THYMOLUX: 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.
THYMOLUX
Largest movements
- Cash +€1.1m
up €1.1m (+73.3%), from €1.5m to €2.6m
mainly Net result for the year (+€1.6m) and Depreciation (+€578,757)
- Tangible fixed assets -€573,963
down €573,963 (-22.7%), from €2.5m to €2.0m
of which Land and buildings: -€408,541
- Receivables within one year +€334,197
up €334,197 (+23.9%), from €1.4m to €1.7m
of which Trade receivables: +€427,961
- Profit (loss) carried forward +€1.6m
new in 2025: €1.6m
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Tax, wage and social debts +€319,481
up €319,481 (+66.5%), from €480,398 to €799,879
of which Taxes: +€280,418
- Trade debts +€129,186
up €129,186 (+19.5%), from €661,184 to €790,370
- Investment grants -€70,858
down €70,858 (-30.8%), from €230,289 to €159,431
- Turnover +€2.7m
up €2.7m (+70.5%), from €3.8m to €6.4m
- Gross operating margin +€2.2m
up €2.2m (+102%), from €2.1m to €4.3m
- Taxes +€519,175
up €519,175, from -€3,573 to €515,602
- Purchases and services +€360,239
up €360,239 (+21.5%), from €1.7m to €2.0m
- Staff costs +€93,659
up €93,659 (+6.1%), from €1.5m to €1.6m
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 | €5,635,784 | €6,462,453 | +€826,669 | +14.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,528,432 | €1,954,469 | -€573,963 | -22.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,528,432 | €1,954,469 | -€573,963 | -22.7% |
| Land and buildings | 22 | €1,379,738 | €971,197 | -€408,541 | -29.6% |
| Plant, machinery and equipment | 23 | €1,148,694 | €983,272 | -€165,422 | -14.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €3,107,352 | €4,507,984 | +€1.4m | +45.1% |
| Stocks and contracts in progress | 3 | €224,716 | €204,735 | -€19,981 | -8.9% |
| Stocks | 30/36 | €224,716 | €204,735 | -€19,981 | -8.9% |
| Amounts receivable within one year | 40/41 | €1,398,638 | €1,732,835 | +€334,197 | +23.9% |
| Trade receivables | 40 | €1,282,649 | €1,710,610 | +€427,961 | +33.4% |
| Other amounts receivable | 41 | €115,990 | €22,226 | -€93,764 | -80.8% |
| Cash at bank and in hand | 54/58 | €1,483,397 | €2,570,414 | +€1.1m | +73.3% |
| Deferred charges and accrued income | 490/1 | €601 | €0 | -€601 | -100% |
| Total equity and liabilities | 10/49 | €5,635,784 | €6,462,453 | +€826,669 | +14.7% |
| Equity | 10/15 | €3,314,883 | €4,872,204 | +€1.6m | +47.0% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €584,593 | €584,593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €334,593 | €334,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,628,180 | +€1.6m | |
| Investment grants | 15 | €230,289 | €159,431 | -€70,858 | -30.8% |
| Amounts payable | 17/49 | €2,320,901 | €1,590,249 | -€730,652 | -31.5% |
| Amounts payable within one year | 42/48 | €2,320,901 | €1,590,249 | -€730,652 | -31.5% |
| Trade debts | 44 | €661,184 | €790,370 | +€129,186 | +19.5% |
| Suppliers | 440/4 | €661,184 | €790,370 | +€129,186 | +19.5% |
| Taxes, remuneration and social security | 45 | €480,398 | €799,879 | +€319,481 | +66.5% |
| Taxes | 450/3 | €231,077 | €511,495 | +€280,418 | +121% |
| Remuneration and social security | 454/9 | €249,322 | €288,385 | +€39,063 | +15.7% |
| Other amounts payable | 47/48 | €1,179,319 | - | -€1.2m | |
| Turnover | 70 | €3,761,455 | €6,413,250 | +€2.7m | +70.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,677,933 | €2,038,172 | +€360,239 | +21.5% |
| Remuneration, social security and pensions | 62 | €1,527,047 | €1,620,706 | +€93,659 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553,295 | €578,757 | +€25,463 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,258 | -€1,889 | -€7,147 | |
| Other operating charges | 640/8 | €63,434 | €33,225 | -€30,208 | -47.6% |
| Gross operating margin | 9900 | €2,125,957 | €4,302,188 | +€2.2m | +102% |
| Operating profit (loss) | 9901 | -€23,075 | €2,071,389 | +€2.1m | |
| Financial income | 75/76B | €72,386 | €72,890 | +€504 | +0.7% |
| Recurring financial income | 75 | €72,386 | €72,820 | +€433 | +0.6% |
| Non-recurring financial income | 76B | - | €70 | +€70 | |
| Financial charges | 65/66B | €304 | €498 | +€194 | +63.7% |
| Recurring financial charges | 65 | €304 | €498 | +€194 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €49,007 | €2,143,781 | +€2.1m | +4,274% |
| Income taxes | 67/77 | -€3,573 | €515,602 | +€519,175 | |
| Profit (loss) for the period | 9904 | €52,580 | €1,628,180 | +€1.6m | +2,997% |
| Profit (loss) for the period to be appropriated | 9905 | €52,580 | €1,628,180 | +€1.6m | +2,997% |
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 15 October 2026 via checked.be.