THYM: 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.
THYM
Largest movements
- Receivables within one year +€213,287
up €213,287 (+48.4%), from €440,808 to €654,095
of which Trade receivables: +€215,316
- Tangible fixed assets -€14,290
down €14,290 (-90.9%), from €15,715 to €1,426
of which Furniture and vehicles: -€13,048
- Deferred charges and accrued income +€8,911
up €8,911 (+108%), from €8,225 to €17,136
- Trade debts +€179,327
up €179,327 (+116%), from €154,043 to €333,371
- Profit (loss) carried forward +€28,394
up €28,394 (+95.4%), from €29,761 to €58,156
- Other debts +€22,211
up €22,211 (+350%), from €6,343 to €28,555
- Current portion of long-term debt -€12,898
no longer reported in 2025 (was €12,898)
- Debts after one year -€10,190
no longer reported in 2025 (was €10,190)
- Depreciation -€86,111
down €86,111 (-98.6%), from €87,353 to €1,242
- Gross operating margin -€59,917
down €59,917 (-38.5%), from €155,646 to €95,729
- Other operating charges +€6,127
up €6,127 (+107%), from €5,710 to €11,837
- Taxes +€4,411
up €4,411 (+41.2%), from €10,715 to €15,126
- Staff costs -€3,471
down €3,471 (-9.1%), from €38,120 to €34,650
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,998 | €674,906 | +€207,908 | +44.5% |
| Fixed assets | 21/28 | €17,965 | €3,676 | -€14,290 | -79.5% |
| Tangible fixed assets | 22/27 | €15,715 | €1,426 | -€14,290 | -90.9% |
| Plant, machinery and equipment | 23 | €2,667 | €1,426 | -€1,242 | -46.6% |
| Furniture and vehicles | 24 | €13,048 | €0 | -€13,048 | -100% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €449,033 | €671,230 | +€222,198 | +49.5% |
| Amounts receivable within one year | 40/41 | €440,808 | €654,095 | +€213,287 | +48.4% |
| Trade receivables | 40 | €430,234 | €645,550 | +€215,316 | +50.0% |
| Other amounts receivable | 41 | €10,574 | €8,545 | -€2,029 | -19.2% |
| Deferred charges and accrued income | 490/1 | €8,225 | €17,136 | +€8,911 | +108% |
| Total equity and liabilities | 10/49 | €466,998 | €674,906 | +€207,908 | +44.5% |
| Equity | 10/15 | €170,541 | €198,935 | +€28,394 | +16.6% |
| Contributions | 10/11 | €12,401 | €12,401 | = | 0.0% |
| Reserves | 13 | €128,378 | €128,378 | = | 0.0% |
| Distributable reserves | 133 | €128,378 | €128,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,761 | €58,156 | +€28,394 | +95.4% |
| Amounts payable | 17/49 | €296,458 | €475,971 | +€179,514 | +60.6% |
| Amounts payable after more than one year | 17 | €10,190 | - | -€10,190 | |
| Financial debts | 170/4 | €10,190 | - | -€10,190 | |
| Amounts payable within one year | 42/48 | €196,051 | €385,755 | +€189,704 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €12,898 | - | -€12,898 | |
| Financial debts | 43 | €17,233 | €9,697 | -€7,536 | -43.7% |
| Credit institutions | 430/8 | €17,233 | €9,697 | -€7,536 | -43.7% |
| Trade debts | 44 | €154,043 | €333,371 | +€179,327 | +116% |
| Suppliers | 440/4 | €154,043 | €333,371 | +€179,327 | +116% |
| Taxes, remuneration and social security | 45 | €5,533 | €14,133 | +€8,600 | +155% |
| Taxes | 450/3 | €874 | €848 | -€26 | -2.9% |
| Remuneration and social security | 454/9 | €4,660 | €13,285 | +€8,625 | +185% |
| Other amounts payable | 47/48 | €6,343 | €28,555 | +€22,211 | +350% |
| Accrued charges and deferred income | 492/3 | €90,216 | €90,216 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,120 | €34,650 | -€3,471 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,353 | €1,242 | -€86,111 | -98.6% |
| Other operating charges | 640/8 | €5,710 | €11,837 | +€6,127 | +107% |
| Non-recurring operating charges | 66A | €2,238 | - | -€2,238 | |
| Gross operating margin | 9900 | €155,646 | €95,729 | -€59,917 | -38.5% |
| Operating profit (loss) | 9901 | €22,224 | €48,001 | +€25,777 | +116% |
| Financial income | 75/76B | €215 | €132 | -€84 | -38.8% |
| Recurring financial income | 75 | €215 | €132 | -€84 | -38.8% |
| Financial charges | 65/66B | €4,139 | €4,612 | +€472 | +11.4% |
| Recurring financial charges | 65 | €4,139 | €4,612 | +€472 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €18,300 | €43,521 | +€25,221 | +138% |
| Income taxes | 67/77 | €10,715 | €15,126 | +€4,411 | +41.2% |
| Profit (loss) for the period | 9904 | €7,585 | €28,394 | +€20,810 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €7,585 | €28,394 | +€20,810 | +274% |
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 19 October 2026 via checked.be.