THYSSEN INVEST: 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.
THYSSEN INVEST
Largest movements
- Tangible fixed assets +€93,533
up €93,533 (+10.5%), from €887,531 to €981,065
- Receivables after one year +€30,000
new in 2025: €30,000
- Cash -€23,699
down €23,699 (-68.5%), from €34,593 to €10,894
mainly Investment in fixed assets (net) (-€122,011) and Other debts (-€87,162)
- Receivables within one year +€12,192
up €12,192 (+2,796%), from €436 to €12,628
of which Other amounts receivable: +€11,791
- Debts after one year +€176,300
up €176,300 (+70.1%), from €251,343 to €427,643
- Other debts -€87,162
down €87,162 (-100%), from €87,162 to €0
- Reserves +€21,819
up €21,819 (+16.3%), from €133,829 to €155,648
of which Distributable reserves: +€20,728
- Financial charges -€8,147
down €8,147 (-63.7%), from €12,799 to €4,652
- Taxes +€1,357
up €1,357 (+21.9%), from €6,189 to €7,546
- Depreciation +€1,242
up €1,242 (+4.6%), from €27,236 to €28,478
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 | €924,340 | €1,036,477 | +€112,137 | +12.1% |
| Fixed assets | 21/28 | €887,531 | €981,065 | +€93,533 | +10.5% |
| Tangible fixed assets | 22/27 | €887,531 | €981,065 | +€93,533 | +10.5% |
| Land and buildings | 22 | €887,531 | €981,065 | +€93,533 | +10.5% |
| Current assets | 29/58 | €36,808 | €55,412 | +€18,604 | +50.5% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €436 | €12,628 | +€12,192 | +2,796% |
| Trade receivables | 40 | €436 | €837 | +€401 | +92.0% |
| Other amounts receivable | 41 | €0 | €11,791 | +€11,791 | |
| Cash at bank and in hand | 54/58 | €34,593 | €10,894 | -€23,699 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,780 | €1,891 | +€111 | +6.2% |
| Total equity and liabilities | 10/49 | €924,340 | €1,036,477 | +€112,137 | +12.1% |
| Equity | 10/15 | €533,829 | €555,648 | +€21,819 | +4.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €133,829 | €155,648 | +€21,819 | +16.3% |
| Non-distributable reserves | 130/1 | €36,850 | €37,941 | +€1,091 | +3.0% |
| Legal reserve | 130 | €36,850 | €37,941 | +€1,091 | +3.0% |
| Distributable reserves | 133 | €96,978 | €117,706 | +€20,728 | +21.4% |
| Amounts payable | 17/49 | €390,511 | €480,829 | +€90,318 | +23.1% |
| Amounts payable after more than one year | 17 | €251,343 | €427,643 | +€176,300 | +70.1% |
| Financial debts | 170/4 | €251,343 | €427,643 | +€176,300 | +70.1% |
| Amounts payable within one year | 42/48 | €126,852 | €48,998 | -€77,854 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €32,803 | €41,311 | +€8,508 | +25.9% |
| Trade debts | 44 | €5,699 | €6,499 | +€800 | +14.0% |
| Suppliers | 440/4 | €5,699 | €6,499 | +€800 | +14.0% |
| Taxes, remuneration and social security | 45 | €1,189 | €1,189 | = | 0.0% |
| Taxes | 450/3 | €1,189 | €1,189 | = | 0.0% |
| Other amounts payable | 47/48 | €87,162 | €0 | -€87,162 | -100% |
| Accrued charges and deferred income | 492/3 | €12,317 | €4,188 | -€8,129 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,236 | €28,478 | +€1,242 | +4.6% |
| Other operating charges | 640/8 | €16,687 | €17,233 | +€546 | +3.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €80,290 | €79,725 | -€565 | -0.7% |
| Operating profit (loss) | 9901 | €36,367 | €34,013 | -€2,354 | -6.5% |
| Financial income | 75/76B | €24 | €4 | -€20 | -84.9% |
| Recurring financial income | 75 | €24 | €4 | -€20 | -84.9% |
| Financial charges | 65/66B | €12,799 | €4,652 | -€8,147 | -63.7% |
| Recurring financial charges | 65 | €12,799 | €4,652 | -€8,147 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €23,592 | €29,365 | +€5,773 | +24.5% |
| Income taxes | 67/77 | €6,189 | €7,546 | +€1,357 | +21.9% |
| Profit (loss) for the period | 9904 | €17,403 | €21,819 | +€4,416 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,403 | €21,819 | +€4,416 | +25.4% |
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 20 October 2026 via checked.be.