VAN THILLO: 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.
VAN THILLO
Largest movements
- Tangible fixed assets -€11,503
no longer reported in 2025 (was €11,503)
- Receivables within one year +€1,490
new in 2025: €1,490
- Cash -€295
down €295 (-92.5%), from €319 to €24
mainly Net result for the year (-€5,804) and Other debts (-€5,080)
- Profit (loss) carried forward -€5,804
down €5,804 (-76.5%), from -€7,583 to -€13,387
- Other debts -€5,080
no longer reported in 2025 (was €5,080)
- Trade debts +€576
up €576 (+876.8%), from €66 to €642
- Gross operating margin -€880
down €880 (-12.4%), from €7,099 to €6,219
- Purchases and services +€647
new in 2025: €647
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 | €11,822 | €1,514 | -€10,308 | -87.2% |
| Fixed assets | 21/28 | €11,503 | - | -€11,503 | |
| Tangible fixed assets | 22/27 | €11,503 | - | -€11,503 | |
| Land and buildings | 22 | €11,503 | - | -€11,503 | |
| Current assets | 29/58 | €319 | €1,514 | +€1,195 | +374.6% |
| Amounts receivable within one year | 40/41 | - | €1,490 | +€1,490 | |
| Other amounts receivable | 41 | - | €1,490 | +€1,490 | |
| Cash at bank and in hand | 54/58 | €319 | €24 | -€295 | -92.5% |
| Total equity and liabilities | 10/49 | €11,822 | €1,514 | -€10,308 | -87.2% |
| Equity | 10/15 | €6,677 | €872 | -€5,804 | -86.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,583 | -€13,387 | -€5,804 | -76.5% |
| Amounts payable | 17/49 | €5,146 | €642 | -€4,504 | -87.5% |
| Amounts payable within one year | 42/48 | €5,146 | €642 | -€4,504 | -87.5% |
| Trade debts | 44 | €66 | €642 | +€576 | +876.8% |
| Suppliers | 440/4 | €66 | €642 | +€576 | +876.8% |
| Other amounts payable | 47/48 | €5,080 | - | -€5,080 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €647 | +€647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,503 | €11,503 | +€0 | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,099 | €6,219 | -€880 | -12.4% |
| Operating profit (loss) | 9901 | -€4,910 | -€5,804 | -€895 | -18.2% |
| Financial charges | 65/66B | €44 | - | -€44 | |
| Recurring financial charges | 65 | €44 | - | -€44 | |
| Profit (loss) for the period before taxes | 9903 | -€4,953 | -€5,804 | -€851 | -17.2% |
| Profit (loss) for the period | 9904 | -€4,953 | -€5,804 | -€851 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,953 | -€5,804 | -€851 | -17.2% |
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 12 October 2026 via checked.be.