THYF CORP: 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.
THYF CORP
Largest movements
- Cash +€62,423
up €62,423 (+202%), from €30,933 to €93,357
mainly Investment in fixed assets (net) (+€28,713) and Receivables within one year (+€27,415)
- Tangible fixed assets -€28,713
down €28,713 (-100%), from €28,713 to €0
- Receivables within one year -€27,415
down €27,415 (-59.5%), from €46,051 to €18,636
of which Trade receivables: -€24,070
- Deferred charges and accrued income -€8,450
down €8,450 (-73.9%), from €11,433 to €2,983
- Profit (loss) carried forward +€20,174
up €20,174 (+49.4%), from €40,851 to €61,024
- Other debts -€12,220
down €12,220 (-24.8%), from €49,329 to €37,108
- Tax, wage and social debts -€6,198
down €6,198 (-45.8%), from €13,546 to €7,348
- Provisions -€5,967
down €5,967 (-13.0%), from €46,000 to €40,033
of which Deferred taxes: -€46,000
- Trade debts +€2,058
up €2,058 (+112%), from €1,845 to €3,903
- Provisions -€51,967
down €51,967, from €46,000 to -€5,967
- Gross operating margin -€33,138
down €33,138 (-28.0%), from €118,195 to €85,057
- Financial charges -€11,432
down €11,432 (-18.3%), from €62,433 to €51,002
- Taxes +€8,255
up €8,255 (+90.8%), from €9,093 to €17,348
- Depreciation -€2,930
down €2,930 (-100%), from €2,930 to €0
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 | €172,030 | €169,876 | -€2,154 | -1.3% |
| Fixed assets | 21/28 | €83,613 | €54,900 | -€28,713 | -34.3% |
| Tangible fixed assets | 22/27 | €28,713 | €0 | -€28,713 | -100% |
| Furniture and vehicles | 24 | €28,713 | €0 | -€28,713 | -100% |
| Financial fixed assets | 28 | €54,900 | €54,900 | = | 0.0% |
| Current assets | 29/58 | €88,417 | €114,976 | +€26,559 | +30.0% |
| Amounts receivable within one year | 40/41 | €46,051 | €18,636 | -€27,415 | -59.5% |
| Trade receivables | 40 | €32,070 | €8,000 | -€24,070 | -75.1% |
| Other amounts receivable | 41 | €13,981 | €10,636 | -€3,345 | -23.9% |
| Cash at bank and in hand | 54/58 | €30,933 | €93,357 | +€62,423 | +202% |
| Deferred charges and accrued income | 490/1 | €11,433 | €2,983 | -€8,450 | -73.9% |
| Total equity and liabilities | 10/49 | €172,030 | €169,876 | -€2,154 | -1.3% |
| Equity | 10/15 | €61,311 | €81,484 | +€20,174 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,851 | €61,024 | +€20,174 | +49.4% |
| Provisions and deferred taxes | 16 | €46,000 | €40,033 | -€5,967 | -13.0% |
| Provisions for liabilities and charges | 160/5 | - | €40,033 | +€40,033 | |
| Other liabilities and charges | 164/5 | - | €40,033 | +€40,033 | |
| Deferred taxes | 168 | €46,000 | €0 | -€46,000 | -100% |
| Amounts payable | 17/49 | €64,720 | €48,359 | -€16,360 | -25.3% |
| Amounts payable within one year | 42/48 | €64,720 | €48,359 | -€16,360 | -25.3% |
| Trade debts | 44 | €1,845 | €3,903 | +€2,058 | +112% |
| Suppliers | 440/4 | €1,845 | €3,903 | +€2,058 | +112% |
| Taxes, remuneration and social security | 45 | €13,546 | €7,348 | -€6,198 | -45.8% |
| Taxes | 450/3 | €13,546 | €7,348 | -€6,198 | -45.8% |
| Other amounts payable | 47/48 | €49,329 | €37,108 | -€12,220 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,930 | €0 | -€2,930 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €46,000 | -€5,967 | -€51,967 | |
| Other operating charges | 640/8 | €4,963 | €3,940 | -€1,022 | -20.6% |
| Non-recurring operating charges | 66A | - | €767 | +€767 | |
| Gross operating margin | 9900 | €118,195 | €85,057 | -€33,138 | -28.0% |
| Operating profit (loss) | 9901 | €64,302 | €86,317 | +€22,014 | +34.2% |
| Financial income | 75/76B | €4,227 | €2,207 | -€2,020 | -47.8% |
| Recurring financial income | 75 | €4,227 | €2,207 | -€2,020 | -47.8% |
| Financial charges | 65/66B | €62,433 | €51,002 | -€11,432 | -18.3% |
| Recurring financial charges | 65 | €62,433 | €51,002 | -€11,432 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €6,096 | €37,522 | +€31,426 | +516% |
| Income taxes | 67/77 | €9,093 | €17,348 | +€8,255 | +90.8% |
| Profit (loss) for the period | 9904 | -€2,997 | €20,174 | +€23,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,997 | €20,174 | +€23,171 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.