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
- Cash +€39,858
up €39,858 (+59.8%), from €66,636 to €106,494
mainly Trade debts (+€71,324) and Depreciation (+€40,040)
- Tangible fixed assets +€24,101
up €24,101 (+40.0%), from €60,263 to €84,364
of which Furniture and vehicles: +€40,249
- Stocks and contracts +€11,112
up €11,112 (+2.7%), from €418,962 to €430,074
- Trade debts +€71,324
up €71,324 (+67.4%), from €105,828 to €177,152
- Profit (loss) carried forward +€16,534
up €16,534 (+4.2%), from €391,548 to €408,082
- Staff costs -€20,195
down €20,195 (-10.8%), from €187,292 to €167,098
- Depreciation +€14,868
up €14,868 (+59.1%), from €25,172 to €40,040
- Financial charges +€9,068
up €9,068 (+257.9%), from €3,515 to €12,583
- Gross operating margin -€2,820
down €2,820 (-1.1%), from €248,425 to €245,605
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
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 | €675,796 | €757,294 | +€81,498 | +12.1% |
| Fixed assets | 21/28 | €70,747 | €100,229 | +€29,482 | +41.7% |
| Intangible fixed assets | 21 | - | €5,381 | +€5,381 | |
| Tangible fixed assets | 22/27 | €60,263 | €84,364 | +€24,101 | +40.0% |
| Plant, machinery and equipment | 23 | €17,502 | €6,631 | -€10,871 | -62.1% |
| Furniture and vehicles | 24 | €21,661 | €61,910 | +€40,249 | +185.8% |
| Other tangible fixed assets | 26 | €21,100 | €15,823 | -€5,277 | -25.0% |
| Financial fixed assets | 28 | €10,484 | €10,484 | = | 0.0% |
| Current assets | 29/58 | €605,049 | €657,065 | +€52,016 | +8.6% |
| Stocks and contracts in progress | 3 | €418,962 | €430,074 | +€11,112 | +2.7% |
| Stocks | 30/36 | €418,962 | €430,074 | +€11,112 | +2.7% |
| Amounts receivable within one year | 40/41 | €107,046 | €104,301 | -€2,745 | -2.6% |
| Trade receivables | 40 | €38,329 | €34,425 | -€3,904 | -10.2% |
| Other amounts receivable | 41 | €68,717 | €69,876 | +€1,159 | +1.7% |
| Cash at bank and in hand | 54/58 | €66,636 | €106,494 | +€39,858 | +59.8% |
| Deferred charges and accrued income | 490/1 | €12,406 | €16,196 | +€3,791 | +30.6% |
| Total equity and liabilities | 10/49 | €675,796 | €757,294 | +€81,498 | +12.1% |
| Equity | 10/15 | €513,236 | €529,770 | +€16,534 | +3.2% |
| Contributions | 10/11 | €55,121 | €55,121 | = | 0.0% |
| Reserves | 13 | €66,566 | €66,566 | = | 0.0% |
| Distributable reserves | 133 | €66,566 | €66,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,548 | €408,082 | +€16,534 | +4.2% |
| Amounts payable | 17/49 | €162,560 | €227,525 | +€64,964 | +40.0% |
| Amounts payable within one year | 42/48 | €160,766 | €227,490 | +€66,724 | +41.5% |
| Trade debts | 44 | €105,828 | €177,152 | +€71,324 | +67.4% |
| Suppliers | 440/4 | €105,828 | €177,152 | +€71,324 | +67.4% |
| Taxes, remuneration and social security | 45 | €39,958 | €34,315 | -€5,643 | -14.1% |
| Taxes | 450/3 | €15,598 | €13,650 | -€1,948 | -12.5% |
| Remuneration and social security | 454/9 | €24,359 | €20,665 | -€3,695 | -15.2% |
| Other amounts payable | 47/48 | €14,980 | €16,023 | +€1,043 | +7.0% |
| Accrued charges and deferred income | 492/3 | €1,794 | €35 | -€1,759 | -98.0% |
| Non-recurring operating income | 76A | €160 | €330 | +€170 | +106.3% |
| Remuneration, social security and pensions | 62 | €187,292 | €167,098 | -€20,195 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,172 | €40,040 | +€14,868 | +59.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,338 | +€1,338 | |
| Other operating charges | 640/8 | €7,914 | €7,129 | -€785 | -9.9% |
| Gross operating margin | 9900 | €248,425 | €245,605 | -€2,820 | -1.1% |
| Operating profit (loss) | 9901 | €28,047 | €30,000 | +€1,954 | +7.0% |
| Financial income | 75/76B | €4,675 | €5,314 | +€639 | +13.7% |
| Recurring financial income | 75 | €4,675 | €5,314 | +€639 | +13.7% |
| Financial charges | 65/66B | €3,515 | €12,583 | +€9,068 | +257.9% |
| Recurring financial charges | 65 | €3,515 | €12,583 | +€9,068 | +257.9% |
| Profit (loss) for the period before taxes | 9903 | €29,206 | €22,731 | -€6,475 | -22.2% |
| Income taxes | 67/77 | €7,205 | €6,197 | -€1,008 | -14.0% |
| Profit (loss) for the period | 9904 | €22,001 | €16,534 | -€5,467 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,001 | €16,534 | -€5,467 | -24.9% |
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 12 October 2026 via checked.be.