THYS KEVIN: what changed
Two fiscal 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 KEVIN
Largest movements
- Receivables within one year +€23,927
up €23,927 (+492.8%), from €4,855 to €28,783
of which Other amounts receivable: +€19,733
- Cash -€15,199
down €15,199 (-71.5%), from €21,250 to €6,051
mainly Receivables within one year (-€23,927) and Trade debts (-€13,182)
- Tangible fixed assets -€9,032
down €9,032 (-23.7%), from €38,130 to €29,097
of which Furniture and vehicles: -€7,908
- Other debts +€23,070
new in 2025: €23,070
- Current portion of long-term debt +€13,727
up €13,727 (+811.2%), from €1,692 to €15,420
- Trade debts -€13,182
down €13,182 (-61.4%), from €21,481 to €8,299
- Tax, wage and social debts -€10,932
down €10,932 (-83.9%), from €13,032 to €2,100
- Profit (loss) carried forward -€8,689
new in 2025: -€8,689
- Gross operating margin -€42,867
down €42,867 (-75.1%), from €57,100 to €14,233
- Taxes -€10,926
down €10,926 (-99.9%), from €10,932 to €6
- Depreciation -€2,450
down €2,450 (-18.6%), from €13,159 to €10,709
- Other operating charges +€2,176
up €2,176 (+36.4%), from €5,982 to €8,158
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 | €64,235 | €64,511 | +€276 | +0.4% |
| Fixed assets | 21/28 | €38,130 | €29,097 | -€9,032 | -23.7% |
| Tangible fixed assets | 22/27 | €38,130 | €29,097 | -€9,032 | -23.7% |
| Plant, machinery and equipment | 23 | €4,513 | €3,388 | -€1,125 | -24.9% |
| Furniture and vehicles | 24 | €33,617 | €25,709 | -€7,908 | -23.5% |
| Current assets | 29/58 | €26,106 | €35,414 | +€9,308 | +35.7% |
| Amounts receivable within one year | 40/41 | €4,855 | €28,783 | +€23,927 | +492.8% |
| Trade receivables | 40 | €4,593 | €8,787 | +€4,194 | +91.3% |
| Other amounts receivable | 41 | €262 | €19,995 | +€19,733 | +7532.4% |
| Current investments | 50/53 | - | €580 | +€580 | |
| Cash at bank and in hand | 54/58 | €21,250 | €6,051 | -€15,199 | -71.5% |
| Total equity and liabilities | 10/49 | €64,235 | €64,511 | +€276 | +0.4% |
| Equity | 10/15 | €24,311 | €15,622 | -€8,689 | -35.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €23,811 | €23,811 | = | 0.0% |
| Distributable reserves | 133 | €23,811 | €23,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,689 | -€8,689 | |
| Amounts payable | 17/49 | €39,924 | €48,889 | +€8,965 | +22.5% |
| Amounts payable after more than one year | 17 | €3,719 | - | -€3,719 | |
| Financial debts | 170/4 | €3,719 | - | -€3,719 | |
| Amounts payable within one year | 42/48 | €36,205 | €48,889 | +€12,684 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €1,692 | €15,420 | +€13,727 | +811.2% |
| Trade debts | 44 | €21,481 | €8,299 | -€13,182 | -61.4% |
| Suppliers | 440/4 | €21,481 | €8,299 | -€13,182 | -61.4% |
| Taxes, remuneration and social security | 45 | €13,032 | €2,100 | -€10,932 | -83.9% |
| Taxes | 450/3 | €13,032 | €2,100 | -€10,932 | -83.9% |
| Other amounts payable | 47/48 | - | €23,070 | +€23,070 | |
| Remuneration, social security and pensions | 62 | €886 | €1,270 | +€384 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,159 | €10,709 | -€2,450 | -18.6% |
| Other operating charges | 640/8 | €5,982 | €8,158 | +€2,176 | +36.4% |
| Gross operating margin | 9900 | €57,100 | €14,233 | -€42,867 | -75.1% |
| Operating profit (loss) | 9901 | €37,072 | -€5,905 | -€42,977 | |
| Financial income | 75/76B | €75 | €16 | -€59 | -78.7% |
| Recurring financial income | 75 | €75 | €16 | -€59 | -78.7% |
| Financial charges | 65/66B | €2,404 | €2,793 | +€389 | +16.2% |
| Recurring financial charges | 65 | €2,404 | €2,793 | +€389 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €34,743 | -€8,683 | -€43,426 | |
| Income taxes | 67/77 | €10,932 | €6 | -€10,926 | -99.9% |
| Profit (loss) for the period | 9904 | €23,811 | -€8,689 | -€32,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,811 | -€8,689 | -€32,499 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.