THYMACO: 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.
THYMACO
Largest movements
- Receivables after one year -€51,865
down €51,865 (-41.6%), from €124,712 to €72,848
- Receivables within one year +€50,022
up €50,022 (+135.6%), from €36,899 to €86,920
of which Other amounts receivable: +€50,447
- Tax, wage and social debts -€6,985
down €6,985 (-45.7%), from €15,276 to €8,291
- Reserves +€6,035
up €6,035 (+5.5%), from €108,847 to €114,882
of which Distributable reserves: +€6,035
- Advances received +€5,615
new in 2025: €5,615
- Short-term financial debts -€3,240
down €3,240 (-19.5%), from €16,616 to €13,376
- Gross operating margin -€9,937
down €9,937 (-54.6%), from €18,211 to €8,274
- Taxes -€2,916
down €2,916 (-40.3%), from €7,228 to €4,312
- Financial charges -€902
down €902 (-32.1%), from €2,806 to €1,904
- Financial income +€376
up €376 (+8.0%), from €4,674 to €5,050
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
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 | €162,127 | €160,568 | -€1,560 | -1.0% |
| Fixed assets | 21/28 | €420 | €315 | -€105 | -25.0% |
| Tangible fixed assets | 22/27 | €420 | €315 | -€105 | -25.0% |
| Other tangible fixed assets | 26 | €420 | €315 | -€105 | -25.0% |
| Current assets | 29/58 | €161,708 | €160,253 | -€1,455 | -0.9% |
| Amounts receivable after more than one year | 29 | €124,712 | €72,848 | -€51,865 | -41.6% |
| Other amounts receivable | 291 | €124,712 | €72,848 | -€51,865 | -41.6% |
| Amounts receivable within one year | 40/41 | €36,899 | €86,920 | +€50,022 | +135.6% |
| Trade receivables | 40 | €556 | €130 | -€425 | -76.5% |
| Other amounts receivable | 41 | €36,343 | €86,790 | +€50,447 | +138.8% |
| Deferred charges and accrued income | 490/1 | €97 | €485 | +€388 | +402.1% |
| Total equity and liabilities | 10/49 | €162,127 | €160,568 | -€1,560 | -1.0% |
| Equity | 10/15 | €125,059 | €131,095 | +€6,035 | +4.8% |
| Contributions | 10/11 | €16,213 | €16,213 | = | 0.0% |
| Reserves | 13 | €108,847 | €114,882 | +€6,035 | +5.5% |
| Non-distributable reserves | 130/1 | €2,181 | €2,181 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,181 | €2,181 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,262 | €5,262 | = | 0.0% |
| Distributable reserves | 133 | €101,403 | €107,439 | +€6,035 | +6.0% |
| Amounts payable | 17/49 | €37,068 | €29,473 | -€7,595 | -20.5% |
| Amounts payable after more than one year | 17 | €737 | - | -€737 | |
| Financial debts | 170/4 | €737 | - | -€737 | |
| Amounts payable within one year | 42/48 | €36,331 | €29,473 | -€6,858 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €2,115 | €737 | -€1,378 | -65.1% |
| Financial debts | 43 | €16,616 | €13,376 | -€3,240 | -19.5% |
| Credit institutions | 430/8 | €16,616 | €13,376 | -€3,240 | -19.5% |
| Trade debts | 44 | €2,324 | €1,454 | -€870 | -37.4% |
| Suppliers | 440/4 | €2,324 | €1,454 | -€870 | -37.4% |
| Advances received on contracts in progress | 46 | - | €5,615 | +€5,615 | |
| Taxes, remuneration and social security | 45 | €15,276 | €8,291 | -€6,985 | -45.7% |
| Taxes | 450/3 | €15,276 | €8,291 | -€6,985 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €105 | = | 0.0% |
| Other operating charges | 640/8 | €867 | €966 | +€99 | +11.4% |
| Gross operating margin | 9900 | €18,211 | €8,274 | -€9,937 | -54.6% |
| Operating profit (loss) | 9901 | €17,239 | €7,202 | -€10,036 | -58.2% |
| Financial income | 75/76B | €4,674 | €5,050 | +€376 | +8.0% |
| Recurring financial income | 75 | €4,674 | €5,050 | +€376 | +8.0% |
| Financial charges | 65/66B | €2,806 | €1,904 | -€902 | -32.1% |
| Recurring financial charges | 65 | €2,806 | €1,904 | -€902 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €19,106 | €10,348 | -€8,759 | -45.8% |
| Income taxes | 67/77 | €7,228 | €4,312 | -€2,916 | -40.3% |
| Profit (loss) for the period | 9904 | €11,878 | €6,035 | -€5,843 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,878 | €6,035 | -€5,843 | -49.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.