Thyme Invest: 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.
Thyme Invest
Largest movements
- Tangible fixed assets -€39,866
down €39,866 (-8.3%), from €478,133 to €438,267
of which Land and buildings: -€32,894
- Cash -€29,789
down €29,789 (-90.1%), from €33,073 to €3,285
mainly Net result for the year (-€123,826) and Debts after one year (-€30,300)
- Receivables within one year -€21,710
down €21,710 (-81.1%), from €26,759 to €5,049
of which Trade receivables: -€16,761
- Profit (loss) carried forward -€121,966
down €121,966 (-79.2%), from -€153,924 to -€275,891
- Other debts +€62,333
up €62,333 (+155%), from €40,275 to €102,609
- Debts after one year -€30,300
down €30,300 (-23.2%), from €130,508 to €100,207
- Taxes -€21,129
down €21,129 (-94.1%), from €22,446 to €1,317
- Gross operating margin +€9,008
up €9,008 (+10.3%), from -€87,230 to -€78,222
- Staff costs -€8,340
down €8,340 (-100%), from €8,340 to €0
- Financial charges +€2,986
up €2,986 (+132%), from €2,261 to €5,248
- Depreciation +€1,830
up €1,830 (+5.6%), from €32,958 to €34,787
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 | €541,284 | €448,987 | -€92,297 | -17.1% |
| Fixed assets | 21/28 | €478,133 | €438,267 | -€39,866 | -8.3% |
| Tangible fixed assets | 22/27 | €478,133 | €438,267 | -€39,866 | -8.3% |
| Land and buildings | 22 | €442,377 | €409,483 | -€32,894 | -7.4% |
| Plant, machinery and equipment | 23 | €5,508 | €2,983 | -€2,525 | -45.8% |
| Furniture and vehicles | 24 | €20,030 | €15,584 | -€4,446 | -22.2% |
| Other tangible fixed assets | 26 | €10,217 | €10,217 | = | 0.0% |
| Current assets | 29/58 | €63,151 | €10,720 | -€52,431 | -83.0% |
| Amounts receivable within one year | 40/41 | €26,759 | €5,049 | -€21,710 | -81.1% |
| Trade receivables | 40 | €16,761 | €0 | -€16,761 | -100% |
| Other amounts receivable | 41 | €9,998 | €5,049 | -€4,949 | -49.5% |
| Cash at bank and in hand | 54/58 | €33,073 | €3,285 | -€29,789 | -90.1% |
| Deferred charges and accrued income | 490/1 | €3,319 | €2,387 | -€932 | -28.1% |
| Total equity and liabilities | 10/49 | €541,284 | €448,987 | -€92,297 | -17.1% |
| Equity | 10/15 | €333,507 | €209,680 | -€123,826 | -37.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €481,231 | €479,371 | -€1,860 | -0.4% |
| Distributable reserves | 133 | €481,231 | €479,371 | -€1,860 | -0.4% |
| Profit (loss) carried forward | 14 | -€153,924 | -€275,891 | -€121,966 | -79.2% |
| Amounts payable | 17/49 | €207,777 | €239,307 | +€31,530 | +15.2% |
| Amounts payable after more than one year | 17 | €130,508 | €100,207 | -€30,300 | -23.2% |
| Financial debts | 170/4 | €130,508 | €100,207 | -€30,300 | -23.2% |
| Amounts payable within one year | 42/48 | €77,269 | €135,915 | +€58,645 | +75.9% |
| Current portion of amounts payable after more than one year | 42 | €30,053 | €30,300 | +€247 | +0.8% |
| Trade debts | 44 | €4,758 | €876 | -€3,882 | -81.6% |
| Suppliers | 440/4 | €4,758 | €876 | -€3,882 | -81.6% |
| Taxes, remuneration and social security | 45 | €2,183 | €2,130 | -€53 | -2.4% |
| Taxes | 450/3 | €2,183 | €2,130 | -€53 | -2.4% |
| Other amounts payable | 47/48 | €40,275 | €102,609 | +€62,333 | +155% |
| Accrued charges and deferred income | 492/3 | - | €3,185 | +€3,185 | |
| Non-recurring operating income | 76A | - | €429 | +€429 | |
| Remuneration, social security and pensions | 62 | €8,340 | €0 | -€8,340 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,958 | €34,787 | +€1,830 | +5.6% |
| Other operating charges | 640/8 | €5,362 | €4,253 | -€1,109 | -20.7% |
| Gross operating margin | 9900 | -€87,230 | -€78,222 | +€9,008 | +10.3% |
| Operating profit (loss) | 9901 | -€133,890 | -€117,262 | +€16,628 | +12.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,261 | €5,248 | +€2,986 | +132% |
| Recurring financial charges | 65 | €2,261 | €5,248 | +€2,986 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€136,151 | -€122,510 | +€13,641 | +10.0% |
| Income taxes | 67/77 | €22,446 | €1,317 | -€21,129 | -94.1% |
| Profit (loss) for the period | 9904 | -€158,597 | -€123,826 | +€34,770 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,597 | -€123,826 | +€34,770 | +21.9% |
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 22 October 2026 via checked.be.