THYLA: 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.
THYLA
Largest movements
- Cash +€25,012
up €25,012 (+56.1%), from €44,561 to €69,574
mainly Net result for the year (+€25,576) and Depreciation (+€21,569)
- Tangible fixed assets -€14,340
down €14,340 (-27.8%), from €51,545 to €37,205
of which Furniture and vehicles: -€21,668
- Receivables within one year +€6,937
up €6,937 (+28.4%), from €24,394 to €31,330
- Deferred charges and accrued income -€4,393
down €4,393 (-50.2%), from €8,760 to €4,367
- Reserves +€25,576
up €25,576 (+66.7%), from €38,359 to €63,935
- Other debts -€24,881
down €24,881 (-67.8%), from €36,692 to €11,811
- Trade debts +€14,385
up €14,385 (+151.9%), from €9,470 to €23,855
- Tax, wage and social debts +€12,714
up €12,714 (+256.2%), from €4,963 to €17,677
of which Taxes: +€12,348
- Current portion of long-term debt -€9,749
down €9,749 (-93.1%), from €10,466 to €717
- Gross operating margin -€35,643
down €35,643 (-31.2%), from €114,284 to €78,641
- Taxes -€8,617
down €8,617 (-37.9%), from €22,762 to €14,146
- Depreciation -€8,370
down €8,370 (-28.0%), from €29,938 to €21,569
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 | €129,260 | €142,476 | +€13,216 | +10.2% |
| Fixed assets | 21/28 | €51,545 | €37,205 | -€14,340 | -27.8% |
| Tangible fixed assets | 22/27 | €51,545 | €37,205 | -€14,340 | -27.8% |
| Plant, machinery and equipment | 23 | €1,622 | €649 | -€972 | -60.0% |
| Furniture and vehicles | 24 | €21,668 | - | -€21,668 | |
| Other tangible fixed assets | 26 | €28,255 | €36,556 | +€8,301 | +29.4% |
| Current assets | 29/58 | €77,715 | €105,271 | +€27,556 | +35.5% |
| Amounts receivable within one year | 40/41 | €24,394 | €31,330 | +€6,937 | +28.4% |
| Trade receivables | 40 | €24,394 | €31,330 | +€6,937 | +28.4% |
| Cash at bank and in hand | 54/58 | €44,561 | €69,574 | +€25,012 | +56.1% |
| Deferred charges and accrued income | 490/1 | €8,760 | €4,367 | -€4,393 | -50.2% |
| Total equity and liabilities | 10/49 | €129,260 | €142,476 | +€13,216 | +10.2% |
| Equity | 10/15 | €56,951 | €82,527 | +€25,576 | +44.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,359 | €63,935 | +€25,576 | +66.7% |
| Distributable reserves | 133 | €38,359 | €63,935 | +€25,576 | +66.7% |
| Amounts payable | 17/49 | €72,309 | €59,949 | -€12,359 | -17.1% |
| Amounts payable after more than one year | 17 | €717 | - | -€717 | |
| Financial debts | 170/4 | €717 | - | -€717 | |
| Amounts payable within one year | 42/48 | €71,592 | €59,934 | -€11,658 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €10,466 | €717 | -€9,749 | -93.1% |
| Financial debts | 43 | €10,000 | €5,873 | -€4,127 | -41.3% |
| Credit institutions | 430/8 | €10,000 | €5,873 | -€4,127 | -41.3% |
| Trade debts | 44 | €9,470 | €23,855 | +€14,385 | +151.9% |
| Suppliers | 440/4 | €9,470 | €23,855 | +€14,385 | +151.9% |
| Taxes, remuneration and social security | 45 | €4,963 | €17,677 | +€12,714 | +256.2% |
| Taxes | 450/3 | €4,963 | €17,311 | +€12,348 | +248.8% |
| Remuneration and social security | 454/9 | - | €366 | +€366 | |
| Other amounts payable | 47/48 | €36,692 | €11,811 | -€24,881 | -67.8% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Remuneration, social security and pensions | 62 | €6,825 | €7,279 | +€454 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,938 | €21,569 | -€8,370 | -28.0% |
| Other operating charges | 640/8 | €1,572 | €765 | -€807 | -51.3% |
| Non-recurring operating charges | 66A | - | €2,414 | +€2,414 | |
| Gross operating margin | 9900 | €114,284 | €78,641 | -€35,643 | -31.2% |
| Operating profit (loss) | 9901 | €75,949 | €46,615 | -€29,334 | -38.6% |
| Financial income | 75/76B | €1,367 | €433 | -€934 | -68.3% |
| Recurring financial income | 75 | €1,367 | €433 | -€934 | -68.3% |
| Financial charges | 65/66B | €6,510 | €7,326 | +€816 | +12.5% |
| Recurring financial charges | 65 | €6,510 | €7,326 | +€816 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €70,805 | €39,721 | -€31,084 | -43.9% |
| Income taxes | 67/77 | €22,762 | €14,146 | -€8,617 | -37.9% |
| Profit (loss) for the period | 9904 | €48,042 | €25,576 | -€22,467 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,042 | €25,576 | -€22,467 | -46.8% |
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 9 October 2026 via checked.be.