THY CONSEILS: 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.
THY CONSEILS
Largest movements
- Tangible fixed assets -€37,107
down €37,107 (-21.7%), from €171,238 to €134,132
of which Plant, machinery and equipment: -€35,136
- Receivables within one year +€19,860
up €19,860 (+316.7%), from €6,271 to €26,130
of which Trade receivables: +€19,853
- Cash -€4,143
down €4,143 (-7.8%), from €52,838 to €48,695
mainly Receivables within one year (-€19,860) and Current portion of long-term debt (-€9,593)
- Deferred charges and accrued income +€3,060
up €3,060 (+262.7%), from €1,165 to €4,224
- Current portion of long-term debt -€9,593
no longer reported in 2025 (was €9,593)
- Tax, wage and social debts -€6,290
down €6,290 (-28.2%), from €22,276 to €15,986
of which Remuneration and social security: -€7,318
- Profit (loss) carried forward -€5,164
down €5,164 (-17.8%), from €29,050 to €23,887
- Trade debts +€2,779
up €2,779 (+55.4%), from €5,013 to €7,792
- Gross operating margin -€55,283
down €55,283 (-55.5%), from €99,695 to €44,412
- Depreciation -€13,557
down €13,557 (-24.7%), from €54,966 to €41,409
- Taxes -€8,861
down €8,861 (-69.4%), from €12,762 to €3,901
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 | €238,751 | €218,921 | -€19,830 | -8.3% |
| Fixed assets | 21/28 | €178,478 | €139,872 | -€38,607 | -21.6% |
| Intangible fixed assets | 21 | €7,125 | €5,625 | -€1,500 | -21.1% |
| Tangible fixed assets | 22/27 | €171,238 | €134,132 | -€37,107 | -21.7% |
| Plant, machinery and equipment | 23 | €164,007 | €128,871 | -€35,136 | -21.4% |
| Furniture and vehicles | 24 | €3,390 | €1,761 | -€1,630 | -48.1% |
| Leasing and similar rights | 25 | €341 | - | -€341 | |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €60,273 | €79,049 | +€18,776 | +31.2% |
| Amounts receivable within one year | 40/41 | €6,271 | €26,130 | +€19,860 | +316.7% |
| Trade receivables | 40 | €6,271 | €26,124 | +€19,853 | +316.6% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €52,838 | €48,695 | -€4,143 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,165 | €4,224 | +€3,060 | +262.7% |
| Total equity and liabilities | 10/49 | €238,751 | €218,921 | -€19,830 | -8.3% |
| Equity | 10/15 | €195,828 | €190,664 | -€5,164 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,578 | €160,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €141,828 | €141,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,050 | €23,887 | -€5,164 | -17.8% |
| Amounts payable | 17/49 | €42,924 | €28,257 | -€14,667 | -34.2% |
| Amounts payable within one year | 42/48 | €42,924 | €28,257 | -€14,667 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €9,593 | - | -€9,593 | |
| Trade debts | 44 | €5,013 | €7,792 | +€2,779 | +55.4% |
| Suppliers | 440/4 | €5,013 | €7,792 | +€2,779 | +55.4% |
| Taxes, remuneration and social security | 45 | €22,276 | €15,986 | -€6,290 | -28.2% |
| Taxes | 450/3 | €14,958 | €15,986 | +€1,028 | +6.9% |
| Remuneration and social security | 454/9 | €7,318 | - | -€7,318 | |
| Other amounts payable | 47/48 | €6,042 | €4,479 | -€1,563 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,966 | €41,409 | -€13,557 | -24.7% |
| Other operating charges | 640/8 | €1,444 | €1,503 | +€59 | +4.1% |
| Gross operating margin | 9900 | €99,695 | €44,412 | -€55,283 | -55.5% |
| Operating profit (loss) | 9901 | €43,285 | €1,500 | -€41,785 | -96.5% |
| Financial income | 75/76B | €10 | €54 | +€44 | +441.1% |
| Recurring financial income | 75 | €10 | €54 | +€44 | +441.1% |
| Financial charges | 65/66B | €3,192 | €2,817 | -€375 | -11.8% |
| Recurring financial charges | 65 | €3,192 | €2,817 | -€375 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €40,103 | -€1,263 | -€41,365 | |
| Income taxes | 67/77 | €12,762 | €3,901 | -€8,861 | -69.4% |
| Profit (loss) for the period | 9904 | €27,341 | -€5,164 | -€32,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,341 | -€5,164 | -€32,504 |
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 10 October 2026 via checked.be.