THYS Construct: 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 Construct
Largest movements
- Current assets -€8,187
down €8,187 (-5.9%), from €138,135 to €129,948
of which Cash: -€7,212
- Debts -€5,127
down €5,127 (-5.4%), from €95,470 to €90,343
- Profit (loss) carried forward -€3,621
down €3,621 (-8.5%), from €42,367 to €38,746
- Gross operating margin +€10,215
up €10,215, from -€9,602 to €614
- Financial charges +€3,365
new in 2021: €3,365
- Other operating charges +€385
new in 2021: €385
- Depreciation +€126
up €126 (+29.0%), from €435 to €561
From the 2020 result to the 2021 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
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,897 | €137,149 | -€8,748 | -6.0% |
| Fixed assets | 21/28 | €7,762 | €7,200 | -€561 | -7.2% |
| Tangible fixed assets | 22/27 | €1,772 | €1,210 | -€561 | -31.7% |
| Plant, machinery and equipment | 23 | - | €910 | +€910 | |
| Furniture and vehicles | 24 | - | €300 | +€300 | |
| Financial fixed assets | 28 | €5,990 | €5,990 | = | 0.0% |
| Current assets | 29/58 | €138,135 | €129,948 | -€8,187 | -5.9% |
| Amounts receivable after more than one year | 29 | - | €33,144 | +€33,144 | |
| Other amounts receivable | 291 | - | €33,144 | +€33,144 | |
| Amounts receivable within one year | 40/41 | €70,811 | €73,747 | +€2,936 | +4.1% |
| Trade receivables | 40 | - | €51,231 | +€51,231 | |
| Other amounts receivable | 41 | - | €22,516 | +€22,516 | |
| Cash at bank and in hand | 54/58 | €29,485 | €22,272 | -€7,212 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €785 | +€785 | |
| Total equity and liabilities | 10/49 | €145,897 | €137,149 | -€8,748 | -6.0% |
| Equity | 10/15 | €50,427 | €46,806 | -€3,621 | -7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €42,367 | €38,746 | -€3,621 | -8.5% |
| Amounts payable | 17/49 | €95,470 | €90,343 | -€5,127 | -5.4% |
| Amounts payable within one year | 42/48 | €90,328 | €90,343 | +€15 | 0.0% |
| Financial debts | 43 | - | €48,672 | +€48,672 | |
| Credit institutions | 430/8 | - | €48,672 | +€48,672 | |
| Trade debts | 44 | €49,360 | €33,925 | -€15,435 | -31.3% |
| Suppliers | 440/4 | - | €33,925 | +€33,925 | |
| Taxes, remuneration and social security | 45 | - | €7,746 | +€7,746 | |
| Taxes | 450/3 | - | €7,746 | +€7,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €561 | +€126 | +29.0% |
| Other operating charges | 640/8 | - | €385 | +€385 | |
| Gross operating margin | 9900 | -€9,602 | €614 | +€10,215 | |
| Operating profit (loss) | 9901 | -€10,493 | -€332 | +€10,161 | +96.8% |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | €54 | €76 | +€23 | +41.9% |
| Financial charges | 65/66B | - | €3,365 | +€3,365 | |
| Recurring financial charges | 65 | €2,972 | €3,365 | +€393 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,411 | -€3,621 | +€9,790 | +73.0% |
| Profit (loss) for the period | 9904 | -€13,411 | -€3,621 | +€9,790 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,411 | -€3,621 | +€9,790 | +73.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.