THYBAU: 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.
THYBAU
Largest movements
- Tangible fixed assets -€67,301
down €67,301 (-16.2%), from €416,128 to €348,827
of which Furniture and vehicles: -€55,151
- Cash -€11,448
down €11,448 (-52.2%), from €21,952 to €10,504
mainly Debts after one year (-€52,419) and Net result for the year (-€22,366)
- Receivables within one year +€5,789
up €5,789 (+11.9%), from €48,655 to €54,444
of which Trade receivables: +€5,789
- Debts after one year -€52,419
down €52,419 (-20.8%), from €252,300 to €199,881
- Profit (loss) carried forward -€22,366
down €22,366 (-20.0%), from €111,708 to €89,342
- Turnover -€29,046
down €29,046 (-14.2%), from €204,114 to €175,068
- Financial charges -€20,907
down €20,907 (-63.5%), from €32,901 to €11,994
of which Non-recurring financial charges: -€17,827
- Gross operating margin -€18,926
down €18,926 (-25.0%), from €75,809 to €56,883
- Purchases and services -€10,120
down €10,120 (-7.9%), from €128,305 to €118,185
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 | €486,870 | €413,985 | -€72,885 | -15.0% |
| Fixed assets | 21/28 | €416,263 | €349,037 | -€67,226 | -16.1% |
| Tangible fixed assets | 22/27 | €416,128 | €348,827 | -€67,301 | -16.2% |
| Plant, machinery and equipment | 23 | €65,071 | €52,921 | -€12,150 | -18.7% |
| Furniture and vehicles | 24 | €351,057 | €295,906 | -€55,151 | -15.7% |
| Financial fixed assets | 28 | €135 | €210 | +€75 | +55.6% |
| Current assets | 29/58 | €70,607 | €64,948 | -€5,659 | -8.0% |
| Amounts receivable within one year | 40/41 | €48,655 | €54,444 | +€5,789 | +11.9% |
| Trade receivables | 40 | €43,389 | €49,178 | +€5,789 | +13.3% |
| Other amounts receivable | 41 | €5,266 | €5,266 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,952 | €10,504 | -€11,448 | -52.2% |
| Total equity and liabilities | 10/49 | €486,870 | €413,985 | -€72,885 | -15.0% |
| Equity | 10/15 | €169,000 | €145,488 | -€23,512 | -13.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,708 | €89,342 | -€22,366 | -20.0% |
| Investment grants | 15 | €2,292 | €1,146 | -€1,146 | -50.0% |
| Provisions and deferred taxes | 16 | €763 | €382 | -€381 | -49.9% |
| Deferred taxes | 168 | €763 | €382 | -€381 | -49.9% |
| Amounts payable | 17/49 | €317,107 | €268,115 | -€48,992 | -15.4% |
| Amounts payable after more than one year | 17 | €252,300 | €199,881 | -€52,419 | -20.8% |
| Financial debts | 170/4 | €252,300 | €199,881 | -€52,419 | -20.8% |
| Amounts payable within one year | 42/48 | €64,807 | €68,234 | +€3,427 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €53,745 | €52,419 | -€1,326 | -2.5% |
| Trade debts | 44 | - | €1,908 | +€1,908 | |
| Suppliers | 440/4 | - | €1,908 | +€1,908 | |
| Taxes, remuneration and social security | 45 | €9,920 | €12,720 | +€2,800 | +28.2% |
| Taxes | 450/3 | €9,920 | €12,416 | +€2,496 | +25.2% |
| Remuneration and social security | 454/9 | - | €304 | +€304 | |
| Other amounts payable | 47/48 | €1,142 | €1,187 | +€45 | +3.9% |
| Turnover | 70 | €204,114 | €175,068 | -€29,046 | -14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,305 | €118,185 | -€10,120 | -7.9% |
| Remuneration, social security and pensions | 62 | - | €1,178 | +€1,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,395 | €66,128 | +€1,733 | +2.7% |
| Other operating charges | 640/8 | €782 | €1,600 | +€818 | +104.6% |
| Gross operating margin | 9900 | €75,809 | €56,883 | -€18,926 | -25.0% |
| Operating profit (loss) | 9901 | €10,632 | -€12,023 | -€22,655 | |
| Financial income | 75/76B | €1,955 | €1,270 | -€685 | -35.0% |
| Recurring financial income | 75 | €1,146 | €1,146 | = | 0.0% |
| Non-recurring financial income | 76B | €809 | €124 | -€685 | -84.7% |
| Financial charges | 65/66B | €32,901 | €11,994 | -€20,907 | -63.5% |
| Recurring financial charges | 65 | €13,901 | €10,821 | -€3,080 | -22.2% |
| Non-recurring financial charges | 66B | €19,000 | €1,173 | -€17,827 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,314 | -€22,747 | -€2,433 | -12.0% |
| Transfer from deferred taxes | 780 | €382 | €381 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€19,932 | -€22,366 | -€2,434 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,932 | -€22,366 | -€2,434 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.