THYCALY: 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.
THYCALY
Largest movements
- Tangible fixed assets +€20,888
up €20,888 (+145.8%), from €14,323 to €35,211
of which Furniture and vehicles: +€22,143
- Receivables within one year +€15,227
up €15,227 (+615.8%), from €2,473 to €17,699
of which Trade receivables: +€15,886
- Other debts +€39,163
up €39,163 (+209.4%), from €18,702 to €57,865
- Reserves -€24,490
down €24,490 (-100.0%), from €24,490 to €0
- Debts after one year +€15,030
new in 2025: €15,030
- Tax, wage and social debts +€4,958
up €4,958 (+165.5%), from €2,996 to €7,955
- Current portion of long-term debt +€4,410
new in 2025: €4,410
- Gross operating margin -€11,846
down €11,846 (-41.6%), from €28,493 to €16,647
- Depreciation +€4,446
up €4,446 (+164.0%), from €2,711 to €7,157
- Taxes -€4,023
down €4,023 (-65.5%), from €6,141 to €2,118
- Other operating charges +€1,252
up €1,252 (+157.4%), from €795 to €2,047
- Financial charges +€790
up €790 (+554.9%), from €142 to €933
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 | €60,043 | €97,264 | +€37,221 | +62.0% |
| Fixed assets | 21/28 | €14,323 | €35,211 | +€20,888 | +145.8% |
| Tangible fixed assets | 22/27 | €14,323 | €35,211 | +€20,888 | +145.8% |
| Plant, machinery and equipment | 23 | €2,800 | €1,544 | -€1,255 | -44.8% |
| Furniture and vehicles | 24 | €11,524 | €33,667 | +€22,143 | +192.2% |
| Current assets | 29/58 | €45,720 | €62,053 | +€16,333 | +35.7% |
| Amounts receivable within one year | 40/41 | €2,473 | €17,699 | +€15,227 | +615.8% |
| Trade receivables | 40 | €0 | €15,886 | +€15,886 | |
| Other amounts receivable | 41 | €2,473 | €1,813 | -€660 | -26.7% |
| Cash at bank and in hand | 54/58 | €42,261 | €42,732 | +€471 | +1.1% |
| Deferred charges and accrued income | 490/1 | €986 | €1,622 | +€635 | +64.4% |
| Total equity and liabilities | 10/49 | €60,043 | €97,264 | +€37,221 | +62.0% |
| Equity | 10/15 | €26,990 | €2,500 | -€24,490 | -90.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,490 | €0 | -€24,490 | -100.0% |
| Distributable reserves | 133 | €24,490 | €0 | -€24,490 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,053 | €94,764 | +€61,711 | +186.7% |
| Amounts payable after more than one year | 17 | - | €15,030 | +€15,030 | |
| Financial debts | 170/4 | - | €15,030 | +€15,030 | |
| Amounts payable within one year | 42/48 | €26,053 | €72,734 | +€46,681 | +179.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,410 | +€4,410 | |
| Financial debts | 43 | €1,383 | €1,123 | -€260 | -18.8% |
| Credit institutions | 430/8 | €1,383 | €1,123 | -€260 | -18.8% |
| Trade debts | 44 | €2,972 | €1,381 | -€1,591 | -53.5% |
| Suppliers | 440/4 | €2,972 | €1,381 | -€1,591 | -53.5% |
| Taxes, remuneration and social security | 45 | €2,996 | €7,955 | +€4,958 | +165.5% |
| Taxes | 450/3 | €2,996 | €7,955 | +€4,958 | +165.5% |
| Other amounts payable | 47/48 | €18,702 | €57,865 | +€39,163 | +209.4% |
| Accrued charges and deferred income | 492/3 | €7,000 | €7,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €109 | +€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,711 | €7,157 | +€4,446 | +164.0% |
| Other operating charges | 640/8 | €795 | €2,047 | +€1,252 | +157.4% |
| Gross operating margin | 9900 | €28,493 | €16,647 | -€11,846 | -41.6% |
| Operating profit (loss) | 9901 | €24,987 | €7,443 | -€17,543 | -70.2% |
| Financial income | 75/76B | €269 | €0 | -€269 | -100.0% |
| Recurring financial income | 75 | €269 | €0 | -€269 | -100.0% |
| Financial charges | 65/66B | €142 | €933 | +€790 | +554.9% |
| Recurring financial charges | 65 | €142 | €933 | +€790 | +554.9% |
| Profit (loss) for the period before taxes | 9903 | €25,113 | €6,510 | -€18,603 | -74.1% |
| Income taxes | 67/77 | €6,141 | €2,118 | -€4,023 | -65.5% |
| Profit (loss) for the period | 9904 | €18,972 | €4,392 | -€14,580 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,972 | €4,392 | -€14,580 | -76.8% |
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 29 September 2026 via checked.be.