3.3% |
| Furniture and vehicles | 24 | €435 | €7,703 | +€7,268 | +1,671% |
| Current assets | 29/58 | €247,067 | €188,147 | -€58,921 | -23.8% |
| Amounts receivable within one year | 40/41 | €238,931 | €176,847 | -€62,084 | -26.0% |
| Trade receivables | 40 | €13,915 | €0 | -€13,915 | -100% |
| Other amounts receivable | 41 | €225,016 | €176,847 | -€48,169 | -21.4% |
| Cash at bank and in hand | 54/58 | €6,425 | €9,055 | +€2,631 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,712 | €2,244 | +€532 | +31.1% |
| Total equity and liabilities | 10/49 | €884,088 | €811,555 | -€72,533 | -8.2% |
| Equity | 10/15 | €151,575 | €175,985 | +€24,410 | +16.1% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,385 | +€5,525 | +297% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €7,385 | +€5,525 | +297% |
| Profit (loss) carried forward | 14 | -€18,885 | €0 | +€18,885 | |
| Amounts payable | 17/49 | €732,513 | €635,570 | -€96,943 | -13.2% |
| Amounts payable after more than one year | 17 | €336,430 | €205,886 | -€130,544 | -38.8% |
| Financial debts | 170/4 | €336,430 | €205,886 | -€130,544 | -38.8% |
| Amounts payable within one year | 42/48 | €378,375 | €398,082 | +€19,707 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €44,427 | €92,492 | +€48,065 | +108% |
| Financial debts | 43 | €745 | €0 | -€745 | -100% |
| Credit institutions | 430/8 | €745 | €0 | -€745 | -100% |
| Trade debts | 44 | €826 | €567 | -€259 | -31.3% |
| Suppliers | 440/4 | €826 | €567 | -€259 | -31.3% |
| Taxes, remuneration and social security | 45 | €17,254 | €15,369 | -€1,885 | -10.9% |
| Taxes | 450/3 | €15,143 | €13,759 | -€1,384 | -9.1% |
| Remuneration and social security | 454/9 | €2,111 | €1,610 | -€501 | -23.7% |
| Other amounts payable | 47/48 | €315,123 | €289,654 | -€25,469 | -8.1% |
| Accrued charges and deferred income | 492/3 | €17,707 | €31,601 | +€13,894 | +78.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,464 | €23,085 | +€1,621 | +7.6% |
| Other operating charges | 640/8 | €2,005 | €3,277 | +€1,272 | +63.5% |
| Gross operating margin | 9900 | €75,770 | €79,491 | +€3,721 | +4.9% |
| Operating profit (loss) | 9901 | €52,302 | €53,129 | +€827 | +1.6% |
| Financial income | 75/76B | €5 | €8,069 | +€8,064 | +160,007% |
| Recurring financial income | 75 | €5 | €8,069 | +€8,064 | +160,007% |
| Financial charges | 65/66B | €23,079 | €25,561 | +€2,482 | +10.8% |
| Recurring financial charges | 65 | €23,079 | €25,561 | +€2,482 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €29,228 | €35,637 | +€6,410 | +21.9% |
| Income taxes | 67/77 | €923 | €11,228 | +€10,305 | +1,116% |
| Profit (loss) for the period | 9904 | €28,304 | €24,410 | -€3,895 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,304 | €24,410 | -€3,895 | -13.8% |
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 17 October 2026 via checked.be.