THYRSIS: 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.
THYRSIS
Largest movements
- Cash -€29,190
down €29,190 (-9.9%), from €294,889 to €265,699
mainly Contributions, distributions and other (-€36,606) and Receivables within one year (-€23,234)
- Receivables within one year +€23,234
up €23,234 (+81.3%), from €28,592 to €51,826
of which Other amounts receivable: +€24,255
- Tangible fixed assets +€10,271
up €10,271 (+236%), from €4,345 to €14,616
of which Furniture and vehicles: +€8,601
- Other debts +€15,226
up €15,226 (+79.4%), from €19,184 to €34,411
- Tax, wage and social debts -€6,423
down €6,423 (-63.6%), from €10,103 to €3,680
- Reserves -€5,751
down €5,751 (-5.7%), from €101,559 to €95,808
of which Distributable reserves: -€5,751
- Gross operating margin -€25,136
down €25,136 (-34.9%), from €71,923 to €46,787
- Taxes -€5,616
down €5,616 (-28.5%), from €19,698 to €14,082
- Depreciation -€1,424
no longer reported in 2025 (was €1,424)
- Other operating charges +€1,338
up €1,338 (+193%), from €692 to €2,030
- Financial income +€1,301
up €1,301 (+192%), from €679 to €1,980
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 | €337,270 | €341,171 | +€3,901 | +1.2% |
| Fixed assets | 21/28 | €4,395 | €14,666 | +€10,271 | +234% |
| Tangible fixed assets | 22/27 | €4,345 | €14,616 | +€10,271 | +236% |
| Plant, machinery and equipment | 23 | - | €1,670 | +€1,670 | |
| Furniture and vehicles | 24 | €4,345 | €12,946 | +€8,601 | +198% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €332,875 | €326,505 | -€6,370 | -1.9% |
| Amounts receivable within one year | 40/41 | €28,592 | €51,826 | +€23,234 | +81.3% |
| Trade receivables | 40 | €18,808 | €17,787 | -€1,021 | -5.4% |
| Other amounts receivable | 41 | €9,784 | €34,039 | +€24,255 | +248% |
| Cash at bank and in hand | 54/58 | €294,889 | €265,699 | -€29,190 | -9.9% |
| Deferred charges and accrued income | 490/1 | €9,395 | €8,981 | -€414 | -4.4% |
| Total equity and liabilities | 10/49 | €337,270 | €341,171 | +€3,901 | +1.2% |
| Equity | 10/15 | €307,915 | €302,164 | -€5,751 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,559 | €95,808 | -€5,751 | -5.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €99,559 | €93,808 | -€5,751 | -5.8% |
| Profit (loss) carried forward | 14 | €200,156 | €200,156 | = | 0.0% |
| Amounts payable | 17/49 | €29,355 | €39,007 | +€9,652 | +32.9% |
| Amounts payable within one year | 42/48 | €29,355 | €39,007 | +€9,652 | +32.9% |
| Trade debts | 44 | €67 | €916 | +€849 | +1,260% |
| Suppliers | 440/4 | €67 | €916 | +€849 | +1,260% |
| Taxes, remuneration and social security | 45 | €10,103 | €3,680 | -€6,423 | -63.6% |
| Taxes | 450/3 | €10,103 | €3,680 | -€6,423 | -63.6% |
| Other amounts payable | 47/48 | €19,184 | €34,411 | +€15,226 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | - | -€1,424 | |
| Other operating charges | 640/8 | €692 | €2,030 | +€1,338 | +193% |
| Gross operating margin | 9900 | €71,923 | €46,787 | -€25,136 | -34.9% |
| Operating profit (loss) | 9901 | €69,808 | €44,758 | -€25,050 | -35.9% |
| Financial income | 75/76B | €679 | €1,980 | +€1,301 | +192% |
| Recurring financial income | 75 | €679 | €1,980 | +€1,301 | +192% |
| Financial charges | 65/66B | €2,072 | €1,800 | -€272 | -13.1% |
| Recurring financial charges | 65 | €2,072 | €1,800 | -€272 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €68,414 | €44,937 | -€23,477 | -34.3% |
| Income taxes | 67/77 | €19,698 | €14,082 | -€5,616 | -28.5% |
| Profit (loss) for the period | 9904 | €48,716 | €30,855 | -€17,861 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,716 | €30,855 | -€17,861 | -36.7% |
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 28 October 2026 via checked.be.