Thys Holding: 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.
What changed
Thys Holding
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €3.5m-€498,473
Equity
€37.3m
2024 · €39.4m-€2.0m
Cash
€24,616
2024 · €38,577-€13,961
Balance sheet total
€54.0m
2024 · €53.9m+€101,927
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves -€2.0m
down €2.0m (-7.1%), from €28.9m to €26.8m
of which Distributable reserves: -€2.0m
- Other debts +€2.0m
up €2.0m (+66.7%), from €3.0m to €5.0m
Income statement
- Financial income -€499,999
down €499,999 (-16.7%), from €3.0m to €2.5m
- Services and other goods -€40,333
down €40,333 (-3.7%), from €1.1m to €1.1m
- Taxes +€36,092
up €36,092 (+22.0%), from €163,908 to €200,000
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.
Result 2024
€3.5m
Other operating income
+€1,815
Services and other goods
+€40,333
Staff costs
-€330
Depreciation
-€12,789
Other operating charges
+€49
Other operating items
+€7,200
Financial income
-€499,999
Financial charges
+€1,341
Taxes
-€36,092
Result 2025
€3.0m
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.
From operations
+€5.0m
Investment
-€40,914
Financing
-€5.0m
Cash 2024
€38,577
From operations (derived)
+€5.0m
Net result for the year
+€3.0m
Depreciation
+€19,159
Receivables within one year
-€93,760
Smaller working-capital items
-€2,891
Trade debts
+€41,232
Tax, wage and social debts
+€100,969
Other debts
+€2.0m
Investment (derived)
-€40,914
Investment in fixed assets (net)
-€40,914
Financing
-€5.0m
Contributions, distributions and other
-€5.0m
Cash 2025
€24,616
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,864,477 | €53,966,404 | +€101,927 | +0.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €52,380,229 | €52,401,984 | +€21,755 | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €9,829 | €31,584 | +€21,755 | +221.3% |
| Furniture and vehicles | 24 | €9,829 | €31,584 | +€21,755 | +221.3% |
| Financial fixed assets | 28 | €52,370,400 | €52,370,400 | = | 0.0% |
| Affiliated companies | 280/1 | €52,370,400 | €52,370,400 | = | 0.0% |
| Participating interests | 280 | €52,370,400 | €52,370,400 | = | 0.0% |
| Current assets | 29/58 | €1,484,247 | €1,564,420 | +€80,172 | +5.4% |
| Amounts receivable within one year | 40/41 | €1,444,672 | €1,538,431 | +€93,760 | +6.5% |
| Trade receivables | 40 | €858,145 | €1,463,575 | +€605,430 | +70.6% |
| Other amounts receivable | 41 | €586,527 | €74,856 | -€511,671 | -87.2% |
| Cash at bank and in hand | 54/58 | €38,577 | €24,616 | -€13,961 | -36.2% |
| Deferred charges and accrued income | 490/1 | €999 | €1,373 | +€374 | +37.5% |
| Total equity and liabilities | 10/49 | €53,864,477 | €53,966,404 | +€101,927 | +0.2% |
| Equity | 10/15 | €39,364,376 | €37,326,620 | -€2.0m | -5.2% |
| Contributions | 10/11 | €10,500,000 | €10,500,000 | = | 0.0% |
| Capital | 10 | €10,500,000 | €10,500,000 | = | 0.0% |
| Issued capital | 100 | €10,500,000 | €10,500,000 | = | 0.0% |
| Reserves | 13 | €28,864,376 | €26,826,620 | -€2.0m | -7.1% |
| Non-distributable reserves | 130/1 | €1,050,000 | €1,050,000 | = | 0.0% |
| Legal reserve | 130 | €1,050,000 | €1,050,000 | = | 0.0% |
| Distributable reserves | 133 | €27,814,376 | €25,776,620 | -€2.0m | -7.3% |
| Amounts payable | 17/49 | €14,500,100 | €16,639,784 | +€2.1m | +14.8% |
| Amounts payable after more than one year | 17 | €10,500,000 | €10,500,000 | = | 0.0% |
| Financial debts | 170/4 | €10,500,000 | €10,500,000 | = | 0.0% |
| Subordinated loans | 170 | €10,500,000 | €10,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,472,583 | €5,614,784 | +€2.1m | +61.7% |
| Trade debts | 44 | €162,517 | €203,749 | +€41,232 | +25.4% |
| Suppliers | 440/4 | €162,517 | €203,749 | +€41,232 | +25.4% |
| Taxes, remuneration and social security | 45 | €310,066 | €411,035 | +€100,969 | +32.6% |
| Taxes | 450/3 | €35,058 | €30,959 | -€4,099 | -11.7% |
| Remuneration and social security | 454/9 | €275,008 | €380,076 | +€105,068 | +38.2% |
| Other amounts payable | 47/48 | €3,000,000 | €5,000,000 | +€2.0m | +66.7% |
| Accrued charges and deferred income | 492/3 | €527,517 | €525,000 | -€2,517 | -0.5% |
| Operating income | 70/76A | €3,498,000 | €3,507,015 | +€9,015 | +0.3% |
| Turnover | 70 | €3,498,000 | €3,498,000 | = | 0.0% |
| Other operating income | 74 | - | €1,815 | +€1,815 | |
| Non-recurring operating income | 76A | - | €7,200 | +€7,200 | |
| Operating charges | 60/66A | €2,342,830 | €2,315,567 | -€27,264 | -1.2% |
| Services and other goods | 61 | €1,102,885 | €1,062,552 | -€40,333 | -3.7% |
| Remuneration, social security and pensions | 62 | €1,231,821 | €1,232,151 | +€330 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €19,159 | +€12,789 | +200.8% |
| Other operating charges | 640/8 | €1,754 | €1,705 | -€49 | -2.8% |
| Operating profit (loss) | 9901 | €1,155,170 | €1,191,448 | +€36,279 | +3.1% |
| Financial income | 75/76B | €3,000,001 | €2,500,001 | -€499,999 | -16.7% |
| Recurring financial income | 75 | €3,000,001 | €2,500,001 | -€499,999 | -16.7% |
| Income from financial fixed assets | 750 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Other financial income | 752/9 | €1 | €1 | +€1 | +108.0% |
| Financial charges | 65/66B | €530,546 | €529,206 | -€1,341 | -0.3% |
| Recurring financial charges | 65 | €530,546 | €529,206 | -€1,341 | -0.3% |
| Debt charges | 650 | €530,575 | €527,900 | -€2,675 | -0.5% |
| Other financial charges | 652/9 | -€29 | €1,306 | +€1,335 | |
| Profit (loss) for the period before taxes | 9903 | €3,624,624 | €3,162,244 | -€462,380 | -12.8% |
| Income taxes | 67/77 | €163,908 | €200,000 | +€36,092 | +22.0% |
| Taxes | 670/3 | €163,908 | €200,000 | +€36,092 | +22.0% |
| Profit (loss) for the period | 9904 | €3,460,716 | €2,962,244 | -€498,473 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,460,716 | €2,962,244 | -€498,473 | -14.4% |
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 10 October 2026 via checked.be.