THYGIOS: 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.
What changed
THYGIOS
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,193
2024 · €358+€1,835
Equity
€469,027
2024 · €466,834+€2,193
Cash
€26,766
2024 · €67,401-€40,635
Balance sheet total
€3.8m
2024 · €4.4m-€610,405
Largest movements
Assets
- Stocks and contracts -€475,692
down €475,692 (-27.3%), from €1.7m to €1.3m
of which Stocks: -€528,544
- Tangible fixed assets -€74,227
down €74,227 (-2.9%), from €2.6m to €2.5m
of which Land and buildings: -€74,227
Equity and liabilities
- Short-term financial debts -€583,650
down €583,650 (-44.9%), from €1.3m to €715,183
of which Credit institutions: -€593,000
- Debts after one year +€525,687
up €525,687 (+28.4%), from €1.8m to €2.4m
- Current portion of long-term debt -€292,676
down €292,676 (-70.8%), from €413,658 to €120,981
- Other debts -€217,901
down €217,901 (-61.7%), from €353,219 to €135,318
Income statement
- Financial charges +€30,418
up €30,418 (+23.0%), from €132,492 to €162,910
- Gross operating margin +€21,129
up €21,129 (+9.7%), from €218,564 to €239,692
- Financial income +€8,284
up €8,284 (+16,568,440%), from €0 to €8,284
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.
Result 2024
€358
Gross operating margin
+€21,129
Depreciation
+€146
Other operating charges
-€2,154
Other operating items
+€3,520
Financial income
+€8,284
Financial charges
-€30,418
Taxes
+€1,328
Result 2025
€2,193
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€288,508
Investment
+€21,497
Financing
-€350,640
Cash 2024
€67,401
From operations (derived)
+€288,508
Net result for the year
+€2,193
Depreciation
+€74,227
Stocks and contracts
+€475,692
Receivables within one year
-€1,973
Deferred charges and accrued income
+€328
Trade debts
-€32,507
Tax, wage and social debts
-€13,438
Other debts
-€217,901
Accrued charges and deferred income
+€1,888
Investment (derived)
+€21,497
Current investments
+€21,497
Financing
-€350,640
Debts after one year
+€525,687
Current portion of long-term debt
-€292,676
Short-term financial debts
-€583,650
Cash 2025
€26,766
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,431,532 | €3,821,127 | -€610,405 | -13.8% |
| Fixed assets | 21/28 | €2,591,094 | €2,516,867 | -€74,227 | -2.9% |
| Tangible fixed assets | 22/27 | €2,572,594 | €2,498,367 | -€74,227 | -2.9% |
| Land and buildings | 22 | €2,572,594 | €2,498,367 | -€74,227 | -2.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €18,500 | €18,500 | = | 0.0% |
| Current assets | 29/58 | €1,840,438 | €1,304,260 | -€536,178 | -29.1% |
| Stocks and contracts in progress | 3 | €1,745,293 | €1,269,602 | -€475,692 | -27.3% |
| Stocks | 30/36 | €1,745,293 | €1,216,749 | -€528,544 | -30.3% |
| Contracts in progress | 37 | - | €52,853 | +€52,853 | |
| Amounts receivable within one year | 40/41 | €953 | €2,926 | +€1,973 | +207% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €953 | €2,926 | +€1,973 | +207% |
| Current investments | 50/53 | €21,497 | €0 | -€21,497 | -100% |
| Cash at bank and in hand | 54/58 | €67,401 | €26,766 | -€40,635 | -60.3% |
| Deferred charges and accrued income | 490/1 | €5,294 | €4,967 | -€328 | -6.2% |
| Total equity and liabilities | 10/49 | €4,431,532 | €3,821,127 | -€610,405 | -13.8% |
| Equity | 10/15 | €466,834 | €469,027 | +€2,193 | +0.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €356,626 | €356,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €356,626 | €356,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,208 | €52,401 | +€2,193 | +4.4% |
| Amounts payable | 17/49 | €3,964,698 | €3,352,100 | -€612,598 | -15.5% |
| Amounts payable after more than one year | 17 | €1,849,022 | €2,374,708 | +€525,687 | +28.4% |
| Financial debts | 170/4 | €1,849,022 | €2,374,708 | +€525,687 | +28.4% |
| Amounts payable within one year | 42/48 | €2,115,676 | €975,504 | -€1.1m | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €413,658 | €120,981 | -€292,676 | -70.8% |
| Financial debts | 43 | €1,298,833 | €715,183 | -€583,650 | -44.9% |
| Credit institutions | 430/8 | €1,298,833 | €705,833 | -€593,000 | -45.7% |
| Other loans | 439 | - | €9,350 | +€9,350 | |
| Trade debts | 44 | €33,753 | €1,246 | -€32,507 | -96.3% |
| Suppliers | 440/4 | €33,753 | €1,246 | -€32,507 | -96.3% |
| Taxes, remuneration and social security | 45 | €16,214 | €2,775 | -€13,438 | -82.9% |
| Taxes | 450/3 | €16,141 | €2,775 | -€13,366 | -82.8% |
| Remuneration and social security | 454/9 | €72 | €0 | -€72 | -100% |
| Other amounts payable | 47/48 | €353,219 | €135,318 | -€217,901 | -61.7% |
| Accrued charges and deferred income | 492/3 | - | €1,888 | +€1,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,373 | €74,227 | -€146 | -0.2% |
| Other operating charges | 640/8 | €6,273 | €8,427 | +€2,154 | +34.3% |
| Non-recurring operating charges | 66A | €3,520 | €0 | -€3,520 | -100% |
| Gross operating margin | 9900 | €218,564 | €239,692 | +€21,129 | +9.7% |
| Operating profit (loss) | 9901 | €134,398 | €157,038 | +€22,640 | +16.8% |
| Financial income | 75/76B | €0 | €8,284 | +€8,284 | +16,568,440% |
| Recurring financial income | 75 | €0 | €8,284 | +€8,284 | +16,568,440% |
| Financial charges | 65/66B | €132,492 | €162,910 | +€30,418 | +23.0% |
| Recurring financial charges | 65 | €132,492 | €162,910 | +€30,418 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €1,905 | €2,412 | +€507 | +26.6% |
| Income taxes | 67/77 | €1,547 | €219 | -€1,328 | -85.8% |
| Profit (loss) for the period | 9904 | €358 | €2,193 | +€1,835 | +512% |
| Profit (loss) for the period to be appropriated | 9905 | €358 | €2,193 | +€1,835 | +512% |
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 17 October 2026 via checked.be.