THYS AND CO: 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 AND CO
Largest movements
- Intangible fixed assets -€13,500
down €13,500 (-13.9%), from €96,941 to €83,441
- Cash -€7,847
down €7,847 (-34.7%), from €22,631 to €14,785
mainly Debts after one year (-€18,698) and Advances received (-€16,250)
- Debts after one year -€18,698
down €18,698 (-22.5%), from €82,922 to €64,223
- Advances received -€16,250
no longer reported in 2025 (was €16,250)
- Accrued charges and deferred income +€13,510
new in 2025: €13,510
- Profit (loss) carried forward -€9,901
down €9,901 (-46.1%), from €21,475 to €11,575
- Trade debts +€7,140
up €7,140 (+56.1%), from €12,720 to €19,859
- Gross operating margin +€8,031
up €8,031 (+10.1%), from €79,360 to €87,391
- Staff costs +€2,769
up €2,769 (+4.8%), from €57,848 to €60,617
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 | €181,589 | €160,966 | -€20,623 | -11.4% |
| Fixed assets | 21/28 | €111,805 | €100,040 | -€11,764 | -10.5% |
| Intangible fixed assets | 21 | €96,941 | €83,441 | -€13,500 | -13.9% |
| Tangible fixed assets | 22/27 | €13,424 | €15,159 | +€1,736 | +12.9% |
| Plant, machinery and equipment | 23 | €2,026 | €1,535 | -€491 | -24.2% |
| Furniture and vehicles | 24 | €11,398 | €13,624 | +€2,226 | +19.5% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €69,784 | €60,925 | -€8,859 | -12.7% |
| Amounts receivable within one year | 40/41 | €45,693 | €45,666 | -€27 | -0.1% |
| Trade receivables | 40 | €4,084 | €16,418 | +€12,334 | +302% |
| Other amounts receivable | 41 | €41,609 | €29,248 | -€12,362 | -29.7% |
| Cash at bank and in hand | 54/58 | €22,631 | €14,785 | -€7,847 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,460 | €475 | -€985 | -67.5% |
| Total equity and liabilities | 10/49 | €181,589 | €160,966 | -€20,623 | -11.4% |
| Equity | 10/15 | €25,475 | €15,575 | -€9,901 | -38.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,475 | €11,575 | -€9,901 | -46.1% |
| Amounts payable | 17/49 | €156,113 | €145,391 | -€10,722 | -6.9% |
| Amounts payable after more than one year | 17 | €82,922 | €64,223 | -€18,698 | -22.5% |
| Financial debts | 170/4 | €82,922 | €64,223 | -€18,698 | -22.5% |
| Amounts payable within one year | 42/48 | €73,192 | €67,657 | -€5,534 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €24,178 | €26,747 | +€2,569 | +10.6% |
| Trade debts | 44 | €12,720 | €19,859 | +€7,140 | +56.1% |
| Suppliers | 440/4 | €12,720 | €19,859 | +€7,140 | +56.1% |
| Advances received on contracts in progress | 46 | €16,250 | - | -€16,250 | |
| Taxes, remuneration and social security | 45 | €15,265 | €11,051 | -€4,214 | -27.6% |
| Taxes | 450/3 | €1,474 | €26 | -€1,448 | -98.3% |
| Remuneration and social security | 454/9 | €13,791 | €11,025 | -€2,766 | -20.1% |
| Other amounts payable | 47/48 | €4,779 | €10,000 | +€5,221 | +109% |
| Accrued charges and deferred income | 492/3 | - | €13,510 | +€13,510 | |
| Non-recurring operating income | 76A | €1,455 | - | -€1,455 | |
| Remuneration, social security and pensions | 62 | €57,848 | €60,617 | +€2,769 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,482 | €17,336 | -€147 | -0.8% |
| Other operating charges | 640/8 | €1,020 | €766 | -€254 | -24.9% |
| Non-recurring operating charges | 66A | €335 | €2,315 | +€1,980 | +592% |
| Gross operating margin | 9900 | €79,360 | €87,391 | +€8,031 | +10.1% |
| Operating profit (loss) | 9901 | €2,674 | €6,357 | +€3,683 | +138% |
| Financial income | 75/76B | €361 | - | -€361 | |
| Recurring financial income | 75 | €361 | - | -€361 | |
| Financial charges | 65/66B | €5,659 | €6,111 | +€452 | +8.0% |
| Recurring financial charges | 65 | €5,659 | €6,111 | +€452 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,624 | €246 | +€2,870 | |
| Income taxes | 67/77 | €169 | €147 | -€22 | -13.1% |
| Profit (loss) for the period | 9904 | -€2,793 | €99 | +€2,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,793 | €99 | +€2,892 |
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.