THYVFRAN: 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.
THYVFRAN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€85,635
down €85,635 (-16.4%), from €520,702 to €435,067
of which Other amounts payable: -€48,565
- Other debts +€83,268
up €83,268 (+18.2%), from €457,370 to €540,638
- Current portion of long-term debt +€39,128
up €39,128 (+43.5%), from €89,870 to €128,998
- Reserves -€35,185
down €35,185 (-2.1%), from €1.7m to €1.7m
of which Distributable reserves: -€28,622
- Gross operating margin -€102,955
down €102,955, from €101,012 to -€1,943
- Financial charges -€21,478
down €21,478 (-92.8%), from €23,145 to €1,667
- Taxes -€13,275
down €13,275 (-98.6%), from €13,461 to €186
- Other operating charges +€1,904
up €1,904 (+10.4%), from €18,336 to €20,240
- Financial income -€1,367
no longer reported in 2024 (was €1,367)
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,096,478 | €3,061,072 | -€35,406 | -1.1% |
| Fixed assets | 21/28 | €2,978,357 | €2,965,020 | -€13,337 | -0.4% |
| Tangible fixed assets | 22/27 | €915,320 | €901,983 | -€13,337 | -1.5% |
| Land and buildings | 22 | €910,277 | €898,611 | -€11,666 | -1.3% |
| Plant, machinery and equipment | 23 | €2,823 | €1,985 | -€837 | -29.7% |
| Furniture and vehicles | 24 | €2,220 | €1,387 | -€834 | -37.6% |
| Financial fixed assets | 28 | €2,063,037 | €2,063,037 | = | 0.0% |
| Current assets | 29/58 | €118,121 | €96,052 | -€22,069 | -18.7% |
| Amounts receivable after more than one year | 29 | €92,249 | €92,249 | = | 0.0% |
| Other amounts receivable | 291 | €92,249 | €92,249 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,083 | €3,803 | -€20,280 | -84.2% |
| Trade receivables | 40 | €12,403 | €0 | -€12,403 | -100% |
| Other amounts receivable | 41 | €11,680 | €3,803 | -€7,877 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,789 | €0 | -€1,789 | -100% |
| Total equity and liabilities | 10/49 | €3,096,478 | €3,061,072 | -€35,406 | -1.1% |
| Equity | 10/15 | €1,846,376 | €1,811,191 | -€35,185 | -1.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,696,376 | €1,661,191 | -€35,185 | -2.1% |
| Tax-exempt reserves | 132 | €117,188 | €110,625 | -€6,563 | -5.6% |
| Distributable reserves | 133 | €1,579,188 | €1,550,566 | -€28,622 | -1.8% |
| Provisions and deferred taxes | 16 | €65,074 | €62,886 | -€2,188 | -3.4% |
| Provisions for liabilities and charges | 160/5 | €32,261 | €32,261 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,261 | €32,261 | = | 0.0% |
| Deferred taxes | 168 | €32,813 | €30,625 | -€2,188 | -6.7% |
| Amounts payable | 17/49 | €1,185,028 | €1,186,995 | +€1,967 | +0.2% |
| Amounts payable after more than one year | 17 | €520,702 | €435,067 | -€85,635 | -16.4% |
| Financial debts | 170/4 | €472,137 | €435,067 | -€37,070 | -7.9% |
| Other amounts payable | 178/9 | €48,565 | - | -€48,565 | |
| Amounts payable within one year | 42/48 | €647,721 | €751,178 | +€103,457 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €89,870 | €128,998 | +€39,128 | +43.5% |
| Financial debts | 43 | €251 | €599 | +€349 | +139% |
| Credit institutions | 430/8 | €251 | €599 | +€349 | +139% |
| Trade debts | 44 | €42,307 | €41,732 | -€575 | -1.4% |
| Suppliers | 440/4 | €42,307 | €41,732 | -€575 | -1.4% |
| Taxes, remuneration and social security | 45 | €57,923 | €39,211 | -€18,712 | -32.3% |
| Taxes | 450/3 | €57,923 | €39,211 | -€18,712 | -32.3% |
| Other amounts payable | 47/48 | €457,370 | €540,638 | +€83,268 | +18.2% |
| Accrued charges and deferred income | 492/3 | €16,606 | €750 | -€15,856 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,343 | €13,337 | -€1,006 | -7.0% |
| Other operating charges | 640/8 | €18,336 | €20,240 | +€1,904 | +10.4% |
| Gross operating margin | 9900 | €101,012 | -€1,943 | -€102,955 | |
| Operating profit (loss) | 9901 | €68,333 | -€35,519 | -€103,853 | |
| Financial income | 75/76B | €1,367 | - | -€1,367 | |
| Recurring financial income | 75 | €1,367 | - | -€1,367 | |
| Financial charges | 65/66B | €23,145 | €1,667 | -€21,478 | -92.8% |
| Recurring financial charges | 65 | €23,145 | €1,667 | -€21,478 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €46,556 | -€37,186 | -€83,742 | |
| Transfer from deferred taxes | 780 | €2,188 | €2,188 | = | 0.0% |
| Income taxes | 67/77 | €13,461 | €186 | -€13,275 | -98.6% |
| Profit (loss) for the period | 9904 | €35,282 | -€35,185 | -€70,467 | |
| Transfer from tax-exempt reserves | 789 | €6,563 | €6,563 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,844 | -€28,622 | -€70,467 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.