THYS HOUT: 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 HOUT
Largest movements
- Cash -€168,191
down €168,191 (-59.8%), from €281,145 to €112,954
mainly Stocks and contracts (-€142,619) and Trade debts (-€90,410)
- Stocks and contracts +€142,619
up €142,619 (+11.6%), from €1.2m to €1.4m
- Tangible fixed assets -€54,112
down €54,112 (-22.4%), from €241,306 to €187,195
of which Plant, machinery and equipment: -€29,459
- Receivables within one year -€28,468
down €28,468 (-10.8%), from €262,939 to €234,471
of which Other amounts receivable: -€45,383
- Trade debts -€90,410
down €90,410 (-66.5%), from €136,011 to €45,601
- Current portion of long-term debt -€35,253
down €35,253 (-62.0%), from €56,900 to €21,648
- Debts after one year -€21,648
down €21,648 (-47.9%), from €45,188 to €23,541
- Staff costs -€40,722
down €40,722 (-23.2%), from €175,756 to €135,034
- Gross operating margin -€14,199
down €14,199 (-5.2%), from €271,197 to €256,997
- Taxes +€5,476
up €5,476 (+266%), from €2,057 to €7,533
- Financial charges +€2,863
up €2,863 (+19.3%), from €14,851 to €17,714
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 | €2,020,111 | €1,911,959 | -€108,151 | -5.4% |
| Fixed assets | 21/28 | €241,306 | €187,195 | -€54,112 | -22.4% |
| Tangible fixed assets | 22/27 | €241,306 | €187,195 | -€54,112 | -22.4% |
| Land and buildings | 22 | €135,666 | €122,317 | -€13,349 | -9.8% |
| Plant, machinery and equipment | 23 | €59,486 | €30,026 | -€29,459 | -49.5% |
| Furniture and vehicles | 24 | €46,155 | €34,851 | -€11,303 | -24.5% |
| Current assets | 29/58 | €1,778,805 | €1,724,765 | -€54,040 | -3.0% |
| Stocks and contracts in progress | 3 | €1,229,890 | €1,372,510 | +€142,619 | +11.6% |
| Stocks | 30/36 | €1,229,890 | €1,372,510 | +€142,619 | +11.6% |
| Amounts receivable within one year | 40/41 | €262,939 | €234,471 | -€28,468 | -10.8% |
| Trade receivables | 40 | €191,321 | €208,237 | +€16,915 | +8.8% |
| Other amounts receivable | 41 | €71,618 | €26,234 | -€45,383 | -63.4% |
| Cash at bank and in hand | 54/58 | €281,145 | €112,954 | -€168,191 | -59.8% |
| Deferred charges and accrued income | 490/1 | €4,830 | €4,830 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,020,111 | €1,911,959 | -€108,151 | -5.4% |
| Equity | 10/15 | €1,564,942 | €1,565,394 | +€451 | 0.0% |
| Contributions | 10/11 | €894,000 | €894,000 | = | 0.0% |
| Capital | 10 | €894,000 | €894,000 | = | 0.0% |
| Issued capital | 100 | €894,000 | €894,000 | = | 0.0% |
| Reserves | 13 | €670,942 | €671,394 | +€451 | +0.1% |
| Non-distributable reserves | 130/1 | €89,400 | €89,400 | = | 0.0% |
| Legal reserve | 130 | €89,400 | €89,400 | = | 0.0% |
| Distributable reserves | 133 | €581,542 | €581,994 | +€451 | +0.1% |
| Amounts payable | 17/49 | €455,168 | €346,566 | -€108,603 | -23.9% |
| Amounts payable after more than one year | 17 | €45,188 | €23,541 | -€21,648 | -47.9% |
| Financial debts | 170/4 | €45,188 | €23,541 | -€21,648 | -47.9% |
| Amounts payable within one year | 42/48 | €402,618 | €303,210 | -€99,407 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €56,900 | €21,648 | -€35,253 | -62.0% |
| Trade debts | 44 | €136,011 | €45,601 | -€90,410 | -66.5% |
| Suppliers | 440/4 | €136,011 | €45,601 | -€90,410 | -66.5% |
| Taxes, remuneration and social security | 45 | €34,607 | €45,186 | +€10,579 | +30.6% |
| Taxes | 450/3 | €2,772 | €19,882 | +€17,110 | +617% |
| Remuneration and social security | 454/9 | €31,835 | €25,304 | -€6,531 | -20.5% |
| Other amounts payable | 47/48 | €175,100 | €190,776 | +€15,676 | +9.0% |
| Accrued charges and deferred income | 492/3 | €7,363 | €19,815 | +€12,452 | +169% |
| Non-recurring operating income | 76A | €3,157 | - | -€3,157 | |
| Remuneration, social security and pensions | 62 | €175,756 | €135,034 | -€40,722 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,817 | €54,112 | -€1,706 | -3.1% |
| Other operating charges | 640/8 | €23,891 | €25,483 | +€1,592 | +6.7% |
| Gross operating margin | 9900 | €271,197 | €256,997 | -€14,199 | -5.2% |
| Operating profit (loss) | 9901 | €15,732 | €42,369 | +€26,637 | +169% |
| Financial income | 75/76B | €2,428 | €329 | -€2,100 | -86.5% |
| Recurring financial income | 75 | €2,428 | €329 | -€2,100 | -86.5% |
| Financial charges | 65/66B | €14,851 | €17,714 | +€2,863 | +19.3% |
| Recurring financial charges | 65 | €14,851 | €17,714 | +€2,863 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €3,309 | €24,984 | +€21,675 | +655% |
| Income taxes | 67/77 | €2,057 | €7,533 | +€5,476 | +266% |
| Profit (loss) for the period | 9904 | €1,252 | €17,451 | +€16,199 | +1,294% |
| Profit (loss) for the period to be appropriated | 9905 | €1,252 | €17,451 | +€16,199 | +1,294% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.