THYV: 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.
THYV
Largest movements
- Cash -€4,760
down €4,760 (-16.9%), from €28,235 to €23,475
mainly Deferred charges and accrued income (-€3,278) and Net result for the year (-€2,850)
- Deferred charges and accrued income +€3,278
up €3,278 (+320.4%), from €1,023 to €4,301
- Tangible fixed assets -€1,863
down €1,863 (-21.9%), from €8,510 to €6,647
of which Furniture and vehicles: -€1,637
- Receivables within one year +€871
up €871 (+88.3%), from €987 to €1,858
of which Other amounts receivable: +€1,368
- Profit (loss) carried forward -€2,850
down €2,850 (-31.9%), from €8,940 to €6,090
- Staff costs +€9,359
up €9,359 (+144432.6%), from €6 to €9,366
- Gross operating margin -€6,654
down €6,654 (-37.1%), from €17,946 to €11,292
- Taxes -€3,912
down €3,912 (-96.7%), from €4,044 to €132
- Depreciation +€758
up €758 (+26.1%), from €2,911 to €3,669
- Financial charges -€235
down €235 (-54.6%), from €431 to €195
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 | €40,499 | €37,661 | -€2,838 | -7.0% |
| Fixed assets | 21/28 | €9,710 | €7,847 | -€1,863 | -19.2% |
| Tangible fixed assets | 22/27 | €8,510 | €6,647 | -€1,863 | -21.9% |
| Plant, machinery and equipment | 23 | €244 | €398 | +€154 | +62.9% |
| Furniture and vehicles | 24 | €6,856 | €5,220 | -€1,637 | -23.9% |
| Other tangible fixed assets | 26 | €1,410 | €1,029 | -€380 | -27.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €30,789 | €29,814 | -€975 | -3.2% |
| Stocks and contracts in progress | 3 | €544 | €181 | -€363 | -66.8% |
| Stocks | 30/36 | €544 | €181 | -€363 | -66.8% |
| Amounts receivable within one year | 40/41 | €987 | €1,858 | +€871 | +88.3% |
| Trade receivables | 40 | €987 | €490 | -€497 | -50.4% |
| Other amounts receivable | 41 | - | €1,368 | +€1,368 | |
| Cash at bank and in hand | 54/58 | €28,235 | €23,475 | -€4,760 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,023 | €4,301 | +€3,278 | +320.4% |
| Total equity and liabilities | 10/49 | €40,499 | €37,661 | -€2,838 | -7.0% |
| Equity | 10/15 | €30,922 | €28,072 | -€2,850 | -9.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,982 | €18,982 | = | 0.0% |
| Distributable reserves | 133 | €18,982 | €18,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,940 | €6,090 | -€2,850 | -31.9% |
| Amounts payable | 17/49 | €9,577 | €9,589 | +€12 | +0.1% |
| Amounts payable within one year | 42/48 | €9,577 | €9,589 | +€12 | +0.1% |
| Trade debts | 44 | €2,198 | €2,306 | +€107 | +4.9% |
| Suppliers | 440/4 | €2,198 | €2,306 | +€107 | +4.9% |
| Taxes, remuneration and social security | 45 | €5,013 | €4,918 | -€95 | -1.9% |
| Taxes | 450/3 | €5,013 | €2,217 | -€2,796 | -55.8% |
| Remuneration and social security | 454/9 | - | €2,701 | +€2,701 | |
| Other amounts payable | 47/48 | €2,366 | €2,366 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6 | €9,366 | +€9,359 | +144432.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,911 | €3,669 | +€758 | +26.1% |
| Other operating charges | 640/8 | €669 | €780 | +€110 | +16.5% |
| Gross operating margin | 9900 | €17,946 | €11,292 | -€6,654 | -37.1% |
| Operating profit (loss) | 9901 | €14,360 | -€2,523 | -€16,882 | |
| Financial charges | 65/66B | €431 | €195 | -€235 | -54.6% |
| Recurring financial charges | 65 | €431 | €195 | -€235 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €13,929 | -€2,718 | -€16,647 | |
| Income taxes | 67/77 | €4,044 | €132 | -€3,912 | -96.7% |
| Profit (loss) for the period | 9904 | €9,885 | -€2,850 | -€12,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,885 | -€2,850 | -€12,735 |
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 29 September 2026 via checked.be.