THYBEAU HOLDING: 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.
THYBEAU HOLDING
Largest movements
- Cash +€1.8m
up €1.8m (+5092.6%), from €34,610 to €1.8m
mainly Net result for the year (+€1.5m) and Tax, wage and social debts (+€173,327)
- Receivables within one year -€100,517
down €100,517 (-100.0%), from €100,547 to €29
- Reserves +€1.5m
up €1.5m (+785.6%), from €185,141 to €1.6m
- Tax, wage and social debts +€173,327
up €173,327 (+376.1%), from €46,083 to €219,410
of which Taxes: +€174,255
- Other debts +€34,532
up €34,532 (+618.3%), from €5,585 to €40,117
- Financial income +€1.4m
up €1.4m (+1400.0%), from €100,000 to €1.5m
- Taxes +€128,896
up €128,896 (+285.5%), from €45,155 to €174,050
- Depreciation +€6,547
up €6,547 (+38.7%), from €16,928 to €23,475
- Gross operating margin -€3,226
down €3,226 (-2.1%), from €156,304 to €153,078
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 | €239,887 | €1,903,683 | +€1.7m | +693.6% |
| Fixed assets | 21/28 | €104,730 | €106,505 | +€1,775 | +1.7% |
| Tangible fixed assets | 22/27 | €104,729 | €106,504 | +€1,775 | +1.7% |
| Plant, machinery and equipment | 23 | €65,551 | €81,376 | +€15,825 | +24.1% |
| Furniture and vehicles | 24 | €39,179 | €25,128 | -€14,050 | -35.9% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €135,157 | €1,797,178 | +€1.7m | +1229.7% |
| Amounts receivable within one year | 40/41 | €100,547 | €29 | -€100,517 | -100.0% |
| Other amounts receivable | 41 | €100,547 | €29 | -€100,517 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,610 | €1,797,149 | +€1.8m | +5092.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €239,887 | €1,903,683 | +€1.7m | +693.6% |
| Equity | 10/15 | €185,241 | €1,639,720 | +€1.5m | +785.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €185,141 | €1,639,620 | +€1.5m | +785.6% |
| Distributable reserves | 133 | €185,141 | €1,639,620 | +€1.5m | +785.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,647 | €263,963 | +€209,317 | +383.0% |
| Amounts payable within one year | 42/48 | €54,647 | €263,963 | +€209,317 | +383.0% |
| Trade debts | 44 | €2,979 | €4,436 | +€1,458 | +48.9% |
| Suppliers | 440/4 | €2,979 | €4,436 | +€1,458 | +48.9% |
| Taxes, remuneration and social security | 45 | €46,083 | €219,410 | +€173,327 | +376.1% |
| Taxes | 450/3 | €45,155 | €219,410 | +€174,255 | +385.9% |
| Remuneration and social security | 454/9 | €928 | €0 | -€928 | -100.0% |
| Other amounts payable | 47/48 | €5,585 | €40,117 | +€34,532 | +618.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,928 | €23,475 | +€6,547 | +38.7% |
| Other operating charges | 640/8 | €1,494 | €1,032 | -€462 | -30.9% |
| Gross operating margin | 9900 | €156,304 | €153,078 | -€3,226 | -2.1% |
| Operating profit (loss) | 9901 | €137,882 | €128,570 | -€9,312 | -6.8% |
| Financial income | 75/76B | €100,000 | €1,500,000 | +€1.4m | +1400.0% |
| Recurring financial income | 75 | €100,000 | €1,500,000 | +€1.4m | +1400.0% |
| Financial charges | 65/66B | €53 | €40 | -€13 | -24.1% |
| Recurring financial charges | 65 | €53 | €40 | -€13 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €237,829 | €1,628,530 | +€1.4m | +584.7% |
| Income taxes | 67/77 | €45,155 | €174,050 | +€128,896 | +285.5% |
| Profit (loss) for the period | 9904 | €192,674 | €1,454,480 | +€1.3m | +654.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,674 | €1,454,480 | +€1.3m | +654.9% |
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 7 October 2026 via checked.be.