VAN WELLEN- THYS: 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 WELLEN- THYS
Largest movements
- Financial fixed assets +€4.7m
up €4.7m (+161%), from €2.9m to €7.6m
- Receivables within one year -€158,786
down €158,786 (-25.3%), from €627,381 to €468,595
- Other debts +€4.2m
up €4.2m (+499%), from €849,070 to €5.1m
- Profit (loss) carried forward +€142,872
up €142,872 (+5.4%), from €2.7m to €2.8m
- Accrued charges and deferred income +€112,702
new in 2025: €112,702
- Financial income +€375,060
up €375,060 (+679%), from €55,209 to €430,269
- Other operating charges +€73,218
up €73,218 (+5,545%), from €1,321 to €74,539
- Financial charges +€65,333
up €65,333 (+80.2%), from €81,509 to €146,842
- Gross operating margin -€25,645
down €25,645 (-273%), from -€9,384 to -€35,029
- Taxes +€20,512
new in 2025: €20,512
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 | €3,574,311 | €8,088,307 | +€4.5m | +126% |
| Fixed assets | 21/28 | €2,917,385 | €7,603,185 | +€4.7m | +161% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,917,385 | €7,603,185 | +€4.7m | +161% |
| Current assets | 29/58 | €656,926 | €485,122 | -€171,804 | -26.2% |
| Stocks and contracts in progress | 3 | €9,512 | €5,671 | -€3,841 | -40.4% |
| Stocks | 30/36 | €9,512 | €5,671 | -€3,841 | -40.4% |
| Amounts receivable within one year | 40/41 | €627,381 | €468,595 | -€158,786 | -25.3% |
| Other amounts receivable | 41 | €627,381 | €468,595 | -€158,786 | -25.3% |
| Cash at bank and in hand | 54/58 | €20,033 | €10,856 | -€9,177 | -45.8% |
| Total equity and liabilities | 10/49 | €3,574,311 | €8,088,307 | +€4.5m | +126% |
| Equity | 10/15 | €2,722,872 | €2,865,744 | +€142,872 | +5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,654,672 | €2,797,544 | +€142,872 | +5.4% |
| Amounts payable | 17/49 | €851,439 | €5,222,563 | +€4.4m | +513% |
| Amounts payable within one year | 42/48 | €851,439 | €5,109,861 | +€4.3m | +500% |
| Trade debts | 44 | €618 | - | -€618 | |
| Suppliers | 440/4 | €618 | - | -€618 | |
| Advances received on contracts in progress | 46 | €1,750 | - | -€1,750 | |
| Taxes, remuneration and social security | 45 | - | €20,512 | +€20,512 | |
| Taxes | 450/3 | - | €20,512 | +€20,512 | |
| Other amounts payable | 47/48 | €849,070 | €5,089,349 | +€4.2m | +499% |
| Accrued charges and deferred income | 492/3 | - | €112,702 | +€112,702 | |
| Other operating charges | 640/8 | €1,321 | €74,539 | +€73,218 | +5,545% |
| Non-recurring operating charges | 66A | - | €10,475 | +€10,475 | |
| Gross operating margin | 9900 | -€9,384 | -€35,029 | -€25,645 | -273% |
| Operating profit (loss) | 9901 | -€10,704 | -€120,043 | -€109,339 | -1,021% |
| Financial income | 75/76B | €55,209 | €430,269 | +€375,060 | +679% |
| Recurring financial income | 75 | €55,209 | €430,269 | +€375,060 | +679% |
| Financial charges | 65/66B | €81,509 | €146,842 | +€65,333 | +80.2% |
| Recurring financial charges | 65 | €81,509 | €146,842 | +€65,333 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,005 | €163,384 | +€200,389 | |
| Income taxes | 67/77 | - | €20,512 | +€20,512 | |
| Profit (loss) for the period | 9904 | -€37,005 | €142,872 | +€179,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,005 | €142,872 | +€179,877 |
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 29 October 2026 via checked.be.