Thys & C°: 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 & C°
Largest movements
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Receivables within one year -€19,667
down €19,667 (-47.4%), from €41,512 to €21,845
of which Trade receivables: -€29,109
- Tangible fixed assets -€14,121
down €14,121 (-18.3%), from €77,042 to €62,921
of which Furniture and vehicles: -€11,399
- Cash -€12,881
down €12,881 (-18.4%), from €69,943 to €57,061
mainly Contributions, distributions and other (-€51,643) and Advances received (-€21,483)
- Reserves -€27,758
down €27,758 (-17.4%), from €159,384 to €131,627
- Advances received -€21,483
down €21,483 (-100.0%), from €21,483 to €0
- Debts after one year -€20,025
down €20,025 (-100.0%), from €20,025 to €0
- Current portion of long-term debt -€11,315
down €11,315 (-100.0%), from €11,315 to €0
- Tax, wage and social debts -€10,437
down €10,437 (-100.0%), from €10,437 to €0
of which Taxes: -€8,638
- Depreciation +€8,971
up €8,971 (+84.9%), from €10,562 to €19,533
- Taxes +€5,921
up €5,921 (+1651.0%), from €359 to €6,279
- Financial income -€751
down €751 (-50.0%), from €1,501 to €750
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 | €239,371 | €144,251 | -€95,120 | -39.7% |
| Fixed assets | 21/28 | €77,042 | €62,921 | -€14,121 | -18.3% |
| Tangible fixed assets | 22/27 | €77,042 | €62,921 | -€14,121 | -18.3% |
| Land and buildings | 22 | €214 | €0 | -€214 | -100.0% |
| Plant, machinery and equipment | 23 | €1,985 | €971 | -€1,014 | -51.1% |
| Furniture and vehicles | 24 | €73,205 | €61,806 | -€11,399 | -15.6% |
| Other tangible fixed assets | 26 | €1,639 | €144 | -€1,494 | -91.2% |
| Current assets | 29/58 | €162,329 | €81,330 | -€81,000 | -49.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €41,512 | €21,845 | -€19,667 | -47.4% |
| Trade receivables | 40 | €29,109 | €0 | -€29,109 | -100.0% |
| Other amounts receivable | 41 | €12,403 | €21,845 | +€9,442 | +76.1% |
| Cash at bank and in hand | 54/58 | €69,943 | €57,061 | -€12,881 | -18.4% |
| Deferred charges and accrued income | 490/1 | €875 | €2,423 | +€1,548 | +177.0% |
| Total equity and liabilities | 10/49 | €239,371 | €144,251 | -€95,120 | -39.7% |
| Equity | 10/15 | €162,384 | €134,627 | -€27,758 | -17.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €159,384 | €131,627 | -€27,758 | -17.4% |
| Distributable reserves | 133 | €159,384 | €131,627 | -€27,758 | -17.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,987 | €9,624 | -€67,363 | -87.5% |
| Amounts payable after more than one year | 17 | €20,025 | €0 | -€20,025 | -100.0% |
| Financial debts | 170/4 | €20,025 | €0 | -€20,025 | -100.0% |
| Amounts payable within one year | 42/48 | €56,963 | €9,624 | -€47,338 | -83.1% |
| Current portion of amounts payable after more than one year | 42 | €11,315 | €0 | -€11,315 | -100.0% |
| Trade debts | 44 | €3,124 | €1,505 | -€1,619 | -51.8% |
| Suppliers | 440/4 | €3,124 | €1,505 | -€1,619 | -51.8% |
| Advances received on contracts in progress | 46 | €21,483 | €0 | -€21,483 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,437 | €0 | -€10,437 | -100.0% |
| Taxes | 450/3 | €8,638 | €0 | -€8,638 | -100.0% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | €10,602 | €8,119 | -€2,483 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,562 | €19,533 | +€8,971 | +84.9% |
| Other operating charges | 640/8 | €863 | €691 | -€171 | -19.9% |
| Gross operating margin | 9900 | €50,727 | €50,381 | -€345 | -0.7% |
| Operating profit (loss) | 9901 | €39,302 | €30,157 | -€9,145 | -23.3% |
| Financial income | 75/76B | €1,501 | €750 | -€751 | -50.0% |
| Recurring financial income | 75 | €1,501 | €750 | -€751 | -50.0% |
| Financial charges | 65/66B | €565 | €742 | +€177 | +31.3% |
| Recurring financial charges | 65 | €565 | €742 | +€177 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €40,237 | €30,165 | -€10,072 | -25.0% |
| Income taxes | 67/77 | €359 | €6,279 | +€5,921 | +1651.0% |
| Profit (loss) for the period | 9904 | €39,879 | €23,886 | -€15,993 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,879 | €23,886 | -€15,993 | -40.1% |
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 11 October 2026 via checked.be.