Thylo: 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.
Thylo
Largest movements
- Receivables within one year +€90,010
up €90,010 (+824%), from €10,925 to €100,935
of which Other amounts receivable: +€90,010
- Financial fixed assets +€50,000
new in 2025: €50,000
- Cash -€45,081
down €45,081 (-73.5%), from €61,360 to €16,279
mainly Contributions, distributions and other (-€129,657) and Receivables within one year (-€90,010)
- Tangible fixed assets -€31,659
down €31,659 (-98.5%), from €32,135 to €476
of which Plant, machinery and equipment: -€25,619
- Other debts +€118,982
up €118,982, from €0 to €118,982
- Profit (loss) carried forward -€61,182
down €61,182 (-100%), from €61,182 to €0
- Trade debts +€4,457
up €4,457 (+84.2%), from €5,290 to €9,747
- Depreciation -€15,480
down €15,480 (-71.9%), from €21,520 to €6,040
- Gross operating margin +€11,476
up €11,476 (+12.7%), from €90,309 to €101,785
- Taxes +€10,133
up €10,133 (+65.5%), from €15,475 to €25,608
- Financial charges -€1,519
down €1,519 (-76.5%), from €1,986 to €467
- Financial income -€1,465
down €1,465 (-100%), from €1,465 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 | €105,327 | €169,187 | +€63,860 | +60.6% |
| Fixed assets | 21/28 | €32,135 | €50,476 | +€18,341 | +57.1% |
| Tangible fixed assets | 22/27 | €32,135 | €476 | -€31,659 | -98.5% |
| Plant, machinery and equipment | 23 | €25,619 | €0 | -€25,619 | -100% |
| Furniture and vehicles | 24 | €6,516 | €476 | -€6,040 | -92.7% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €73,192 | €118,712 | +€45,520 | +62.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,925 | €100,935 | +€90,010 | +824% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,925 | €100,935 | +€90,010 | +824% |
| Cash at bank and in hand | 54/58 | €61,360 | €16,279 | -€45,081 | -73.5% |
| Deferred charges and accrued income | 490/1 | €907 | €1,497 | +€590 | +65.0% |
| Total equity and liabilities | 10/49 | €105,327 | €169,187 | +€63,860 | +60.6% |
| Equity | 10/15 | €64,182 | €3,000 | -€61,182 | -95.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,182 | €0 | -€61,182 | -100% |
| Amounts payable | 17/49 | €41,144 | €166,187 | +€125,043 | +304% |
| Amounts payable within one year | 42/48 | €41,100 | €166,142 | +€125,042 | +304% |
| Trade debts | 44 | €5,290 | €9,747 | +€4,457 | +84.2% |
| Suppliers | 440/4 | €5,290 | €9,747 | +€4,457 | +84.2% |
| Taxes, remuneration and social security | 45 | €35,810 | €37,413 | +€1,603 | +4.5% |
| Taxes | 450/3 | €33,310 | €33,913 | +€603 | +1.8% |
| Remuneration and social security | 454/9 | €2,500 | €3,500 | +€1,000 | +40.0% |
| Other amounts payable | 47/48 | €0 | €118,982 | +€118,982 | |
| Accrued charges and deferred income | 492/3 | €44 | €45 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,520 | €6,040 | -€15,480 | -71.9% |
| Other operating charges | 640/8 | €1,112 | €1,196 | +€84 | +7.6% |
| Gross operating margin | 9900 | €90,309 | €101,785 | +€11,476 | +12.7% |
| Operating profit (loss) | 9901 | €67,678 | €94,549 | +€26,872 | +39.7% |
| Financial income | 75/76B | €1,465 | €0 | -€1,465 | -100% |
| Recurring financial income | 75 | €1,465 | €0 | -€1,465 | -100% |
| Financial charges | 65/66B | €1,986 | €467 | -€1,519 | -76.5% |
| Recurring financial charges | 65 | €1,986 | €467 | -€1,519 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €67,157 | €94,083 | +€26,926 | +40.1% |
| Income taxes | 67/77 | €15,475 | €25,608 | +€10,133 | +65.5% |
| Profit (loss) for the period | 9904 | €51,682 | €68,475 | +€16,793 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,682 | €68,475 | +€16,793 | +32.5% |
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 16 October 2026 via checked.be.