THYBO: 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.
THYBO
Largest movements
- Stocks and contracts -€4,327
down €4,327 (-22.4%), from €19,304 to €14,976
- Tangible fixed assets -€2,053
down €2,053 (-11.0%), from €18,650 to €16,596
of which Furniture and vehicles: -€2,713
- Cash -€1,008
down €1,008 (-23.2%), from €4,350 to €3,342
mainly Net result for the year (-€30,559) and Trade debts (-€7,423)
- Receivables within one year +€641
up €641 (+21.8%), from €2,939 to €3,580
of which Other amounts receivable: +€1,901
- Profit (loss) carried forward -€30,559
down €30,559 (-16.1%), from -€190,009 to -€220,568
- Other debts +€30,253
up €30,253 (+16.1%), from €188,092 to €218,344
- Trade debts -€7,423
down €7,423 (-31.9%), from €23,296 to €15,873
- Short-term financial debts +€566
new in 2024: €566
- Gross operating margin -€25,698
down €25,698, from €9,417 to -€16,281
- Depreciation -€21,917
down €21,917 (-81.9%), from €26,772 to €4,856
- Staff costs -€21,301
down €21,301 (-88.8%), from €23,974 to €2,674
- Other operating charges +€1,834
up €1,834 (+41.0%), from €4,476 to €6,311
- Financial charges -€326
down €326 (-16.1%), from €2,027 to €1,701
of which Non-recurring financial charges: -€329
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,242 | €38,495 | -€6,747 | -14.9% |
| Fixed assets | 21/28 | €18,650 | €16,596 | -€2,053 | -11.0% |
| Tangible fixed assets | 22/27 | €18,650 | €16,596 | -€2,053 | -11.0% |
| Land and buildings | 22 | €1,935 | €4,225 | +€2,291 | +118.4% |
| Plant, machinery and equipment | 23 | €4,482 | €2,852 | -€1,631 | -36.4% |
| Furniture and vehicles | 24 | €12,233 | €9,519 | -€2,713 | -22.2% |
| Current assets | 29/58 | €26,593 | €21,899 | -€4,694 | -17.7% |
| Stocks and contracts in progress | 3 | €19,304 | €14,976 | -€4,327 | -22.4% |
| Stocks | 30/36 | €19,304 | €14,976 | -€4,327 | -22.4% |
| Amounts receivable within one year | 40/41 | €2,939 | €3,580 | +€641 | +21.8% |
| Trade receivables | 40 | €1,500 | €240 | -€1,260 | -84.0% |
| Other amounts receivable | 41 | €1,439 | €3,340 | +€1,901 | +132.2% |
| Cash at bank and in hand | 54/58 | €4,350 | €3,342 | -€1,008 | -23.2% |
| Total equity and liabilities | 10/49 | €45,242 | €38,495 | -€6,747 | -14.9% |
| Equity | 10/15 | -€168,555 | -€199,114 | -€30,559 | -18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,862 | €2,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,272 | +€1,272 | |
| Reserves not available under the articles | 1311 | - | €1,272 | +€1,272 | |
| Distributable reserves | 133 | €2,862 | €1,590 | -€1,272 | -44.5% |
| Profit (loss) carried forward | 14 | -€190,009 | -€220,568 | -€30,559 | -16.1% |
| Amounts payable | 17/49 | €213,797 | €237,609 | +€23,812 | +11.1% |
| Amounts payable within one year | 42/48 | €213,797 | €237,609 | +€23,812 | +11.1% |
| Financial debts | 43 | - | €566 | +€566 | |
| Credit institutions | 430/8 | - | €566 | +€566 | |
| Trade debts | 44 | €23,296 | €15,873 | -€7,423 | -31.9% |
| Suppliers | 440/4 | €23,296 | €15,873 | -€7,423 | -31.9% |
| Taxes, remuneration and social security | 45 | €2,410 | €2,825 | +€415 | +17.2% |
| Taxes | 450/3 | €811 | €1,227 | +€415 | +51.2% |
| Remuneration and social security | 454/9 | €1,599 | €1,599 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €188,092 | €218,344 | +€30,253 | +16.1% |
| Remuneration, social security and pensions | 62 | €23,974 | €2,674 | -€21,301 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,772 | €4,856 | -€21,917 | -81.9% |
| Other operating charges | 640/8 | €4,476 | €6,311 | +€1,834 | +41.0% |
| Gross operating margin | 9900 | €9,417 | -€16,281 | -€25,698 | |
| Operating profit (loss) | 9901 | -€45,806 | -€30,122 | +€15,685 | +34.2% |
| Financial income | 75/76B | €1,272 | €1,263 | -€9 | -0.7% |
| Recurring financial income | 75 | €1,144 | €1,263 | +€120 | +10.5% |
| Non-recurring financial income | 76B | €129 | - | -€129 | |
| Financial charges | 65/66B | €2,027 | €1,701 | -€326 | -16.1% |
| Recurring financial charges | 65 | €1,698 | €1,701 | +€2 | +0.1% |
| Non-recurring financial charges | 66B | €329 | - | -€329 | |
| Profit (loss) for the period before taxes | 9903 | -€46,561 | -€30,559 | +€16,002 | +34.4% |
| Profit (loss) for the period | 9904 | -€46,561 | -€30,559 | +€16,002 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,561 | -€30,559 | +€16,002 | +34.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.