Van Thillo S: 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.
Van Thillo S
Largest movements
- Cash -€14,343
down €14,343 (-25.7%), from €55,915 to €41,572
mainly Contributions, distributions and other (-€110,045) and Debts after one year (-€14,276)
- Tangible fixed assets -€12,427
down €12,427 (-25.2%), from €49,365 to €36,938
of which Furniture and vehicles: -€9,500
- Deferred charges and accrued income +€2,302
up €2,302 (+19952.0%), from €12 to €2,314
- Reserves -€76,107
down €76,107 (-100.0%), from €76,107 to €0
- Other debts +€61,769
up €61,769 (+4236.4%), from €1,458 to €63,227
- Debts after one year -€14,276
down €14,276 (-62.4%), from €22,894 to €8,618
- Trade debts +€2,503
up €2,503 (+708.7%), from €353 to €2,857
- Gross operating margin -€3,999
down €3,999 (-6.2%), from €64,968 to €60,969
- Taxes -€1,121
down €1,121 (-10.6%), from €10,596 to €9,474
- Depreciation +€1,093
up €1,093 (+9.6%), from €11,334 to €12,427
- Financial charges -€843
down €843 (-17.2%), from €4,897 to €4,054
- Other operating charges +€667
up €667 (+115.8%), from €575 to €1,242
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 | €123,143 | €97,555 | -€25,588 | -20.8% |
| Fixed assets | 21/28 | €49,765 | €37,338 | -€12,427 | -25.0% |
| Tangible fixed assets | 22/27 | €49,365 | €36,938 | -€12,427 | -25.2% |
| Furniture and vehicles | 24 | €39,093 | €29,593 | -€9,500 | -24.3% |
| Other tangible fixed assets | 26 | €10,272 | €7,345 | -€2,927 | -28.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €73,378 | €60,217 | -€13,161 | -17.9% |
| Amounts receivable within one year | 40/41 | €17,452 | €16,332 | -€1,121 | -6.4% |
| Trade receivables | 40 | €13,011 | €14,756 | +€1,746 | +13.4% |
| Other amounts receivable | 41 | €4,442 | €1,576 | -€2,866 | -64.5% |
| Cash at bank and in hand | 54/58 | €55,915 | €41,572 | -€14,343 | -25.7% |
| Deferred charges and accrued income | 490/1 | €12 | €2,314 | +€2,302 | +19952.0% |
| Total equity and liabilities | 10/49 | €123,143 | €97,555 | -€25,588 | -20.8% |
| Equity | 10/15 | €78,107 | €2,000 | -€76,107 | -97.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €76,107 | €0 | -€76,107 | -100.0% |
| Distributable reserves | 133 | €76,107 | €0 | -€76,107 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,036 | €95,555 | +€50,519 | +112.2% |
| Amounts payable after more than one year | 17 | €22,894 | €8,618 | -€14,276 | -62.4% |
| Financial debts | 170/4 | €22,894 | €8,618 | -€14,276 | -62.4% |
| Amounts payable within one year | 42/48 | €22,142 | €86,937 | +€64,796 | +292.6% |
| Current portion of amounts payable after more than one year | 42 | €13,671 | €14,276 | +€605 | +4.4% |
| Trade debts | 44 | €353 | €2,857 | +€2,503 | +708.7% |
| Suppliers | 440/4 | €353 | €2,857 | +€2,503 | +708.7% |
| Taxes, remuneration and social security | 45 | €6,659 | €6,577 | -€82 | -1.2% |
| Taxes | 450/3 | €6,659 | €6,577 | -€82 | -1.2% |
| Other amounts payable | 47/48 | €1,458 | €63,227 | +€61,769 | +4236.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,334 | €12,427 | +€1,093 | +9.6% |
| Other operating charges | 640/8 | €575 | €1,242 | +€667 | +115.8% |
| Gross operating margin | 9900 | €64,968 | €60,969 | -€3,999 | -6.2% |
| Operating profit (loss) | 9901 | €53,058 | €47,300 | -€5,758 | -10.9% |
| Financial income | 75/76B | €26 | €166 | +€141 | +549.1% |
| Recurring financial income | 75 | €26 | €166 | +€141 | +549.1% |
| Financial charges | 65/66B | €4,897 | €4,054 | -€843 | -17.2% |
| Recurring financial charges | 65 | €4,897 | €4,054 | -€843 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €48,187 | €43,413 | -€4,775 | -9.9% |
| Income taxes | 67/77 | €10,596 | €9,474 | -€1,121 | -10.6% |
| Profit (loss) for the period | 9904 | €37,591 | €33,938 | -€3,653 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,591 | €33,938 | -€3,653 | -9.7% |
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 2 October 2026 via checked.be.