THYBATI: 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.
THYBATI
Largest movements
- Tangible fixed assets +€153,708
up €153,708 (+128%), from €120,319 to €274,027
of which Furniture and vehicles: +€161,748
- Stocks and contracts -€51,954
down €51,954 (-11.2%), from €465,400 to €413,446
- Receivables within one year -€9,937
down €9,937 (-23.6%), from €42,111 to €32,175
of which Trade receivables: -€11,047
- Other debts +€58,752
up €58,752 (+24.6%), from €238,364 to €297,116
- Tax, wage and social debts +€27,210
up €27,210 (+23.4%), from €116,421 to €143,631
of which Taxes: +€21,219
- Trade debts +€21,752
up €21,752 (+18.7%), from €116,375 to €138,127
- Current portion of long-term debt -€14,382
down €14,382 (-63.7%), from €22,590 to €8,208
- Profit (loss) carried forward +€9,991
up €9,991 (+10.9%), from €91,288 to €101,279
- Gross operating margin +€57,798
up €57,798 (+27.3%), from €211,710 to €269,508
- Taxes +€13,434
up €13,434 (+337%), from €3,990 to €17,424
- Other operating charges +€8,256
up €8,256 (+32.4%), from €25,452 to €33,708
- Staff costs -€5,326
down €5,326 (-3.9%), from €136,526 to €131,200
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 | €642,014 | €734,830 | +€92,816 | +14.5% |
| Fixed assets | 21/28 | €120,819 | €274,027 | +€153,208 | +127% |
| Tangible fixed assets | 22/27 | €120,319 | €274,027 | +€153,708 | +128% |
| Plant, machinery and equipment | 23 | €42,877 | €34,838 | -€8,039 | -18.7% |
| Furniture and vehicles | 24 | €77,442 | €239,189 | +€161,748 | +209% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €521,195 | €460,802 | -€60,392 | -11.6% |
| Stocks and contracts in progress | 3 | €465,400 | €413,446 | -€51,954 | -11.2% |
| Stocks | 30/36 | €465,400 | €413,446 | -€51,954 | -11.2% |
| Amounts receivable within one year | 40/41 | €42,111 | €32,175 | -€9,937 | -23.6% |
| Trade receivables | 40 | €36,418 | €25,371 | -€11,047 | -30.3% |
| Other amounts receivable | 41 | €5,694 | €6,804 | +€1,110 | +19.5% |
| Cash at bank and in hand | 54/58 | €10,185 | €6,928 | -€3,257 | -32.0% |
| Deferred charges and accrued income | 490/1 | €3,498 | €8,253 | +€4,755 | +136% |
| Total equity and liabilities | 10/49 | €642,014 | €734,830 | +€92,816 | +14.5% |
| Equity | 10/15 | €111,748 | €121,739 | +€9,991 | +8.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,288 | €101,279 | +€9,991 | +10.9% |
| Amounts payable | 17/49 | €530,266 | €613,091 | +€82,825 | +15.6% |
| Amounts payable after more than one year | 17 | €8,208 | - | -€8,208 | |
| Financial debts | 170/4 | €8,208 | - | -€8,208 | |
| Amounts payable within one year | 42/48 | €521,292 | €608,905 | +€87,613 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €22,590 | €8,208 | -€14,382 | -63.7% |
| Financial debts | 43 | €27,542 | €21,822 | -€5,719 | -20.8% |
| Credit institutions | 430/8 | €27,542 | €21,822 | -€5,719 | -20.8% |
| Trade debts | 44 | €116,375 | €138,127 | +€21,752 | +18.7% |
| Suppliers | 440/4 | €116,375 | €138,127 | +€21,752 | +18.7% |
| Taxes, remuneration and social security | 45 | €116,421 | €143,631 | +€27,210 | +23.4% |
| Taxes | 450/3 | €70,819 | €92,037 | +€21,219 | +30.0% |
| Remuneration and social security | 454/9 | €45,602 | €51,594 | +€5,991 | +13.1% |
| Other amounts payable | 47/48 | €238,364 | €297,116 | +€58,752 | +24.6% |
| Accrued charges and deferred income | 492/3 | €766 | €4,187 | +€3,420 | +446% |
| Non-recurring operating income | 76A | €68,806 | - | -€68,806 | |
| Remuneration, social security and pensions | 62 | €136,526 | €131,200 | -€5,326 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,739 | €37,917 | +€2,178 | +6.1% |
| Other operating charges | 640/8 | €25,452 | €33,708 | +€8,256 | +32.4% |
| Non-recurring operating charges | 66A | €11,694 | €31,689 | +€19,995 | +171% |
| Gross operating margin | 9900 | €211,710 | €269,508 | +€57,798 | +27.3% |
| Operating profit (loss) | 9901 | €2,299 | €34,994 | +€32,695 | +1,422% |
| Financial income | 75/76B | €43 | €413 | +€370 | +860% |
| Recurring financial income | 75 | €43 | €413 | +€370 | +860% |
| Financial charges | 65/66B | €10,151 | €7,992 | -€2,159 | -21.3% |
| Recurring financial charges | 65 | €10,151 | €7,992 | -€2,159 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,809 | €27,415 | +€35,224 | |
| Income taxes | 67/77 | €3,990 | €17,424 | +€13,434 | +337% |
| Profit (loss) for the period | 9904 | -€11,799 | €9,991 | +€21,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,799 | €9,991 | +€21,790 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.