THYS: 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.
THYS
Largest movements
- Tangible fixed assets -€40,951
down €40,951 (-16.3%), from €250,645 to €209,693
- Deferred charges and accrued income -€35,643
no longer reported in 2024 (was €35,643)
- Receivables within one year +€15,912
up €15,912 (+12.0%), from €132,274 to €148,186
of which Other amounts receivable: +€11,816
- Stocks and contracts -€12,550
down €12,550 (-5.8%), from €215,239 to €202,689
- Other debts -€96,775
no longer reported in 2024 (was €96,775)
- Accrued charges and deferred income -€89,392
no longer reported in 2024 (was €89,392)
- Short-term financial debts +€89,002
new in 2024: €89,002
- Trade debts +€80,670
up €80,670 (+214%), from €37,780 to €118,450
- Debts after one year -€33,782
down €33,782 (-30.8%), from €109,672 to €75,890
- Gross operating margin -€49,245
down €49,245 (-33.7%), from €146,320 to €97,075
- Financial income +€8,213
up €8,213 (+857%), from €958 to €9,171
of which Non-recurring financial income: +€8,331
- Financial charges +€4,442
up €4,442 (+46.6%), from €9,534 to €13,975
of which Financial charges: +€4,643
- Staff costs -€1,712
down €1,712 (-2.9%), from €58,715 to €57,002
From the 2023 result to the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €633,801 | €560,569 | -€73,232 | -11.6% |
| Fixed assets | 21/28 | €250,645 | €209,693 | -€40,951 | -16.3% |
| Tangible fixed assets | 22/27 | €250,645 | €209,693 | -€40,951 | -16.3% |
| Land and buildings | 22 | €102,863 | €89,429 | -€13,434 | -13.1% |
| Plant, machinery and equipment | 23 | €60,367 | €50,317 | -€10,050 | -16.6% |
| Furniture and vehicles | 24 | €60,889 | €43,422 | -€17,467 | -28.7% |
| Other tangible fixed assets | 26 | €26,525 | €26,525 | = | 0.0% |
| Current assets | 29/58 | €383,156 | €350,876 | -€32,281 | -8.4% |
| Stocks and contracts in progress | 3 | €215,239 | €202,689 | -€12,550 | -5.8% |
| Stocks | 30/36 | €215,239 | €202,689 | -€12,550 | -5.8% |
| Amounts receivable within one year | 40/41 | €132,274 | €148,186 | +€15,912 | +12.0% |
| Trade receivables | 40 | €132,274 | €136,370 | +€4,096 | +3.1% |
| Other amounts receivable | 41 | - | €11,816 | +€11,816 | |
| Deferred charges and accrued income | 490/1 | €35,643 | - | -€35,643 | |
| Total equity and liabilities | 10/49 | €633,801 | €560,569 | -€73,232 | -11.6% |
| Equity | 10/15 | €192,021 | €165,656 | -€26,365 | -13.7% |
| Contributions | 10/11 | €619,504 | €619,504 | = | 0.0% |
| Capital | 10 | €619,504 | €619,504 | = | 0.0% |
| Issued capital | 100 | €619,504 | €619,504 | = | 0.0% |
| Reserves | 13 | €23,158 | €23,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,166 | €12,166 | = | 0.0% |
| Legal reserve | 130 | €12,166 | €12,166 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,992 | €10,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€450,641 | -€477,006 | -€26,365 | -5.9% |
| Amounts payable | 17/49 | €441,780 | €394,913 | -€46,867 | -10.6% |
| Amounts payable after more than one year | 17 | €109,672 | €75,890 | -€33,782 | -30.8% |
| Financial debts | 170/4 | €109,672 | €75,890 | -€33,782 | -30.8% |
| Amounts payable within one year | 42/48 | €242,716 | €319,022 | +€76,307 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €61,933 | €49,325 | -€12,608 | -20.4% |
| Financial debts | 43 | - | €89,002 | +€89,002 | |
| Credit institutions | 430/8 | - | €89,002 | +€89,002 | |
| Trade debts | 44 | €37,780 | €118,450 | +€80,670 | +214% |
| Suppliers | 440/4 | €37,780 | €118,450 | +€80,670 | +214% |
| Advances received on contracts in progress | 46 | €40,558 | €50,416 | +€9,858 | +24.3% |
| Taxes, remuneration and social security | 45 | €5,669 | €11,830 | +€6,160 | +109% |
| Taxes | 450/3 | €116 | - | -€116 | |
| Remuneration and social security | 454/9 | €5,553 | €11,830 | +€6,277 | +113% |
| Other amounts payable | 47/48 | €96,775 | - | -€96,775 | |
| Accrued charges and deferred income | 492/3 | €89,392 | - | -€89,392 | |
| Non-recurring operating income | 76A | €4,380 | - | -€4,380 | |
| Remuneration, social security and pensions | 62 | €58,715 | €57,002 | -€1,712 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,746 | €43,117 | +€371 | +0.9% |
| Other operating charges | 640/8 | €17,282 | €18,197 | +€915 | +5.3% |
| Gross operating margin | 9900 | €146,320 | €97,075 | -€49,245 | -33.7% |
| Operating profit (loss) | 9901 | €27,577 | -€21,240 | -€48,818 | |
| Financial income | 75/76B | €958 | €9,171 | +€8,213 | +857% |
| Recurring financial income | 75 | €304 | €186 | -€118 | -38.9% |
| Non-recurring financial income | 76B | €654 | €8,985 | +€8,331 | +1,273% |
| Financial charges | 65/66B | €9,534 | €13,975 | +€4,442 | +46.6% |
| Recurring financial charges | 65 | €9,329 | €13,972 | +€4,643 | +49.8% |
| Non-recurring financial charges | 66B | €205 | €4 | -€201 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €19,002 | -€26,045 | -€45,047 | |
| Income taxes | 67/77 | €417 | €320 | -€97 | -23.3% |
| Profit (loss) for the period | 9904 | €18,585 | -€26,365 | -€44,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,585 | -€26,365 | -€44,950 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.